StepStone Group Reports Third Quarter Fiscal Year 2022 Results

Rhea-AI Summary

StepStone Group Inc. (Nasdaq: STEP) has announced its financial results for the third quarter of the fiscal year ending March 31, 2022. The company reported overseeing approximately $548 billion in private markets allocations, including $127 billion in assets under management as of December 31, 2021. Additionally, the Board declared a quarterly cash dividend of $0.15 per share of Class A common stock, payable on March 15, 2022. A detailed presentation of these results is available through their official website.

Positive

• Oversaw approximately $548 billion in private markets allocations.
• Reported $127 billion in assets under management.
• Declared a quarterly cash dividend of $0.15 per share, indicating strong cash flow.

Negative

• None.

NEW YORK, Feb. 08, 2022 (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 quarter ended December 31, 2021. This represents results for the third quarter for the fiscal year ending March 31, 2022. The Board of Directors of the Company has declared a quarterly cash dividend of $0.15 per share of Class A common stock, payable on March 15, 2022, to the holders of record as of the close of business on February 28, 2022.

StepStone issued a full detailed presentation of its third quarter fiscal 2022 results, which can be accessed by clicking here.

Webcast and Earnings Conference Call

Management will host a webcast and conference call on Tuesday, February 8, 2022 at 5:00 pm ET to discuss the Company’s results for the third fiscal quarter ended December 31, 2021. 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 22, 2022. To access the replay, dial 1-844-512-2921 (United States) or 1-412-317-6671 (international). The replay pin number is 13725993. 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, 2021, StepStone oversaw approximately $548 billion of private markets allocations, including $127 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 the “Risk Factors” section of our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on June 23, 2021, 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 financial results for Q3 2022?

StepStone Group reported overseeing approximately $548 billion in private markets allocations and $127 billion in assets under management.

When is the dividend payout for StepStone Group?

The dividend of $0.15 per share is payable on March 15, 2022, to shareholders of record as of February 28, 2022.

How can I access StepStone Group's earnings conference call?

You can participate in the earnings conference call on February 8, 2022, at 5:00 PM ET by dialing the provided numbers or through the company's website.

Where can I find more details about StepStone Group's Q3 results?

A detailed presentation of the Q3 fiscal 2022 results can be accessed on StepStone's official website.