August 23, 2021

StepStone Group along with Lock Capital, received uno grito from BIVA after PENSIONISSSTE successfully issued a Project Fiduciary Securitization Certificate (CERPI) worth up to $400 million, which enables the public pension to invest in private markets.

StepStone designed and will execute the private markets mandate, and Lock Capital will administer the CERPI.

The resources obtained with this issuance will be used to expand PENSIONISSSTE’s portfolio by diversifying the risk of the portfolios and targeting higher returns in order to generate a more comfortable retirement for pensioners.

Watch the bell-ringing ceremony below to hear StepStone partner and co-chief operating officer Jose Fernandez remark on this historic milestone!

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