StepStone Group Launching ELTIF in Europe

Core Insights - StepStone Group Inc. has received approval to launch a Private Debt-based European Long-Term Investment Fund (ELTIF), expanding its offerings in the European private wealth market [1][2] - The firm aims to market ELTIFs in Italy, Spain, Germany, France, and the Nordic and Benelux regions, focusing on private credit assets within the European Union [2][3] - StepStone has also converted existing RAIF funds into UCI Part II vehicles, enhancing access for professional and semi-professional investors to private markets [3][4] Company Overview - StepStone Group Inc. is a global private markets investment firm managing approximately $698 billion in total capital, including$179 billion in assets under management as of December 31, 2024 [4] - The firm's client base includes large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [4]