StepStone Group Exceeds $750M Target, Raises $1.58B Credit Opportunities Fund II
StepStone Group closed its Second Credit Opportunities Fund II with $1.58 billion in commitments, exceeding its $750 million target at final close on March 31, 2026. SCOF II will focus on private credit secondaries and co-investments to capture relative value across cycles, leveraging StepStone’s global platform and GP relationships.
1. Fund Closing and Commitments
StepStone Group completed final closing of SCOF II on March 31, 2026, securing $1.58 billion in commitments, more than double its $750 million target. The oversubscription underscores strong investor appetite for StepStone’s private credit strategies.
2. Investment Strategy and Objectives
SCOF II will deploy capital across private credit secondaries and co-investment transactions, seeking attractive relative value throughout credit cycles. The fund aims to address liquidity needs of companies, general partners, limited partners, and banks via a flexible mandate spanning multiple sectors and structures.
3. Platform Advantages and Investor Appetite
StepStone leverages its global scale, integrated markets platform, and proprietary data access to source differentiated credit opportunities. A diverse group of returning and new limited partners backed the fund, reflecting confidence in StepStone’s underwriting capabilities and experience navigating market volatility.