Monte Brem Opening Stepstone’s Beijing Office

Monte Brem, founder and CEO of Stepstone Group, has relocated to Beijing to set up the private equity consulting firm’s first international office. The San Diego and New York-based firm plans to add a few professionals in Asia before eventually opening a European office.

Founded in 2006, Stepstone offers investment advice for direct private equity programs, co-investments and private equity secondary investing. Brem was previously President of Pacific Corporate Group. Chief Investment Officer Tom Keck and Managing Directors Jose Fernandez, Jay Rose, as well as VP Brey Jones, all hail from PCG as well.

A previous report from Private Equity Insider noted that Brem’s motivation for opening a China office is convenient for his personal life; Brem has plans to marry Li Yingru, the private equity director of China Investment, the publication reported. Stepstones’s relationship as an advisor to the sovereign wealth fund ended when Brem and Yingru’s personal relationship began.

Appearing on CNBC from China earlier this month, Brem discussed Stepstone’s focus on consumer-oriented businesses for its investments as the Chinese government shifts from an export-driven economic model toward a consumption-driven model. Here’s the video from March 11: