1 year ago
The task superior limb of StepStone Group (STEP), a planetary backstage markets steadfast with $138 cardinal successful assets nether management, has raised a combined $96.54 cardinal for 2 versions of a blockchain-focused backstage equity fund, according to filings with the U.S. Securities and Exchange Commission. The beingness of the funds were revealed successful disclosures past June, but amendments released connected Tuesday revealed the income figures for the archetypal time.
The U.S.-based StepStone VC Blockchain I, L.P. has raised $71,225,000 from 100 investors since the archetypal merchantability occurred connected June 7, 2022. The Cayman Islands version of the money raised $25,315,000 implicit the aforesaid clip play from 41 investors.
StepStone VC joined StepStone Group done the Sept. 2021 acquisition of Greenspring Associates, a task superior and backstage equity level that had $18.9 cardinal successful assets nether absorption astatine the clip of the deal. StepStone VC present has more than 30 funds and the newest entrants are the archetypal to specifically person a crypto-related name.
StepStone Group declined to remark erstwhile contacted by CoinDesk astir the quality of the funds, which aren't the firm’s archetypal foray into crypto. StepStone Group was among the constricted partners who backed crypto-focused steadfast CoinFund’s $300 cardinal Web3 money announced past August.
Edited by Stephen Alpher.
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