StepStone Group Opens New York Office

Johnny Randel has joined private equity advisory StepStone Group as chief financial officer and chief operating officer. He previously was with Citi Private Equity, and will work out of StepStone’s new office in New York  City.


StepStone Group LLC, a provider of customized private equity investment management and advisory services, today announced that it has opened an office in New York, NY at 410 Park Avenue, Suite 1710. StepStone Group also announced that Johnny Randel has joined the firm as Chief Financial Officer and Chief Operating Officer, effective immediately. He will be based in New York. StepStone Group works with institutional investors to build portfolios that include private equity fund investments, co-investments and secondary investments.

“This is an exciting time in the evolution of our firm, and it is an important time for private equity investors to be evaluating and possibly reconstituting their portfolios,” said Jose Fernandez, a Managing Director at StepStone. “New York has always been a key market for us, and our enhanced presence there will allow us to better serve the private equity community, particularly as LPs continue to invest in private equity partnerships or as they look to capitalize on discounts in the secondaries market. We expect our on-the-ground presence will help us source and evaluate investments for our clients in the primary, secondary and co-investment area.”

As CFO and COO, Mr. Randel will lead the firm’s Monitoring and Reporting division and oversee the firm’s financial activities and general administration.

“As our firm continues to grow, having people with experience and talent, like Johnny, will be invaluable. We are excited that he is on board and we welcome his contributions,” Mr. Fernandez concluded.

“I was attracted to StepStone’s entrepreneurial culture, record of success and commitment to best in-class talent and infrastructure,” said Mr. Randel. “I am proud to be a part of this distinguished team that is dedicated to exceptional client service.”

Mr. Randel, 44, joined StepStone from Citi Private Equity, a business unit of Citigroup managing private equity co-investment, fund of fund, and mezzanine products. He was responsible for managing financial and administrative activities and oversaw key control, audit, fiduciary, and compliance processes. Prior to that, Mr. Randel was Assistant Treasurer for Citigroup, managing the company’s relationships with rating agencies and fixed income investors. Mr. Randel received his BGS in Business from the University of Kansas and his MBA from the University of Southern California.

In addition to Mr. Randel, StepStone’s New York office will be staffed by Mr. Fernandez and Jim Gamett, Managing Director and Head of Secondary Investments, who each spend a majority of their time managing that office. Judy Kuan, an Associate with StepStone, is also based in New York, and the firm is currently conducting a search for a Vice President of Secondary Investments, who will also be based in New York.

About StepStone Group

Founded in 2006, StepStone Group LLC is an independent, employee-owned specialist firm focused exclusively on providing private equity asset management, consulting and advisory services. The firm has offices in La Jolla and New York.

StepStone provides investment services to institutional investors focused on achieving superior risk-adjusted private equity returns. StepStone has a proprietary research focused approach to optimizing exposure to top performing investment strategies, geographies and managers. This exposure is achieved through a unique approach combining fund investments, direct co-investments and secondary investments. StepStone’s large senior team of investment professionals allows the firm to work collaboratively with its clients to produce a customized portfolio based on each client’s specific needs.

For more information about the firm, its philosophy and services please visit