CALGARY, Alberta--(BUSINESS WIRE)--Further to its news release of September 25, 2025 announcing receipt of a non-binding offer from ARC Financial Corp., STEP Energy Services Ltd. ("STEP†or the "Company†) (TSX: STEP) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement†) with 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, "ARC†) to take. ...

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- StepStone Real Estate (“SRE”), the real estate arm of StepStone Group (NASDAQ: STEP), a global private markets investment firm, today announced that it has finalized the size of its StepStone Real Estate Partners V (“SREP V”) GP-led secondaries program, with total commitments of $5.3 billion. In April 2025, SRE announced it had closed $4.5 billion in total commitments for the program, which included a commingled fund of $3.77 billion and discretionary co-investmen ...

LONDON and MADRID, Oct. 16, 2025 (GLOBE NEWSWIRE) -- StepStone Real Estate (SRE), the real estate arm of StepStone Group (Nasdaq: STEP) and GREYKITE (GK), the independent European real estate investment firm, announce the planned recapitalization of Vitalia, Spain’s second largest care home owner-operator, through the agreement to acquire a majority interest in Vitalia from Vivaly Investments BV, a portfolio investment of CVC Fund VI and Portobello Capital Fund III, and the commitment of over €500 million ...

Core Viewpoint - StepStone Group Inc. (STEP) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 20-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day simple moving average (SMA) is a widely used investing tool that helps smooth out price fluctuations and provides insight into short-term price trends. A stock trading above the 20-day SMA indicates a positive trend, while falling below it may signal a downward trend [2]. - STEP has rallied 7.6% over the past four weeks, suggesting a potential for further upward movement [4]. Earnings Estimates - STEP is currently rated as Zacks Rank 3 (Hold), indicating a neutral outlook. However, the combination of recent positive earnings estimate revisions strengthens the bullish case for the stock. There has been one upward revision for the current fiscal year with no downward revisions, and the consensus estimate has also increased [4][5]. Investment Outlook - Given the favorable combination of earnings estimate revisions and the technical breakout at a key level, investors are encouraged to monitor STEP for potential gains in the near future [5].

NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Crowd Street, the private market investment platform helping members achieve their financial goals by providing direct access to investment opportunities, today announced distribution agreements with top global asset management firms, Nuveen and StepStone. These relationships will provide new private market fund opportunities to Crowd Street members across several asset classes including private credit, private equity, secondaries, venture capital, real assets and ...

Accessibility StatementSkip Navigation NEWPORT BEACH, Calif., Sept. 29, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced the debut of Red Chimichurri, a chef-driven sauce that complements any Chipotle entrée. Prepared in-restaurant daily, this new take on the classic and premium chimichurri delivers tangy and bright flavor notes, complemented by chili peppers and fresh hand-cut cilantro. Red Chimichurri will be available across the U.S. and Canada for a limited time starting tomorrow, ...

Core Points - STEP Energy Services Ltd. has received a non-binding offer from ARC Financial Corp. to acquire 100% of the issued and outstanding common shares not currently owned by ARC at a price of $5.50 per share [2][4] - ARC Financial Corp. currently owns 55.22% of STEP's common shares [2] - STEP's board has formed a special committee of independent directors to review the offer and has engaged financial and legal advisors for this process [3] Company Overview - STEP Energy Services Ltd. is an energy services company providing coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions [5] - The company has evolved since its founding in 2011 into a North American service provider, focusing on completion and stimulation services primarily in Canada and the U.S. [6] - STEP operates in key regions such as the Western Canadian Sedimentary Basin and the Permian Basin in the U.S. [6] Corporate Governance - The special committee formed by STEP's board includes independent directors Edward LaFehr (Chair), James Harbilas, and Rachel Moore [3] - Legal and financial advisors have been appointed to assist the special committee in evaluating the offer [3]

Group 1 - StepStone Group Inc. (STEP) shares increased by 8.8% to close at $65.39, with notable trading volume compared to typical sessions, and a 2.7% gain over the past four weeks [1] - The stock's rise is attributed to Goldman Sachs' rating upgrade to a Buy and an increased price target, highlighting the company's growing private wealth business and solid institutional pipeline as growth catalysts [2] - StepStone is positioned as a long-term value creator in the asset management space, benefiting from a strong foothold in alternative investments and impressive fundraising momentum [2] Group 2 - The company is expected to report quarterly earnings of $0.45 per share, unchanged from the previous year, with revenues projected at $235.99 million, reflecting a 13% increase year-over-year [3] - The consensus EPS estimate for StepStone has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - StepStone Group holds a Zacks Rank of 3 (Hold), while another company in the same industry, SoFi Technologies, has shown a 20.5% return over the past month [4]

Upgrades Summary - RBC Capital upgraded Nike (NKE) to Outperform from Sector Perform with a price target of $90, increased from $76, citing a "steeper revenue recovery" than market estimates due to new product contributions and World Cup sales [2] - Needham upgraded Amicus (FOLD) to Buy from Hold with a price target of $14, indicating reduced regulatory risk for Amicus' DMX-200 following FDA's decision regarding Travere's Filspari [2] - Goldman Sachs upgraded Stepstone Group (STEP) to Buy from Neutral with a price target of $83, up from $64, expecting a 25% CAGR in management fees from 2024-28 driven by growth in Private Wealth and record levels of shadow AUM [2] - RBC Capital upgraded CSX (CSX) to Outperform from Sector Perform with a price target of $39, increased from $37, viewing CSX shares as well positioned for consolidation scenarios in the railroad sector [2] - Scotiabank upgraded Vale (VALE) to Outperform from Sector Perform with a price target of $14, up from $12.50, anticipating benefits from the upcoming "decarbonization wave" [2]

Core Viewpoint - The appetite for private markets remains strong, potentially countering negative headlines in the media [1] Group 1: LP Allocations to Private Markets - Current trends indicate that LP allocations to private markets are on the rise, with ongoing discussions with clients reflecting a positive outlook [1] - There is potential for further upside in allocations, suggesting a robust interest in private market investments [1] Group 2: Realization Cycle - The upcoming realization cycle is deemed important for future allocations to private markets, indicating that successful exits could influence LPs' investment decisions [1]