StepStone Group

Activity from announced rounds

Activity in this selectionMar 31, 2026 · Mar 1, 2026

StepStone Group is a private-markets investment manager whose venture and growth platform spans seed through growth equity, combining fund investments, direct investments and secondaries.

Its direct investment practice uses relationships with venture and growth fund managers, proprietary data and a global team to evaluate companies. This sits alongside its role as an investor in those managers’ funds.

The platform can participate in new company financings and in secondary transactions involving existing ownership. Founders should distinguish the capital needs of the business from shareholder liquidity when considering which part of StepStone’s investment model is relevant.

Sources
Rounds participated in
2
Confirmed lead rounds
—
2 roles undisclosed
New companies
2
First participation on record · 0 follow-on
Funding in participating rounds
$185M
2 disclosed · full round size, not this investor’s share

By stage

Series B1
Series C+1

By primary sector

Defense tech1
Hardware1

By country

United States2

Rounds

2 in this selection
Sift

Delivers AI data infrastructure for mission-critical machines across space, defense, and autonomy

$42MSeries B
Role not disclosed
Frore Systems

Develops advanced thermal cooling technologies for AI data centers and edge devices

$143MSeries D
Role not disclosed