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StepStone Group (VC)

Global private-markets giant with a dedicated venture platform.

Funds-of-FundsFirmGlobal
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Target market
Venture managers from established franchises to select emerging GPs
Typical check
Wide range — from emerging-manager checks to very large commitments
Geography
Global

Overview

StepStone Group is a publicly listed private-markets firm whose dedicated venture platform — built on its 2021 acquisition of Greenspring Associates — is one of the largest allocators to venture funds in the world. It invests across primaries, secondaries and co-investments, giving GPs multiple ways to engage: fund commitments for a raise, secondary liquidity for existing LP positions, and co-investment capital for portfolio winners. StepStone's data platform means diligence is quantitative and thorough; its scale means it can grow with a franchise for decades.

Key facts

  • Publicly listed (Nasdaq: STEP)
  • Venture platform built on the 2021 acquisition of Greenspring Associates
  • One of the largest global allocators to venture funds
  • Active across primaries, venture secondaries and co-investments

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