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StepStone Group acquires SilverBrook Private Equity

StepStone Group has acquired SilverBrook Private Equity.

As part of the acquisition, Thomas Bradley, Mark Maruszewski, and Michael McCabe, the SilverBrook partners, will join StepStone as managing directors to be based in its New York City office.

The addition of Bradley, Maruszewski and McCabe will grow StepStone’s leadership team, expand its East Coast US presence, and enhance the firm’s investment and transaction sourcing capabilities.

Bradley, Maruszewski, and McCabe had recently formed SilverBrook Private Equity, a secondary fund investment and private equity advisory platform.

“We were in the process of building a very similar platform to that of StepStone,” says Maruszewski. “As discussions developed, it became clear that we had the same views on management and firm culture, so the best thing for both firms was to build it together. StepStone provides its investors with unique advantages – its independent, its partner-owned, and it has market leading global research capabilities in fund investment, co-investment and secondaries. Combining efforts will allow us to greatly accelerate our joint objectives.”

"The addition of Tom, Mark and Mike materially expands the successful secondary program and track record we have established,” says James Gamett, managing director of StepStone. “Having worked closely with them on a variety of deals over the past several years, we know they share a similar investment philosophy, have demonstrated a strict investment discipline and have unique access and relationships."

In combination with the recent addition of investment professionals from its acquisition of Citigroup Private Equity, the addition of the SilverBrook team completes StepStone’s stated goal of balancing the firm’s US presence between the East and the West coasts.

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