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 Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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 LP (STEP) Q3 2024 Earnings Call Transcript

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.27 per share a year ago.

StepStone Group Inc. (STEP) Beats Q3 Earnings Estimates

NEW YORK, Feb. 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 December 31, 2023. This represents results for the third quarter of the fiscal year ending March 31, 2024. The Board of Directors of the Company has declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on March 15, 2024, to the holders of record as of the close of business on February 29, 2024.

StepStone Group Reports Third Quarter Fiscal Year 2024 Results

StepStone Group Inc. (STEP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate StepStone Group Inc. (STEP) to Report a Decline in Earnings: What to Look Out for

NEW YORK, Feb. 01, 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, has named 8 new partners and 18 new managing directors.

StepStone Group Announces 2024 Partner and Managing Director Promotions

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended December 31, 2023 after the market closes on Thursday, February 8, 2024. This represents results for the third quarter of the fiscal year ending March 31, 2024.

StepStone Group to Announce Third Quarter Fiscal 2024 Results on February 8, 2024

NEW YORK, Dec. 11, 2023 (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 it has been named one of the Best Places to Work in Money Management by Pensions & Investments. The publication's 12th annual survey is dedicated to identifying and recognizing the best employers in the money management industry.

StepStone Group Recognized Among Best Places to Work in Money Management by Pensions & Investments

UMB Financial

MILWAUKEE--(BUSINESS WIRE)--UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), announced today its service expansion for StepStone Group Private Wealth LLC, part of StepStone Group Inc. (NASDAQ: STEP), one of the largest asset managers focused exclusively on private markets. UMBFS, who provides fund administration, fund accounting, custody, transfer agency and distribution services for StepStone's flagship fund, recently assisted with the transition to da.

UMB Fund Services Assists StepStone Private Wealth with Flagship Fund Transition to Daily Admittance, Launch of New Infrastructure Fund

NEW YORK, Nov. 14, 2023 (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 introduces SPI by StepStone, a suite of applications providing proprietary data, research, and tools to StepStone's clients and investment teams.

StepStone Group Unveils SPI by StepStone, A Leading Intelligence Platform for Private Markets

StepStone Group LP (NASDAQ:STEP ) Q2 2024 Earnings Conference Call November 6, 2023 5:00 PM ET Company Participants Seth Weiss - Head, IR Scott Hart - CEO Mike McCabe - Head, Strategy Johnny Randel - CFO Jason Ment - President & Co-Chief Operating Officer Conference Call Participants Ben Budish - Barclays Ken Worthington - JPMorgan Adam Beatty - UBS Alex Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley Operator Good day, and welcome to the StepStone Group Second Quarter Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

StepStone Group LP (STEP) Q2 2024 Earnings Call Transcript

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.33 per share a year ago.

StepStone Group Inc. (STEP) Q2 Earnings Miss Estimates

NEW YORK, Nov. 06, 2023 (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 that David Y. Park has been appointed Chief Financial Officer (CFO), effective January 1, 2024. Mr. Park will be succeeding Johnny Randel, who has served as CFO since 2010, and is retiring at the end of the calendar year.

StepStone Group Appoints David Park as Chief Financial Officer, Following Retirement of Johnny Randel

NEW YORK, Nov. 06, 2023 (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 September 30, 2023. This represents results for the second quarter of the fiscal year ending March 31, 2024. The Board of Directors of the Company has declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on December 15, 2023, to the holders of record as of the close of business on November 30, 2023.

StepStone Group Reports Second Quarter Fiscal Year 2024 Results

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended September 30, 2023 after the market closes on Monday, November 6, 2023. This represents results for the second quarter of the fiscal year ending March 31, 2024.

StepStone Group to Announce Second Quarter Fiscal 2024 Results on November 6, 2023

NEW YORK , Aug. 10, 2023 /PRNewswire/ -- WindRose Health Investors, LLC ("WindRose"), a leading healthcare-focused private equity firm, announced that its portfolio company, Healthmap Solutions, Inc. ("Healthmap"), has raised $100 million to support the ongoing expansion of its business. Healthmap is a national population health management company focused on kidney disease.

WindRose Portfolio Company Healthmap Raises $100 Million to Continue Fighting Kidney Disease

StepStone Private Infrastructure Fund (“STRUCTURE”) is an investor-friendly, evergreen private infrastructure fund for accredited investors and smaller institutions StepStone Private Infrastructure Fund (“STRUCTURE”) is an investor-friendly, evergreen private infrastructure fund for accredited investors and smaller institutions

StepStone Private Wealth Launches Infrastructure Fund

StepStone Group Inc. (NASDAQ:STEP ) Q1 2024 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Seth Weiss - Head, Investor Relations Scott Hart - Chief Executive Officer Mike McCabe - Head, Strategy Johnny Randel - Chief Financial Officer Jason Ment - President & Co-Chief Operating Officer Conference Call Participants Ben Budish - Barclays Ken Worthington - JPMorgan Adam Beatty - UBS Alex Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley John Dunn - Evercore ISI Operator Good afternoon ladies and gentlemen and welcome to StepStone's Fiscal First Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.

StepStone Group Inc. (STEP) Q1 2024 Earnings Call Transcript

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.41 per share a year ago.

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

NEW YORK, Aug. 03, 2023 (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, 2023. This represents results for the first quarter of the fiscal year ending March 31, 2024. The Board of Directors of the Company has declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on September 15, 2023, to the holders of record as of the close of business on August 31, 2023.

StepStone Group Reports First Quarter Fiscal Year 2024 Results

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Zumiez

After covering second-quarter corporate insider activity among mid-cap and large-caps, today's article will cover on the most interesting insider purchases for small-cap companies. Corporate insiders at American Assets Trust, National Vision, Skillz, Enviva, Heartland Express, and Zumiez have been buying significant amounts of shares, signaling confidence in their respective companies. Other notable insider activity among small-cap stocks includes B. Riley Financial, Cannae Holdings, i3 Verticals, whose CEOs have bought million worth of stock in the second quarter.

Strong Small-Cap Insider Buys: Q2 2023

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- StepStone Private Wealth (“SPW”) today announced that StepStone Private Markets (“SPRIM™”), SPW's core private markets evergreen fund, began publishing a daily net asset value (“NAV”) allowing investors to invest on a daily basis effective July 17.

StepStone Private Markets (SPRIM) Transitions to Daily Admittance and Daily Valuation

StepStone Group Inc. provides access to private asset markets. The firm has been hard hit by a rapidly rising cost-of-capital environment. With leading economic indicators flashing recession ahead, though, the firm appears well positioned to take advantage of private market opportunities.

StepStone Group Appears Positioned For Private Fund Market Opportunities

NEW YORK, July 20, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended June 30, 2023 after the market closes on Thursday, August 3, 2023. This represents results for the first quarter of the fiscal year ending March 31, 2024.

StepStone Group to Announce First Quarter Fiscal 2024 Results on August 3, 2023

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), announced today that it was the recipient of the 2023 IPE Real Estate Global Awards' Investment Consultancy of the Year.

StepStone Real Estate Named Consultancy of the Year By IPE Real Estate for Second Consecutive Year

StepStone Group Inc. (NASDAQ:STEP ) Q4 2023 Results Conference Call May 24, 2023 5:00 PM ET Company Participants Seth Weiss - Investor Relations Scott Hart - Chief Executive Officer Jason Ment - President and Co-Chief Operating Officer Mike McCabe - Head of Strategy Johnny Randel - Chief Financial Officer Conference Call Participants Ken Worthington - J.P. Morgan Ben Budish - Barclays Operator Greetings.

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