- Generated NAV growth of 70.5% since inception in
October 2020 - Conversus adds senior distribution leaders in the US and Europe—Celine El Debs and
Brett Schlemovitz
CPRIM has generated net asset growth per share of over 70.5% through
“CPRIM’s rapid growth shows that investors have embraced our focus on convenience, efficiency and transparency,” said
Conversus also announced two key new hires within its global distribution team to support the growth—Brett Schlemovitz as Managing Director of Private Wealth Solutions and
“We are very pleased that Brett and Celine have joined our team and believe we are building the infrastructure to support the scale and growth we are experiencing,” said
Conversus believes there is significant opportunity in the private markets and is strategically positioned to provide solutions for its global clients to access the opportunities.
About Conversus and CPRIM
CPRIM offers accredited investors global exposure to the major private market asset classes in an open architecture solution. CPRIM’s portfolio seeks to be well-diversified across underlying managers and by sector, strategy, geography and vintage year.
Conversus acts as adviser to CPRIM and is a wholly-owned business of StepStone. StepStone invests CPRIM’s capital alongside its institutional clients and CPRIM has assembled a portfolio of over 750 companies to-date, emphasizing sectors Conversus believes to be more durable and resilient, such as Information Technology, Healthcare and Financial Services.
Designed specifically for individual investors and small institutions, CPRIM’s investor-centric structure emphasizes convenience, efficiency and transparency. An evergreen fund, CPRIM raises capital monthly while providing liquidity through quarterly tender offers. There are no ongoing capital calls. Investors will receive regular distributions, and tax reporting is provided via a 1099. CPRIM is available to
About StepStone
Contacts
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203-682-8268
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212-351-6106
shareholders@stepstonegroup.com
Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month end performance please call 704-215-4300. Short-term performance may often reflect conditions that are likely not sustainable, and thus such performance may not be repeated in the future.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from Conversus StepStone Private Markets (“CPRIM” or the “Fund”) at 704-215-4300 or by visiting the
A registration statement relating to these securities has been filed with the
An indication of interest in response to this advertisement will involve no obligation or commitment of any kind.
An investment in the Fund involves material risks. Investing in the shares may be considered speculative and involves a high degree of risk, including the risk of the loss of your investment. The Shares are illiquid and appropriate only as a long-term investment.
- The Fund’s performance depends upon the performance of the underlying investment managers and the selected private market assets.
- Underlying investments involve a high degree of business and financial risk that can result in substantial losses.
- The securities in which an investment manager may invest may be among the most junior in a portfolio company’s capital structure and, thus, subject to the greatest risk of loss.
- An investment manager’s investments, depending upon strategy, may be in companies or other assets whose capital structures are highly leveraged.
- The Fund will allocate a portion of its assets to multiple investment funds, and shareholders will bear two layers of fees and expenses: management fees and administrative expenses at the Fund level, and asset-based management fees, carried interests, incentive allocations or fees and expenses at the Investment Fund level.
- Shareholders will have no right to receive information about the investment funds or investment managers, and they will have no recourse against investment funds or their investment managers.
- The Fund intends to qualify as a regulated investment company under the Internal Revenue Code of 1986 but may be subject to substantial tax liabilities if it fails to so qualify.
- A significant portion of the Fund’s investments will likely be priced by investment funds in the absence of a readily available market and may be priced based on determinations of fair value, which may prove to be inaccurate.
- The shares are an illiquid investment. There is no market exchange available for shares of the Fund thereby making them difficult to liquidate.
- Possible utilization of leverage, as limited by the requirements of the 1940 Act, may increase the Fund’s volatility.
- The Fund is a “non-diversified” investment company for purposes of the 1940 Act, which means that it is not subject to percentage limitations under the 1940 Act on the percentage of its assets that may be invested in the securities of any one issuer.
- Accordingly, the Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if it can sustain a complete loss of its investment. A discussion of the risks associated with an investment in the Fund can be found under “Types of Investments and Related Risks” and “Other Risks” in the Fund’s Prospectus.
Source:
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