The vehicle enables institutional investors to access StepStone's secondaries platform.
Having already exceeded its previously stated offering amount, the fund is approximately 68% larger than its predecessor.
The Texas-based alternative investment manager specializes in private credit, with strategies spanning direct lending, portfolio finance, and capital solutions.
Blackstone Strategic Partners X has secured approximately 73% of its $22 billion target.
A&M Capital established its dedicated mid-market secondaries strategy last year to target CVs and opportunistic LP stakes across North America and Western Europe.
The manager plans to be in the market with a fund from each of its flagship series, including secondaries and fund finance, within the next 24 months.
Arctos Keystone Partners Fund I, which exceeded its $4 billion target, provides growth capital and financing to leading alternative asset managers.
The GP stakes specialist raised $4.3 billion for the inaugural vintages of its NAV lending and preferred solutions strategies.
Total commitments for GP Finance 2 exceeded its initial $500 million target, reaching $840 million.
The closure marks the largest NAV loan fundraise to date, according to the firm.
