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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) announced the successful closing of its Tactical Growth Fund III (STGF III), securing over $690 million in commitments. The fund attracts a diverse group of investors, including pension plans, insurance companies, and family offices, focusing on high-growth technology and healthcare assets. With over $519 billion in private markets allocations and a dedicated team of over 70 investment professionals, StepStone aims to capture market opportunities while managing risks. The fund's managers are optimistic about the potential generated by technological innovation.
StepStone Group Inc. has announced a leadership transition, effective January 1, 2022, with Scott Hart becoming the sole CEO, while co-founder Monte Brem transitions to Executive Chairman. This change follows Hart's role as co-CEO since 2019. The firm, overseeing approximately $519 billion in private markets allocations, aims to continue its strategic growth after recent advancements, including its IPO in September 2020 and the acquisition of Greenspring Associates in September 2021. Brem expresses confidence in Hart's leadership as they pursue ongoing development.
StepStone Group Inc. (Nasdaq: STEP) reported its fiscal Q2 results for the quarter ending September 30, 2021. The company oversees approximately $519 billion in private markets allocations, with $121 billion in assets under management. A quarterly cash dividend of $0.15 per share was declared, payable on December 15, 2021, to shareholders of record as of November 30, 2021. The management will discuss these results in a conference call on November 9, 2021, at 5:00 pm ET.
StepStone Real Estate and BVK have formed a €300 million investment partnership aimed at providing secondary liquidity to private real estate vehicles. This partnership will target secondaries in opportunistic, value-added, and core-plus funds, primarily in the U.S. and Asia-Pacific. Together with existing funds, StepStone Real Estate manages over $1.5 billion in unfunded commitments for real estate secondary opportunities. This collaboration enhances StepStone's position as a leading liquidity provider in the market.
StepStone Group Inc. (Nasdaq: STEP) will announce its financial results for the quarter ending September 30, 2021, post-market on November 9, 2021. This report covers the second quarter of the fiscal year ending March 31, 2022. A conference call will be held on the same day at 5:00 pm ET to discuss these results, accessible through their website. As of June 30, 2021, StepStone managed $484 billion in private markets allocations and $109 billion in assets, serving a diverse client base of pension funds, sovereign wealth funds, and high-net-worth individuals.
StepStone Group Inc. (Nasdaq: STEP) has successfully completed its acquisition of Greenspring Associates, adding approximately $9.5 billion in fee-earning assets and nearly $19 billion in total assets under management. This acquisition, finalised ahead of schedule, enhances StepStone's presence in private markets, bringing its total assets under management to over $109 billion as of June 30, 2021. The combined expertise will provide clients greater access to the global innovation economy and solidify StepStone's leadership in venture capital and growth equity.
StepStone Group Inc. (Nasdaq: STEP) announced that Co-CEO Scott Hart and Head of Strategy Mike McCabe will present at the Barclays Global Financial Services Conference on September 14, 2021, at 2:45 PM ET. The presentation will be accessible via a live webcast on the StepStone website. As of June 30, 2021, StepStone manages $465 billion in private market allocations, including $90 billion in assets under management, providing tailored investment solutions to a diverse clientele, including major pension funds, sovereign wealth funds, and high-net-worth individuals.
StepStone Group Inc. (Nasdaq: STEP) reported its first quarter fiscal 2022 results for the period ending June 30, 2021. The company oversees approximately $465 billion in private market allocations, with $90 billion in assets under management. A quarterly cash dividend of $0.07 per share has been declared, payable on September 15, 2021, for shareholders of record as of August 31, 2021. StepStone focuses on customized investment solutions across private equity, infrastructure, private debt, and real estate asset classes.
StepStone Group (Nasdaq: STEP) announced that Scott Hart and Mike McCabe will present at the UBS Financial Services Virtual Conference on August 11, 2021, at 11:00 am ET. The event will include a live webcast accessible on StepStone's website. As of March 31, 2021, StepStone oversees around $427 billion in private market allocations and manages $86 billion in assets. The firm serves a broad range of clients, including major pension funds and private wealth clients, focusing on customized private markets investment solutions.
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