Simpson Thacher represents StepStone Private Equity Strategies Fund (the “Fund”), a continuously offered evergreen interval fund registered under the 1940 Act that invests in private equity assets managed by historically top-tier sponsors identified by StepStone, in connection with its formation and continuous public offering. StepStone Group Private Wealth LLC, a subsidiary of StepStone Group LP (Nasdaq: STEP), is the Fund’s investment adviser. 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.
The Simpson Thacher team included Ryan Brizek, Bissie Bonner, David Howe, Anna Sheu, Jarius McDade and Jack Malich (Registered Funds); Russell Light, Jacqueline Clinton, Michael Mann, George Rhein and Jenna Al-Malawi (Tax); and Erica Rozow and George Gerstein (ERISA).