StepStone Group, a global private markets investment firm, has held the final closing of StepStone Senior Corporate Lending II (SCL II), raising $1.3 billion of commitments, surpassing its target of $1 billion.
Through SCL II, StepStone seeks to invest in post-Covid-19 vintage, senior secured, first-lien performing corporate loans. The portfolio will be diversified across geographies, managers, and single loan positions. Flexible allocations allow the Fund to allocate to GPs with the strongest pipelines.
The Fund attracted a broad and diverse group of investors with support from existing investors and new investors to StepStone’s private debt platform.
SCL II benefits from StepStone’s private debt platform, which provides efficient access to a global pool of GPs and enables the Fund to ramp up quickly and pickup yield through opportunistic investments.
