NEW YORK - Thursday, May 12th 2016 [ME NewsWire]
(BUSINESS WIRE)-- StepStone Group LP (“StepStone”), a leading global private markets advisory and asset management firm, today announced that it has reached an agreement to add an established team of infrastructure investment specialists who have been advising leading global investment institutions for more than 10 years. The infrastructure and real assets team that established KPMG’s institutional investment advisory business in 2011 will be joining StepStone. This will increase StepStone’s infrastructure and real assets team to over 20 investment professionals globally, operating out of La Jolla, London, New York, Perth, Sydney, and Toronto.
In addition, James O’Leary, head of the KPMG team, will become the Head of StepStone Infrastructure & Real Assets. Prior to KPMG, Mr. O’Leary was Head of Colonial First State Global Asset Management’s real assets platform.
Monte Brem, Chief Executive Officer of StepStone, commented, “We are very excited to welcome the team from KPMG. This is an exceptionally experienced and deep group, which shares StepStone’s mission of providing investment solutions that are tailored for the specific needs of each institution. Building an exceptional infrastructure and real assets investment platform is a top priority for StepStone. The combination of James O’Leary’s team and the existing StepStone team greatly enhances our ability to provide the full scope of solutions that institutions are demanding to build their infrastructure and real assets investment portfolios.”
Mr. O’Leary said, “The business at KPMG was founded on the philosophy of working exclusively with leading institutions to support their global infrastructure and real assets investment strategies. In StepStone we have found a firm that, like ours, focuses on client-centric solutions. The combination of our team’s expertise and global institutional relationships and the strong infrastructure and real assets platform that already exists at StepStone will ensure that we can continue to provide institutions with market leading infrastructure and real assets investment solutions.”
Separately, StepStone also announced today that it will acquire Swiss Capital Alternative Investments AG (“Swiss Capital”), one of the leading private debt and hedge fund solutions providers in Europe. As part of the acquisition, StepStone will launch StepStone Private Debt and StepStone Hedge Funds, which will combine StepStone’s global capabilities and significant institutional client network with Swiss Capital’s deep expertise in private debt and hedge fund strategies. More information can be found at https://www.stepstoneglobal.com/PressReleases/PrivateDebt.pdf
StepStone is a global private markets firm overseeing over US$81 billion of private capital allocations, including approximately US$14 billion of assets under management. It has over 170 professionals across eleven offices in Beijing, Hong Kong, La Jolla, London, New York, Perth, San Francisco, São Paulo, Seoul, Sydney, and Tokyo.
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