Stepstone Group Inc. Stock Price, News & Analysis

StepStone Group (Nasdaq: STEP) has successfully raised $705 million for its fourth StepStone Tactical Growth Fund (STGF IV), focusing on growth equity market opportunities. The fund attracted diverse investors including sovereign wealth funds, public pensions, and family offices.

STGF IV targets founder-led businesses in technology and healthcare sectors outside traditional venture capital, seeking companies with rapid topline growth, strong margins, and minimal leverage. The fund is managed by StepStone's Venture Capital and Growth Equity Team, which deploys approximately $5.5 billion annually across various investment types.

With over 80 dedicated investment professionals, StepStone implements flexible investment strategies including direct co-investments, continuation vehicles, and secondary transactions.

Yieldstreet has announced the launch of Yieldstreet 360 Managed Portfolios, the first automated private markets investing solution. The platform aims to democratize access to private equity, private credit, and real estate investments through diversified portfolios tailored to individual investors' goals.

The launch comes as private markets have grown from $9.7 trillion in 2012 to $24.4 trillion in 2023. The solution will feature investments from Goldman Sachs Asset Management, Carlyle, and StepStone, with strategies advised by Wilshire. The platform addresses traditional barriers like high investment minimums and complex structures, offering automated investment management and real-time performance tracking.

Available to accredited investors later this year, Yieldstreet 360 will provide exposure to thousands of underlying assets through a single solution, with options ranging from income-focused to growth-oriented approaches.

Cyberhaven has secured a $100 million Series D funding round led by StepStone Group (Nasdaq: STEP), along with Schroders and Industry Ventures. This investment values the company at $1 billion, representing a sevenfold increase in just one year and bringing total funding to $250 million.

The AI-powered data security company's platform leverages data lineage and a proprietary Large Lineage Model (LLiM) to trace how data originates, moves, and transforms throughout organizations. This technology enables real-time observability of data flows and precise threat detection.

The funding will support platform expansion through M&A and organic innovation, alongside increased market reach through go-to-market investments. The company aims to address modern data security challenges in an era where data constantly moves between endpoints, cloud platforms, and AI systems.

StepStone Group (Nasdaq: STEP), a global private markets investment firm, has announced significant leadership expansions with the promotion of 10 new partners and 24 new managing directors. The promotions span across multiple departments including Information Technology, Operational Due Diligence, Venture Capital, Private Debt, Real Estate, and Infrastructure.

The new partner class includes professionals from various global locations including La Jolla, Baltimore, Zurich, London, and Frankfurt. Notable appointments include Christopher Bernadino as Global Head of IT and CISO, Elizabeth Ferry as Head of Operational Due Diligence, and Joey Wong Castillo as Head of Legal for Infrastructure and Real Assets.

The managing director promotions strengthen various departments including Private Wealth, Fund Accounting, Corporate Finance, Operations, and Product Management across offices in Charlotte, Dublin, San Francisco, Chicago, New York, and other global locations.

SEI (NASDAQ:SEIC) has launched its alternative investment product marketplace through SEI Access, a platform providing comprehensive investment solutions for wealth managers and financial advisors. The platform offers broader access to alternative investments across various asset classes and fund managers, including new additions like Constitution Capital Partners, Golub, and others.

The marketplace features a digital interface with educational tools, integrated subscription processing, and expanded distribution opportunities. As of December 31, 2024, SEI Access supports over 250 wealth management firms and 165 fund managers, providing access to approximately 300 alternative investment funds. The platform has processed about $4.9 billion in alternatives transactions with more than 22,500 subscriptions.

This launch builds upon SEI's private markets expertise and the acquisition of Altigo, enhancing their subscription automation technology. The company recently acquired LifeYield, aiming to deliver automated unified managed household capabilities.

StepStone Group (Nasdaq: STEP), managing approximately $698 billion in total capital, announced approval to launch a Private Debt-based European Long-Term Investment Fund (ELTIF). The firm plans to initially market ELTIFs in Italy, Spain, Germany, France, and the Nordic and Benelux regions, focusing on private credit assets in the European Union.

Additionally, StepStone received approval to convert their current RAIF funds into UCI Part II vehicles, enhancing access for professional and semi-professional investors to private markets. The conversion affects multiple funds including SPRIM Lux, SPRING Lux, and STRUCTURE Lux, which are available on platforms like Allfunds and FundsPlace, offering digital subscription through Goji.

PSG, a growth equity firm focused on software and technology-enabled services, has announced the closure of two funds totaling $8 billion in capital commitments. The firm's sixth North American flagship fund, PSG VI, closed at $6 billion, exceeding its predecessor fund of $4.7 billion. Additionally, PSG closed a $2 billion continuation fund, PSG Sequel, backed by major institutional investors including CPP Investments, GIC, StepStone, and Hamilton Lane.

PSG Sequel will maintain stakes in six portfolio companies: Arcoro, LivTech, Nextlane, Semarchy, Singlewire Software, and Transit Technologies. The firm, founded in 2014, has grown to manage over $28 billion in assets, with 269 professionals including 160 investment professionals. PSG has executed 75 realization events and expanded globally with offices in Boston, London, Kansas City, Paris, Madrid, and Tel Aviv. The firm has invested in 19 AI-driven companies and continues to leverage AI across its portfolio.

StepStone Group (STEP) has announced its third quarter fiscal year 2025 results for the period ended December 31, 2024. The company's Board of Directors has declared a quarterly cash dividend of $0.24 per share of Class A common stock, which will be payable on March 14, 2025, to shareholders of record as of February 28, 2025.

The global private markets investment firm, which specializes in customized investment solutions and advisory and data services, has made detailed results available on their corporate website. Management will host a webcast and conference call on February 6, 2025, at 5:00 pm ET to discuss the quarterly results.

StepStone Group (Nasdaq: STEP) has scheduled its third quarter fiscal 2025 earnings release for February 6, 2025, after market close. The results will cover the period ended December 31, 2024. The company will host a webcast and conference call at 5:00 pm ET on the same day to discuss the quarterly performance.

Interested participants can access the webcast through the Shareholders section of StepStone's website. For those who wish to participate in the Q&A session, registration is required through the provided link. A replay of the event will be available approximately two hours after its conclusion on the shareholders website.