StepStone elevates secondaries exec to partner in latest promotion round

Global private markets investment firm StepStone Group has made a number of promotions within the firm, including eight to partner and 18 to managing director.

The promotions spanned roles including private equity, private debt, venture capital and private wealth.

Matthew Roche, who joined StepStone in 2013 and is based in New York, was named partner. He is a member of the private equity team, working across the firm’s private equity secondaries programme including in fundraising, sourcing, due diligence and portfolio management.

In addition to secondaries, Roche works on StepStone’s mid- and large-market buyouts sector team, for which he is responsible for identifying primary investment opportunities, leading GP relationships and completing investment diligence.

StepStone has at least eight secondaries vehicles in market, according to Secondaries Investor data. They include StepStone Secondary Opportunities Fund V, StepStone Secondaries Infrastructure Fund Europe, StepStone Real Estate Partners V and StepStone Private Equity Secondary Opportunities.

The firm was responsible for $659 billion of total capital, including $146 billion of assets under management, as of 30 September.