StepStone Launches Portfolio Tool to Bridge Private and Public Markets
Event summary
- StepStone launched the Total Portfolio Allocator on October 14, 2026, an interactive tool for portfolio construction.
- The tool integrates SPI by StepStone’s data on 20,000 GPs, 53,000 funds, and 304,000 underlying investments.
- Target users include wealth managers, family offices, and small institutions.
- StepStone manages $913B in total capital, including $245B in AUM as of June 30, 2026.
The big picture
StepStone’s move reflects the growing demand for tools that simplify private markets exposure for non-institutional investors. The launch aligns with broader industry trends toward democratizing access to alternative investments, particularly as wealth managers seek to optimize risk-adjusted returns in volatile public markets. With $245B in AUM, StepStone is leveraging its scale to position itself as a key enabler of private markets integration in mainstream portfolio construction.
What we're watching
- Adoption Pace
- How quickly wealth managers and institutions integrate the tool into their workflows.
- Data Differentiation
- Whether SPI by StepStone’s proprietary data provides a lasting competitive edge.
- Regulatory Scrutiny
- The extent to which private markets portfolio tools face increased oversight.
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