Charlotte · Seed–Late Stage
Also known as STEPSTONE GROUP EUROPE ALTERNATIVE INVESTMENTS LIMITED · STEPSTONE GROUP LP · STEPSTONE GROUP PRIVATE DEBT AG · STEPSTONE GROUP PRIVATE DEBT LLC · STEPSTONE GROUP PRIVATE WEALTH LLC · STEPSTONE GROUP REAL ASSETS LP · STEPSTONE GROUP REAL ESTATE LP
Investment thesis
StepStone Group is a global private markets investment firm; this page is a confidentiality/access disclaimer for its StepStone Private Credit Fund offerings.
Source: firm website, verified Aug 25, 2026.
What they invest in
from 36 of 37 portfolio companiesAI & Machine Learning ×19Enterprise Software ×14SaaS ×12Cybersecurity ×7Developer Tools ×6Data & Infrastructure ×5Fintech ×5Deep Tech ×4
HQs:United States×18United Kingdom×2Mexico×2India×1
Investments · 37 tracked
founders shown can be your intro pathBy year:2026 · 82025 · 32024 · 42023 · 12019 · 12018 · 118 dated
Standard Nuclear manufactures TRISO nuclear fuel for advanced reactors, establishing a domestic fuel supply chain for the nuclear energy sector in the United States.
Advanced ManufacturingDeep TechEnergyNew MaterialsOak Ridge, US
Kurt Terrani(CEO)inKevin HarrillKeeley Marrocco(Executive Officer, Director, Promoter)inShahram GhasemianBrian JollyMichael Trammell
Co-investorsAndreessen HorowitzBVVCCrosscut VenturesDecisive PointChevron Technology VenturesCrucible Capital
EnergyCanoga Park, US
Robert Goldstein(Executive Officer)ROBERT I GOLDSTEIN(Executive Officer, Director)
Co-investorsDCVC (Data Collective)
DuploCloud provides a platform that consolidates DevOps and cloud security for developers and organizations.
AI & Machine LearningCloud ComputingCybersecurityDeveloper Tools
Venkat Thiruvengadam(Founder, CEO & Board Member)in
Co-investorsMonta Vista CapitalMayfield FundWestBridge Capital
Multiverse develops workforce training programs focused on equipping workers with durable skills needed for effective AI adoption in the workplace, combining soft skills and cognitive competencies.
AI & Machine LearningEdTechEnterprise SoftwareFuture of WorkLondon, GB
Euan Blair(Co-Founder & CEO)inSophie Adelman(Co-Founder & President)in
Co-investorsGeneral CatalystLightspeed Venture PartnersAudaciousBlitzscaling VenturesEmerge EducationHaystack+7 more
accessiBe provides AI-powered and expert-driven web accessibility solutions, including its accessWidget product, to help businesses of all sizes make their websites accessible and comply with accessibility laws such as the ADA.
AI & Machine LearningEnterprise SoftwareSaaS
Robert Lopez(CEO)
Co-investors83NorthGlilot Capital PartnersIn-Q-TelP101 Ventures
AcuityMD is a vertical AI and commercial-intelligence platform that helps medical-device companies size markets, prioritize physicians and facilities, manage territories and pipelines, forecast demand, and accelerate product adoption.
HealthtechBoston, US
Michael Monovoukas(CEO and Co-Founder)inRobert Coe(CTO and Co-Founder)Lee Smith(Co-Founder and VP of Customer Experience)
BoardLogan Bartlett(Director / Redpoint investor)Eric Vishria(Director / Benchmark investor)
Co-investorsAjax HealthArtisanal VenturesAtreides ManagementICONIQ GrowthRedpoint VenturesBenchmark
Poolside builds open-weight foundation models and agentic coding models, including the Laguna family, along with the systems and infrastructure needed to train, refine, and improve these models.
AI & Machine LearningDeveloper Tools
Jason Warner(Founder & CEO)inEiso Kant(Founder)
Co-investors7GC & CoAbstraction CapitalAir Street CapitalB Capital GroupB4 CapitalBain Capital Ventures+24 more
Airis Labs builds an AI platform that turns user-generated video into real-time intelligence, using agentic analyst tools to fuse crowd-sourced footage with sources like CCTV, drone, and bodycam video.
AI & Machine LearningDefense TechGovTech
Rotem Abeles(Founder)inAmos Lahav(Founder)in
Co-investorsTLV PartnersPSG EquityRedSeed Ventures
Auradine develops ultra-low-power compute technology for AI applications across cloud data centers, edge, and physical/embodied AI.
AI & Machine LearningHardwareSemiconductorsCampbell, US
Barun Kar(Executive Officer, Director)in
BoardRajiv Khemani(Director)inNavin Chaddha(Director)inSriram Viswanathan(Director)Fred Thiel(Director)inSaid Ouissal(Director)
Co-investorsCleo CapitalAIspace VenturesCapricorn Investment GroupCelesta CapitalDCVC (Data Collective)Maverick Capital+8 more
Blair provided financing to students through income share agreements, funding thousands of borrowers in the United States before exiting operations in 2022.
FintechSan Francisco, US
Mike Mahlkow(Founder)inDavid Nordhausen(Founder)inConstantin Schreiber(Founder)in
Co-investorsVibe CapitalY CombinatorBONDGeneral CatalystIndex VenturesLightspeed Venture Partners+1 more
BuildOps provides operational management software for commercial contractors, integrating project management, accounting, and AI-driven intelligence to streamline field-to-ledger workflows across North America.
AI & Machine LearningConstruction TechEnterprise SoftwareSaaS
Alok Chanani(CEO)
Co-investors01 Advisors137 Ventures1984 Ventures Management, LlcAlpha EdisonB Capital GroupB4 Capital+15 more
Cyberhaven provides data detection and response (DDR) software that helps security teams investigate incidents involving data exfiltration and insider threats by reconstructing the complete timeline and context of user actions and data movements.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise Software
Volodymyr Kuznetsov(Founder)in
Co-investorsCrane Venture PartnersForgePoint CapitalLaunchBay CapitalRedpoint VenturesVertex VenturesWing+4 more
Draftea operates a mobile sports betting app offering live in-play betting with real-time odds across sports including soccer, American football, basketball, baseball, and F1.
ConsumerGamingSports Tech
Alán Jaime Misrahi(Founder)inJoe Cohen(Founder)in
Co-investorsAbstract VenturesCourtside VenturesKaszek VenturesSequoia Capital
Draftea is a mobile app for online sports betting, offering live in-game betting with real-time odds across sports such as soccer, American football, basketball, baseball, and Formula 1.
ConsumerGamingSports Tech
Alán Jaime Misrahi(Founder)inJoe Cohen(Founder)in
Co-investorsBullpen CapitalMantis CapitalCourtside VenturesSequoia Capital
Everstream Analytics provides supply chain risk management software that gives companies predictive insight and analytics into risks across their supplier networks.
AI & Machine LearningLogistics & Supply ChainSaaS
Co-investorsColumbia CapitalMorgan Stanley
Infinite provides APIs and SDKs for businesses to integrate stablecoin payment capabilities, enabling fast, low-cost global settlement without cryptocurrency complexity.
Crypto & Web3Developer ToolsEnterprise SoftwareFintechSan Francisco, US
Nikhil Srinivasan(Cofounder & CEO)inRaj Lad(Cofounder & CTO)in
Co-investorsY Combinator468 CapitalBalnord Sp. z o.o.European Innovation Council FundGSR VenturesLGVP+3 more
Inspectiv offers an AI-enabled security testing platform that combines bug bounty, penetration testing, feature testing, and vulnerability disclosure programs (VDP) with Continuous Threat Exposure Management.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSCulver City, US
Joseph Melika(Executive Officer, Director)Ryan Disraeli(Executive Officer, Director)inClark Landry(Executive Officer, Director)
Co-investorsFikaMoonshots CapitalMucker CapitalSocial StartsFika VenturesGreenspring Associates
iubenda provides a digital compliance platform that helps businesses create and manage privacy policies, cookie banners, terms and conditions, and accessibility documentation to meet global privacy regulations.
LegalTechSaaS
Andrea Giannangelo(Founder)inRaffaele Negroin
Co-investors2100 Ventures4Di CapitalBrighteye VenturesMetrika SGR S.p.A.P101 VenturesPlay Ventures+8 more
Kroll provides valuation, risk advisory, and transaction services, including complex valuations, M&A support, regulatory compliance, tax and transfer pricing, and dispute resolution.
Enterprise SoftwareFintech
Kueski provides digital lending and payment services in Mexico, offering personal loans and a buy-now-pay-later product (Kueski Pay) for online and in-store purchases without a credit card.
FintechMexico City, MX
Adalberto Flores Ochoa(Executive Officer, Director)
BoardPeter Kellner(Director)inPatrick Gallagher(Director)
Co-investorsCapria VenturesCathay InnovationCore Ventures GroupCrunchFundFluent VenturesG Squared+8 more
Co-investorsSQN Venture Partners, LLCBessemer Venture PartnersGV (Google Ventures)
London Stock Exchange Group (LSEG) operates a stock exchange and provides financial market data, analytics, indices (FTSE Russell), FX trading, risk intelligence, and post-trade services for investing, trading, and risk management.
Data & InfrastructureEnterprise SoftwareFintechLondon, GB
Moonbounce provides AI behavior control systems that allow organizations to manage and enforce their intentions in AI systems at decision-making moments.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSan Francisco, US
Brett Levenson-Arkin(Founder)Ash Bhardwaj(Founder)Brett Levenson(Founder)
Co-investorsAmplify Partners
Moonbouncer is a Discord bot that enables cross-platform community engagement and monetization by connecting Discord servers with external platforms like Twitch, TikTok, and e-commerce shops, allowing creators to incentivize and reward audience actions across multiple channels.
Creator EconomySaaS
Co-investorsHack VCAmplify Partners CV
Mosyle provides enterprise-grade device management, endpoint security, and identity management software for Apple devices deployed in schools, businesses, and managed service provider environments.
CybersecurityDeveloper ToolsEnterprise SoftwareOrlando, US
ALCYR MENNA BARRETO DE ARAUJO NETTO(Executive Officer, Director)Alcyr Araujo(Founder)inISRAEL GERALDI(Director)
BoardJEREMIAH DALY(Director)inDIOGO MYRRHA(Director)in
Co-investorsAlbum VCElephant PartnersInsight PartnersPeak Ventures
Northwood provides end-to-end ground infrastructure for space missions, from concept through deployment to live data delivery.
Deep TechHardwareSaaSSpace Tech
Shaurya Luthra(Cofounder)
Co-investorsAlpine Space VenturesAlso CapitalAndreessen HorowitzAurelia FoundryBalerion Space VenturesFulcrum Venture+6 more
Overland AI develops ground autonomy solutions for military vehicles and land operations, enabling autonomous mobility without human operators.
AI & Machine LearningDefense TechRoboticsSeattle, US
Byron Boots(Co-Founder & CEO)inStephanie Bonk(Co-Founder & President)inGreg Okopal(Co-Founder & COO)inJonathan Fink(Executive Officer)
BoardChristopher Morales(Director)
Co-investors8VCAscend Venture CapitalOUP (Osage University Partners)Point72 VenturesVoyager CapitalCubit Capital+3 more
Protect AI develops security solutions for artificial intelligence systems.
AI & Machine LearningCybersecurityEnterprise SoftwareSeattle, US
Ian Swanson(Executive Officer, Director, Promoter)Badar Ahmed(Director)inDaryan Dehghanpisheh(Director)
BoardRichard Seewald(Director)inMark Kraynak(Director)inEd Sim(Director)in
Co-investors01 AdvisorsAcrew CapitalAviso Venturesboldstart venturesEvolution Equity PartnersSamsung Next+3 more
Radiant Industries develops Kaleidos, a portable, factory-built nuclear microreactor intended to replace diesel generators.
EnergyEl Segundo, US
Douglas Bernauer(Executive Officer, Director, Promoter)Robert Urberger(Executive Officer, Director, Promoter)
BoardDavid Ulevitch(Director)inRachel Slaybaugh(Director)Stephen Burns(Director)
Co-investorsManhattan Venture PartnersAndreessen HorowitzBoost VCDCVC (Data Collective)Draper Associates
Rasa builds a conversational AI platform that extends large language models with business logic, enabling enterprises to develop AI agents that handle high-volume interactions securely.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Alex Weidauer(Co-founder & Strategic Advisor)Tom Bocklisch(Principal Architect)
Co-investorsAccelBasis Set VenturesPayPal VenturesAndreessen HorowitzDig Ventures Management LimitedKickstart Innovation+4 more
Revefi builds data infrastructure and analytics systems for enterprise customers, leveraging expertise in database optimization, search-based business intelligence, and data quality at scale.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSaaSRedmond, US
SanjayShashankShashank Gupta(Founder)
Co-investorsGTM CapitalIcon VenturesMayfield FundNeythri Futures FundGTMfund
Silent Push operates a proprietary scanning and aggregation engine that logs changes across the entire IPv4 and IPv6 space, providing security teams with pre-evaluated first-party data and query functionality to track and monitor attacker infrastructure.
CybersecurityData & InfrastructureSaaSReston, US
Kenneth Bagnall(Executive Officer, Director)Tim Dawson(Director)in
BoardDavid Palmer(Director)inFrank Verdecanna(Director)inJohn Jensen(Director)in
Co-investorsTen Eleven
Upscale AI is an end-to-end AI advertising platform for creating, running, and measuring performance video ad campaigns on Streaming TV, CTV, and programmatic video channels.
AdTechAI & Machine LearningMarketing Tech
Co-investorsNVP CapitalMaverick SiliconNewark Venture PartnersNVIDIAPremji InvestProsperity7 Ventures+3 more
Upscale AI builds networking infrastructure purpose-built for AI workloads, including scale-up rack networking (SkyHammer) and open Ethernet fabrics based on NVIDIA Spectrum-X silicon and a SONiC-based network OS.
AI & Machine LearningDeep TechHardwareSemiconductorsSanta Clara, US
Co-investorsQualcomm VenturesMaverick SiliconNVIDIAPremji InvestProsperity7 VenturesSalesforce Ventures+2 more
x.ai builds frontier AI reasoning models, real-time voice AI, and generative media systems.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwarePalo Alto, US
Yuhuai (Tony) Wu(Founder)Greg Yang(Founder)inGuodong Zhang(Founder)inIgor Babuschkin(Founder)inElon Musk(Founder)
Co-investors7percent VenturesAbstract VenturesAglae VenturesAmity VenturesAndreessen HorowitzArctic Digital+35 more
Zencity provides an analytics platform that collects and analyzes community data for government teams, giving cities, counties, state agencies, and law enforcement organizations insight into resident experiences.
AI & Machine LearningGovTechSaaSChicago, US
Gary Filipp(Director, Executive Officer)Christopher Lawrence(Director)Collin Taylor(Director)
Co-investorsi3 PartnersM12 (Microsoft's Venture Fund)TLV PartnersCanaan Partners IsraelSalesforce VenturesVertex Ventures
Zepto operates a network of micro-warehouses across Indian cities to provide rapid grocery delivery to consumers.
ConsumerFoodTechMH, IN
Aadit Palicha(Founder)inKaivalya Vohra(Founder)in
Co-investorsAvenir Growth CapitalBreyer CapitalContraryGeneral CatalystGoodwater CapitalLiquidity Capital+6 more
Exits · 3
IPOs and acquisitions across the tracked portfolioStandard NuclearNYSE: STDNUS NuclearOTC: UCLExAIacq. by SpaceX
Portfolio news
latest coverage across their companiesAuradine · techcompanynews.com · Aug 20, 2026
Standard Nuclear · valueaddvc.com · Aug 3, 2026

Zepto · voice.lapaas.com · Jul 18, 2026

xAI · readsludge.com · Jul 17, 2026

Overland Ai · thedefensepost.com · Jul 17, 2026

Infinite · restaurantdive.com · Jul 16, 2026
Revefi · natlawreview.com · Jul 16, 2026

iubenda · cityam.com · Jul 2, 2026
Fund performance · per public LP disclosures · 21
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| StepStone Capital Partners V, L.P.LPs: San Diego City Employees' Retirement System | 2022 | — | 23.1% | 1.43x | 0.04x |
| Stepstone VC Global Partners XLPs: Teachers' Retirement System of Oklahoma | 2021 | — | — | 1.09x | 1.09x |
| StepStone Tactical Growth Fund III, L.P.LPs: San Diego City Employees' Retirement System | 2020 | — | 10.3% | 1.33x | 0.30x |
| StepStone Capital Partners IV, L.P.LPs: San Diego City Employees' Retirement System | 2018 | — | 17.0% | 2.06x | 0.69x |
| StepStone Tactical Growth Fund II, L.P.LPs: San Diego City Employees' Retirement System | 2017 | — | 28.2% | 2.88x | 1.54x |
| StepStone Secondary Opportunities IIILPs: Los Angeles City Employees' Retirement System | 2016 | — | 11.5% | 1.54x | 1.03x |
| StepStone Capital Partners III, L.P.LPs: San Diego City Employees' Retirement System | 2014 | — | 16.3% | 1.89x | 1.54x |
| StepStone Tactical Growth Fund, L.P.LPs: San Diego City Employees' Retirement System | 2013 | — | 18.5% | 2.57x | 2.10x |
| Stepstone Secondary Opportunities Fund IILPs: Tulare County Employees' Retirement Association | 2012 | — | 9.1% | 1.80x | 0.02x |
| StepStone International Investors III L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2006 | — | -3.7% | 0.83x | 0.82x |
| StepStone International Investors III L.P. Private EquityLPs: Pennsylvania Public School Employees' Retirement System | 2006 | — | — | 0.80x | 0.83x |
| StepStone Pioneer Capital EuropeLPs: North Carolina Retirement Systems | 2006 | — | 6.5% | 1.44x | 1.42x |
| StepStone Pioneer Capital IILPs: Connecticut Retirement Plans and Trust Funds, North Carolina Retirement Systems, Los Angeles City Employees' Retirement System | 2006 | — | 9.1% | 2.25x | 1.00x |
| StepStone SYNLPs: North Carolina Retirement Systems | 2006 | — | 0.7% | — | — |
| StepStone Pioneer Capital ILPs: North Carolina Retirement Systems, Connecticut Retirement Plans and Trust Funds, Los Angeles City Employees' Retirement System | 2004 | — | 5.1% | 1.30x | 1.31x |
| Stepstone Cc Opportunities Fund Llc Series ALPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.24x | 0.53x |
| Stepstone Cc Opportunities Fund Llc Series BLPs: Contra Costa County Employees' Retirement Association | — | — | — | 2.10x | 0.27x |
| Stepstone Cc Opportunities Fund Llc Series CLPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.68x | 0.63x |
| Stepstone Cc Opportunities Fund Llc Series DLPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.66x | 0.47x |
| Stepstone Cc Opportunities Fund Llc Series ELPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.47x | 0.01x |
| Stepstone Cc Opportunities Fund Llc Series FLPs: Contra Costa County Employees' Retirement Association | — | — | — | 0.96x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Stepstone Group invest at?
- Stepstone Group invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Stepstone Group focus on?
- Stepstone Group focuses on Crypto & Web3, Fintech, PropTech, Sector Agnostic.
- Where is Stepstone Group located?
- Stepstone Group is headquartered in Charlotte, US.
- Does Stepstone Group lead rounds?
- Yes, Stepstone Group leads investment rounds.
- Who does Stepstone Group co-invest with?
- Stepstone Group most often shares deals with 83North, Glilot Capital Partners, In-Q-Tel, among 9 tracked co-investors.
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