StepStone Group

StepStone Group, Inc. is a global private markets investment firm. It focuses on providing customized investment solutions and advisory and data services to clients. The firm serves public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. The company was founded by Monte M. Brem, Jose A. Fernandez, Steve R. Mitchell, Thomas Porter Keck, and Robert A. Waldo in January 2007 and is headquartered in New York, NY.

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StepStone reports robust Q1 performance, addresses analyst concerns, and highlights growth opportunities

StepStone's Q1 2023 earnings call showcased strong financial performance, driven by robust growth in fee related assets under management and earnings per share. While the company reported solid results, analyst questions highlighted areas of potential concern and uncertainty. However, opportunities for further expansion and diversification were also evident, with an upcoming Investor Day to present strategic plans.

StepStone reports strong fee-related earnings and eyes diversification opportunities

StepStone's strong fee-related earnings growth and increased management and advisory fees demonstrate the company's resilience and potential for expansion. While facing challenges in diversifying sourcing channels and operational implementation, the company is well-positioned to capitalize on growing co-invest and secondaries opportunities, as well as the potential in real estate special situations secondaries strategy.

StepStone Group reports mixed Q3 results, eyes market opportunities

StepStone Group's Q3 performance reflects a mix of financial strength and challenges in private markets. Despite anticipating market corrections, the company remains optimistic about future volumes and opportunities for growth. With a strategic focus on specialization and margin improvement, StepStone aims to navigate evolving market conditions and drive long-term profitability.

StepStone Group posts solid Q4 results, eyes growth opportunities

StepStone Group's Q4 2023 performance reflects financial strength and operational efficiency, supported by growth in fee related earnings and assets under management.
Despite challenges such as market uncertainties and the impact of external events, StepStone's strategic focus on private markets and investment performance remains robust.
The company's proactive approach to hiring key talent and pursuing growth opportunities underscores their commitment to expanding market presence and driving shareholder value.

StepStone Group reports robust Q1 earnings, eyes growth opportunities

StepStone Group's Q1 2024 performance showcased strong earnings growth, significant inflows, and a focus on diversification and expansion in key markets.
The company's strengths in fee-related earnings, secondaries strategy, and wealth platform growth position it well for future opportunities.
While facing challenges in private equity deal activity and potential hurdles in innovation, StepStone Group has opportunities to leverage its market presence and drive growth.

StepStone Group reports strong Q2 earnings, eyes fee-related growth

StepStone Group delivered solid Q2 2024 earnings, with a focus on fee-related earnings growth and expanding FRE margin over the medium to long term.
Despite challenges like lower net realizations and timing impacts on revenue growth, StepStone remains optimistic about growth and client service.
The company showcased strengths in successful fund closings, strong demand for secondaries investments, and substantial growth in the private wealth platform.
Opportunities lie in real estate recapitalizations, private credit, and technology investments, with a strategic focus on long-term success and doubling fee-related earnings.

StepStone Group reports mixed Q3 results, focuses on expansion

StepStone Group delivered a mixed financial performance in Q3 2024, reporting a GAAP net loss alongside strong fee-related earnings growth and new commitments. The company's strategic focus on acquiring noncontrolling interests and launching new funds reflects a commitment to expansion and innovation.
Despite financial challenges and integration complexities, StepStone's recognition as a top employer, positive LP sentiment, and ongoing fundraising efforts position the firm well for future growth and success. Navigating contingencies and seizing opportunities in key strategies will be crucial for sustained performance.
With a clear emphasis on employee satisfaction, strategic acquisitions, and fund launches, StepStone Group aims to strengthen its market position, enhance investor confidence, and drive long-term value creation. Managing challenges effectively while capitalizing on growth opportunities will be key priorities for the company.

StepStone Group reports robust Q4 performance and outlines growth strategy

StepStone Group delivered a strong performance in Q4 2024, with significant growth in new commitments, private wealth subscriptions, and fee-related earnings.
The company aims to double fee-related earnings over 5 years, expand FRE margins, and sustain margin improvement in fiscal 2025, reflecting a commitment to long-term growth.
Despite challenges in maintaining growth momentum and addressing market uncertainties, StepStone's strategic focus on revenue enhancement and shareholder value creation positions it well for future opportunities.

StepStone Group posts strong Q2 earnings amidst market challenges

StepStone Group delivered strong financial performance in Q2 2025, driven by robust fee-related earnings and adjusted net income growth.
The company's proactive debt management and successful client engagement at the StepStone 360 Conference underscore its financial strength and market positioning.
While facing challenges in liquidity and capital deployment, StepStone Group has opportunities to leverage positive market sentiment, expand offerings, and optimize its capital structure.

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StepStone Group, Inc. is a private markets investment firm. It focuses on providing customized investment solutions and advisory and data services to clients. The firm serves public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. The company was founded by Monte M. Brem, Jose A. Fernandez, Steve R. Mitchell, Thomas Porter Keck, and Robert A. Waldo in January 2007 and is headquartered in New York, NY.

CHARLOTTE, N.C., April 26, 2022 (GLOBE NEWSWIRE) -- Conversus, an investment platform designed to expand access to the private markets for high net worth and accredited investors, today announced that its inaugural fund, Conversus StepStone Private Markets (“CPRIM”), has surpassed $500 million of assets under management (“AUM”). CPRIM, which offers accredited investors diversified, global exposure to the major private market asset classes—private equity, real assets, including infrastructure and real estate, and private debt—in a single investment, was launched on October 1, 2020, achieving this AUM milestone within 18 months. Conversus acts as adviser to CPRIM and is a wholly owned business of StepStone Group LP (“StepStone”), which acts as sub-adviser.

Conversus StepStone Private Markets Exceeds $500 Million in Assets Under Management within 18 Months

NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, announced that on February 18, 2022, it completed the structuring of a USD 102.5 million public offering of a securitized portfolio of direct loans via Certificados Bursátiles Fiduciarios on Mexico's BIVA stock exchange.

StepStone Group Sponsors a USD 102.5 Million Direct Lending Offering on Mexico's BIVA Stock Exchange

StepStone Group Inc. (STEP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can StepStone Group Inc. (STEP) Run Higher on Rising Earnings Estimates?

The consensus price target hints at a 32.8% upside potential for StepStone Group Inc. (STEP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe StepStone Group Inc. (STEP) Could Rally 33%: Here's is How to Trade

NEW YORK, Feb. 16, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, has named 5 new partners and 12 new managing directors.

StepStone Group Announces Partner and Managing Director Promotions

StepStone Group Inc. (STEP) CEO Scott Hart on Q3 2022 Results - Earnings Call Transcript

NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended December 31, 2021. This represents results for the third quarter for the fiscal year ending March 31, 2022. The Board of Directors of the Company has declared a quarterly cash dividend of $0.15 per share of Class A common stock, payable on March 15, 2022, to the holders of record as of the close of business on February 28, 2022.

StepStone Group Reports Third Quarter Fiscal Year 2022 Results

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ending December 31, 2021 after the market closes on Tuesday, February 8, 2022. This represents results for the third quarter of the fiscal year ending March 31, 2022.

StepStone Group to Announce Third Quarter Fiscal 2022 Results on February 8, 2022

StepStone Group went public in September 2020, raising $315 million in an IPO. The firm provides institutions and accredited investors with access to private market investments across a range of asset classes.

StepStone Group Broadens Platform As Private Growth Assets Shine

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The company announced a secondary offering of common stock.

Why Shares of StepStone Group Fell Today

StepStone Group Inc. (STEP) Co-CEO Scott Hart on Q2 2022 Results - Earnings Call Transcript

NEW YORK, Nov. 10, 2021 (GLOBE NEWSWIRE) -- StepStone Group, Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today announced the final closing of StepStone Tactical Growth Fund III ("STGF III"), raising more than $690M of commitments. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisors for the formation of the fund.

StepStone Group Closes Third Tactical Growth Fund With Over $690 Million in Capital Commitments

Scott Hart to become sole Chief Executive Officer, Monte Brem to be named Executive Chairman Scott Hart to become sole Chief Executive Officer, Monte Brem to be named Executive Chairman

StepStone Group Announces Leadership Transition

MUNICH, Germany, Nov. 03, 2021 (GLOBE NEWSWIRE) -- StepStone Real Estate (“SRE”), a global investment manager and advisor and BVK, Germany's largest pension group under public law, announced today that they have formed a €300 million investment partnership to provide secondary liquidity to investors and managers of private real estate vehicles. The fund structure is administered by service platform and alternative investment fund manager Universal-Investment-Luxembourg S.A. The investment partnership will target secondaries in opportunistic, value-added, and core-plus funds predominantly in the United States and the Asia-Pacific region. When aggregated with StepStone Real Estate Partners IV, SRE's most recent secondaries fund, and its other separate accounts, SRE has more than $1.5 billion of unfunded commitments to invest in limited partner- and general partner-led real estate secondary opportunities.

StepStone Real Estate, BVK and Universal-Investment Form Partnership to Acquire Secondaries Globally

StepStone Group (STEP) has been struggling lately, but the selling pressure may be coming to an end soon.

StepStone Group (STEP) Sees Hammer Chart Pattern: Time to Buy?

Transaction Adds More Than $9 Billion in Fee-earning Assets under Management Combined Firm Has More Than $100 Billion of Assets under Management

StepStone Group Completes Acquisition of Greenspring Associates

Conversus Recognized for Alternatives Asset Manager and Private Equity Initiative of the Year Conversus Recognized for Alternatives Asset Manager and Private Equity Initiative of the Year

Conversus StepStone Private Markets Wins Two 2021 WealthManagement.com Industry Awards

STEP is an investment firm offering private markets portfolios and a proprietary database with information about private equity, infrastructure, private debt, and real estate asset classes.

StepStone's Private Investments Are Worth Much More

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StepStone Group Inc. (STEP) CEO Scott Hart on Q1 2022 Results - Earnings Call Transcript

NEW YORK, Aug. 10, 2021 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended June 30, 2021. This represents results for the first quarter for the fiscal year ending March 31, 2022. The Board of Directors of the Company has declared a quarterly cash dividend of $0.07 per share of Class A common stock, payable on September 15, 2021, to the holders of record as of the close of business on August 31, 2021.

StepStone Group Reports First Quarter Fiscal Year 2022 Results

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that Scott Hart, Co-CEO, and Mike McCabe, Head of Strategy, will present at the UBS Financial Services Virtual Conference on Wednesday, August 11, 2021 at 11:00 am ET. A live webcast and replay will be accessible through the StepStone website at https://shareholders.stepstonegroup.com.

StepStone Group to Present at the UBS Financial Services Virtual Conference

NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ending June 30, 2021 after the market closes on Tuesday, August 10, 2021. This represents results for the first quarter of the fiscal year ending March 31, 2022.

StepStone Group to Announce First Quarter Fiscal 2022 Results on August 10, 2021

As of late, it has definitely been a great time to be an investor in StepStone Group Inc. (STEP).

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