ASB Capital Partners with StepStone in Launching a Private Markets Offering: ASB StepStone Private Financing Fund
Business Wire•05/10/2026•06:50 ET
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Key Highlights
- ➤ASB Capital, $10.2B AUM, partners with StepStone to launch private financing fund
- ➤Fund offers Shari’a compliant private financing focused on current income and capital appreciation
- ➤Open-ended perpetual structure provides flexible subscriptions and redemptions
- ➤Strategy predominantly targets senior secured financing for US middle-market companies
- ➤StepStone manages approximately $245B AUM and provides private-markets capabilities
Expert Statements
Rafik Nayed, Managing Director of ASB Capital
“The ASB StepStone Private Financing Fund represents a significant milestone in the development of our private markets platform. Investors are increasingly seeking actively managed income-generating strategies that can diversify their portfolios beyond traditional assets. Through our partnership with StepStone, we are providing clients with access to a diversified private financing strategy supported by institutional investment capabilities and disciplined portfolio construction.”
Hans-Jörg Baumann, Chairman and Founding Partner of StepStone Private Debt
“Private financing can play an important role in diversified portfolios by providing access to contractual income and opportunities that are not generally available through public markets. We are pleased to partner with ASB Capital, one of the region’s fastest growing asset managers, to make a diversified private financing strategy available to investors, combining our global private-markets capabilities with ASB Capital’s reach and expertise.”
ASB Capital Partners with StepStone in Launching a Private Markets Offering: ASB StepStone Private Financing Fund
ASB Capital, a purpose-driven asset and wealth management firm with assets under management (AUM) of USD 10.2 billion, announced its partnership with Stepstone (Nasdaq: STEP) to launch the ASB StepStone Private Financing Fund. The Fund will provide investors with access to a Shari’a compliant diversified private financing strategy focused on current income and capital appreciation.
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