Press Release April 2021
Truffle Announces StepStone as Strategic Research Partner
Truffle Invest (“Truffle”) is pleased to announce its strategic alliance with StepStone Group (“StepStone”) whereby StepStone becomes Truffle’s research partner. David Jeffrey, Partner & Head of Europe at StepStone, joins Truffle’s Strategic Advisory Board.
Combines StepStone’s market-leading private markets research with Truffle’s expertise at delivering private markets programs for multi-family offices and wealth managers.
Leverages StepStone’s 200+ investment professionals and proprietary due diligence and analytics tools to support Truffle’s investment manager selection and due diligence processes globally.
Enhances Truffle’s offering to clients. Truffle focuses on delivering bespoke solutions combining private markets investments, structuring and technology to multi-family offices and wealth managers.
StepStone is a global private markets firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2020, StepStone oversaw approximately $333 billion of private markets allocations, including over $80 billion of assets under management. StepStone’s clients include some of the world’s largest pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients.
Jason Proctor, Managing Director of Truffle, commented; “StepStone is a market leader with regards to private markets intelligence, research and due diligence, providing our investment team with the tools to build and manage high quality private markets portfolios for Truffle’s clients. Combined with our existing technology partnership with Delio, we believe Truffle is uniquely positioned to bring bespoke private markets programs to the private wealth sector, powered by the market leaders in private markets research and technology.”
David Jeffrey, Partner & Head of Europe at StepStone added; “We are excited to be working with Truffle and supporting their work in bringing institutional grade private markets programs to the private wealth sector. This is a major growth area in private markets. Truffle’s positioning as a buy-side solutions provider to the private wealth sector addresses the challenges faced by many in the market, whilst promoting strong alignment with clients.”
Independent – Truffle is an independent B2B private markets firm, allowing wealth managers and family offices to enhance and control their client relationships.
Access – Truffle is on the buy-side and provides access to wide range of curated, high quality private markets funds covering private equity, private debt, venture capital and real assets.
Solutions – Truffle provides bespoke private markets solutions, allowing wealth managers and family offices to build a comprehensive private markets portfolio tailored to their client needs.
Modular – Truffle offers a wide range of value-add services on a modular basis, such as cash flow management, portfolio construction, investment pacing and co-investments, complementing existing in-house private market capabilities.