StepStone Group Inc. - STEP STOCK NEWS

StepStone Real Estate has appointed a new senior management team to enhance operational efficiency. Josh Cleveland, Kieran Farrelly, Brendan MacDonald, and John Waters will oversee specific functional areas, ensuring high standards for investors and clients. The firm’s special situations secondaries fund surpassed target commitments by 40% in September 2020, and advisor services are expanding with the addition of Margaret McKnight as Partner. StepStone Group manages $313 billion in private markets allocations, including $104 billion in real estate.

StepStone Group (Nasdaq: STEP) announces the appointment of 10 new partners and 10 managing directors as of February 3, 2021. The new partners have significantly contributed to the firm's growth, with Scott Hart highlighting their pivotal roles in innovation and success. StepStone oversees $313 billion in private markets allocations, with $72 billion in assets under management, serving a diverse clientele, including pension funds and family offices. The firm focuses on tailored investment solutions across various asset classes, including private equity and real estate.

StepStone Group Inc. (Nasdaq: STEP) is set to release its third-quarter results for the fiscal year ending March 31, 2021, after market close on February 9, 2021. A webcast and conference call will take place that same day at 5:00 PM ET to discuss the results. The call will be accessible via the company's website and through dial-in options for both U.S. and international participants. StepStone oversees $313 billion in private markets allocations, with $72 billion in assets under management, serving a diverse client base including major pension funds and family offices.

L Catterton and CCMP Capital announced a definitive agreement to acquire a controlling interest in Truck Hero, a leader in aftermarket accessories for pickup trucks and Jeep vehicles. The consortium includes Abu Dhabi Investment Authority, Mubadala Investment Company, and StepStone Group (Nasdaq: STEP). Truck Hero, founded in 2007, is recognized for its innovative product offerings and strong customer relationships, with a thriving online marketplace at RealTruck.com. The deal is anticipated to close in Q1 2021, pending customary conditions.

StepStone Real Estate has appointed Margaret McKnight as a Partner, focusing on advisory, secondaries, and co-investment practices, based in San Francisco. McKnight previously served as Co-Chief Investment Officer at Carlyle, and was instrumental at both Cambridge Associates and JP Morgan. Jeff Giller, Head of StepStone Real Estate, highlighted her experience as a critical addition to their leadership team, emphasizing the firm’s commitment to exceptional client service. StepStone oversees $313 billion in private markets allocations, including $104 billion in real estate, and aims to tailor investment solutions for clients.

StepStone Group Inc. (Nasdaq: STEP) reported its second fiscal quarter results for the period ended September 30, 2020. The company completed an initial public offering on September 18, 2020, and managed $313 billion in private market allocations, including $72 billion in assets under management. Co-CEO Scott Hart expressed excitement over their strong performance and commitment to providing customized investment solutions, leveraging proprietary data and technology for a competitive edge. A webcast to discuss these results is scheduled for November 10, 2020.

StepStone Group Inc. (Nasdaq: STEP) announced the release of its second-quarter results for the fiscal year ending March 31, 2021, scheduled for November 10, 2020, after market close. A management webcast and conference call will follow at 5:00 pm ET the same day, accessible via their shareholders' website. As of June 30, 2020, StepStone managed $292 billion in private markets allocations, with $66 billion in assets under management, serving a diverse range of clients including pension funds and family offices.

Conversus has launched its inaugural fund, Conversus StepStone Private Markets (CPRIM), raising $35 million as of October 1, 2020. This fund targets accredited investors, offering diversified access to private equity, private debt, and real assets. CPRIM features an evergreen structure, enabling monthly capital raises and quarterly liquidity. Investors can engage with a minimum investment of $50,000, benefiting from transparent tax reporting and regular distributions. StepStone Group, overseeing $292 billion in private markets, acts as sub-adviser, aligning its investments with institutional clients.

StepStone Real Estate announced the final closing of StepStone Real Estate Partners IV (SREP IV), raising $1.4 billion, exceeding its $1 billion target. Notably, $870 million was committed post-COVID-19 onset. SREP IV is double the size of its predecessor, SREP III, which closed at $700 million in February 2017. The fund attracts a diverse global investor base including sovereign wealth funds and pension funds. The strategy focuses on special situations secondaries and recapitalizations, aiming to leverage opportunities arising from the pandemic, similar to approaches during the 2008 financial crisis.