StepStone Private Wealth’s Post

StepStone Private Wealth's Private Markets Fund (SPRIM) was active in the secondary market in H1, purchasing stakes in funds managed by Audax Private Equity, Charlesbank Capital Partners, Court Square Capital Partners, and MLC Asset Management's Private Equity Partners, among others. SPRIM made 27 fund investments via secondaries. Bob Long #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets #RetailInvestors https://lnkd.in/dH9sMHi6

'40 Act in Focus: StepStone Private Wealth Private Venture and Growth Fund. SecondaryLink outlines the returns, structure, and more details about the $1.1 billion secondaries-focused evergreen fund. Bob Long #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #RetailInvestors #Venture #VentureCapital #VC https://lnkd.in/e3EpRyuD

StepStone Secondary Opportunities Fund V, which closed at $4.8 billion in September, was the group’s largest contributor to retro fees according to David Park, CFO. StepStone Group PE secondaries deliver 15.5% net IRR last quarter. Thomas Bradley | Scott Hart #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #PrivateEquity #PE https://lnkd.in/eXJQFvxP

What are the ingredients that can make an evergreen fund successful? Hear from evergreen pioneer StepStone Group's StepStone Private Wealth CEO Bob Long on what enables an evergreen fund to be differentiated. Listen to the full "What's Your Edge" show on Alt Goes Mainstream: https://lnkd.in/egP3Ppdn

'40 Act in Focus: StepStone Group Private Markets. SecondaryLink outlines the returns, structure, and more details about the $3.4 billion secondaries-focused evergreen fund. Bob Long #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #RetailInvestors https://lnkd.in/e-Hn2fyM

“Sometimes, you just have to go against the status quo and get creative to drive optimal outcomes.” Hear from Mike W., CFO and Partner at Primary Venture Partners, as he shares the innovation behind a pioneering $98M secondary transaction with StepStone Group. In the conversation with Mike Breaux, learn how this first-of-its-kind deal brought liquidity to investors in an exit-challenged market while retaining control and protecting tax efficiencies. Get inspired by the bold decisions shaping today’s venture capital landscape. https://lnkd.in/giCsJttj #InnovatorInsights #FundBanking #VentureBanking #Investors 

This festive season, as I exchanged greetings with family and friends, I had many conversations around the recent launch of StockPatri. While it was exhilarating to celebrate the launch and the early milestones, it was even more gratifying to hear what people wanted from such a platform. Clearly, there are massive white spaces in the broader personal finance segment, despite the presence of several large and well-capitalized and over-funder players. And, this begs the question - What are the ingredients for innovation and disruption? While the jury is still out on that one, here is something that you can settle right now! We have put together few initiatives on our long term roadmap, in no particular order. Help us shape this roadmap by letting us know your feedback and suggestions in the broader personal finance space - long term investing, short term trading, algo trading, stocks, mutual funds, portfolio management, technical analysis, fundamental analysis, training and education, etc. Let us plan the chapters, as we begin to re-write our financial patri! You can share your thoughts here or in the linked form in comments! #StockPatri #PersonalFinance #Investments #Equities #MutualFunds

Zak Smerczak, CA, CFA, Portfolio Manager at COMGEST will deliver a session titled 'Comgest Growth Global: Is the market too concentrated? Exploring opportunities beyond the top stocks ' at the second instalment of the Funds to Watch series on 7th-8th November next week. During this presentation, Zak will discuss the importance of diversification amid market conditions that favour a small percentage of US large cap stocks. Zak will also provide an introduction to Comgest Growth Global and discuss how our strategy offers investors exposure to leading Quality Growth companies both inside and outside of the tech/AI sectors enabling the team to build resilient portfolios that deliver sustainable, long-term earnings growth leveraging the breadth and depth of our global research platform. #fundstowatch #investment #funds #assetallocation #fundselection #assetmanagement #portfoliomanagement #investmentweekevents

🔗 Aligning Value Creation Plans with LP Objectives: A Path to Sustainable Success Aligning value creation plans with the objectives of Limited Partners is not just beneficial—it's essential. The synergy between the fund’s strategic vision and the LPs’ goals can significantly enhance both performance and investor satisfaction. Operational Efficiency: The Key to Value Creation Operational efficiency stands at the core of this alignment. Fundamental Operational value creation is the only really repeatable strategy. From the investor perspective, repeatable value creation is paramount in deciding to commit to a new fund or re-up a commitment. This not only meets the performance benchmarks expected by LPs but also lays a robust foundation for sustainable success. Zanders Value Proposition to Private Equity-Backed Businesses At Zanders, we specialize in providing tailored solutions that enhance operational efficiency for private equity-backed businesses. Our value proposition includes: 🔍 Strategic Analysis: We perform in-depth assessments to identify areas of improvement and unlock hidden value. ⚙️ Operational Optimization: Through cutting-edge methodologies and industry best practices, we streamline operations to boost efficiency and effectiveness. 📊 Performance Monitoring: Our advanced analytics provide continuous insights, ensuring that your business stays on track with its value creation plans. 📈 Sustainable Growth: We focus on long-term success, ensuring that operational improvements translate into sustained value for both the business and its investors. Aligning your value creation strategy with LP objectives isn't just a strategic move—it's a commitment to excellence and sustainable growth. At Zanders, we're here to help you achieve that alignment and drive unparalleled success. #PrivateEquity #ValueCreation #OperationalEfficiency #Zanders #SustainableGrowth #InvestmentStrategy #BusinessOptimization Feel free to reach out to us to learn how Zanders can help your private equity-backed business achieve its full potential. Together, we can align your goals and create lasting value.

⏰ Time for Some Myth Busting! Private Equity often faces its share of misconceptions, and one of the most persistent myths is that PE investments always lead to company layoffs. It’s time to set the record straight. While it’s true that restructuring can sometimes be part of the strategy, the bigger picture tells a completely different story. Private Equity is about driving growth, strengthening teams, and creating value—not cutting corners. We turned to Deimante Korsakaite, Managing Partner at Invalda Baltic Sea Growth Fund and INVL Private Equity Fund II, to break it down: “While restructuring can sometimes be part of a growth strategy, PE firms often prioritize building strong teams, investing in talent, and fostering a positive company culture. In fact, PE-backed companies in Europe added over 451,000 new jobs in 2022—a 7.2% increase, far surpassing the 2% growth in the broader market. In line with this, INVL Baltic Sea Growth Fund’s portfolio companies have generated over 630 net new jobs over the investment period, underscoring our commitment to sustainable growth and workforce development.” The numbers don’t lie: Private Equity creates opportunities, builds businesses, and contributes to economic growth. 💼 #PEVC_Myth_Busters