London Stock Exchange Welcomes StepStone Group to Its DMI Platform

Why It Matters

By embedding its strategies in LSEG’s DMI platform, StepStone expands institutional access to private assets while enhancing data quality, accelerating the maturation of private markets for wealth managers and investors.

Key Takeaways

• StepStone adds evergreen private market strategies to LSEG’s DMI platform
• FTSE StepStone indices provide daily fund‑level benchmarks for private assets
• Distributed‑ledger technology streamlines onboarding for eligible professional investors
• Enhanced data integrity aims to mature private markets for wealth managers

Pulse Analysis

London Stock Exchange Group’s Digital Markets Infrastructure (DMI) platform is positioning itself as a conduit for private‑market liquidity, and the addition of StepStone Group marks a significant milestone. StepStone, a global private‑markets manager with $811 billion under oversight, will now offer its evergreen private‑equity, debt and infrastructure strategies through LSEG’s streamlined onboarding process. The partnership leverages LSEG’s robust market‑grade infrastructure, giving professional investors a single gateway to a diversified suite of private‑asset products that were previously fragmented across multiple platforms.

The collaboration also builds on the FTSE StepStone Global Private Market Indices, launched in 2025, which deliver daily fund‑level benchmarks for private assets—a first in an industry traditionally hampered by opaque pricing. These indices bring public‑market‑style transparency to private investments, allowing investors to gauge performance in near real‑time and align private‑market exposure with broader portfolio objectives. By integrating these benchmarks into the DMI ecosystem, StepStone enhances the credibility and comparability of its offerings, a critical factor for institutional investors seeking consistent data across asset classes.

Underlying the technical rollout is distributed‑ledger technology, which automates compliance checks and reduces onboarding friction for eligible investors. This not only accelerates capital deployment but also fortifies data integrity, a cornerstone for the long‑term maturation of private markets. As more asset managers seek efficient distribution channels, LSEG’s DMI platform could become a de‑facto standard, prompting competitors to adopt similar ledger‑based solutions and reshaping the private‑markets landscape toward greater openness and scalability.