Private markets investor Β· New York, USA
StepStone Group
About
StepStone Group is a global private markets firm running primary, secondary, and co-investment strategies across private equity, infrastructure, and real estate.
APAC secondaries activity
StepStone's dedicated secondaries strategy includes APAC coverage, part of the broader trend of Western institutional secondaries platforms building out regional teams rather than covering Asia opportunistically from abroad.
What a transaction here looks like
A private-markets investor running secondaries alongside primary commitments and co-investment brings an information advantage to this market: reporting history on a large number of funds, which is the raw material for judging whether a manager's marks are conservative or generous. In a region where information is the binding constraint, that matters more than it does elsewhere.
Who sits on the other side
Counterparties are institutions selling stakes and managers seeking capital for continuation vehicles. Being listed also makes this a rare public source of quantitative commentary on regional pricing and volumes from a party actually transacting.