StepStone Group Reports Third Quarter Fiscal 2021 Results

Rhea-AI Summary

StepStone Group Inc. (Nasdaq: STEP) reported its financial results for the third fiscal quarter ending December 31, 2020. As of this date, the firm managed approximately $333 billion in private markets allocations, including $80 billion in assets under management. Following its IPO on September 18, 2020, StepStone emphasizes its commitment to providing tailored investment solutions and advisory services. A detailed presentation of Q3 results and a follow-up conference call are scheduled for February 9, 2021.

Positive

• Managed $333 billion in private markets allocations.
• Assets under management at $80 billion.
• Successful completion of IPO on September 18, 2020.

Negative

• None.

NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the third fiscal quarter ended December 31, 2020. StepStone completed an initial public offering of its Class A common stock on September 18, 2020.

StepStone issued a full detailed presentation of its third quarter fiscal 2021 results, which can be accessed by clicking here.

Webcast and Earnings Conference Call

Management will host a webcast and conference call on Tuesday, February 9, 2021 at 5:00 pm ET to discuss the Company’s results for the third fiscal quarter ended December 31, 2020. The conference call will also be made available in the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register. 

The conference call can be accessed by dialing 1-877-407-0784 (United States) or 1-201-689-8560 (international).

A replay of the call will also be available on the Company's website approximately two hours after the live call through February 23, 2021. To access the replay, dial 1-844-512-2921 (United States) or 1-412-317-6671 (international). The replay pin number is 13715701. The replay can also be accessed on the shareholders section of the Company's website at https://shareholders.stepstonegroup.com/.

About StepStone

StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2020, StepStone oversaw approximately $333 billion of private markets allocations, including $80 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

Forward-Looking Statements

Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking. Words such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “plan” and “will” and similar expressions identify forward-looking statements. Forward-looking statements reflect management’s current plans, estimates and expectations and are inherently uncertain.  The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates or expectations contemplated will be achieved. Forward-looking statements are subject to various risks, uncertainties and assumptions.   Important factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, global and domestic market and business conditions, successful execution of business and growth strategies and regulatory factors relevant to our business, as well as assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity and the risks and uncertainties described in greater detail under “Risk Factors” included in our prospectus dated September 15, 2020, filed with the U.S. Securities and Exchange Commission (“SEC”) on September 16, 2020, and in our quarterly report on Form 10-Q to be filed with the SEC, as such factors may be updated from time to time.  We undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Contacts

Shareholder Relations:
shareholders@stepstonegroup.com 
1-212-351-6106

Media:
Brian Ruby / Chris Gillick, ICR
StepStonePR@icrinc.com 
1-203-682-8268

FAQ

What were StepStone Group's Q3 results for fiscal 2021?

StepStone Group reported managing approximately $333 billion in allocations, with $80 billion in assets under management as of December 31, 2020.

When did StepStone Group go public?

StepStone Group completed its initial public offering on September 18, 2020.

When will StepStone Group discuss its Q3 financial results?

StepStone Group will host a webcast and conference call on February 9, 2021, at 5:00 pm ET to discuss its Q3 results.