LPs

StepStone hires Tracy Harris from Grosvenor to focus on small funds

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AT&T, Canterbury Consulting, private equity, pension
Photo courtesy of iStock/NicoElNino
  • Tracy Harris joins StepStone as a managing director
  • To focus on small buyout, growth and venture funds
  • Previously worked in GCM Grosvenor’s Customized Fund Investment Group

Tracy Harris, a former executive at GCM Grosvenor, joined StepStone Group to focus on small buyout, growth and venture capital investing, according to an internal memo seen by Buyouts.

Harris, who has changed her LinkedIn profile to reflect the new role, joins StepStone as a managing director, according to the memo. She also will focus on business development, the memo said.

Prior to StepStone, Harris worked in Grosvenor’s Customized Fund Investment Group. (Grosvenor acquired the group from Credit Suisse in 2014.) Harris mainly focused on in-state and small and emerging private equity programs, the memo said.

Prior to Grosvenor, Harris worked as a partner at Parish Capital Advisors, where she co-led the investment team. She also oversaw marketing and investor relations, the memo said. She worked at Parish from 2004 to 2012, according to her LinkedIn profile.

StepStone oversees $75 billion, including $14 billion of assets under management, according to the firm’s website. StepStone creates customized portfolios for its clients, which include state pension systems of Connecticut and Pennsylvania.

StepStone and Grosvenor did not respond to requests for comment.

Action Item: StepStone can be reached at info@stepstoneglobal.com

Hiring concept photo ©iStock/NicoElNino