StepStone Secondary Opportunities Fund VI is reportedly targeting $6 billion in capital commitments.
Having already exceeded its previously stated offering amount, the fund is approximately 68% larger than its predecessor.
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.
SecondaryLink first reported on the Euronext-listed manager's plans to launch credit & infrastructure secondaries products in July.
The Texas-based alternative investment manager specializes in private credit, with strategies spanning direct lending, portfolio finance, and capital solutions.
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 fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The milestone coincided with the first close of the firm's inaugural GP-led fund, securing $200 million in capital commitments.
