StepStone Group Inc. has closed its StepStone Secondaries Infrastructure Fund and related separate accounts, raising $1.7 billion in total capital commitments. The fund, which is StepStone's first closed-ended commingled fund dedicated to infrastructure secondaries, closed with $1.5 billion in capital commitments, surpassing its target and reaching the hard cap. The fund focuses on acquiring limited partner interests in infrastructure funds and investing in GP-led secondary funds managed by experienced third-party infrastructure GPs. As of August 2026, the fund is about 50% deployed across 26 closed deals, many in the middle market. StepStone Infrastructure & Real Assets, which invests across primary funds, secondaries, and co-investments, has deployed an average of $13 billion annually over the past three years. Latham & Watkins LLP advised on the fund's formation.
Stepstone Group IncStepStone closed its infrastructure secondaries fund at $1.7B, exceeding target and reaching hard cap.
