StepStone Expands Investment Opportunities Through Bergos Partnership
StepStone Group Inc. (Nasdaq: STEP), recognized as a leader in private markets solutions, has recently made some exciting developments in the world of investment. They've joined forces with Bergos AG, a respected Swiss private banking institution managing assets worth CHF7.3 billion for clients. This collaboration brings several private market evergreen funds from StepStone directly to Bergos' clientele.
Introducing StepStone's Evergreen Funds
With a diverse range of funds now accessible at Bergos AG, investors have robust options for exploring private market ventures. The highlighted funds include:
StepStone Private Venture and Growth Fund
Known as SPRING Lux, this fund is designed to provide a comprehensive venture and growth strategy. Leveraging an innovative open architecture approach, it selects premier managers across the innovation economy. As of the latest reporting on February 28, 2025, SPRING Lux has achieved $341.7 million in assets under management (AUM) and boasts an impressive 59.92% total net return since its inception in November 2022.
StepStone Private Infrastructure Fund
STRUCTURE Lux is another enticing option available through this partnership. This fund focuses on delivering income and long-term capital appreciation by granting access to a global investment portfolio of private infrastructure assets. With a current AUM of $79.9 million as of February 28, 2025, it has delivered a total net return of 24.91% since launching in September 2023.
StepStone Private Credit Fund
SCRED Lux offers investors a permanent private debt co-investment approach. It utilizes various credit-related strategies across market cycles to generate current income and long-term growth. As of January 30, 2025, SCRED Lux has reached $43.6 million in AUM, implementing a 'multi-lender' method since its launch in June 2024.
StepStone Private Credit Europe ELTIF
This fund is specifically designed to provide investors with access to a varied, Europe-focused private credit strategy. A primary focus is on senior secured direct lending. SCRED Europe has successfully launched with over €250 million in seed capital, supported by a promising pipeline of opportunities.
Insight from StepStone Leadership
Neil Menard, Partner and President of Distribution at StepStone, expressed enthusiasm regarding the partnership, stating, “Investors have embraced our approach to accessing the private markets through StepStone’s evergreen platform, and we are excited to deliver this access to Bergos’ clients.” This collaboration is aligned with StepStone's mission to provide institutional-quality investment opportunities globally.
Accessibility and Inclusion for Investors
This partnership significantly enhances investor access to private markets, including private equity, infrastructure, and real estate. Recently, funds SPRING Lux and STRUCTURE Lux transitioned from reserved alternative investment funds to UCI Part II compliant structures. This shift grants more accessibility to professional and semi-professional investors seeking to delve into the private market.
It is essential for prospective investors to review the offering details and risk factors associated with these investments. A well-informed investment decision is critical, especially in the evolving landscape of private equity and alternative investments.
About StepStone Group Inc.
StepStone Group Inc. stands as a global leader in private markets investment, custom-tailoring investment solutions and advisory services for its diverse range of clients. As of the close of the previous year, StepStone was managing approximately $698 billion in total capital, with around $179 billion in assets under management. Its clientele includes a substantial array of public and private funds, sovereign wealth entities, and notable endowments.
About Bergos AG
Bergos AG is a premier Swiss Private Bank dedicated to private wealth management. Emerging from a new ownership structure while retaining its traditional roots, it has been serving clients for over three decades. Headquartered in Zurich, with a presence in Geneva, the institution prides itself on a ‘Human Private Banking’ philosophy that emphasizes personalized wealth management, advisory services, and alternative investments.
Frequently Asked Questions
What are StepStone's evergreen funds?
StepStone's evergreen funds are investment vehicles that provide continuous capital investment opportunities without a predetermined closing date, allowing flexibility for investors.
Who can invest in these funds?
The funds are available to professional and semi-professional investors, with specific regulations and requirements based on their domicile.
What is the significance of the partnership with Bergos?
This partnership enhances access to StepStone's investment offerings, enabling a broader range of clients at Bergos to explore private markets.
How has StepStone performed recently?
StepStone has reported substantial gains across its funds, reflecting strong investment strategies and positive market conditions.
Where is Bergos AG headquartered?
Bergos AG is headquartered in Zurich, Switzerland, with an additional office located in Geneva.
