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StepStone Group Inc. - STEP STOCK NEWS

Welcome to our dedicated page for StepStone Group news (Ticker: STEP), a resource for investors and traders seeking the latest updates and insights on StepStone Group stock.

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.

News

Rasa Raises $30 Million Series C Co-led by StepStone Group and PayPal Ventures, Andreessen Horowitz, Accel and Basis Set Ventures for Enterprise Conversational AI

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Rasa, a leading generative conversational AI platform, secures $30 million in Series C funding led by StepStone Group and PayPal Ventures. The investment aims to enhance technological leadership, expand market presence, and transform customer interactions with innovative AI solutions. Rasa's recent launches of Rasa Pro and Rasa Studio with CALM promise to revolutionize conversational AI with a unique blend of LLMs and traditional chatbots.
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CORRECTING and REPLACING Rasa Raises $30 Million Series C Co-led by StepStone Group and PayPal Ventures, Andreessen Horowitz, Accel and Basis Set Ventures for Enterprise Conversational AI

Rhea-AI Summary
Rasa, a conversational AI platform, secures $30 million in Series C funding led by StepStone Group and PayPal Ventures. The investment aims to enhance technological leadership and market presence, empowering businesses with personalized AI interactions. Rasa's innovative CALM technology combines Large Language Models with traditional chatbots for coherent user engagement. The funding will also support team expansion and job opportunities across North America and Europe.
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StepStone Group Reports Third Quarter Fiscal Year 2024 Results

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StepStone Group Inc. (Nasdaq: STEP) reported its results for the third quarter ended December 31, 2023. The company declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on March 15, 2024. StepStone issued a detailed presentation of its third-quarter fiscal 2024 results, accessible on the company's website. A webcast and conference call to discuss the results will be held on February 8, 2024, at 5:00 pm ET.
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StepStone Group Announces 2024 Partner and Managing Director Promotions

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StepStone Group Inc. (Nasdaq: STEP) has announced the addition of 8 new partners and 18 new managing directors. CEO Scott Hart expressed pride in the new leaders and their commitment to helping clients build and manage exceptional private markets portfolios.
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StepStone Group to Announce Third Quarter Fiscal 2024 Results on February 8, 2024

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StepStone Group Inc. (Nasdaq: STEP) will release its Q3 2023 results on February 8, 2024. The webcast and conference call will be held at 5:00 pm ET to discuss the results. The webcast will be available on the Shareholders section of the Company's website. A replay will also be available on the shareholders website. Live participants can join the Q&A portion by registering at the provided link.
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StepStone Group Recognized Among Best Places to Work in Money Management by Pensions & Investments

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StepStone Group Inc. (Nasdaq: STEP) has been named one of the Best Places to Work in Money Management by Pensions & Investments. This recognition reflects the company's commitment to fostering a positive and inclusive workplace culture, as well as its dedication to delivering exceptional results for its clients. Rich Kasnia, Partner and Chief Human Resources Officer at StepStone, expressed the company's honor in receiving this accolade and emphasized their continuous efforts to create an environment where employees can thrive. Pensions & Investments' Executive Editor Julie Tatge highlighted the commitment of the recognized companies to building and maintaining a strong workplace culture, even amidst volatile markets and the ongoing stresses from the pandemic. P&I President and Publisher Nikki Pirrello emphasized the importance of a strong workplace culture in driving the best outcomes and congratulated the 2023 honorees for their commitment to employee well-being, attractive incentive structures, and talent development.
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UMB Fund Services Assists StepStone Private Wealth with Flagship Fund Transition to Daily Admittance, Launch of New Infrastructure Fund

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UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), has expanded its services for StepStone Group Private Wealth LLC, part of StepStone Group Inc. (NASDAQ: STEP), by assisting in the transition to daily net asset value (NAV) and daily admittance of StepStone's flagship fund, a $1.6 billion multi-asset-class private markets fund. UMBFS also helped with the recent launch of StepStone's new infrastructure fund. This expansion has allowed investors to purchase shares on a daily basis, eliminating the need for paper subscription documents. StepStone is among the first managers to offer a daily NAV for a multi-asset-class registered fund invested in private markets. UMB Fund Services is providing comprehensive servicing for both funds.
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StepStone Group Unveils SPI by StepStone, A Leading Intelligence Platform for Private Markets

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StepStone Group Inc. (Nasdaq: STEP) introduces SPI by StepStone, a suite of applications providing proprietary data, research, and tools to clients and investment teams. It unites the firm’s existing research, data, and private markets tools into a single web-based platform, offering critical insights across asset classes and geographies.
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StepStone Group Appoints David Park as Chief Financial Officer, Following Retirement of Johnny Randel

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StepStone Group Inc. has announced the appointment of David Y. Park as Chief Financial Officer (CFO), effective January 1, 2024. Park will succeed Johnny Randel, who has served as CFO since 2010 and will be retiring at the end of the year.
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StepStone Group Reports Second Quarter Fiscal Year 2024 Results

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StepStone Group Inc. (Nasdaq: STEP) reported results for the quarter ended September 30, 2023. The Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock. Webcast and conference call to discuss the results will be held on November 6, 2023.
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FAQ

What is the current stock price of StepStone Group (STEP)?

The current stock price of StepStone Group (STEP) is $58.12 as of December 20, 2024.

What is the market cap of StepStone Group (STEP)?

The market cap of StepStone Group (STEP) is approximately 4.4B.

What is StepStone Group Inc.?

StepStone Group Inc. is a global private markets investment firm that provides customized investment solutions and advisory services.

What services does StepStone offer?

StepStone offers investment solutions in private equity, real estate, private debt, infrastructure, and real assets. It also provides advisory, data, and administrative services.

What is SPI by StepStone?

SPI by StepStone is a technology platform that combines the firm's research, data, and private markets tools, providing critical insights and aiding investment decision-making.

Who are StepStone's clients?

StepStone's clients include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and private wealth clients.

How much capital does StepStone oversee?

As of September 30, 2023, StepStone oversees approximately $659 billion in total capital responsibility, including $146 billion in assets under management.

What are some recent achievements of StepStone?

Recent achievements include the expansion of SPI by StepStone and the promotion of senior leaders dedicated to client success and operational excellence.

How can I learn more about StepStone?

You can visit their official website at www.stepstoneglobal.com or the SPI platform at spi.stepstonegroup.com for more information.

What makes StepStone's data analysis unique?

StepStone's proprietary databases and advanced data analytics provide unparalleled depth, scope, and quality, facilitating informed investment decisions.

What types of portfolios does StepStone create?

StepStone creates customized portfolios that integrate primary investments, secondary market opportunities, and co-investments tailored to meet specific client objectives.

Who should I contact for media inquiries at StepStone?

For media inquiries, you can contact Brian Ruby, Chris Gillick, or Matt Lettiero at StepStonePR@icrinc.com or call 1-203-682-8268.

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StepStone Group Inc.

Nasdaq:STEP

STEP Rankings

#1366 Ranked by Market Cap
#1526 Ranked by Dividends

STEP Stock Data

4.41B
61.90M
19.07%
93.86%
2.62%
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