Crowd Street Enters Into Agreements with Leading Global Asset Managers, Expanding Access Beyond Commercial Real Estate and into the Broader Private Markets

Core Insights - Crowd Street has announced distribution agreements with Nuveen and StepStone, expanding its investment offerings beyond commercial real estate to include various private market asset classes [1][2] - The partnerships signify a strategic shift for Crowd Street, enhancing its commitment to providing diverse investment options and empowering members with self-directed access to private markets [2][5] Company Developments - Nuveen, managing over $1.3 trillion in assets, will launch two funds on Crowd Street's platform, including a $2 billion perpetual-life non-traded investment vehicle focused on U.S. middle market companies [3][4] - StepStone, with approximately $709 billion in total capital, will collaborate with Crowd Street to offer two funds focused on private equity and venture capital, with the initial fund designed for long-term capital appreciation [4][5] Market Impact - The new offerings from Nuveen and StepStone are expected to provide Crowd Street members with access to private credit investments and diversified private market opportunities, enhancing the platform's appeal [3][4] - Crowd Street has facilitated over 800 commercial real estate deals worth more than $4 billion, indicating strong demand for self-directed private market investing [4]