Winners Rationale

“StepStone Group has successfully brought a full suite of offerings — spanning private credit, infrastructure, and secondaries — to Asia’s private wealth industry. These strategies have delivered robust performance and attracted sustained inflows since the firm initiated its concerted distribution effort in the region in 2025,” said Stanley Li, senior reporter at Asian Private Banker.

“In an increasingly crowded market, StepStone Group’s specialised expertise in the venture capital and growth space, accumulated through its 25-year history, provides Asian UHNWIs with a distinct flavour of exposure to the private market. The StepStone Private Venture and Growth Fund leverages the firm’s deep relationships with hundreds of VC/Growth managers to ensure an ample flow of high-quality deals.

“Additionally, the StepStone Private Credit Fund provides a compelling solution, investing in the US middle market via co-investment transactions sourced from industry-leading private credit partners.

“The dedicated private wealth team in Asia is also supported by the broader resources within the firm. Through regular engagement, networking and educational training on key themes for clients across different countries, StepStone Group has quickly emerged as a familiar name among fund selectors in Asia.

“For these achievements and others, Asian Private Banker is pleased to recognise StepStone Group with its inaugural Rising Asset Management Firm award, which also serves to celebrate the burgeoning fundraising scene that is attracting new players to the industry.”