StepStone Sees Promise in Wealthy European Investors, Forms LUX SICAV
Posted on 07/13/2022
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm. The firm is keen on tapping wealthy individuals as clients. StepStone Conversus LLC is an investment platform designed to expand access to the private markets for individual investors. StepStone Conversus announced the launch of StepStone Conversus (Luxembourg) SCA SICAV-RAIF, a Luxembourg umbrella fund, and its inaugural sub-fund, Conversus StepStone Private Markets (CPRIM Lux). CPRIM Lux offers European investors global exposure to the major private market asset classes – Private Equity, Real Assets and Private Debt – in a single investment.
CPRIM Lux’s investment strategy will invest alongside CPRIM US, the firm’s US-based flagship fund. Launched in October 2020, CPRIM US reached US$ 500 million of assets under management in 18 months. As an open architecture solution, the CPRIM Lux portfolio seeks to be well-diversified across underlying managers and by sector, strategy, geography and vintage year. StepStone will invest CPRIM Lux’s capital alongside its institutional clients and CPRIM US.
