STEPSTONE GROUP PRIVATE DEBT LLC

Thesis

StepStone Group Private Debt LLC, a subsidiary of StepStone Group Inc., is a global private markets investor focused on privately negotiated transactions in corporate, real estate, and infrastructure debt, as well as credit specialties. Their strategy involves creating tailored portfolios for institutional clients and pooled investment vehicles worldwide, balancing various asset classes, capital structures, and investment approaches to preserve capital and generate attractive yields. They manage direct investment funds, secondary funds, and fund of private markets funds, with a particular emphasis on secondaries and co-investment transactions in their credit opportunities funds. The firm aims to enhance transparency in the typically opaque private debt market through a broad perspective and a knowledgeable team. As of March 31, 2025, StepStone Group Private Debt LLC had regulatory assets under management totaling $3.25 billion on a discretionary basis. The broader StepStone Group Inc. reported approximately $885 billion of total capital responsibility as of March 31, 2026. The firm was founded in 2006 and has a global presence with offices across Europe, the Americas, and Asia-Pacific. Their registered address is in La Jolla, California.