Tracked deals
14
14 tracked deals across 2019-2026.
Private Equity Firm
Financial Services
StepStone Group
New York, New York, United States
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on customized investment solutions, advisory, and data services for institutional and private wealth clients. Clients include large public and private defined benefit and defined contribution pension funds, sovereign wealth funds, and insurance companies, as well as endowments, foundations, family offices, and private wealth clients.
- Focus Areas
- Private equity, Infrastructure, Private debt
- Website
- stepstonegroup.com
Recent pace
6
6 tracked deals announced in the last 12 months.
Deal mix
Recapitalization
6 recapitalization · 5 buyout · 3 growth capital
StepStone Group Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 14 tracked deals for StepStone Group.
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September 14, 2026
- Buyer
- Amulet Capital Partners, StepStone Group
- Target
- US Fertility
- Industry
- Healthcare Services
- Location
- United States
- Type
- Recapitalization
Amulet Capital Partners closed a recapitalization of US Fertility through a new continuation vehicle to support the fertility services platform’s continued growth. StepStone acted as the sole lead investor, with other existing and new investors participating. Financial terms were not disclosed.
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September 1, 2026
- Buyer
- Oaktree Capital Management, L.P., StepStone Group L.P.
- Target
- System One
- Industry
- Staffing & HR
- Location
- Pennsylvania, United States
- Type
- Growth capital
System One completed a new investment from funds managed by Oaktree Capital Management and StepStone Group; financial terms were not disclosed. The investment is intended to support System One’s growth strategy, expand its capabilities, and strengthen its services platform.
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- Buyer
- Greystar Infrastructure, StepStone Group, M|C Partners, Other global institutional capital partners
- Target
- Zentro Internet
- Industry
- Telecommunications
- Location
- United States
- Type
- Recapitalization
Greystar Infrastructure announced an equity recapitalization of Zentro Internet, the largest private multifamily-focused internet service provider in the United States. The investment, with participation from StepStone Group and other institutional partners, is intended to strengthen Zentro’s balance sheet and fund accelerated national and geographic expansion while maintaining Zentro’s local service quality. M|C Partners will maintain a strategic position in Zentro’s ownership.
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- Buyer
- Neuberger, GIC, Apollo S3, StepStone, Onex Partners
- Target
- Fidelity Building Services Group (Fidelity), PowerSchool, Sedgwick
- Seller
- Onex Partners V, Onex Partners IV, Onex Partners III
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Recapitalization
Onex Partners announced the successful closing of a $1.6 billion multi-asset continuation vehicle that transferred interests in Fidelity Building Services Group, PowerSchool, and Sedgwick from Onex Partners’ prior funds into a newly formed vehicle. The new vehicle is backed by institutional investors including Neuberger, GIC, Apollo S3 and StepStone, providing liquidity and rollover options to existing limited partners.
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October 28, 2025
- Buyer
- Sterling Investment Partners, HarbourVest Partners, StepStone Group, ICONIQ, Churchill Asset Management, Sterling principals, Sterling's latest buyout fund, XKIG management team
- Target
- XKIG
- Industry
- Industrial Services
- Location
- Virginia, United States
- Type
- Recapitalization
Sterling Investment Partners closed a single-asset continuation vehicle recapitalization of XKIG, co-led by HarbourVest Partners, StepStone Group and ICONIQ, with additional funding from Churchill Asset Management. Sterling principals, Sterling's latest buyout fund and the XKIG management team also invested; the transaction provides capital to support XKIG's continued growth, geographic expansion and service capability investments.
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October 22, 2025
- Buyer
- Lynk Global, Omnispace, SES, Fortress, StepStone, Columbia Capital, Telcom Ventures, Blazar Ventures
- Target
- Lynk Global, Omnispace
- Industry
- Telecommunications
- Location
- Virginia, United States
- Type
- Buyout
Lynk Global and Omnispace announced plans to merge to deliver next-generation global direct-to-device (D2D) connectivity, combining Lynk’s multi-spectrum satellite technology with Omnispace’s licensed S-band spectrum footprint. The merger closed on August 14, 2026, and the newly combined company launched as Elveo Mobile.
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September 23, 2025
- Buyer
- Insight Partners, Accel, Halo Fund, Meritech, StepStone, Run Ventures, Album Ventures
- Target
- Filevine
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Type
- Growth capital
Filevine, a Salt Lake City–based legal operating intelligence SaaS provider, raised $400 million in an all-equity growth financing led by Insight Partners with Accel and Halo Fund co-leading and participation from Meritech, StepStone, Run Ventures and Album Ventures. The new capital will be used to scale Filevine’s product, deepen AI capabilities, and accelerate go-to-market expansion across law firms, government agencies and enterprise legal teams.
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- Buyer
- Gemspring Capital Management, LLC, StepStone Group, Shrieve management team
- Target
- Shrieve Chemical Company
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Recapitalization
Gemspring Capital closed a single-asset continuation vehicle that acquired interests in Shrieve Chemical Company, in a transaction led by StepStone Group and supported by new and existing investors including an affiliate of Gemspring and the Shrieve management team. The deal, which included a concurrent refinancing of Shrieve’s debt facilities, provides follow-on capital to support organic growth initiatives and strategic add-on acquisitions.
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- Buyer
- Greenbelt Capital Management L.P., Schroders Capital (funds), StepStone Group (funds), Wafra Inc.
- Target
- Saber Power Services, LLC
- Seller
- Funds managed by Oaktree Capital Management, L.P.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
An investor group led by Greenbelt Capital Management, alongside funds managed by Schroders Capital, StepStone Group and Wafra Inc., has completed the acquisition of Saber Power Services from funds managed by Oaktree Capital Management. Saber’s management will retain a significant stake, and Blackstone Credit provided debt and equity financing to support the transaction; the Houston-area electrical infrastructure services firm will partner with Greenbelt to accelerate growth in grid modernization and energy-transition markets.
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- Buyer
- RedBird Capital Partners, StepStone Group
- Target
- Talent Systems
- Seller
- Caltius Equity Partners
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
RedBird Capital Partners, together with StepStone Group, agreed to acquire a majority stake in Talent Systems, a tech-driven casting software and talent marketplace for the entertainment industry. The deal supports Talent Systems’ next phase of growth, while founders and existing investor Caltius continue with equity positions post-transaction.
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- Buyer
- BayPine LP, TSG Consumer Partners LP, West First Management, StepStone Group
- Target
- Mavis Tire Express Services Corp.
- Seller
- Carousel Capital
- Industry
- Automotive
- Location
- New York, United States
- Type
- Recapitalization
An investor group led by BayPine LP in partnership with TSG Consumer Partners and existing equity-holder West First Management has entered into a definitive agreement to acquire (recapitalize) Mavis Tire Express Services Corp., with Golden Gate Capital retaining a minority stake. The transaction, which also includes participation from StepStone Group and financing led by Jefferies and Owl Rock Capital, will support Mavis' digital transformation, continued consolidation strategy and geographic expansion of its multi-location automotive service platform.
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- Buyer
- L Catterton, Abu Dhabi Investment Authority (ADIA) (via wholly-owned subsidiary), Mubadala Investment Company, StepStone Group, Inc.
- Target
- Truck Hero, Inc.
- Seller
- Existing shareholders (including CCMP Capital)
- Industry
- Consumer Products
- Location
- Michigan, United States
- Type
- Buyout
A consortium led by consumer-focused private equity firm L Catterton — including a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company and StepStone Group — has agreed to acquire a controlling interest in Truck Hero, Inc. CCMP Capital and Truck Hero founder/CEO Bill Reminder will remain meaningful investors. Truck Hero, headquartered in Ann Arbor, Michigan, is a leading manufacturer and marketer of branded aftermarket truck and Jeep accessories and operates the direct-to-consumer site RealTruck.com; the deal was expected to close in Q1 2021.
Related Acquisition Pages
Cloud & SaaS Buyers & Acquisitions
3 tracked deals by StepStone Group.
Industrial Services Buyers & Acquisitions
2 tracked deals by StepStone Group.
Telecommunications Buyers & Acquisitions
2 tracked deals by StepStone Group.
Automotive Buyers & Acquisitions
1 tracked deal by StepStone Group.
Acquisitions in Texas
2 tracked deals by StepStone Group.
Acquisitions in Virginia
2 tracked deals by StepStone Group.
Acquisitions in California
1 tracked deal by StepStone Group.
Acquisitions in Michigan
1 tracked deal by StepStone Group.
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