In this episode of RPM, Zhiyao Ma and Hansong Qu, Vice Presidents on StepStone's Asia Private Equity team, join co-host Anna Marcus to discuss the investment case for Japan and India and why these markets may be top of mind for investors looking at China +1 alternatives.

• The focus on Japan and India (2:21)
• Growing deal volume in Japan (4:15)
• Misconceptions about Japan PE (7:17)
• India's investment pitch (8:44)
• The India opportunity set (11:47)
• Advice for investors (20:12)

For more on this topic, read our "Diversifying your Asia exposure" whitepaper series which includes papers on Japan private equity and India private equity. 

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In this episode of RPM, Fabian Körzendörfer, a Zurich-based Partner on StepStone’s Private Debt team, joins co-host Michael Venne to discuss the benefits of private debt and why the asset class fits well with evergreen fund structures.

• Why evergreens (03:01)
• Historical performance (9:04)
• How to generate liquidity in PD (12:49)
• Benefits for institutions vs. individuals (19:05)
• Co-investments in evergreens (22:02)
• Key considerations (25:25)

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In this episode of RPM, Tim Rees, a London-based Partner on StepStone’s Infrastructure and Real Assets team, joins co-host Michael Venne to discuss the rapid growth of infrastructure secondaries and why the market is gaining momentum. They cover:

• Growth of infrastructure asset class (00:51)
• Scale of the secondary market (03:26)
• Drivers of growth in infra secondaries (05:19)
• Synergies from primaries and co-investments (09:36)
• Advice for new investors (19:39)
• Diversification and other considerations (22:23)

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In this episode of RPM, Jeff Giller, Partner and Head of Real Estate, and Margaret McKnight, Partner and Head of Portfolio Solutions for StepStone Real Estate, rejoin co-host Maribel Yoo to discuss our Spring 2025 House Views on the state of the real estate market. They cover:

• Market shifts and the new cycle (:50);
• US real estate landscape (1:55);
• Best practices amid volatility (5:51);
• European outlook (8:29);
• US policy risks and opportunities (9:02);
• Real estate capital raising (12:50)

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This episode of RPM features Suzanne Tavill, Partner and Head of Responsible Investment at StepStone, in conversation with Brooke Latham, Head of Sustainability at the NATO Innovation Fund. They explore what it means to invest responsibly in dual-use technologies, with a focus on the evolving concept of “responsible use.”

• Defense spending (1:33)
• Changing nature of threats (5:03)
• Responsible use with NIF (7:35)
• Real-world examples (11:02)
• The importance of accountability (15:20)
• The role of the asset owner (17:35)

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This episode of RPM features Suzanne Tavill, Partner and Head of Responsible Investment at StepStone, in conversation with Brooke Latham, Head of Sustainability at the NATO Innovation Fund. They explore what it means to invest responsibly in dual-use technologies, with a focus on the evolving concept of “responsible use.”

• Defense spending (1:33)
• Changing nature of threats (5:03)
• Responsible use with NIF (7:35)
• Real-world examples (11:02)
• The importance of accountability (15:20)
• The role of the asset owner (17:35)

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In this episode of RPM, Suzanne Tavill, Partner and Head of Responsible Investment at StepStone, is joined by special guest Paul Fehlinger, Director of Policy Innovation and Impact at Project Liberty Institute to discuss Responsible AI, the opportunities and challenges that come with it, and why what we see right now is just the tip of the technology iceberg. They cover:

• How LPs think about AI (2:10);
• Our observations on Responsible AI (3:50);
• Fair data economy (6:57)
• Best practices in risk management (9:08)
• GPs’ value proposition (12:22)
• How LPs can mitigate risk (16:56)

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In this episode of RPM, Jeff Giller, Partner and Head of Real Estate, and Margaret McKnight, Partner and Head of Portfolio Solutions for StepStone Real Estate, join co-host Anna Marcus to discuss our recent Real Estate Liquidity Insights report, which analyzes fund level cash flows and trends shaping liquidity in the real estate market. They cover:

• Deployment trends (1:35);
• Technical factors (2:16);
• Behavioral factors (5:02);
• Lack of sales and distributions (7:28);
• The opportunity for investors (12:17).

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In this episode of RPM, Geoffrey Dolan, a partner on our Private Equity team in New York, joins co-host Anna Marcus to break down the competitive dynamics of the private equity co-investment market. They cover:

• Our GP survey (1:43);
• What’s driving deal flow (5:58);
• Co-investments' value-add  (7:29);
• Potential challenges for LPs (11:46);
• How LPs can stand out (13:24); and
• Strong co-investment portfolios (14:28).

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In this episode of RPM, Bhavika Vyas, Managing Director and member of StepStone’s Private Equity team, and special guest Julio Friedmann, Chief Scientist, Carbon Direct, join co-host Maribel Yoo to revisit the conversation on energy transition investing. They evaluate the impact of the Inflation Reduction Act (IRA) two years post-enactment, highlighting advancements in climate solutions and global investment opportunities.

They cover:

• Energy transition opportunities (2:24);
• Post-IRA investment risks (5:45);
• Project execution bottlenecks (8:05);
• Global investment trends (12:26); and
• Climate portfolio strategy (16:06).

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