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. reports developments tied to its role as a global private markets investment firm providing customized investment solutions, advisory services, and data services. Its updates cover private equity, infrastructure, private debt, and real estate strategies, including fund closings, secondaries vehicles, credit opportunities, co-investments, and investment activity across private markets portfolios.
Company news also includes earnings announcements, capital allocation actions, leadership promotions, and data partnerships connected to StepStone’s proprietary SPI platform. Recurring disclosures describe how the firm serves institutional, private wealth, pension, sovereign wealth, insurance, endowment, foundation, and family office clients through private markets portfolio construction and analytics.
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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