LP profile · Fund of fund
Conversus
Conversus is a fund of fund headquartered in United States (North America). Ranked #62 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Sources
- https://www.stepstonegroup.com/news-insights/stepstone-launches-conversus/
- https://www.stepstonegroup.com/news-insights/stepstone-conversus-rebranded-as-stepstone-private-wealth-surpasses-1-billion-in-aum/
- https://www.privatebankerinternational.com/news/stepstone-private-wealth-solutions-conversus/
- https://www.stepstonegroup.com/news-insights/conversus-stepstone-private-venture-and-growth-fund-cspring-launched/
- https://www.prnewswire.com/news-releases/stepstone-launches-private-wealth-solutions-group-300924875.html