StepStone Group, a private markets investment firm, completed a $300m investment in Asia Capital Real Estate, a real estate private equity firm. “Securing a commitment from StepStone marks a tremendous achievement for ACRE and our latest fund, as we continue to add many of the investment world’s most significant players to our growing list of partners. In an increasingly crowded multifamily market, attracting one of the world’s largest and most accomplished institutional allocators is a testament to the power of our offering and our track record of generating value across market cycles," Michael Van Der Poel, ACRE Managing Partner.