Key Topics
- Why now for venture capital and growth equity
- An overview of the StepStone Private Venture and Growth Fund (SPRING)
- Exclusive access for LGT Crestone clients
As public markets continue to be whipsawed by fears of a global recession and rising interest rates, investors have been putting increasing amounts of capital to work in private markets including private equity, debt and venture capital. This year’s turbulence, particularly across the technology sector has provided a healthy recalibration for the venture ecosystem. As valuations trend towards more appropriate levels, today’s opportunity set is a compelling one for those with the experience, focus, and appropriate platform.
At LGT Crestone, we have established a reputation of excellence for providing access to private markets, partnering with some of the leading investment managers and allocators worldwide. Today, we are delighted to build on one such partnership, being Greenspring Associates, now part of the Stepstone Group (Stepstone) following its acquisition in late 2021. LGT Crestone will be a global cornerstone investor in the StepStone Private Venture and Growth Fund (SPRING) providing LGT Crestone clients access to the world’s first unlisted, diversified, open-end venture capital and growth strategy, on preferential terms.
Hear from StepStone's Brian Borton and Tom Fitzherbert-Brockholes, alongside Phil Cummins, on opportunities in venture capital and growth equity and the why a platform is critical to success in venture capital in particular.
Guests speakers
Brian Borton | Partner | StepStone
Mr Borton is a member of the private equity team, focusing on venture capital and growth equity investments, and a portfolio manager for the Stepstone Private Venture and Growth Fund. Prior to joining StepStone in 2012, Mr. Borton was an investment banking associate at Focus Strategies, where he advised middle-market clients on mergers and acquisitions, recapitalizations, private placements, and corporate strategy.
Phil Cummins | Managing Director | StepStone
Mr Cummins is a member of the private equity team, focusing on venture capital and growth equity investments. Prior to StepStone, Mr. Cummins was a venture partner with Greenspring Associates. Before that, he spent 13 years with QIC Global Private Equity in Australia where he helped lead their private equity program.
Tom Fitzherbert-Brockholes | Managing Director | StepStone
Mr. Fitzherbert-Brockholes is a Managing Director on StepStone’s private equity team, focusing on venture capital and growth equity investments, and a portfolio manager for the Stepstone Private Venture and Growth Fund. Mr. Fitzherbert-Brockholes joined StepStone from Greenspring Associates, a venture capital and growth equity investment firm that merged with StepStone in 2021, where, as a Director, he led their investment activities in Europe.
