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.

Earnings data Q4 2021

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Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

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.

StepStone Group Inc. (NASDAQ:STEP ) Q2 2025 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Seth Weiss - Vice President-Investor Relations Scott Hart - Chief Executive Officer Mike McCabe - Head-Strategy David Park - Chief Financial Officer Jason Ment - President & Co-Chief Operating Officer Conference Call Participants Alex Blostein - Goldman Sachs Ben Budish - Barclays Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Operator Good day and thank you for standing by. Welcome to the StepStone Second Quarter of Fiscal Year 2025 Conference Call and Webcast.

StepStone Group Inc. (STEP) Q2 2025 Earnings Call Transcript

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.26 per share a year ago.

StepStone Group Inc. (STEP) Surpasses Q2 Earnings Estimates

StepStone Group Inc. (STEP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, STEP crossed above the 20-day moving average, suggesting a short-term bullish trend.

StepStone Group Inc. (STEP) Recently Broke Out Above the 20-Day Moving Average

StepStone Group (STEP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

StepStone Group Inc. (STEP) Earnings Expected to Grow: Should You Buy?

NASHVILLE, Tenn. & PRINCETON, N.J.--(BUSINESS WIRE)--Growth equity investment firm Edison Partners today announced leading a $115 million growth investment in New York-based Fingercheck, which provides a state-of-the-art, all-in-one workforce management platform for small and medium businesses (SMBs) with ‘deskless' workforces. StepStone Group [NASDAQ: STEP] and Columbus Capital also participated in the investment. Fingercheck was advised by KPMG Corporate Finance. The company is also announcin.

Edison Partners Leads $115M Growth Investment in Fingercheck

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. This represents results for the second quarter of the fiscal year ending March 31, 2025.

StepStone Group to Announce Second Quarter Fiscal 2025 Results on November 7, 2024

StepStone Group (STEP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will StepStone Group (STEP) Beat Estimates Again in Its Next Earnings Report?

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- StepStone Private Wealth (“SPW”) today announced that it has hired two senior-level executives in marketing and RIA relationship management to support its continued growth. Berta Aldrich has been named Managing Director and Global Head of Private Wealth Marketing and David Robbins has been named Director of Enterprise RIA Relationship Management. Both joined SPW earlier this month.

StepStone Private Wealth Adds Marketing, RIA Relationship Executives

StepStone Group (STEP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes StepStone Group (STEP) a New Strong Buy Stock

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NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Private Wealth (“SPW”) today announced it has surpassed $5 billion in global assets under management, making it one of the fastest growing private market asset managers serving financial professionals and their high net worth clients.

StepStone Private Wealth Surpasses $5 Billion in AUM Milestone

Women's healthcare company Maven Clinic announced it has raised $125 million in its latest funding round, led by private market investment firm StepStone Group (STEP, Financial), bringing its valuation to $1.7 billion. This round also saw participation from existing investors General Catalyst, Sequoia, Oak HC/FT, Icon Ventures, Dragoneer Investment Group, and Lux Capital.

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NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions, advisory, and data services, today announced the final close of StepStone Secondary Opportunities Fund V, L.P.

StepStone Group Completes Fundraising for Fifth Private Equity Secondaries Program at $7.4 billion

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (“StepStone”) today announced the pricing of the previously announced underwritten offering of 4,099,997 shares of StepStone's Class A common stock, at a price of $50.00 per share (before underwriting discounts and commissions) (the “Offering”). The Offering is expected to close on September 11, 2024, subject to the satisfaction of customary closing conditions.

StepStone Announces Pricing of Secondary Offering

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (“StepStone”) today announced that it intends to offer for sale in an underwritten offering 4,099,997 shares of StepStone's Class A common stock (the “Offering”).

StepStone Announces Secondary Offering

NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that Scott Hart, CEO, and Mike McCabe, Head of Strategy, are scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 2:00 pm ET. A live webcast and replay will be accessible through the StepStone website at https://shareholders.stepstonegroup.com.

StepStone Group to Present at the Barclays Global Financial Services Conference

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StepStone Group LP (NASDAQ:STEP ) Q1 2025 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Seth Weiss – Vice President-Investor Relations Scott Hart – Chief Executive Officer Jason Ment – President and Co-Chief Operating Officer Mike McCabe – Head-Strategy David Park – Chief Financial Officer Conference Call Participants Kenneth Worthington – JPMorgan Michael Cyprys – Morgan Stanley Adam Beatty – UBS Operator Good day, and thank you for standing by. Welcome to the First Fiscal Quarter 2025 StepStone Group, Inc. Earnings Conference Call.

StepStone Group LP (STEP) Q1 2025 Earnings Call Transcript

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.26 per share a year ago.

StepStone Group Inc. (STEP) Q1 Earnings and Revenues Surpass Estimates

NEW YORK, Aug. 08, 2024 (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, 2024. This represents results for the first quarter of the fiscal year ending March 31, 2025. The Board of Directors of the Company has declared a quarterly cash dividend of $0.24 per share of Class A common stock, payable on September 13, 2024, to the holders of record as of the close of business on August 30, 2024.

StepStone Group Reports First Quarter Fiscal Year 2025 Results

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended June 30, 2024, after the market closes on Thursday, August 8, 2024. This represents results for the first quarter of the fiscal year ending March 31, 2025.

StepStone Group to Announce First Quarter Fiscal 2025 Results on August 8, 2024

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