Private equity firm StepStone said Monday that it has hired Michael A. Elio as a partner. His appointment becomes effective January 21, 2014. Previously, Elio worked at Institutional Limited Partners Association where he served as a managing director.
New York and San Diego –January 13, 2014 – StepStone Group LP (“StepStone”), a leading global private markets firm, today announced it has named Michael A. Elio a Partner of the firm, effective January 21, 2014. Mr. Elio will be based in StepStone’s New York office and will focus on portfolio management for StepStone’s institutional clients.
Prior to joining StepStone, Mr. Elio, 45, was a Managing Director at the Institutional Limited Partners Association (ILPA), where he led ILPA’s programs around research, standards and industry strategic priorities. Previously, he was a Partner and Managing Director at LP Capital Advisors and led the firm’s Boston office, where he served as the lead consultant to North American and European institutional investors. Mr. Elio served as the primary consultant for many of the firm’s largest clients, including public and private pension plans committing in excess of $5 billion annually.
“We are delighted to welcome Mike as a Partner in our firm,” said Monte Brem, Chief Executive Officer of StepStone. “StepStone is committed to providing superior private equity advisory services. A key component of doing the advisory business well is having sufficient senior professionals with extensive client management experience and service capacity. Mike is a proven leader in this area, and will be an invaluable addition to our team and asset to our clients.”
StepStone is a leading private markets firm that oversees more than US$55 billion of private capital allocations, including approximately US$10 billion of assets under management. It is a global firm with offices in New York, London, Beijing, San Diego, and Hong Kong. StepStone creates customized and targeted portfolios for the world’s most sophisticated investors using a highly disciplined research-focused approach that integrates fund, secondary, mezzanine and co-investments. StepStone leverages its unique global platform to optimize exposure to top performing investment strategies, geographies and managers. For more information about the firm, its philosophy and services, please visit www.stepstoneglobal.com.
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