Stepstone Group Real Assets LP is an SEC-registered investment adviser based in La Jolla, CA that reports managing 2 hedge funds on Form ADV. It reports $41.5 billion in regulatory assets under management. Its private funds, of all types, hold $38.4 billion in gross assets.
- Regulatory assets under management
- $41.5 billionForm ADV Item 5.F
- Gross assets of private funds
- $38.4 billionAll private fund types, Form ADV
- Hedge funds managed
- 259 private funds in total
- Employees
- 94Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 281695
- Latest Form ADV
- 07/30/2026Disciplinary disclosures: none reported
Private funds reported on Form ADV (31)
Fund
Gross assets
Minimum
Owners
Adviser
Stepstone G Infrastructure Opportunities, LP
Cayman IslandsHedge fund
Gross assets$5.4B
Minimum$4.5B
Owners3
AdviserStepstone Group Real Assets LP
Toranomon Infrastructure 1, L.P.
Cayman IslandsPrivate equity fund
Gross assets$3.6B
Minimum$3.3B
Owners2
AdviserStepstone Group Real Assets LP
Stepstone K Infrastructure Opportunities Fund II, L.P.
Cayman IslandsPrivate equity fund
Gross assets$1.6B
Minimum$1.5B
Owners3
AdviserStepstone Group Real Assets LP
Stepstone K Infrastructure Opportunities Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$1.1B
Minimum$1.0B
Owners2
AdviserStepstone Group Real Assets LP
Stepstone C Strategic Core Infrastructure Partnership, L.p
Delaware, United StatesPrivate equity fund
Gross assets$995M
Minimum$799M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone B Infrastructure Opportunities Fund III, L.P.
Cayman IslandsPrivate equity fund
Gross assets$895M
Minimum$25.0M
Owners10
AdviserStepstone Group Real Assets LP
Stepstone P Infrastructure Opportunities Fund, LP
Cayman IslandsPrivate equity fund
Gross assets$660M
Minimum$500M
Owners2
AdviserStepstone Group Real Assets LP
Stepstone B Infrastructure Opportunities Fund II-R, L.P.
Cayman IslandsPrivate equity fund
Gross assets$616M
Minimum$25.3M
Owners9
AdviserStepstone Group Real Assets LP
Stepstone Ats Infrastructure Master, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$546M
Minimum$10.0M
Owners2
AdviserStepstone Group Real Assets LP
Stepstone P Infrastructure Opportunities Fund II, L.P.
Cayman IslandsPrivate equity fund
Gross assets$530M
Minimum$500M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Scorpio Infrastructure Opportunities Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$480M
Minimum$491M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Pts Infrastructure Secondary Opportunities Fund Holdings, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$472M
Minimum$200M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone B Infrastructure Opportunities Fund II-G, L.P.
Cayman IslandsPrivate equity fund
Gross assets$471M
Minimum$25.3M
Owners8
AdviserStepstone Group Real Assets LP
Stepstone Tmam Infrastructure Opportunities Limited
Cayman IslandsPrivate equity fund
Gross assets$419M
Minimum$437M
Owners2
AdviserStepstone Group Real Assets LP
Stepstone Holyrood Infrastructure Opportunities Fund, L.p
Delaware, United StatesPrivate equity fund
Gross assets$407M
Minimum$400M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Phoenix Infrastructure Equity Opportunities Fund, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$354M
Minimum$300M
Owners5
AdviserStepstone Group Real Assets LP
Stepstone Nps Infrastructure Fund II, LP
Cayman IslandsPrivate equity fund
Gross assets$329M
Minimum$300M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone B Infrastrucutre Opportunities Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$320M
Minimum$38.4M
Owners8
AdviserStepstone Group Real Assets LP
Sunsira Infrastructure Fund, LLC
Delaware, United StatesPrivate equity fund
Gross assets$276M
Minimum$300M
Owners2
AdviserStepstone Group Real Assets LP
Stepstone Nz Infrastructure Opportunities Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$255M
Minimum$250M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Ontario Natural Resources Opportunities Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$201M
Minimum$200M
Owners2
AdviserStepstone Group Real Assets LP
Stepstone Phoenix Infrastructure Debt Opportunities Fund, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$178M
Minimum$250M
Owners4
AdviserStepstone Group Real Assets LP
Stepstone Ip Infrastructure Opportunities Fund, LP
Delaware, United StatesPrivate equity fund
Gross assets$150M
Minimum$150M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Nps Infrastructure Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$120M
Minimum$150M
Owners3
AdviserStepstone Group Real Assets LP
SSG Me Infrastructure Opportunities Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$82.7M
Minimum$75.0M
Owners3
AdviserStepstone Group Real Assets LP
NFU Mutual Global Infrastructure, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$75.8M
Minimum$75.8M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Kf Infrastructure Fund II, L.P.
Cayman IslandsPrivate equity fund
Gross assets$47.9M
Minimum$50.0M
Owners3
AdviserStepstone Group Real Assets LP
Libra Opportunities Fund, L.p
Cayman IslandsPrivate equity fund
Gross assets$27.4M
Minimum$27.3M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Nlgi Infrastructure Opportunities Fund, LP
Cayman IslandsPrivate equity fund
Gross assets$25.6M
Minimum$86.0M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Kf Infrastructure Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$14.8M
Minimum$50.0M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Minderoo Opportunities Fund LP
Delaware, United StatesPrivate equity fund
Gross assets$100.0
Minimum$100.0
Owners3
AdviserStepstone Group Real Assets LP
As reported in the adviser's Form ADV filed Jul 30, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (4)
Fund
Gross assets
Minimum
Owners
Adviser
Stepstone Infrastructure Co-Investment Partners 2022 Parallel, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$428M
Minimum$22.0M
Owners6
AdviserStepstone Group Real Assets LP
Stepstone R Co-Investment Partnership, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$253M
Minimum$275M
Owners3
AdviserStepstone Group Real Assets LP
Stepstone Infrastructure Co-Investment Partners 2022 Europe, Scsp
LuxembourgPrivate equity fund
Gross assets$118M
Minimum$10.0M
Owners6
AdviserStepstone Group Real Assets LP
Stepstone Infrastructure Co-Investment Partners 2022, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$91.7M
Minimum$15.0M
Owners4
AdviserStepstone Group Real Assets LP
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures