C
LP profile
Conversus
Fund of fund · Chicago, United States
115
VC firms backed
$1.6B
AUM
01 · Background
Who Conversus is.
- Historical Background
- Conversus was launched in 2019 by StepStone Group, a global private markets investment firm. The original Conversus brand name was retained by its founders after they sold the private equity portfolio of Conversus Capital in 2012. The brand was then relaunched within StepStone.
- Source of Capital
- The firm's capital is primarily sourced from high-net-worth individuals and smaller institutional or accredited investors. Conversus was specifically designed to expand access to private market investments for clients in the private wealth sector.
- Major Events
- In November 2022, StepStone announced that the Conversus platform would be rebranded as StepStone Private Wealth.
- Allocation Strategy
- Conversus focuses on providing access to private markets, including private equity and venture capital. The firm launched the Conversus StepStone Private Venture and Growth Fund (CSPRING) to offer individual investors access to venture and growth equity investments. The firm's strategy involves creating tailored product solutions through a combination of fund investments, secondaries, and co-investments, aiming for diversification across managers, sectors, strategies, and geographies.
02 · Fund commitments
The funds Conversus backs.
Conversus is a limited partner in 115 funds. 20 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Lightspeed Venture Partners
#7 Power Law
New Enterprise Associates
#8 Power Law
Index Ventures
#11 Power Law
Tiger Global Management
#14 Power Law
Insight Partners
#23 Power Law
Redpoint
#42 Power Law
Battery Ventures
#54 Power Law
TCV
#67 Power Law
IVP
#84 Power Law
RRE Ventures
#93 Power Law
Meritech Capital
#107 Power Law
Foundation Capital
#155 Power Law
TPG
#158 Power Law
Alchemy Partners
Apax Partners
Argos Wityu
Audax Private Equity
BC Partners
Carlyle Cardinal Ireland - CCI
Cinven
CVC Capital Partners
ECM Equity Capital Management
EQT Group
GMT Communications Partners LLP
Nio Capital
03 · Allocation
How Conversus’ fund book is spread.
The 115 funds Conversus backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 9784%
- Europe 1715%
- Rest of world 11%
United States 97 · United Kingdom 10 · France 2 · China 1
How established those managers are
Managers grouped by how many funds they have raised — across the 67 of 115 with a fund history on record.
Emerging funds · 23
Established funds · 44
8
1
6
2
9
3
4
4
10
5-6
10
7-9
9
10-14
11
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to Conversus by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
FLAG Capital Management
$6.4B AUM
63 VC funds backed
🇺🇸
Knightsbridge Advisers
$3.0B AUM
47 VC funds backed
🇨🇭
Partners Group
$186B AUM
113 VC funds backed
🇱🇺
European Investment Fund
$26B AUM
334 VC funds backed
🇩🇰
ATP Private Equity Partners
$18B AUM
55 VC funds backed
🇺🇸
Horsley Bridge Partners
$22B AUM
44 VC funds backed
🇺🇸
Fairview Capital Partners
$2.7B AUM
56 VC funds backed
🇺🇸
Greenspring Associates
$22B AUM
28 VC funds backed