Global private markets firm StepStone Group closed its StepStone Corporate Lending Fund II (SCL II) is at $1.3 billion, surpassing its original $1 billion target.
The new fund is set to invest in post-COVID 19 vintage, senior secured, first-lien performing corporate loans. The diverse portfolio will have exposure across geographies, managers and single loan positions. The fund is allowed to allocate to GPs with the strongest pipelines, officials said.
“The fund attracted a broad and diverse group of investors with support from existing investors and new investors to StepStone’s private debt . . .
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