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StepStone Real Estate (Nasdaq: STEP) was awarded Global Indirect Firm of the Year and European Deal of the Year by PERE on March 2, 2026. The European award recognized SRE's recapitalization of Vitalia via SREP V, its GP-led secondaries fund.
Jeff Giller, Partner and Head of StepStone Real Estate, highlighted the honors as recognition of the firm's leadership in real estate secondaries and co-investments and the strength of its GP-led secondaries platform.
Announcement of date and logistics for upcoming Q3 FY2026 earnings release.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
private equity real estate, real estate secondaries, co-investments, recapitalization, +1 more
5 terms
private equity real estatefinancial
"two first place ranks by PERE (Private Equity Real Estate)."
Private equity real estate is when privately organized investment funds buy, improve, manage, and sell buildings or land to earn profits for their investors. Think of it as a group of investors pooling money to buy rental properties or redevelop sites, with professional managers handling day-to-day work; it matters to investors because it can offer higher returns than public real estate but usually involves longer lock-up periods, more risk, and less ability to sell quickly.
real estate secondariesfinancial
"recognizes SRE as a leader in real estate secondaries and co-investments;"
Real estate secondaries are transactions where investors buy or sell existing stakes in private real estate funds or pooled property investments instead of putting money into new projects. They matter to investors because they provide a way to turn illiquid property holdings into cash, adjust risk or lock in returns sooner, often at negotiated discounts or premiums—think of selling your share of a jointly owned house to someone else rather than waiting to sell the entire property.
co-investmentsfinancial
"recognizes SRE as a leader in real estate secondaries and co-investments;"
Co-investments are situations where one or more investors put money directly into a specific deal alongside a lead investor, rather than only investing in a pooled fund. Think of it like joining a friend to buy a single rental property instead of contributing to a real estate club; co-investing can give investors bigger exposure to a particular opportunity, lower overall fees, and more control, but also concentrates risk in that single investment.
recapitalizationfinancial
"European Deal of the Year for its recapitalization of Vitalia, one of Spain’s largest care home owner-operators."
Recapitalization is a deliberate change to a company's mix of debt and equity—how much it borrows versus how much is funded by shareholders—accomplished by issuing or repaying debt, buying back shares, or issuing new shares. It matters to investors because it alters the company's risk profile, potential returns and cash flow stability: increasing debt can amplify returns but raises the chance of financial stress, while adding equity can dilute ownership but lower default risk—like swapping between a mortgage and savings to reshape household finances.
gp-led secondariesfinancial
"through SREP V, our GP-led secondaries fund, further underscores the strength..."
GP-led secondaries are transactions where the fund manager (the general partner) organizes a sale or transfer of existing private investments—often into a new vehicle—to give current investors a way to cash out or extend holdings. For investors, this matters because it provides an opportunity for liquidity or a revised holding period, but can also change fees, valuations and incentives; think of it like a landlord offering tenants a buyout or a lease extension under new terms.
NEW YORK, March 02, 2026 (GLOBE NEWSWIRE) -- StepStone Real Estate (SRE), the real estate arm of StepStone Group (Nasdaq: STEP), announced today it was honored with two first place ranks by PERE (Private Equity Real Estate).
Global Indirect Firm of the Year, which recognizes SRE as a leader in real estate secondaries and co-investments; and
European Deal of the Year for its recapitalization of Vitalia, one of Spain’s largest care home owner-operators.
“We are proud to be recognized as an industry leader in real estate secondaries and co-investments,” said Jeff Giller, Partner and Head of StepStone Real Estate. “Receiving European Deal of the Year for the recapitalization of Vitalia through SREP V, our GP-led secondaries fund, further underscores the strength, depth, and continued success of our GP-led secondaries platform.”
The annual PERE awards recognize real estate investors, managers, advisors and individuals who have made a significant impact in the industry over the past year. Nominated and selected by the PERE editorial board, the awards remain among the highest-profile accolades in the global private real estate market.
About StepStone Group
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, 2025, StepStone was responsible for approximately $811 billion of total capital, including $220 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
Media Brian Ruby / Chris Gillick / Matt Lettiero, ICR StepStonePR@icrinc.com 1-203-682-8268
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What awards did StepStone Real Estate (STEP) win on March 2, 2026?
StepStone Real Estate won Global Indirect Firm of the Year and European Deal of the Year. According to the company, PERE recognized SRE for leadership in secondaries/co-investments and for the Vitalia recapitalization through SREP V.
Why did PERE name StepStone Real Estate Global Indirect Firm of the Year (STEP)?
Because SRE is a leader in real estate secondaries and co-investments, says the company. PERE’s editorial board nominated and selected firms that made significant industry impact over the past year.
What transaction earned StepStone Real Estate the European Deal of the Year award (STEP)?
The award recognized SRE’s recapitalization of Vitalia, a large Spanish care home owner-operator. According to the company, the deal was executed through its GP-led secondaries vehicle, SREP V.
How do these PERE awards affect StepStone Real Estate’s (STEP) market reputation?
The awards bolster SRE’s industry standing and visibility among investors. According to the company, the honors underscore the depth and continued success of its GP-led secondaries platform.
When was StepStone Real Estate’s recognition by PERE announced for STEP shareholders?
The recognition was announced on March 2, 2026. According to the company, the awards are annual and selected by PERE’s editorial board for significant industry contributions over the past year.
Where can investors find more information about StepStone Real Estate’s (STEP) awards and deals?
Investors can review company communications and investor materials for details about awards and transactions. According to the company, further context on the Vitalia recapitalization is available through its investor disclosures.
