About This Fund
StepStone Group Inc. has closed its fourth Tactical Growth Fund, STGF IV, with $705 million in capital commitments. The fund drew investments from sovereign wealth funds, public pensions, superannuation funds, funds-of-funds, family offices, and private wealth platforms.
STGF IV partners with leading growth equity sponsors to back founder-led businesses in the technology and healthcare sectors. These companies typically operate outside the traditional VC ecosystem and are characterized by rapid topline growth, strong profit margins, capital efficiency, and low leverage.
The fund is managed by StepStone’s Venture Capital and Growth Equity Team, which deploys around $5.5 billion annually. STGF IV complements buyout and venture strategies by using a range of approaches such as direct co-investments, continuation vehicles, and secondary transactions.