StepStone Group (STEP) announced the launch of StepStone Private Equity Strategies Fund, an evergreen interval fund that invests in private equity assets managed by historically top-tier sponsors identified by StepStone. The Fund launched in September, raising more than $750 million to date. It is now available on all major custodian platforms via purchase by a ticker. The Fund offers individual investors, financial advisors and institutions exposure to a portfolio of diversified private market investments across buyout and growth equity mainly through secondary purchases and co-investments. The objective of the Fund is to achieve long-term capital appreciation.
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