Zencity Technologies Ltd. announced that it has received $40 million in funding from StepStone Group LP, TLV Partners LLC
June 17, 2024
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Zencity Technologies Ltd. announced that it has raised $40 million in a round of funding led by new investor StepStone Group LP on June 18, 2024. The transaction included participation from returning investor TLV Partners LLC
StepStone Group Inc. is a private markets investment firm. The Company is focused on providing customized investment solutions and advisory, data and administrative services to its clients. It partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. Its portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. Its solutions are offered across various commercial structures, including separately managed accounts, focused commingled funds, advisory, data and administrative services, and portfolio analytics and reporting. Its advisory, data and administrative services include recurring support of portfolio construction and design, and discrete or project-based due diligence.