StepStone Group is making some of its private funds available on the London Stock Exchange Group’s digital platform, a move that uses blockchain technology to broaden investor access to the asset class. The partnership makes StepStone one of the first private market managers on LSEG's Digital Markets Infrastructure (DMI) platform, offering its evergreen strategies in private equity, private debt, and infrastructure to a wider base of professional investors.
"The continued evolution of private markets requires infrastructure and data integrity consistent with institutional investing," David Jeffrey, Head of Europe at StepStone, said. "By launching our evergreen strategies on the platform, we are supporting more efficient access to private markets through established market infrastructure."
The DMI platform is fully integrated within the LSEG Workspace and uses distributed ledger technology to streamline fund distribution, aiming to lower structural barriers for investors. StepStone, which was responsible for approximately $811 billion of total capital as of December 31, 2025, joins the platform to enhance distribution for its funds. This collaboration builds on an existing relationship from October 2025, when the two firms launched the FTSE StepStone Global Private Market Indices.
This initiative represents a deeper push by major financial players into the tokenization of real-world assets, which could unlock liquidity in historically illiquid markets. For StepStone, it is part of a broader strategy to increase market transparency, following a May 6 partnership with PitchBook to provide deal-level benchmarks.
A Push for Transparency
The move was lauded by LSEG as a key milestone in opening up private markets, which have traditionally been difficult for many investors to access.
"StepStone’s decision to bring its evergreen strategies onto our DMI platform marks another important milestone in opening up access to private markets," said Dr. Darko Hajdukovic, Head of Digital Markets Infrastructure at LSEG. He noted the platform "delivers blockchain-powered scale and efficiency, enabling fund managers to distribute their products more effectively."
The partnership is the latest in a series of moves by StepStone to improve data and access in the private markets. The firm's collaboration with PitchBook aims to give investors more granular tools to compare deal performance and analyze track records, addressing long-standing demands for greater transparency in the sector. Together, these initiatives show a firm commitment to integrating private markets more seamlessly into diversified investment portfolios.
By the Numbers
This article is for informational purposes only and does not constitute investment advice.
