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StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm that specializes in creating customized investment solutions and providing advisory, data, and administrative services. With approximately $659 billion in total capital responsibility as of September 30, 2023, including $146 billion in assets under management, the firm partners with the world's most sophisticated investors. StepStone crafts portfolios tailored to meet specific investment objectives across private equity, infrastructure, private debt, and real estate asset classes.
Founded on a highly disciplined, research-focused approach, StepStone integrates primary investments, secondary market opportunities, and co-investments to construct its client portfolios. The firm's clientele includes public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and private wealth clients.
One of StepStone's significant offerings is SPI by StepStone, a leading technology solution that unifies the firm’s extensive research, data, and private markets tools into a single web-based platform. This platform provides critical insights across various asset classes and geographies, aiding investors in making well-informed decisions. The platform includes tools for manager research, performance reporting, portfolio exposures, commitment pacing, and benchmarking.
StepStone maintains a robust financial condition, supported by strong fee-related earnings and a disciplined approach to managing client assets. The company uses advanced data analytics and proprietary databases to enhance its decision-making processes. Recent achievements include expanding SPI by StepStone and celebrating the promotion of senior leaders dedicated to client success and operational excellence.
For more information, visit StepStone Group Inc. or access the SPI platform at SPI by StepStone.
StepStone Group announced a secondary offering of 8,000,000 shares of its Class A common stock by certain stockholders. An additional 1,200,000 shares may be purchased by underwriters within 30 days. Importantly, StepStone will not benefit financially from this offering as the Selling Stockholders will receive all net proceeds. J.P. Morgan, Goldman Sachs & Co., and Morgan Stanley are managing the offering. A registration statement has been filed but is not yet effective, and the offering is subject to specific regulatory laws.
StepStone Group Inc. (Nasdaq: STEP) reported its financial results for the third fiscal quarter ending December 31, 2020. As of this date, the firm managed approximately $333 billion in private markets allocations, including $80 billion in assets under management. Following its IPO on September 18, 2020, StepStone emphasizes its commitment to providing tailored investment solutions and advisory services. A detailed presentation of Q3 results and a follow-up conference call are scheduled for February 9, 2021.
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.
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