New Jersey Recommends Up to $400 Million StepStone Investment
State Investment Council | State of New JerseyState · NJ- Disclosed value
- Up to $400 million
- From staffreport
- Document date
- Jan 23, 2025
- Term
- Inception in 2025; term not specified
The 30-second brief
The New Jersey Division of Investment recommended investing up to $400 million with StepStone Group through a real estate separately managed account. The account will provide access to middle-market primary funds and tactical investments including secondaries, recapitalizations, and co-investments, with an inception date in 2025.
Stepstone Group holds this financial services contract with State Investment Council | State of New Jersey. Its other public contracts on record include work for Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana and PA-State-State Employees Retirement System.
Term as filed: Inception in 2025; term not specified.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $400 million
- Document date
- January 23, 2025
- Term
- Inception in 2025; term not specified
- Vendor
- Stepstone Group
- Source document
- New Jersey Department of the Treasury Staff Report Real Estate Investment – StepStone Real Estate Separately Managed Account 2025-01-23 (StaffReport)
Stepstone Group's other public contracts
More State Investment Council | State of New Jersey contracts
Questions about this contract
Who was awarded the financial services contract by State Investment Council | State of New Jersey?
Stepstone Group was awarded this financial services contract by State Investment Council | State of New Jersey, as recorded on January 23, 2025. The contract value is Up to $400 million.
How much is the Stepstone Group contract with State Investment Council | State of New Jersey worth?
The Stepstone Group contract with State Investment Council | State of New Jersey is valued at Up to $400 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in New Jersey Department of the Treasury Staff Report Real Estate Investment – StepStone Real Estate Separately Managed Account 2025-01-23 (StaffReport), dated January 23, 2025 from State Investment Council | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Stepstone Group hold?
Stepstone Group 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 State Investment Council | State of New Jersey currently buying?
Explore State Investment Council | State of New Jersey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.