NEW YORK, April  23, 2026  (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm, today announced the final closing of StepStone Credit Opportunities Fund II (&#34;SCOF II&#34; or the

STEP

StepStone Group Closes Second Credit Opportunities Fund

StepStone Group Secures $1.58 Billion for New Credit Opportunities Fund

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    <h3>Information</h3>
    <p>NEW YORK, April  23, 2026  (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm, today announced the final closing of StepStone Credit Opportunities Fund II (&amp;#34;SCOF II&amp;#34; or the</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>StepStone Group Inc. successfully closed its Credit Opportunities Fund II with over $1.58 billion in commitments, well surpassing its $750 million target. This strong demand reflects confidence in StepStone&#039;s ability to navigate market volatility and capitalize on diverse credit opportunities, potentially enhancing returns for investors.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>StepStone closed SCOF II with $1.58 billion in commitments.</li><li>The Fund exceeds its $750 million target, indicating strong market demand.</li><li>SCOF II targets diverse credit opportunities, enhancing investor confidence.</li><li>StepStone&#039;s global scale supports dynamic capital deployment and sourcing.</li><li>The Fund is designed for attractive risk-adjusted returns in uncertain markets.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Dechert LLP</strong>: Advised on the formation of SCOF II, reflecting regulatory engagement.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>This announcement falls under &#039;Corporate Developments&#039; as it highlights a significant fund closing, which could substantially impact StepStone&#039;s operational capacity and market perception. The successful raise and flexible strategy may enhance investor interest and confidence in the firm&#039;s future performance.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>SCOF II&#039;s $1.58 billion closing may boost investor sentiment in STEP.</li><li>StepStone&#039;s successful fundraise indicates strong market demand for credit assets.</li><li>Dynamic capital deployment strategies could enhance STEP&#039;s growth prospects.</li><li>Navigating market volatility successfully may attract new clients to STEP.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>SCOF II closed with $1.58 billion in commitments as of March 31, 2026.</li><li>StepStone&#039;s prior fund focused on private credit strategies and secondaries.</li><li>Total capital managed by StepStone is approximately $811 billion as of December 31, 2025.</li><li>StepStone manages $220 billion of assets, demonstrating significant market presence.</li><li>Strong interest in flexible credit strategies reflects investor confidence and demand.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider buying STEP shares ahead of potential gains from SCOF II&#039;s deployment.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, April  23, 2026  (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/STEP">STEP</a>), a global private markets investment firm, today announced the final closing of StepStone Credit Opportunities Fund II ("SCOF II" or the "Fund"), with over $1.58 billion in commitments, exceeding its target of $750 million. The Fund held its final close on March 31, 2026.</p>  <p>Through SCOF II, StepStone seeks to invest in various strategies across the private credit spectrum predominantly through secondaries and co-investment transactions. The investment strategy identifies attractive relative value through the credit cycle, addressing liquidity needs of companies, GPs, LPs and banks. Building on the strategy and experience of its predecessor fund, SCOF II is designed to provide investors with diversified exposure to compelling credit opportunities across multiple asset classes.</p>  <p>The Fund attracted a broad and diverse group of limited partners globally, reflecting strong investor demand for flexible credit strategies. It also reflects confidence in StepStone's private debt platform, in particular its access to data and GPs to support origination and underwriting. "We are very pleased with the successful closing of SCOF II and grateful for the continued support of both returning and new limited partners," said Marcel Schindler, Head of StepStone Private Debt. "In an environment characterized by general market and interest rate volatility, as well as periodic dislocations, we believe the opportunity set for credit investors remains attractive and elevated. SCOF II is well positioned to capitalize on these dynamics across multiple sectors and structures."</p>  <p>Owing to StepStone's global scale, deep relationships, and integrated private markets platform, SCOF II benefits from a robust and differentiated pipeline of investment opportunities. This has been further supported by the continued growth of the credit secondaries market. The Fund's flexible mandate, combined with StepStone's broad market coverage and the expertise of its approved managers, allows the team to deploy capital dynamically and selectively. The team can do so across a wide range of credit asset classes and situations.</p>  <p>"Our global sourcing capabilities, combined with our experience navigating multiple credit cycles, position SCOF II to identify differentiated opportunities and seek attractive risk-adjusted returns for our investors," said John Bohill, partner at StepStone Private Debt and SCOF II portfolio manager. "We believe this strategy further strengthens and builds the role private debt can play in client portfolios, particularly in periods of market uncertainty."</p>  <p>Dechert LLP advised on the formation of the fund.</p>  <p><strong>About StepStone Group</strong></p>  <p>StepStone Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/STEP">STEP</a>) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2025, StepStone was responsible for approximately $811 billion of total capital, including $220 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.</p>  <p><strong>Contacts</strong></p>  <p>Shareholder Relations:<br></br>Seth Weiss<br></br>shareholders@stepstonegroup.com<br></br>+1 (212) 351-6106</p>  <p>Media:<br></br>Brian Ruby / Chris Gillick / Matt Lettiero, ICR<br></br>StepStonePR@icrinc.com<br></br>+1 (203) 682-8268</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5NTMxOSM3NTUwNTQwIzIxOTQ1NDI="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OGU5NjE5MzItOGQ3OS00MDI3LWFhYWEtZjI1NzllMTlkYjQyLTEyMDYwOTUtMjAyNi0wNC0yMy1lbg==/tiny/StepStone-Group-Inc.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/eaaa85d7-3cef-4079-8b40-91ec6878e34e"><img src="https://ml.globenewswire.com/media/eaaa85d7-3cef-4079-8b40-91ec6878e34e/small/step-updated-logo-color-png.png" border="0" width="150" height="24" alt="Primary Logo"></img></a></p>

StepStone Group Inc. successfully closed its Credit Opportunities Fund II with over $1.58 billion in commitments, well surpassing its $750 million target. This strong demand reflects confidence in StepStone's ability to navigate market volatility and capitalize on diverse credit opportunities, potentially enhancing returns for investors.

StepStone Group Closes Second Credit Opportunities Fund

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Companies Mentioned

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