StepStone Group

StepStone was founded in 2006 and is based in New York, New York. The founders, Monte Brem and Thomas Keck had previously made private equity investments for Pacific Corporate Group, as President and Managing Director, respectively.[1][2] From its first office in La Jolla, the firm has expanded to New York City, San Francisco, Cleveland, Toronto, Dublin, London, Luxembourg, Zurich, Beijing, Hong Kong, Seoul, Tokyo, Sao Paulo, Sydney, and Perth. The firm oversees over US$130 billion of private capital allocations, including over US$34 billion of assets under management.

In March 2015, it was published that StepStone would move its Manhattan headquarters to the former offices of Bernard L. Madoff Investment Securities, and the site of where company head Bernard Madoff operated his $65 billion Ponzi scheme.

In 2012, StepStone appointed Mushin Kim as a partner in the Asian region and expanded its Korean office, and began to expand its investment in Asia in earnest.

In 2018, StepStone acquired Universum, a global company specializing in employer branding.[3]

On September 16, 2020, StepStone held its initial public offering on the Nasdaq. [4]

Investments

History of private equity and venture capital
Early history
(origins of modern private equity)
The 1980s
(leveraged buyout boom)
The 1990s
(leveraged buyout and the venture capital bubble)
The 2000s
(dot-com bubble to the credit crunch)
The 2010s
(expansion)
The 2020s
(COVID-19 recession)

StepStone typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $2.5 billion.[5]