ASB Capital and StepStone Launch Investment Product

ASB Capital, a company specialized in asset management with a value of $10.2 billion, and its partner StepStone, announced the launch of the ASB StepStone Private Equity Fund. This fund invests in a diversified range of strategies that comply with Shariah principles, with the goal of generating steady income and capital growth. The fund focuses on financing medium-sized companies in the U.S. market, featuring an open structure for flexibility in investments and exit strategies. It aims to deliver attractive returns while minimizing risks through sector and borrower diversification. This partnership allows investors to benefit from StepStone's global investment platform expertise, which manages assets worth $245 billion, thereby supporting ASB Capital’s expansion into private markets and offering alternative investment strategies to enhance portfolio balance and diversification.