StepStone Private Markets Fund
StepStone Private Markets (SPRIM) is an evergreen fund focusing on private equity, real assets, and private debt. It employs a "fund of funds" strategy, aiming for a 12% net annualized return through global exposure. SPRIM leverages StepStone's network, allocating assets to Secondary and Primary investments and Co-Investments. The fund prioritizes meeting target returns, generating liquidity, and minimizing portfolio volatility, with a diverse portfolio of 159 investments across regions.
- Sponsor: StepStone
- Asset type: Private Equity
- Raising: $972,000,000
- Minimum Investment: $50,000
- Annualized distribution rate: 3.0%
- Target return: 12.0%
- Legal: Dechert LLP
- Website: https://www.stepstonegroup.com/what-we-do/solutions-services/private-wealth-solutions/sprim/
Contacts
About the deal sponsor
StepStone
Total invested: $972,000,000