The new evergreen strategy will invest across core-plus funds, direct deals, and co-investments, initially targeting European private wealth investors.
The Luxembourg-domiciled fund, administered by fundcraft, targets annual net returns of 15% to 20% through direct, follow-on, and select secondary investments.
Finnish wealth manager Index Varainhoito will make the European Upper Middle Market Income Fund available to its clients.
ASB StepStone Private Financing Fund will focus on senior secured financing to US middle-market companies.
The addition broadens the platform's offering of evergreen and ELTIF 2.0 investment opportunities for wealth managers across eligible EMEA markets.
The ELTIF 2.0-structured vehicle provides access to private markets by investing exclusively in LBPAM Private Opportunities, a French-domiciled master fund.
