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Feb

26

StepStone Closes Fund III, Plans $1B+ in Investments

By Tony Seruga

The company will target office, industrial, senior housing, student housing, hotels and multifamily projects in the U.S. and Europe.

New York—StepStone Real Estate has closed StepStone Real Estate Partners III with $700 million in commitments that together with co-investment capital will give the fund more than $1.1 billion to invest in the U.S. and Europe.

Founded by partners Jeff Giller, Josh Cleveland and Brendan MacDonald, StepStone Real Estate is part of StepStone Group, a leading private markets firm that oversees about $100 billion of private capital allocations, including $28 billion of assets under management…

StepStone Closes Fund III, Plans $1B+ in Investments

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