Debevoise Advises StepStone in Its Investment in the $670 Million Ampersand Continuation Fund

23 November 2020

Debevoise & Plimpton LLP has advised StepStone Group, a global private markets investment firm, as lead investor in the Ampersand-sponsored continuation vehicle, Ampersand Continuation Fund ("AMP-CF"), which is oversubscribed and closing at $670 million. AMP-CF was formed to acquire the equity interests of three portfolio companies, Ampersand 2006 Limited Partnership, Ampersand 2011 Limited Partnership and Ampersand 2014 Limited Partnership, previously held by multiple mature Ampersand funds. For more information, please see the company’s press release here.

The Debevoise team is led by partners Andrew Ahern and Ezra Borut and includes associates Jordan Corrente Beck, Jennifer Cestaro, Nathan Frost, Sabrina Hsieh, Kim Le and Adam Namm.