StepStone Group Inc's Private Wealth Solutions Reach $10.2 Billion, Expanding into Global Markets and Enhancing Accessibility

StepStone Group Inc's private wealth arm, StepStone Private Wealth Solutions, has reached $10.2 billion in assets under management, driven by new partnerships across global markets and lower investment minimums. The firm has expanded into Europe, Australia, Hong Kong, Singapore, and the UK, and introduced European UCI Part II structures and a partnership with Goji to enhance investor experience. However, private market investments carry substantial risks, including potential complete loss of investment.

StepStone Private Wealth Solutions (SPWS), the private wealth arm of StepStone Group (Nasdaq: STEP), has achieved a significant milestone by doubling its assets under management (AUM) to $10.2 billion as of July 31, 2025. This growth is primarily attributed to increased market penetration in the U.S. and strategic partnerships across global markets, including Europe, Australia, Hong Kong, Singapore, and the UK [1].

The expansion into these regions has been facilitated by several strategic initiatives. These include lowering investment minimums, removing accreditation requirements for most U.S. Evergreen funds, and launching European UCI Part II structures in February 2025. Additionally, SPWS has partnered with Goji to enhance the investor onboarding experience for European private market evergreen funds [1].

The growth of SPWS reflects a broader trend of increased allocations to private market assets by investors, particularly through evergreen, semi-liquid structures. The firm has attracted investments from a diverse range of clients, including private banks, wealth managers, and family offices. A key driver of this momentum has been the growing engagement from Registered Investment Advisors (RIAs) and strategic partnerships with leading financial intermediaries, who are actively investing across SPWS’s diverse product offerings, including private equity, venture capital, private debt, and infrastructure [1].

StepStone Group CEO Scott Hart stated, "We launched SPWS with a single mission: to enable a broader range of investors and their clients’ access to high-quality private markets opportunities – just as we’ve done for the world's largest institutional investors over many years. This notable growth is a testament to the SPWS team and reaffirms the strength and breadth of the StepStone platform" [1].

Bob Long, CEO of SPWS, added, "Our value lies not only in offering investors institutional-grade access with distinctive deal sourcing on a global scale, but in continuing to progress investor access through our simplified and transparent structures. By addressing the legacy barriers, we believe we’ve designed some of the easiest, most transparent private market wealth solutions in the market today. While we’re proud of our growth, we’re just getting started – with exciting new partnerships and offerings on the horizon" [1].

StepStone continues to differentiate itself through its proprietary intelligence platform (SPI by StepStone) and extensive relationships with leading deal sponsors, ranging from major global players to specialized niche managers. The firm's global network now encompasses 29 offices, further supporting a streamlined, efficient investment experience for wealth managers and their clients in Europe [1].

To further support a streamlined, efficient investment experience for wealth managers and their clients in Europe, StepStone announced in July 2025 that it is utilizing Goji’s technology to improve access to several of its global private market evergreen funds, including the new SCRED ELTIF and UCI Part II structure. The firm has also lowered the investment minimum and eliminated accredited investor status for several of its wealth products in the US [1].

SPWS is expanding StepStone Academy, StepStone’s education platform for financial professionals, to offer on-demand continuing education credits. This program will provide extensive resources designed to equip advisors of all experience levels with foundational private markets insights. Advisors can access videos and white papers via SPWS’s webpage [1].

References:
[1] https://www.stocktitan.net/news/STEP/step-stone-private-wealth-solutions-doubles-aum-exceeding-10-billion-oyna76aaxyxp.html