ASB Capital and StepStone Launch Equity Fund

ASB Capital, a company specializing in asset management with $10.2 billion under management, and StepStone have announced the launch of the ASB StepStone Private Equity Fund. The fund focuses on providing legally agreed-upon financing to mid-sized companies in the United States. Its goal is to generate steady income and capital growth, with an open-ended structure to allow greater flexibility in investments and exits. The fund primarily targets secured senior-grade financing and supports ASB Capital's expansion into private debt markets, addressing the demand for income-generating, Sharia-compliant alternative investments. Through this partnership, ASB will benefit from a global investment platform managing approximately $245 billion in assets, enhancing portfolio diversification and delivering stable returns for investors.