StepStone Private Wealth Solutions Launches StepStone Private Equity Strategies Fund

Core Insights - StepStone Group has successfully launched the StepStone Private Equity Strategies Fund (STPEX), raising over $750 million since its inception in September 2025, and it is now available on major custodian platforms [1][7]. Fund Structure and Strategy - STPEX is an evergreen interval fund that invests in private equity assets managed by top-tier sponsors identified by StepStone, aiming for long-term capital appreciation [2][3]. - The fund offers individual investors, financial advisors, and institutions access to a diversified portfolio of private market investments, primarily through secondary purchases and co-investments [2][3]. - STPEX allows for daily capital raising and provides liquidity through semi-annual redemptions, with a current expectation of up to 5% of the Fund's net asset value [4][9]. Investment Approach - The fund's capital is invested alongside StepStone's institutional clients by a global private equity team of over 190 investment professionals, responsible for managing approximately $389 billion of capital as of September 30, 2025 [3][6]. - STPEX was developed in response to feedback from partners in the wealth management channel, focusing on providing a private equity strategy with low minimum investments and daily valuation [3][5]. Accessibility and Investor Requirements - The minimum investment for STPEX is set at $5,000, and it is available to investors in the United States without any accreditation requirements [4][6]. - The fund is structured to offer various share classes tailored for different wealth management platforms, enhancing accessibility for a broader group of investors [4][5].