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Alternative Market Briefing

Conversus StepStone Private Markets holds first close on $35 million

Thursday, October 29, 2020

Bailey McCann, Opalesque New York:

Conversus StepStone Private Markets inaugural fund has announced its first close on $35 million. Conversus acts as adviser and StepStone Group LP acts as sub-adviser for the private markets platform which is designed to provide access to private equity, private debt and real assets through an evergreen investment vehicle.

Conversus is StepStone's platform for delivering the firm's institutional asset management capabilities to the high net worth and mass affluent market and is led by its founders Bob Long, Neil Menard, Tim Smith and Tom Sittema.

StepStone will invest CPRIM's capital alongside its institutional ......................

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