Global alternative asset investment major Stepstone Group has launched its first Latin American office to work on primary, secondary, co-investments and research in the region.
The São Paulo, Brazil-based team will include ex-Paul Capital executives Duncan Littlejohn and Bruna Riotto, who have been named partner and vice president respectively.
Littlejohn, a 25-year veteran of the private equity industry in Latin America, previously led Paul Capital’s Latin American efforts from 2008.
Riotto, 29, had been with Paul Capital since 2010.
Stepstone CEO Monte Brem said, “These strong additions to our team and office expansion allow us to enhance our global coverage of the private markets.
“Investors, including institutions and family offices, increasingly want access to private markets opportunities in Latin America, particularly in Brazil, which has the largest economy and population in the region.
“As our clients increase the capital they deploy there and Latin American clients look at global opportunities in alternative investments, we are pleased to be able to offer a full-service local presence.”
Stepstone partner Jose Fernandez added, “We welcome Duncan and Bruna to the StepStone team.
“With talented and experienced Brazilians heading our new office, we will be well-positioned as we continue to invest in Latin America and serve our clients based in the region.
“We believe in building local teams with deep expertise in the markets in which we operate and we are sure that strategy will serve StepStone and its clients well in São Paulo.”
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