# StepStone Group: portfolio, investments and team > StepStone Group is a fund of funds based in United States. 111 investments on record, 36 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/stepstone-group (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # StepStone Group Last cheque observed Sep 2026; 111 cheques on record. Email Deploying now New fund $126M, Sept 2026 Fund of funds Seed Series A Financial Services Follow StepStone Group and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fstepstone-group) Deploying now **88%** of best year **36** **cheques in 12 months**, 111 on record Since the last cheque **32** days **00** hrs **00** min **00** sec Median round **$60M** Rounds led **5 of 111** Sole investor **3 rounds** Mostly in **United States, 87%** Pitch StepStone Group ## StepStone Group highlights - 01 36 cheques in the last 12 months - 02 Mostly Series C and Series B: 54% of its rounds - 03 Sole investor in 3 rounds, median $67M ## What they do > Filed 1 private fund offerings with the SEC, the most recent in 2025-03 From their own website - **Type:** Fund of funds (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A - **Sectors:** Financial Services - **Based in:** New York, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **111 appearances** - **2026** 28 rounds - **Sept** **[SiMa.ai](https://millionrounds.com/company/sima-ai)** Series C · US · Tech Funding News **$150M** With 12 others - **Sept** **[Fab2](https://millionrounds.com/company/fab2)** Series A · US **$500M** With 2 others - **Sept** **[Zanskar](https://millionrounds.com/company/zanskar)** Grant · US **$40M** With 4 others - **Aug** **[Velaura AI](https://millionrounds.com/company/velaura-ai)** Series A · US · TechStartups **$110M** With 8 others - **Jul** **[Antora Energy](https://millionrounds.com/company/antora-energy)** Series C · US · Crunchbase News **$550M** With 14 others - **Jul** **[ThreatLocker](https://millionrounds.com/company/threatlocker)** Growth · US · TechStartups **$190M** With 5 others - **Jun** **[Upscale AI](https://millionrounds.com/company/upscale-ai)** Series A · US · TechStartups **$190M** With 9 others - **Jun** **[EDGE Markets](https://millionrounds.com/company/edge-markets)** Series A · US · Ventureburn **$29M** With 4 others - **May** **Airis Labs** Series B · IL · Ventureburn **$31M** With 4 others - **May** **[Multiverse](https://millionrounds.com/company/multiverse)** Series E · GB · Ventureburn **$70M** With 6 others - **May** **[Kodiak Robotics](https://millionrounds.com/company/kodiak-robotics)** US **$100M** With 4 others - **Apr** **[AcuityMD](https://millionrounds.com/company/acuitymd)** Series C · US · Ventureburn **$80M** *Led* - **Apr** **[NeuBird AI](https://millionrounds.com/company/neubird-ai)** Series A · US · Ventureburn **$19M** With 5 others - **Apr** **[Moonbounce](https://millionrounds.com/company/moonbounce)** Seed · Ventureburn **$12M** *Led* - **Apr** **[Mosyle](https://millionrounds.com/company/mosyle)** Venture · US **$100M** With 3 others - **Mar** **[Frore Systems](https://millionrounds.com/company/frore-systems)** Series D · US · TechStartups **$143M** With 9 others - **Mar** **[Lyka](https://millionrounds.com/company/lyka)** Series C · AU · Shearwater Capital **$47M** With 7 others - **Mar** **[OnKure Therapeutics](https://millionrounds.com/company/onkure-therapeutics)** US **$150M** With 4 others - **Mar** **[Sift](https://millionrounds.com/company/sift)** Series B · US **$42M** With 2 others - **Mar** **[Lyka Pet Food](https://millionrounds.com/company/lyka-pet-food)** Series C · AU **$67M** Sole investor - **Feb** **[Kasada](https://millionrounds.com/company/kasada)** Ventureburn **$20M** With 6 others - **Feb** **[Night](https://millionrounds.com/company/night)** Growth · US · Firms' own news pages **$70M** With 5 others - **Feb** **[Overland AI](https://millionrounds.com/company/overland-ai)** Series B · US **$80M** With 3 others - **Jan** **[Standard Nuclear](https://millionrounds.com/company/standard-nuclear)** Series A · US · TechCrunch **$140M** With 8 others - **Jan** **[Northwood Space](https://millionrounds.com/company/northwood-space)** Series B · US · Alpine Space Ventures **$100M** With 9 others - **Jan** **[Tebra](https://millionrounds.com/company/tebra)** Growth · US · TechStartups **$250M** With 6 others - **Jan** **[Upscale AI](https://millionrounds.com/company/upscale-ai)** Series A · US **$200M** With 3 others - **Jan** **[Zanskar](https://millionrounds.com/company/zanskar)** Series C · US **$115M** With 4 others - **2025** 35 rounds - **Dec** **[Kasada](https://millionrounds.com/company/kasada)** AU · Startup Daily **$20M** With 6 others - **Dec** **[Tenon](https://millionrounds.com/company/tenon)** Venture · US **$4.0M** With 1 other - **Nov** **[Scribe](https://millionrounds.com/company/scribe)** Series C · US · TechCrunch **$75M** *Led* - **Nov** **[KoBold Metals](https://millionrounds.com/company/kobold-metals)** Venture · US **$163M** With 3 others - **Nov** **[Federato](https://millionrounds.com/company/federato)** Series D · US **$100M** With 4 others - **Nov** **[Exowatt](https://millionrounds.com/company/exowatt)** Series A · US **$50M** With 4 others - **Nov** **[KoBold Metals](https://millionrounds.com/company/kobold-metals)** Series C · US **$280M** With 3 others - **Nov** **[Sidewalk Infrastructure Partners](https://millionrounds.com/company/sidewalk-infrastructure-partners)** Venture · US **$200M** Sole investor - **Oct** **[Epirus](https://millionrounds.com/company/epirus)** Venture · US **Undisclosed** With 4 others - **Oct** **[NeuBird](https://millionrounds.com/company/neubird)** Grant · US **$1.0M** With 2 others - **Oct** **[Seneca](https://millionrounds.com/company/seneca)** Series A · US **$60M** With 4 others - **Sept** **[Filevine](https://millionrounds.com/company/filevine)** Series E · US · Crunchbase News **$400M** With 5 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **15 named** AL **Adam Lesnick** Deputy General Counsel, Real Estate for the Top GP i Filing they signed BM **Brendan MacDonald** Executive Officer i Filing they signed DP **David Park** Partner of StepStone. i Filing they signed JM **Jason Ment** Partner of StepStone. i Filing they signed JG **Jeff Giller** Executive Officer i Filing they signed JW **John Waters** Executive Officer i Filing they signed JF **Jose Fernandez** Partner of StepStone. i Filing they signed JC **Josh Cleveland** Executive Officer i Filing they signed JC **Joshua Cleveland** Executive Officer i Filing they signed KM **Kirsty McGuire** General Counsel i Filing they signed MT **Mark T. Maruszewski** Partner of StepStone. i Filing they signed ML **Matthew Lambert** Deputy General Counsel i Filing they signed MI **Michael I. McCabe** Partner of StepStone. i Filing they signed TA **Thomas A. Bradley** Partner of StepStone. i Filing they signed TK **Tom Keck** Partner of StepStone. i Filing they signed We also hold **52** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$17B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Stepstone Group REAL Estate LP - **SEC number:** CRD 281698 New fund on file **$126M** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Median round joined **$60M** the round, not its cheque Alone, median **$67M** Led 5 of 111 rounds **5%** - **Sole investor:** 3 rounds - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series C *25* - Series B *24* - Series A said *19* - Venture *8* - Growth *8* - Series D *6* - Seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Mayfield Fund](https://millionrounds.com/fund/mayfield) 12 - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 8 - [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) 6 - [Redpoint](https://millionrounds.com/fund/redpoint) 6 - [Bond](https://millionrounds.com/fund/bond) 5 - [Fidelity](https://millionrounds.com/fund/fidelity) 5 **Pitching StepStone Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as StepStone Group. A count of rooms they were both in, not a relationship either has claimed. [**Mayfield Fund** VC firm **12** rounds together](https://millionrounds.com/fund/mayfield)[**Andreessen Horowitz** VC firm **8** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Insight Partners** VC firm **6** rounds together](https://millionrounds.com/fund/insight-venture-partners)[**Redpoint** VC firm **6** rounds together](https://millionrounds.com/fund/redpoint)[**Bond** Growth equity **5** rounds together](https://millionrounds.com/fund/bond)[**Fidelity** VC firm **5** rounds together](https://millionrounds.com/fund/fidelity)[**Fika Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/fika-ventures)[**Founders Fund** VC firm **5** rounds together](https://millionrounds.com/fund/founders-fund)[**Prosperity7 Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/prosperity7-ventures)[**Ten Eleven Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/ten-eleven-ventures)[**Tiger Global Management** VC firm **5** rounds together](https://millionrounds.com/fund/tiger-global-management)[**Accel** VC firm **4** rounds together](https://millionrounds.com/fund/accel) ## Recently backed The latest companies StepStone Group put money into. [**SiMa.ai** $150M · Sept 2026](https://millionrounds.com/company/sima-ai)[**Fab2** $500M · Sept 2026](https://millionrounds.com/company/fab2)[**Zanskar** $40M · Sept 2026](https://millionrounds.com/company/zanskar)[**Velaura AI** $110M · Aug 2026](https://millionrounds.com/company/velaura-ai)[**Antora Energy** $550M · Jul 2026](https://millionrounds.com/company/antora-energy)[**ThreatLocker** $190M · Jul 2026](https://millionrounds.com/company/threatlocker) ## On podcasts 1 episode naming StepStone Group in the title, and 4 more that mention it. - [VC10X](https://millionrounds.com/podcasts/vc10x) 29 Apr 2025 · 45 min LP10X - How to build the next Sequoia? - Hunter Somerville, Partner, StepStone Group ($150BN AUM) With [Hunter Somerville](https://millionrounds.com/person/hunter-somerville) Mentions [StepStone Group](https://millionrounds.com/fund/stepstone-group) Apple PodcastsShow page ### Mentioned in - [TBPN](https://millionrounds.com/podcasts/tbpn) 5 Sept 2026 · 2h 20m Jobs Boom, Astra Reactions, Cybercab Roll Out, The Dyson Debate | Hunter Somerville, Bar Winkler, Bridgit Mendler, Carina Hong & Ken Ono Apple PodcastsShow page - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 7 Nov 2024 · 58 min What's Your Edge?: StepStone Private Wealth's Bob Long Apple PodcastsShow page - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 15 Mar 2023 · 22 min Infrastructure’s Boldest Investor: SIP’s Jonathan Winer Apple PodcastsShow page - [Reflections on Private Markets](https://millionrounds.com/podcasts/rpm-stepstone) 16 Oct 2020 · 1 min Trailer Apple PodcastsShow page ## Quick answers about StepStone Group ### What does StepStone Group invest in? StepStone Group invests most often at Series C and Series B (54% of the rounds on record), in sectors such as Financial Services. ### How active is StepStone Group? 111 investments on record, 36 of them in the last 12 months, and it led 5. The most recent was in Sept 2026. ### What has StepStone Group invested in recently? Its most recent investments on record: SiMa.ai (Series C, Sept 2026), Fab2 (Series A, Sept 2026) and Zanskar (Grant, Sept 2026). ### How big are StepStone Group's cheques? The median round it joins is $60M. ### Does StepStone Group lead rounds? Sometimes: it led 5 of its 111 investments on record (5%). ### Where does StepStone Group invest? Most of the companies it backs are in the United States (87%) and Australia (8%). ### Is StepStone Group investing now? Yes: it is actively investing, with 36 investments in the last 12 months. ### Who does StepStone Group invest alongside? Most often Mayfield Fund (12 rounds together), Andreessen Horowitz (8 rounds together) and Insight Partners (6 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=stepstone-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=stepstone-group)