# Stepstone Group Private Debt AG

Stepstone Group Private Debt AG is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 301039
- **SEC file number:** 802-117943
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/301039

## About

StepStone Group Private Debt AG is a Zurich-based investment adviser registered with the SEC since 2019.

## Sectors

- Private Credit

## Questions

### How does Stepstone Group Private Debt AG differ from other Stepstone entities?

It is a German stock corporation (AG) specifically focused on private debt, distinct from Stepstone Group Private Equity AG or the main US-based manager. This structure allows compliant distribution of regulated credit funds within Europe.

### What is the relationship between Stepstone Group and Stepstone Group Private Debt AG?

Stepstone Group Private Debt AG is a wholly-owned subsidiary of Stepstone Group, which is publicly traded on NASDAQ (STEP). The AG entity handles distribution and management of private credit strategies within European regulatory constraints.

### What is Stepstone Group's AUM in private credit?

Stepstone Group reported $153B total AUM as of December 2023 (per the firm's earnings release). Private credit AUM is not separately broken out for the AG entity, but sector estimates place the broader firm's credit allocation at roughly $25-35B.

### What regulatory status does Stepstone Group Private Debt AG hold?

As a German AG, it is subject to BaFin regulation and EU investment fund directives (AIFMD). This enables regulated fund marketing across EU member states. Specific licenses or passporting details were not publicly disclosed.

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Last updated: 2026-06-03T20:00:00.000Z

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