# StepStone: portfolio, investments and team

> StepStone is a private equity based in United States. 6 investments on record, 3 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/stepstone (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# StepStone

Last cheque observed Sep 2026; 6 cheques on record.

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Deploying now New fund $1.8B, Oct 2026 Private equity

Series A Series C Series D Employment Human Resources Internet

Follow StepStone and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fstepstone)

Deploying now

**100%** of best year **3** **cheques in 12 months**, 6 on record

Since the last cheque **53** days **00** hrs **00** min **00** sec

Median round **$208M** Rounds led **0 of 6** Mostly in **United States, 83%**

Pitch StepStone

## StepStone highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Series C: 40% of its rounds

## What they do

> Filed 2 private fund offerings with the SEC, the most recent in 2024-04 From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Employment Human Resources Internet
- **Based in:** Düsseldorf, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2026** 3 rounds
- **Sept** **[Clay](https://millionrounds.com/company/clay)** Series D · US · BetaKit **$115M** With 8 others
- **Aug** **[Voya Energy](https://millionrounds.com/company/voya-energy)** Series A · US · Ventureburn **$35M** With 6 others
- **Jul** **[Helsing](https://millionrounds.com/company/helsing)** Series E · DE · TechStartups **$1.8B** With 12 others
- **2025** 2 rounds
- **Sept** **[Vercel](https://millionrounds.com/company/vercel)** Series F · US · TechStartups **$300M** With 8 others
- **Jan** **[KoBold Metals](https://millionrounds.com/company/kobold-metals)** Series C · US · TechCrunch **$537M** With 11 others
- **2017** 1 round
- **Jul** **[Rover](https://millionrounds.com/company/rover)** US · FinSMEs **$65M** With 6 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 **24 named**

AN **Adair Newhall** Partner of StepStone. i Filing they signed

AJ **Adam Johnston** Executive Officer i Filing they signed

AA **Andrew Ashton Callahan** Partner of StepStone. i Filing they signed

AG **Anthony Giambrone** Partner of StepStone. i Filing they signed

AJ **Ariel J. Goldblatt** Director i Filing they signed

BE **Bendukai Eh Bouey** Executive Officer i Filing they signed

BD **Bernard De Backer** Executive Officer i Filing they signed

BJ **Birute Jean-Marc Straynite** Executive Officer of General Partner i Filing they signed

BS **Birute Strainyte** Executive officer i Filing they signed

BM **Brendan MacDonald** of the Issuer's General Partner i Filing they signed

BA **Brian Ashton Borton** Partner of StepStone. i Filing they signed

CA **C. Ashton Newhall** Partner of StepStone. i Filing they signed

CJ **Cameron J. Vail** Managing Director of the General Partner, SALI Fund Partners, LLC i Filing they signed

CJ **Chris J. Park** Treasurer i Filing they signed

CH **Christian Hinze** Manager of the Board of Managers of the General Partner i Filing they signed

CJ **Christophe Jean-Marc Arnould** Executive Officer of General Partner i Filing they signed

CJ **Christopher Jean-Marc Georgeson** Executive Officer of General Partner i Filing they signed

DI **Darren I. Friedman** Partner of the Issuer?s General Partner i Filing they signed

DA **David Ashton Park** Partner and Chief Financial Officer of StepStone. i Filing they signed

DB **David Beamish** Executive Officer i Filing they signed

DH **David H. Rowe** Executive Officer, Promoter i Filing they signed

DI **David I. Jeffrey** of the Issuer's General Partner i Filing they signed

DC **Dean Caruvana** Corporate Secretary i Filing they signed

DK **Denitza Kadinova** Executive Officer i Filing they signed

We also hold **109** 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

**2+** funds on file numbered funds in its name

Funds they back

## 2 fund commitments on record

- **Managers:** 2

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Aquiline Capital Partners 1 fund](https://millionrounds.com/fund/aquiline-capital-partners)
- [Energy Capital Partners 1 fund](https://millionrounds.com/fund/energy-capital-partners)

Most recent commitments

- [Aquiline Capital Partners LP Aquiline Financial Services Fund V L.P.](https://millionrounds.com/fund/aquiline-capital-partners)
- [Energy Capital Partners continuation vehicle](https://millionrounds.com/fund/energy-capital-partners)

New fund on file

**$1.8B**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series C Series D

Median round joined **$208M** the round, not its cheque

Led 0 of 6 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A *1*
- Series C *1*
- Series D *1*
- Series E *1*
- Series F *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Accel](https://millionrounds.com/fund/accel) 2
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 2
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 2

**Pitching StepStone?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as StepStone. A count of rooms they were both in, not a relationship either has claimed.

[**Accel** VC firm **2** rounds together](https://millionrounds.com/fund/accel)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)

## Recently backed

The latest companies StepStone put money into.

[**Clay** $115M · Sept 2026](https://millionrounds.com/company/clay)[**Voya Energy** $35M · Aug 2026](https://millionrounds.com/company/voya-energy)[**Helsing** $1.8B · Jul 2026](https://millionrounds.com/company/helsing)[**Vercel** $300M · Sept 2025](https://millionrounds.com/company/vercel)[**KoBold Metals** $537M · Jan 2025](https://millionrounds.com/company/kobold-metals)[**Rover** $65M · Jul 2017](https://millionrounds.com/company/rover)

## Quick answers about StepStone

### What does StepStone invest in?

StepStone invests most often at Series A and Series C (40% of the rounds on record), in sectors such as Employment, Human Resources and Internet.

### How active is StepStone?

6 investments on record, 3 of them in the last 12 months. The most recent was in Sept 2026.

### What has StepStone invested in recently?

Its most recent investments on record: Clay (Series D, Sept 2026), Voya Energy (Series A, Aug 2026) and Helsing (Series E, Jul 2026).

### How big are StepStone's cheques?

The median round it joins is $208M.

### Does StepStone lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does StepStone invest?

Most of the companies it backs are in the United States (83%) and Germany (17%).

### Is StepStone investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does StepStone invest alongside?

Most often Accel (2 rounds together), Andreessen Horowitz (2 rounds together) and General Catalyst (2 rounds together).

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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) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=stepstone)
