The newly launched firm provides liquidity solutions for energy and infrastructure sponsors and management teams.
The firm also expects to hold a first close for its tenth real estate secondaries strategy by year-end at more than 50% of its initial $2.5 billion target.
The London-based manager is reportedly expanding its secondaries platform following a record $6.4 billion flagship close in July.
The €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
StepStone Secondaries Infrastructure Fund is approximately 50% deployed across LP-interest and GP-led transactions.
The recently registered interval fund, sub-advised by GCM Grosvenor, will target real asset investments through secondary, primary, co-investment, and listed transactions.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
Its predecessor raised over $300 million in capital commitments, closing at twice its target earlier this year.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
