Debevoise Advises StepStone in its Investment in a €563 Million Continuation Fund Formed by Ufenau Capital Partners

13 May 2022

Debevoise & Plimpton LLP has advised StepStone Group, a global private markets investment firm, in its role as senior lead investor in Ufenau Continuation III (“UC III”).

UC III is a €563 million continuation fund formed by Ufenau Capital Partners to acquire interests in Corius Gruppe and Altano Gruppe – two investments acquired by Ufenau V in 2017.

UC III has been capitalised by a group of secondary investors, led by StepStone Group as senior lead, alongside several existing Ufenau LPs.

For full details, see the official news release here.

The Debevoise team advising StepStone Group was led by partner John Rife and international counsel Andrew Rearick, and included associates Tom Berry and Laurence Hanesworth. Tax advice was provided by international counsel Matthew Pincus and associate Sabrina Hsieh.