StepStone closes Swiss Capital acquisition

StepStone Group LP has completed its previously announced acquisition of Swiss Capital Alternative Investments AG, a European private debt and hedge fund solutions provider. No financial terms were disclosed.


NEW YORK–(BUSINESS WIRE)–StepStone Group LP (“StepStone”) today announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG (“Swiss Capital”), one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory approvals since then.

As part of this transaction, StepStone has launched StepStone Private Debt and StepStone Hedge Funds, which combines the Firm’s existing global private markets capabilities and significant institutional client network with Swiss Capital’s deep expertise in the private debt and hedge fund strategies. This enhanced platform aims to deliver superior risk-adjusted returns through highly customized portfolios.

Monte Brem, Chief Executive Officer of StepStone, said, “Institutions increasingly need to look beyond traditional asset class allocations as they face overexposure to maturing bonds and low global yields. The continued expansion of our capabilities in private debt and hedge funds provides replacement and diversification options for our clients’ investment portfolios and an important tool to help them meet their risk, return and liquidity criteria.”

The combined platform will expand StepStone’s local European presence to approximately 90 professionals across three offices. Swiss Capital’s management team will continue to lead the private debt and hedge fund teams and is responsible for the management of these two businesses.

Marcel Schindler, Chief Executive Officer of StepStone Private Debt and StepStone Hedge Funds, commented, “Our combined organization’s deep coverage of private equity, real estate, infrastructure and real assets, private debt and hedge funds enables us to provide strategic asset allocation guidance across all private markets.”

About Swiss Capital
Swiss Capital, founded in 1998, is an international alternative asset manager with more than US$6.5 billion of assets, offering customized solutions across a variety of platforms to institutional investors, primarily in Switzerland, Germany and Austria.

About StepStone
The combined organization is a global private markets firm overseeing over US$100 billion of private capital allocations, including approximately US$28 billion of assets under management. It has over 250 professionals across fourteen offices in Beijing, Dublin, Hong Kong, La Jolla, London, New York, Perth, San Francisco, Sao Paulo, Seoul, Sydney, Tokyo, Toronto and Zurich.