{"id":95577,"date":"2026-08-27T06:14:43","date_gmt":"2026-08-27T10:14:43","guid":{"rendered":"https:\/\/hedgeco.net\/news\/08\/2026\/stepstone-closed-1-7-billion-for-its-first-infrastructure-secondaries-book.html"},"modified":"2026-08-27T06:14:43","modified_gmt":"2026-08-27T10:14:43","slug":"stepstone-closed-1-7-billion-for-its-first-infrastructure-secondaries-book","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2026\/stepstone-closed-1-7-billion-for-its-first-infrastructure-secondaries-book.html","title":{"rendered":"StepStone Closed $1.7 Billion for Its First Infrastructure Secondaries Book:"},"content":{"rendered":"

\"StepStone<\/p>\n

HedgeCo.Net \u2014 StepStone Group said Wednesday it had closed $1.7 billion of commitments for StepStone Secondaries Infrastructure Fund, or SSIF, and related separate accounts. The GlobeNewswire announcement, carried by Markets Insider and Finviz, is the primary. Seeking Alpha independently headlined the same $1.7 billion infrastructure-secondaries close.<\/p>\n

SSIF is the firm\u2019s first closed-end commingled fund dedicated to infrastructure secondaries. The commingled vehicle itself closed at $1.5 billion, above target and at the hard cap, the company said. The remaining capital sits in related separate accounts. The strategy buys limited-partner interests in infrastructure funds and invests in GP-led secondary funds run by third-party infrastructure sponsors.<\/p>\n

As of August 2026 the fund is about 50% deployed across 26 closed LP-interest and GP-led deals, many in the middle market, StepStone said. James O\u2019Leary, partner and head of StepStone Infrastructure & Real Assets, called secondaries a relationship business. The platform deploys an average of $13 billion a year across primary funds, secondaries, and co-investments over the past three years, the firm said. That $13 billion is a three-year average, not this close.<\/p>\n

StepStone was responsible for about $913 billion of total capital, including $245 billion of assets under management, as of June 30, 2026. Do not recast firm-level capital as SSIF. Latham & Watkins advised on the fund\u2019s formation.<\/p>\n

The allocator point is a hard-capped $1.5 billion commingled book that is already half invested, plus SMAs that take the print to $1.7 billion. Anyone still waiting for a first close is a vintage behind. This is a final close, not a target.<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net \u2014 StepStone Group said Wednesday it had closed $1.7 billion of commitments for StepStone Secondaries Infrastructure Fund, or SSIF, and related separate accounts. The Gl\u2026 Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":95576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[19185,8239,19186,18591],"class_list":["post-95577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-equity","tag-infrastructure-secondaries","tag-private-markets","tag-ssif","tag-stepstone"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=95577"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/95576"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=95577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=95577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=95577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}