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Oct 16, 2025 8:10 AM

StepStone Real Estate Announces Program Size Increase of StepStone Real Estate Partners V to $5.3 Billion

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- StepStone Real Estate ("SRE"), the real estate arm of StepStone Group (NASDAQ:STEP), a global private markets investment firm, today announced that it has finalized the size of its StepStone Real Estate Partners V ("SREP V") GP-led secondaries program, with total commitments of $5.3 billion.

In April 2025, SRE announced it had closed $4.5 billion in total commitments for the program, which included a commingled fund of $3.77 billion and discretionary co-investment vehicles investing alongside the fund. As of September 30, 2025, SRE has secured an additional $800 million in discretionary co-investment commitments.

To date, SREP V has committed to 12 investments totaling $3.2 billion including co-investments, with several ...