NEW YORK, March 30, 2021 (GLOBE NEWSWIRE) -- StepStone Real Estate ("SRE") has hired Frank Forster as a Managing Director to help lead the firm's secondaries, recapitalization and co-investment activities in Europe. Mr. Forster will be based in London and report to SRE's Head of EMEA, Josh Cleveland, and its Head of Investments, John Waters. Before joining SRE, Frank worked at notable real estate investment managers such as EQT Real Estate, Mount Kellett and Blackstone.

StepStone Group Inc. (NASDAQ:STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2020, StepStone oversaw $333 billion of private markets allocations (including $105 billion within StepStone Real Estate), including $80 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. 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.