StepStone Group completed the acquisition of Greenspring Associates for $725m.

StepStone Group, a global private markets investment firm, completed the acquisition of Greenspring Associates, a venture capital and growth equity platform, for $725m. “Joining forces with Greenspring allows StepStone to scale our venture capital and growth equity capabilities, further broadening the menu of private equity solutions as we seek to build the highest quality portfolios for our clients. We are pleased to welcome Greenspring Founder and Managing General Partner Ashton Newhall, Managing General Partner Jim Lim, and the entire Greenspring team as the newest members of the StepStone team. We believe that the Greenspring team has built the best venture capital and growth equity platform within private markets. Just as important, they promote a culture of trust and integrity that directly aligns with our values,” Scott Hart, StepStone Co-CEO.