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Financial markets

StepStone Group Establishes Formal Presence in the Middle East through New Riyadh Office

Strategic Insights

— 2 min read

StepStone Group, a global private markets investment firm, has deepened its relationship with longstanding clients in the Kingdom of Saudi Arabia by establishing a formal presence in the Middle East through a new office in Riyadh. With a license from the Capital Market Authority (CMA), the Riyadh office will foster closer collaboration with clients and expand access to high-quality private market opportunities, accelerating economic diversification in the Kingdom.

Key Takeaways:

  • StepStone Group has established a new office in Riyadh, Saudi Arabia, to deepen its relationships with investors in the Kingdom and expand access to high-quality private market opportunities.
  • The Riyadh office, StepStone's first physical location in the Middle East, builds on the firm's long-term partnerships across the region and reflects its commitment to enduring relationships with institutional partners.
  • StepStone's new office in Riyadh will help accelerate economic diversification in the Kingdom, in line with the Kingdom's Vision 2030.
  • The firm's presence in Riyadh is a reflection of its support for the Kingdom's Vision 2030 and its role as a global investment destination and source of capital.
  • StepStone has received a license from the Capital Market Authority (CMA) to operate in Riyadh and will establish a physical presence in the Kingdom.
  • The Riyadh office will also help StepStone to better serve its clients in the region and provide excellent client service.
  • StepStone Group operates 31 offices across 19 countries.
  • The firm has been responsible for approximately $723 billion of total capital, including $199 billion of assets under management, as of June 30, 2025.
  • StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt, and real estate asset classes.

Statistics:

  • StepStone Group has established a new office in Riyadh, opening its first physical location in the Middle East.
  • The firm operates 31 offices across 19 countries.
  • As of June 30, 2025, StepStone was responsible for approximately $723 billion of total capital, including $199 billion of assets under management.
  • The Riyadh office is a reflection of StepStone's commitment to enduring relationships with institutional partners and its support for the Kingdom's Vision 2030.

Sources:

  • GlobeNewswire, October 23, 2025
  • About StepStone Group, StepStone Group, available at [www.stepstonegroup.com](http://www.stepstonegroup.com)
  • Nasdaq, StepStone Group, available at [www.nasdaq.com](http://www.nasdaq.com)
  • Capital Market Authority (CMA), Riyadh, Saudi Arabia, available at [www.cma.org.sa](http://www.cma.org.sa)

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