Private equity firm StepStone said Tuesday that it has expanded its team with three new hires in its real assets platform. David Altshuler and Brenden Woods have been named partners and co-heads of real assets. The company has also hired Kate Budiselik as a vice president. Previously, Altshuler worked at Meketa Investment Group while both Woods and Budiselik were at Macquarie Group.
New York, January 7, 2014– StepStone Group LP (“StepStone”), a leading global private markets firm, today announced the appointment of David Altshuler, Brenden Woods and Kate Budiselik as senior executives in its real assets platform. StepStone’s real assets platform focuses on building top performing global real assets portfolios for leading institutional investors through a combination of fund investments, secondaries and co-investments. Mr. Altshuler and Mr. Woods are Partners and Co-Heads of Real Assets, and Ms. Budiselik is a Vice President.
“We are excited to build upon our already strong capabilities and track record in real assets with the addition of this highly experienced team,” commented Monte Brem, Chief Executive Officer of StepStone. “Real asset classes such as infrastructure and other resources-related sectors are increasingly important components of the global private markets investment landscape, and these are areas in which StepStone is committed to providing deep expertise and high quality solutions for its clients. The addition of David, Brenden and Kate furthers that commitment, and the StepStone team is proud to welcome them.”
Mr. Altshuler joins StepStone from Meketa Investment Group (Meketa), where he was Senior Vice President and Infrastructure Practice Leader. In this role, he advised a diverse group of public and private pension plans on all aspects of private market infrastructure, energy, and other real asset investments, including sourcing and evaluation of funds, co-investments, and direct investments, and policy and program design and implementation. Prior to joining Meketa, Mr. Altshuler held senior investment positions in the infrastructure financing and fixed income groups at Nuveen Investments in Chicago. He holds an MA and PhD from the University of Chicago and a BA from Reed College.
Mr. Woods joins StepStone from Macquarie Group, where he was Head of Real Assets for Macquarie Investment Management’s private markets division and a member of the Infrastructure Investment Committee and the Senior Partners Committee. Prior to that, Mr. Woods was the Chief Operating Officer (Asia) for Macquarie Infrastructure and Real Assets. He joined Macquarie in 2006 and during his tenure he held senior positions in Australia, Asia, Europe and the United States. He has also held infrastructure industry roles with British Gas and Anglian Water in the United Kingdom, as well as advisory and consulting positions with Ernst & Young and Arthur Andersen. Mr. Woods holds a Bachelor of Financial Administration from the University of New England in Australia.
Ms. Budiselik joins StepStone from Macquarie Group, where she was a Vice President focused on real assets in Macquarie Investment Management’s private markets division. Prior to joining Macquarie, she was responsible for formulating and managing infrastructure, real estate and private equity strategies for Western Australia’s Government Employees Superannuation Board. Ms. Budiselik has also worked for leading global organizations in Europe and Asia, including Citigroup and Macquarie Global Property Advisers. She holds a Bachelor of Economics from the University of Western Australia and a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia.
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.