– StepStone Group Inc. announced the final closing of its StepStone Credit Opportunities Fund I (SCOF I), raising over $600 million in commitments
– The fund will invest in both liquid and illiquid credit at stressed, dislocated, distressed, and opportunistic entry points across multiple asset classes, industries, and geographies
– A globally diversified group of limited partners participated in the fund
– StepStone Private Debt Partner Meinrad Wyser noted that the current environment has created broad-based opportunities across sectors, supporting diversified exposure to private debt as a core strategy
– The firm expects a strong pipeline of transactions, including secondary deals and co-investment opportunities, supported by its global network and manager relationships
– The strategy leverages StepStone’s market coverage, approved manager expertise, and flexible capital deployment across credit situations to capture attractive valuations
– Head of StepStone Private Debt Marcel Schindler highlighted the firm’s global sourcing ability and multi-cycle credit experience as key advantages, positioning private debt as an expanding component of investor portfolios
