StepStone Group is a global private markets investment firm that specializes in providing customized investment solutions for institutional clients. The company focuses on private equity, real estate, infrastructure, and private debt, offering advisory services and investment management to help clients navigate the complexities of private market investing. With a commitment to building long-term value, StepStone leverages its extensive industry knowledge, relationships, and data analytics to enhance investment performance and create tailored strategies that align with the specific goals of its clients. Through its comprehensive platform, the firm assists organizations in optimizing their portfolios and accessing a diverse range of investment opportunities across the globe. Read More
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments (“Guggenheim”) today announced the closing of an approximately $400 million vehicle that will invest in Guggenheim’s private debt strategy. The transaction was led by Allianz Global Investors (“AllianzGI”). A group of funds managed by StepStone Group (NASDAQ: STEP, “StepStone”) co-underwrote the transaction. This vehicle includes approximately $100 million of financing.
