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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 Inc. (Nasdaq: STEP) has announced that it will release its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024, after market close on Thursday, August 8, 2024. The company will host a webcast and conference call on the same day at 5:00 pm ET to discuss the quarterly results.
Interested parties can access the webcast through the Shareholders section of StepStone's website. To participate in the live Q&A portion of the call, individuals must register in advance. A replay of the event will be available on the company's website approximately two hours after the call concludes.
StepStone Real Estate (SRE), the real estate arm of StepStone Group (Nasdaq: STEP), has been named Investment Consultancy of the Year at the 2024 IPE Real Estate Global Awards. This marks the third consecutive year that SRE has received this honor. In April, SRE was also voted the Global Indirect Firm of the Year by Private Equity Real Estate (PERE) readers. The award acknowledges SRE’s innovative solutions for clients such as a prominent U.S. pension fund, a UK corporate pension fund, and a U.S. insurance dedicated fund. These solutions have helped clients optimize their portfolios and generate alpha. Jeff Giller, Partner and Head of SRE, emphasized the firm's commitment to delivering superior service and innovative solutions to clients.
StepStone Private Wealth (SPW) has launched the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund available for daily purchase via the ticker CRDEX. This fund aims to provide current income and long-term capital appreciation by investing in diverse private credit assets. Using a multi-lender approach, CRDEX will employ direct lending and specialty credit strategies, including direct loans and secondaries. CRDEX complements SPW's existing funds like StepStone Private Markets Fund (XPMIX) and StepStone Private Infrastructure Fund (STRUX). Managed by StepStone Private Debt, which oversees $50 billion in capital, CRDEX seeks to offer stability with high yields and inflation protection through floating rate, senior secured loans. The fund is available to U.S. investors with a minimum investment of $25,000 and offers quarterly liquidity.
StepStone Group (Nasdaq: STEP) has successfully closed its sixth venture capital secondaries fund, StepStone VC Secondaries Fund VI (VSF VI), raising $3.3 billion. This oversubscribed fund marks the largest ever exclusively focused on venture capital secondaries. Existing and new partners contributed to the fund, which aims to provide liquidity to founders and early investors in mature venture-backed companies. With venture capital AUM growing from $600 billion in 2014 to $3.3 trillion by 2023, StepStone leverages its vast data and integrated approach to capitalize on secondary market opportunities.
On May 28, 2024, StepStone Group (Nasdaq: STEP) announced that CEO Scott Hart and Head of Strategy Mike McCabe will present at the Morgan Stanley US Financials, Payments & CRE Conference. The presentation is scheduled for June 11, 2024, at 9:30 am ET. A live webcast and replay will be available on the StepStone website.
StepStone Group (Nasdaq: STEP) announced its fourth quarter and fiscal year 2024 results, ending March 31, 2024. The company reported a quarterly cash dividend of $0.21 per share of Class A common stock and a supplemental dividend of $0.15 per share, both payable on June 28, 2024. Holders of record as of June 14, 2024, will be eligible. StepStone also released a detailed presentation of the results, accessible on its website. A webcast and earnings call is scheduled for May 23, 2024, at 5:00 pm ET to discuss these results, with a replay available two hours after the event. Participants must register to join the live Q&A session.
Tenon, a marketing solution built on ServiceNow, has secured an $8M Series A funding round, co-led by High Alpha and StepStone Group, with additional investment from ServiceNow Ventures. This funding will enable Tenon to expand its team from 10 to 26 members and accelerate its product development roadmap. Launched in April 2023, Tenon aims to unify the entire marketing lifecycle by combining marketing work management with marketing automation. This integrated approach is designed to enhance efficiency and collaboration for enterprise marketing teams. The funds will also help Tenon to further develop its functionality for industries with complex marketing needs such as life sciences, insurance, healthcare, and finance.
StepStone Group Inc. (Nasdaq: STEP) will announce its fourth-quarter and fiscal 2024 results on May 23, 2024. The company will release the results after the market closes and host a webcast and earnings conference call the same day at 5:00 pm ET. The webcast will be available on the Shareholders section of the company's website. Participants can join the live question and answer portion by registering in advance.
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