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StepStone Private Wealth
StepStone Private Wealth was founded in 2021 as a separately managed subsidiary of StepStone Group, the publicly traded private markets advisory and...
StepStone Private Wealth
StepStone Private Wealth was founded in 2021 as a separately managed subsidiary of StepStone Group, the publicly traded private markets advisory and investment firm (NASDAQ: STEP). The firm was created to deliver institutional-quality private market strategies to individual investors, a shift that mirrored broader industry trends toward democratizing alternative investments. Its wealth-origin context is tied to StepStone Group’s existing track record and infrastructure, not a specific family fortune. The firm focuses on private equity, private credit, real estate, infrastructure, and secondaries — offering both fund-of-funds and direct co-investment vehicles. It targets accredited investors and qualified purchasers, structuring access through pooled vehicles managed alongside StepStone's institutional platform. Geographic exposure spans North America, Europe, and select Asian markets (per public record). Confirmed investments include funds managed by top-tier GPs, though specific portfolio companies are not publicly disclosed on the firm's website. StepStone Private Wealth is headquartered in La Jolla, California, and operates as a registered investment adviser (RIA). The broader StepStone Group had over $650 billion in total assets under management and advisory as of 2025, with StepStone Private Wealth representing a small but growing segment. The team size for this arm is not publicly broken out, but it leverages StepStone's investment professionals. In 2024, the firm launched multiple private credit and infrastructure products targeting wealthy individuals (per public record). Structurally, StepStone Private Wealth is distinct because it operates as a dedicated RIA serving individuals and family offices, separate from StepStone Group's institutional advisory and fund management business. This structure allows it to tailor offerings to non-institutional clients while accessing the same research, deal sourcing, and portfolio construction as the larger firm. The governance includes oversight by StepStone Group's board, with a separate management team for wealth solutions.
General information
Firm type
Multi Family Office
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
La Jolla
Corporate office
La Jolla, CA, United States
Sector focus
Frequently asked questions
Who runs investment decisions at StepStone Private Wealth?
Investment decisions are made by the StepStone investment committee, which leverages the broader firm's global team of over 800 professionals. The wealth unit's management team is not publicly named on the firm's website, but it operates under the oversight of StepStone Group CEO Scott Hart and the board of the parent company.
How does StepStone Private Wealth source proprietary deal flow?
The firm sources deals primarily through the StepStone Group's existing relationships with general partners, co-investment networks, and proprietary fund-of-funds research. It does not maintain a separate sourcing team for the wealth channel, instead accessing the same opportunities available to StepStone's institutional clients.
Is StepStone Private Wealth structured as a single family office or does it operate more like a venture firm?
It is neither. StepStone Private Wealth is a registered investment adviser (RIA) structured as a multi-family office and wealth manager. It is a wholly owned subsidiary of StepStone Group, a publicly traded global asset manager, and does not manage a single family's wealth.
Does StepStone Private Wealth participate in fund commitments or only direct deals?
The firm participates in both fund commitments and direct co-investments, though its primary vehicle is fund-of-funds and separate accounts that pool capital from individual investors to commit to institutional private market funds.
What investment stages does StepStone Private Wealth typically target?
The firm targets buyout, growth equity, and venture capital on the private equity side, as well as direct lending, real estate development, and infrastructure projects. It does not focus on early-stage venture capital as a primary strategy, but it may invest through secondary and fund-of-funds vehicles across stages.
How is StepStone Private Wealth related to StepStone Group?
StepStone Private Wealth is a wholly owned subsidiary of StepStone Group, the publicly traded global private markets firm. It was launched in 2021 to serve individual investors and family offices, while StepStone Group continues to serve institutional clients. The wealth unit leverages StepStone's investment platform, research, and operational infrastructure.
Does StepStone Private Wealth maintain philanthropic structures, and how are they separated?
The firm does not operate a charitable foundation or philanthropic arm of its own, as it is a commercial RIA. However, the parent StepStone Group has a corporate social responsibility program that is separate from StepStone Private Wealth's investment activities.
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