StepStone Group Opens New Office in Ireland
StepStone Group (STEP) has announced the opening of its new office in Dublin, Ireland, through its subsidiary StepStone Group Europe Alternative Investment Limited (SGEAIL). The 12,000 square foot facility at One Haddington Buildings represents an expansion of the company's presence in Ireland, where it has operated since 2005. SGEAIL, regulated by the Central Bank of Ireland, has seen significant growth with AUM increasing from €20.6 billion in December 2022 to €29.1 billion as of December 2024. The Dublin office now employs 110 people, representing 10% of StepStone's global workforce, having doubled its headcount since 2021. The expansion supports the firm's growing EU-based institutional and private wealth client base, with recent initiatives including the launch of its first ELTIF focused on private debt and the conversion of RAIF funds into UCI Part II vehicles.
StepStone Group (STEP) ha annunciato l'apertura del suo nuovo ufficio a Dublino, Irlanda, tramite la sua controllata StepStone Group Europe Alternative Investment Limited (SGEAIL). La struttura di 12.000 piedi quadrati presso One Haddington Buildings rappresenta un'espansione della presenza dell'azienda in Irlanda, dove opera dal 2005. SGEAIL, regolamentata dalla Banca Centrale d'Irlanda, ha registrato una crescita significativa con gli AUM che sono aumentati da 20,6 miliardi di euro a dicembre 2022 a 29,1 miliardi di euro a dicembre 2024. L'ufficio di Dublino ora impiega 110 persone, pari al 10% della forza lavoro globale di StepStone, avendo raddoppiato il numero di dipendenti dal 2021. L'espansione supporta la crescente base di clienti istituzionali e di private wealth con sede nell'UE, con iniziative recenti che includono il lancio del primo ELTIF focalizzato sul debito privato e la conversione di fondi RAIF in veicoli UCI Parte II.
StepStone Group (STEP) ha anunciado la apertura de su nueva oficina en Dublín, Irlanda, a través de su filial StepStone Group Europe Alternative Investment Limited (SGEAIL). La instalación de 12,000 pies cuadrados en One Haddington Buildings representa una expansión de la presencia de la empresa en Irlanda, donde opera desde 2005. SGEAIL, regulada por el Banco Central de Irlanda, ha experimentado un crecimiento significativo con los activos bajo gestión que aumentaron de 20.6 mil millones de euros en diciembre de 2022 a 29.1 mil millones de euros en diciembre de 2024. La oficina de Dublín ahora emplea a 110 personas, representando el 10% de la fuerza laboral global de StepStone, habiendo duplicado su plantilla desde 2021. La expansión respalda la creciente base de clientes institucionales y de patrimonio privado con sede en la UE, con iniciativas recientes que incluyen el lanzamiento de su primer ELTIF enfocado en deuda privada y la conversión de fondos RAIF en vehículos UCI Parte II.
StepStone Group (STEP)는 자회사인 StepStone Group Europe Alternative Investment Limited(SGEAIL)를 통해 아일랜드 더블린에 새 사무실을 개설했다고 발표했습니다. One Haddington Buildings에 위치한 12,000평방피트 규모의 시설은 2005년부터 운영해 온 아일랜드 내 회사의 입지를 확장하는 의미입니다. 아일랜드 중앙은행의 규제를 받는 SGEAIL은 2022년 12월 206억 유로에서 2024년 12월 291억 유로로 운용자산(AUM)이 크게 증가하는 등 상당한 성장을 이루었습니다. 더블린 사무실은 현재 110명을 고용하고 있으며, 이는 StepStone 전 세계 인력의 10%에 해당하며 2021년 이후 인력이 두 배로 늘었습니다. 이번 확장은 EU 기반의 기관 및 개인 자산 고객 기반 확대를 지원하며, 최근에는 사모 채권에 집중한 첫 ELTIF 출시와 RAIF 펀드를 UCI 파트 II 차량으로 전환하는 등의 이니셔티브를 포함합니다.
StepStone Group (STEP) a annoncé l'ouverture de son nouveau bureau à Dublin, en Irlande, via sa filiale StepStone Group Europe Alternative Investment Limited (SGEAIL). L'installation de 12 000 pieds carrés située aux One Haddington Buildings représente une expansion de la présence de l'entreprise en Irlande, où elle opère depuis 2005. SGEAIL, régulée par la Banque centrale d'Irlande, a connu une croissance significative avec les actifs sous gestion (AUM) passant de 20,6 milliards d'euros en décembre 2022 à 29,1 milliards d'euros en décembre 2024. Le bureau de Dublin emploie désormais 110 personnes, soit 10 % de l'effectif mondial de StepStone, ayant doublé ses effectifs depuis 2021. Cette expansion soutient la base croissante de clients institutionnels et de gestion de patrimoine privée basés dans l'UE, avec des initiatives récentes incluant le lancement de son premier ELTIF axé sur la dette privée et la conversion des fonds RAIF en véhicules UCI Partie II.
StepStone Group (STEP) hat die Eröffnung seines neuen Büros in Dublin, Irland, über seine Tochtergesellschaft StepStone Group Europe Alternative Investment Limited (SGEAIL) bekannt gegeben. Die 12.000 Quadratfuß große Einrichtung in den One Haddington Buildings stellt eine Erweiterung der Präsenz des Unternehmens in Irland dar, wo es seit 2005 tätig ist. SGEAIL, reguliert von der Zentralbank Irlands, verzeichnet ein erhebliches Wachstum mit einem Anstieg der verwalteten Vermögenswerte (AUM) von 20,6 Milliarden Euro im Dezember 2022 auf 29,1 Milliarden Euro im Dezember 2024. Das Büro in Dublin beschäftigt nun 110 Mitarbeiter, was 10 % der globalen Belegschaft von StepStone entspricht, und hat seine Mitarbeiterzahl seit 2021 verdoppelt. Die Expansion unterstützt die wachsende EU-basierte institutionelle und private Vermögenskundschaft des Unternehmens, mit jüngsten Initiativen wie der Einführung des ersten ELTIF, der sich auf Private Debt konzentriert, sowie der Umwandlung von RAIF-Fonds in UCI Teil II Vehikel.
- AUM growth from €20.6B to €29.1B between Dec 2022 and Dec 2024
- Employee headcount doubled since 2021 to 110 staff in Dublin
- Strategic expansion supporting growing EU client base and private wealth market
- None.
NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- StepStone Group (Nasdaq: STEP), a global private markets solutions provider, today announced the opening of the new Ireland office at One Haddington Buildings, Dublin 4, of its subsidiary StepStone Group Europe Alternative Investment Limited (“SGEAIL”), an alternative investment fund manager regulated by the Central Bank of Ireland.
Having operated in Dublin since 2005 through a predecessor firm, SGEAIL enables EU-based clients to access private market investment solutions in private debt, private equity, real estate, and infrastructure and real assets. SGEAIL oversees
“Our growth in Ireland reflects the increasing demand for private market solutions globally, and especially among EU-based institutional and private wealth clients,” said David Allen, Partner and CEO of SGEAIL. “Our expanded space demonstrates our commitment to investing in the local economy and talent pool to meet this demand.”
Since 2021, the number of people working in StepStone’s Dublin office has doubled and now numbers 110 employees, approximately
“StepStone Group's expansion in Dublin is a welcome development for our financial services sector, and highlights Ireland's position as a leading destination for global investment firms seeking to access the European market. I would like to congratulate the team at StepStone Group and wish them luck in this exciting new phase of their journey,” said Peter Burke, Minister for Enterprise, Tourism and Employment.
Michael Lohan, CEO of IDA Ireland, the agency responsible for attracting and retaining foreign direct investment into Ireland, said “StepStone’s announcement further underscores Ireland’s position as a leading location for global firms in the financial services sector. The combination of deep industry expertise, a strong pipeline of talent, and a stable, pro-business environment continues to attract companies looking for a strategic entry point to the EU and access to wider global markets. I want to wish StepStone every success and to assure them of our continued support and partnership as they expand their footprint in Ireland.”
In addition to managing EU-domiciled commingled funds and separate accounts for institutional clients, SGEAIL has in recent years served as a hub for StepStone’s expansion into the European private wealth market. Earlier this year, StepStone launched its first ELTIF focused on the private debt market and converted its existing RAIF funds into UCI Part II vehicles.
Savills Dublin served as StepStone’s tenant representative for the new office, and Calibro Workspace completed the space’s interior design and fitout.
About StepStone
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2024, StepStone was responsible for approximately
About IDA Ireland
IDA Ireland is the country's inward investment promotion agency, responsible for attracting and developing foreign investment in Ireland. With a proven track record of facilitating international companies, IDA Ireland offers a range of services to support businesses in establishing and expanding operations on the island. Our expert team works closely with companies across various industries, including technology, pharmaceuticals, financial services, and more, providing tailor-made solutions to meet their needs.
As a gateway to Europe, Ireland offers a competitive corporate tax rate, a young and highly skilled workforce, and a robust business environment, making it an ideal location for global companies looking to innovate and grow. Headquartered in Dublin, with a network of offices worldwide, IDA Ireland is committed to driving economic growth and job creation by fostering a vibrant and sustainable business ecosystem. For more information, visit www.idaireland.com or follow us on Twitter @IDAIRELAND.
StepStone Contacts:
Shareholder Relations:
Seth Weiss
shareholders@stepstonegroup.com
+1 (212) 351-6106
Media:
Brian Ruby / Chris Gillick / Matt Lettiero
ICR
StepStonePR@icrinc.com
+1 (203) 682-8268
IDA Ireland Contact:
Rachel Bermingham
Rachel.bermingham@ida.ie
+353 087 437 6158
Photos accompanying this announcement is available at
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