US investment group StepStone has opened an office in Singapore to enhance investment capabilities and service offerings for its clients in Asia Pacific and expand its global presence.
“One of the things that we recognised in the early days at StepStone was that the private markets are becoming increasingly global in terms of where investments are being made and also where our clients are likely to be based,” said StepStone’s group CEO Scott Hart.
Located in the central business district (CBD) of the city-state, StepStone’s new outpost is being led by private equity partner Andy Tsai, who is overseeing a group of four investment professionals who are likely to be joined by new recruits in the future.
Singapore is the firm’s 27th global location and sixth in the Asia Pacific region after Perth, Sydney, Seoul, Tokyo, and Beijing.
