# StepStone Group Private Debt LLC

StepStone Group Private Debt LLC is a Private Credit Manager based in La Jolla, United States.

## Overview

- **Organization type:** Private Credit Manager
- **Headquarters:** La Jolla, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** stepstonegroup.com
- **LinkedIn:** https://www.linkedin.com/company/stepstone-private-wealth

## Regulatory record

- **CRD number:** 323711
- **SEC file number:** 801-126880
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/323711

## About

StepStone Group Private Debt LLC is an SEC-registered investment adviser in La Jolla, CA, registered since 2022. The firm manages approximately $3.2 billion in regulatory assets. It is based in La Jolla, CA.

## Sectors

- Private Credit
- Infrastructure
- Real Estate
- Secondaries & Special Situations

## Offices

- London
- Sydney
- Hong Kong
- San Diego
- La Jolla
- Omaha

## People

- Monte Brem — Chief Executive Officer
- Scott D. Wight — Chief Investment Officer, Private Debt
- David Jeffrey — Managing Director, Private Debt
- John W. Barber — Head of Private Debt

## Questions

### Who runs investment decisions at StepStone Group Private Debt LLC?

Scott D. Wight is Chief Investment Officer of the private debt practice, overseeing credit strategy and portfolio construction (per the firm's public filings). John W. Barber serves as Head of Private Debt, leading originations. Day-to-day deal approval is made by an investment committee that includes senior partners from the firm's global offices. Monte Brem remains CEO of the entire StepStone Group.

### How does StepStone source proprietary deal flow for private debt?

StepStone's private debt team originates through relationships with over 500 sponsors globally, including many that use the firm's fund-of-funds and advisory services. The firm also sources directly from lower-middle-market companies through a dedicated mid-market coverage group. StepStone does not rely on third-party intermediaries for deal flow (per the firm's investor presentations).

### Which sectors does StepStone's private debt team explicitly avoid?

The firm publicly avoids lending to distressed retail, speculative mining, early-stage biotech, and pure-play cryptocurrency businesses. StepStone has stated a preference for asset-backed or cash-flow-stable companies in sectors such as industrials, technology services, healthcare services, business services, and infrastructure (per the firm's 2024 investor presentation).

### How is StepStone Group Private Debt LLC related to StepStone Group's fund-of-funds business?

Both operate within the same corporate entity but have separate investment teams and funds. The private debt AUM ($35B as of September 2024) is distinct from the $120B+ in fund-of-funds and advisory AUM. The private debt team can leverage the broader firm's portfolio data and sponsor relationships. There is no commingling of capital between the two pools.

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

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