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

Earnings data Q1 2022

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Earnings data Q3 2024

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Earnings data Q1 2025

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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 ) Q1 2023 Earnings Conference Call August 4, 2022 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 Conference Call Participants Michael Cyprys - Morgan Stanley Ken Worthington - JPMorgan Alex Blostein - Goldman Sachs Adam Beatty - UBS Operator Welcome to the StepStone Fiscal First Quarter 2023 Earnings Call. At this time, all participants will be in a listen-only mode.

StepStone Group Inc. (STEP) CEO Scott Hart on Q1 2023 Results - Earnings Call Transcript

StepStone Group Inc. (STEP) delivered earnings and revenue surprises of 36.67% and 0.62%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

StepStone Group Inc. (STEP) Beats Q1 Earnings Estimates

NEW YORK, Aug. 04, 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 June 30, 2022. This represents results for the first quarter for the fiscal year ending March 31, 2023. The Board of Directors of the Company has declared a quarterly cash dividend of $0.20 per share of Class A common stock, payable on September 15, 2022, to the holders of record as of the close of business on August 31, 2022.

StepStone Group Reports First Quarter Fiscal Year 2023 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.

Earnings Preview: StepStone Group Inc. (STEP) Q1 Earnings Expected to Decline

NEW YORK--(BUSINESS WIRE)--ACRE, a global real estate private equity firm, today announced it has secured a $300 million capital commitment from StepStone Group as part of a new strategic partnership. The commitment from StepStone, a global private markets investment firm and one of the world's largest institutional consultancies, is broad-based and underpinned by a recapitalization of a 1500-unit portfolio from ACRE's previous funds; a joint venture focused on development opportunities in high

ACRE Secures $300M Investment From StepStone Group

NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that Mike McCabe, Head of Strategy, will present at the UBS Financial Services Conference on Tuesday, August 9, 2022 at 9:30 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 Conference

NEW YORK, July 21, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ending June 30, 2022 after the market closes on Thursday, August 4, 2022. This represents results for the first quarter of the fiscal year ending March 31, 2023.

StepStone Group to Announce First Quarter Fiscal 2023 Results on August 4, 2022

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--RedBird Capital and StepStone Group announced a definitive agreement to acquire a majority stake in Talent Systems.

RedBird Capital Partners to Acquire Talent Systems, The Industry's Premier Tech-Driven Global Casting Marketplace

Los Angeles, California--(Newsfile Corp. - July 15, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of StepStone Group Inc. ("StepStone" or "the Company") (NASDAQ: STEP) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.If you are a shareholder who suffered a loss, click here to...

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in StepStone Group Inc. with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $STEP #STEP--The Schall Law Firm Encourages Investors in StepStone Group Inc. with Losses to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in StepStone Group Inc. with Losses to Contact the Firm

CPRIM Lux is a comprehensive private markets investment solution designed for high-net-worth individuals and smaller institutions (Professional Investors) CPRIM Lux is a comprehensive private markets investment solution designed for high-net-worth individuals and smaller institutions (Professional Investors)

StepStone Conversus Launches Luxembourg Investment Company and Private Markets Fund for European Investors

CHICAGO--(BUSINESS WIRE)--Blue Vista Capital Management (“Blue Vista”) and StepStone Real Estate (“SRE”), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), today announced a $90 million co-investment partnership to invest in purpose-built student housing. The partnership's first transaction is a new development project at Georgia Tech, Theory Interlock. The co-investment is being executed as part of Blue Vista's value-add student housing strategy to pursue d

Blue Vista and StepStone Real Estate Form $90 Million Student Housing Co-Investment Partnership, First Investment Made at Georgia Tech

Company appoints Professor Youngme Moon to Board of Directors NEW YORK , June 8, 2022 /PRNewswire/ -- Multiverse  has closed a $220 million Series D funding round at a post-money valuation of $1.7 billion, doubling its valuation from eight months ago. The latest round was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst.

Multiverse Raises $220M to Expand Professional Apprenticeships, an Outstanding Alternative to College and Corporate Training

NEW YORK, June 06, 2022 (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 2022 IPE Real Estate Global Awards' Investment Consultancy of the Year.

StepStone Real Estate Named Consultancy of the Year By IPE Real Estate

StepStone Group Inc. (NASDAQ:STEP ) Q4 2022 Earnings Conference Call May 26, 2022 5:00 PM ET Company Participants Seth Weiss - Head of IR Scott Hart - CEO Mike McCabe - Head of Strategy Johnny Randel - CFO Jason Ment - President & Co-Chief Operating Officer Conference Call Participants Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Adam Beatty - UBS John Dunn - Evercore ISI Operator Greetings and welcome to the StepStone Fiscal Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

StepStone Group Inc. (STEP) CEO Scott Hart on Q4 2022 Results - Earnings Call Transcript

NEW YORK, May 26, 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 fourth quarter and fiscal year ended March 31, 2022. The Board of Directors of the Company has declared a quarterly cash dividend of $0.20 per share of Class A common stock, payable on June 30, 2022, to the holders of record as of the close of business on June 15, 2022.

StepStone Group Reports Fourth Quarter and Fiscal Year 2022 Results

CHICAGO--(BUSINESS WIRE)--IPI Partners, LLC ("IPI"), a global investment firm that specializes in investing in critical digital infrastructure assets, today announced it has agreed to acquire a majority stake in Safe Host SA (“Safe Host”), a Switzerland-based data center owner and operator, from the founders, management, and funds managed by StepStone Real Estate (“SRE”), the real estate arm of global private markets investment firm StepStone Group Inc. (Nasdaq: STEP). Financial terms of the tr

IPI Partners to Acquire Swiss Data Center Leader Safe Host

NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) -- StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP) announced today that it has named Margaret McKnight as Head of Portfolio Solutions and added Sara Rutledge as a Managing Director and Head of Market Research.

StepStone Real Estate Names Margaret McKnight Head of Portfolio Solutions and Hires Sara Rutledge as Head of Market Research to Address Increasing Importance of Portfolio Construction

NEW YORK, May 12, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced the final closing of StepStone Credit Opportunities Fund I (“SCOF I” or “the Fund”), raising over $600 million of commitments.

StepStone Group Closes First Credit Opportunities Fund

NEW YORK, May 12, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the fourth quarter and fiscal year ended March 31, 2022 after the market closes on Thursday, May 26, 2022.

StepStone Group to Announce Fourth Quarter and Fiscal Year 2022 Results on May 26, 2022

NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today released its annual Environmental, Social & Governance (“ESG”), Taskforce on Climate-Related Financial Disclosures (“TCFD”), and Diversity, Equity & Inclusion (“DEI”) reports.

StepStone Publishes ESG and TCFD Reports

StepStone Group saw a very strong 2021, but shares have reverted from the highs violently. This creates an interesting setup amidst strong operating momentum, yet it is a cyclical business here.

StepStone Group: Time For A Small Step

NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced the final closing of StepStone Senior Corporate Lending II (“SCL II” or “the Fund”), raising $1.3 billion of commitments, surpassing its target of $1 billion.

StepStone Closes Second Senior Corporate Lending Fund With $1.3 Billion of Capital Commitments

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.

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