Memphis Light Gas Water Retirement And Pension System Awards Financial Services Contract to STEPSTONE (June 2026)
Memphis Light Gas Water Retirement And Pension SystemCity Department · Memphis, TN- Disclosed value
- $10 million
- From minutes
- Approved
- Jun 3, 2026
- Renews
- Free account
The 30-second brief
The Pension Board approved a $10 million commitment to StepStone VC Secondaries Fund VII. The 10-year fund is intended to increase MLGW’s venture-capital allocation and targets more than 2.0x net cash-on-cash returns.
STEPSTONE holds this financial services contract with Memphis Light Gas Water Retirement And Pension System. Its other public contracts on record include work for Somerville Contributory Retirement System and Contra Costa Co Employee Retirement System.
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Contract details
- Contract type
- Financial Services
- Amount
- $10 million
- Document date
- June 3, 2026
- Term
- 10-year fund; scheduled final close on June 19, 2026
- Renews
- On record
- Vendor
- STEPSTONE
- Source document
- Memphis Light, Gas and Water Division Minutes Pension Board Meeting 2026-06-03 (Minutes)
STEPSTONE's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Memphis Light Gas Water Retirement And Pension System?
STEPSTONE was awarded this financial services contract by Memphis Light Gas Water Retirement And Pension System, as recorded on June 3, 2026. The contract value is $10 million.
How much is the STEPSTONE contract with Memphis Light Gas Water Retirement And Pension System worth?
The STEPSTONE contract with Memphis Light Gas Water Retirement And Pension System is valued at $10 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Memphis Light, Gas and Water Division Minutes Pension Board Meeting 2026-06-03 (Minutes), dated June 3, 2026 from Memphis Light Gas Water Retirement And Pension System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does STEPSTONE hold?
STEPSTONE may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Memphis Light Gas Water Retirement And Pension System currently buying?
Explore Memphis Light Gas Water Retirement And Pension System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.