StepStone Group

The StepStone Group LP (StepStone) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, direct, fund of funds, secondary direct, and secondary indirect investments.

History

StepStone was founded in 2006 and is based in La Jolla, California and 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.^[2][3] From its first office in La Jolla, the firm has expanded to New York City, San Francisco, London, Beijing, Hong Kong, Seoul, Sao Paulo, and Perth. The firm oversees US$60 billion of private capital allocations, including over US$12 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.

Investments

StepStone typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $2.5 billion.^[4]

References

External links

• (official website)

Private equity and venture capital
Basic investment types	Buyout Venture Mezzanine Growth Secondaries Equity co-investment
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Terms and concepts	Buyout Financial sponsor Management buyout Divisional buyout Buy–sell agreement Leveraged recapitalization Dividend recapitalization Venture Angel investor Business incubator Post-money valuation Pre-money valuation Seed money Startup company Venture capital financing Venture debt Venture round Structure Private equity firms and funds Limited partnership Limited liability company Carried interest Management fee Publicly traded private equity Business Development Company Venture capital trust Private investment in public equity (PIPE) Pledge fund
Investors	Corporations Institutional investors Pension funds Insurance companies Fund of funds Endowments Foundations Investment banks Merchant banks Commercial banks High-net-worth individuals Family offices Sovereign wealth funds Crowdfunding
Related financial terms	AUM Cap table Capital call Capital commitment Capital structure Distribution waterfall EBITDA Envy ratio High-yield debt IPO IRR Leverage Liquidation preference M&A PME Taxation of private equity and hedge funds Undercapitalization Vintage year
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3i Group AAC Capital Partners Advent International AlpInvest Partners American Capital Apax Partners Apollo Global Management Ares Management Bain Capital BC Partners Berkshire Partners The Blackstone Group Bridgepoint Capital Candover The Carlyle Group CCMP Capital Cerberus Capital Management Charterhouse Capital Partners Cinven Clayton, Dubilier & Rice CVC Capital Partners Doughty Hanson & Co EnCap Investments EQT Partners First Reserve Corporation Fortress Investment Group General Atlantic Goldman Sachs Capital Partners GTCR Hellman & Friedman H.I.G. Capital JRK Property Holdings KKR Trilantic Capital Partners Leonard Green & Partners Madison Dearborn Partners Nordic Capital Oak Investment Partners Oaktree Capital Management Onex Teachers' Private Capital Pacific Equity Partners PAI Partners Permira Providence Equity Partners Sentinel Capital Partners Silver Lake Partners Summit Partners Sun Capital Partners TA Associates Terra Firma Capital Partners Thomas H. Lee Partners TPG Capital Warburg Pincus Welsh, Carson, Anderson & Stowe
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ABN Amro AAC Capital Partners Bank of America Ridgemont Equity Partners Merrill Lynch Global Private Equity Barclays Capital Barclays Private Equity Barings Bank Baring Vostok Capital Partners GP Investments Bear Stearns Irving Place Capital (fka BSMB) CIBC World Markets Trimaran Capital Partners Citigroup Metalmark Capital Court Square Capital Partners CVC Capital Partners Credit Suisse DLJ Merchant Banking Avista Capital Partners Diamond Castle Holdings Deutsche Bank MidOcean Partners First Chicago Bank (defunct) Madison Dearborn Partners GTCR Goldman Sachs Goldman Sachs Capital Partners JPMorgan Chase CCMP Capital (fka JPMorgan Partners) One Equity Partners Lazard Lazard Alternative Investments Lehman Brothers (defunct) Trilantic Capital Partners Morgan Stanley Metalmark Capital Morgan Stanley Capital Partners Nomura Terra Firma Capital Partners UBS UBS Capital Affinity Equity Partners Capvis Lightyear Capital Wells Fargo Norwest Venture Partners Pamlico Capital William Blair & Company Chicago Growth Partners William Blair Capital Partners
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