In this episode of the Wealth Management Invest podcast, host David Bodamer sits down with Bob Long, CEO and partner of StepStone Private Wealth, to explore StepStone’s approach to developing private market investments for the wealth channel.

Long discusses why Stepstone has opted for evergreen funds—semi-liquid, continuously invested structures rather than traditional drawdown funds. Such vehicles feature simplified tax reporting, no capital calls, and lower minimums, opening access to a wider range of investors.

Key highlights from the episode include:

• An explanation for how evergreen fund structures provide access to investors typically cut off from alternative investments
• A discussion of how Stepstone uses the semi-liquid structure across several alternative asset classes including infrastructure, private equity, and private credit.
• How financial advisors are using semi-liquid funds in some clients’ portfolios
• And more

Connect With David Bodamer:

• david.bodamer@informa.com
• WealthManagement.com
• LinkedIn: David Bodamer
• LinkedIn: Informa

Connect With Bob Long:

• StepStone Private Wealth
• LinkedIn: Bob Long

About Our Guest:

Mr. Long has three decades of experience in the private markets and has led investment teams for global firms in both the general partner and limited partner roles. He has served as the CEO of two publicly traded companies focused on expanding private market access for high-net-worth investors.