Debevoise & Plimpton LLP has advised StepStone Group (Nasdaq: STEP), a leading global private markets investment firm, in the closing of a structured solutions vehicle resulting in $3.1 billion in commitments to invest predominantly in private market secondaries.

The transaction is the largest of its kind in the market to date. The vehicle enables institutional investors to access the firm's secondaries platform through a flexible and capital-efficient solution.

StepStone Group Inc. is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients.

For full details, see the official release here.

The Debevoise team advising StepStone was led by partners Lorna Bowen and Pierre Maugüé, and included partners Sheena Paul, Nicholas Pellicani and Thomas Smith, counsel Robert Dura and Christopher Rosekrans, associates Jag Appleby, Ali Bazzi, Jordan Corrente Beck, Zachary Davidson, Samuel Eickstedt, Luke Glavin, Peter Hraniotis, Caitlin Kim, Anastasiya Korenblyum, Shirley Li, Eric Olmesdahl, Gabriel Rudy, Adam Silverwood, Jackson Slaughter, Phoebe Steinfeld, Matthew Tolson, Daniel Hyun Gu Yeo and Oriana Yeung, and law clerk Justin Norris. Tax advice was provided by partner Michael Bolotin, associates Shanna Adler and Olivia Daniels, and law clerks Reena Chojar and Sara Sinnathamby.