Financial Data and Key Metrics Changes - The company reported GAAP net income of $103.6 million, with net income attributable to StepStone Group Inc. at $41.8 million [6] - Fee-related earnings for the quarter were $35.9 million, adjusted net income was $43.7 million, and adjusted net income per share was $0.38, reflecting a 52% increase from the prior fiscal year's fourth quarter on a per share basis [29] - The company declared a dividend of $0.20 per share, a 33% increase over the prior dividend [29] Business Line Data and Key Metrics Changes - Fee-earning assets increased by over $23 billion for the year, ending with $75 billion of fee-earning AUM, with over 60% of organic growth coming from infrastructure, real estate, and private debt [11] - Private debt has been the fastest-growing asset class, with fee-earning assets growing at nearly 40% annualized pace [16] - The company completed the final close on its second Senior Corporate Lending Fund, raising a total of $1.3 billion, and its first credit opportunities fund raised over $600 million [17] Market Data and Key Metrics Changes - The company generated approximately $21 billion of gross AUM inflows in the last 12 months, with $5 billion from commingled funds and $16 billion from separately managed accounts [35] - Fee-earning assets grew organically by $4 billion in the quarter, with $3.7 billion added from separately managed accounts [35] - The company returned over $7 billion of capital to limited partners, marking the largest 12-month period of capital distributions on record [39] Company Strategy and Development Direction - The company aims to leverage its diversified platform to navigate market cycles and capitalize on investment opportunities [12][14] - There is a focus on expanding the product portfolio, including retail and institutional offerings, with plans for new funds targeting various asset classes [75][78] - The company is committed to maintaining a strong ESG framework, emphasizing carbon neutrality and diversity initiatives [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to grow fee-earning assets despite a challenging market backdrop characterized by inflation and rising interest rates [12] - The fundraising environment is expected to be more challenging, but there is still significant interest from investors looking to enter the venture capital market [65] - The company anticipates a bifurcated fundraising market, favoring disciplined managers with strong track records [27][86] Other Important Information - The integration of the Greenspring acquisition is progressing well, enhancing access to deal flow and due diligence insights [24] - The company reported a gross accrued carry of $1.5 billion, up 10% from the prior quarter [58] - Non-core expenses increased due to potential Greenspring acquisition earn-outs, which are expected to accrue periodically over the next three years [53] Q&A Session Summary Question: Interest in Venture Capital and Fundraising Environment - Management noted a shift in investor mentality towards sustainable growth and profitability, with continued momentum in fundraising despite a more challenging environment [63][64] Question: Performance Fee Compensation and Carry - Management explained that the low performance fee compensation payout ratio was due to timing and specific relationships, indicating it was an unusual quarter [67][68] Question: Retail Evergreen Product Distribution - The company reported strong progress in building out its distribution platform across various channels, with a focus on increasing allocations and team investment [72][73] Question: M&A Activity and Market Dynamics - Management indicated ongoing M&A activity in the industry, with a focus on strategic acquisitions to enhance the platform and navigate market transitions [102][103]

Fiscal Year 2022 Fourth Quarter and Full Year Earnings Presentation MAY 26, 2022 Today's Presenters Scott Hart CEO Jason Ment President & Co-COO Mike McCabe Head of Strategy Johnny Randel Chief Financial Officer STEPSTONE GROUP 2 GAAP Consolidated Income Statements GAAP net income was $103.6 million for the quarter and $484.3 million for the full year. GAAP net income attributable to StepStone Group Inc. was $41.8 million (or $0.69 per share) for the quarter and $193.9 million (or $3.84 per share) for the f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ Commission file number 001-39510 STEPSTONE GROUP INC. (Exact name of Registrant as specified in its charter) (S ...

StepStone Group Inc. (NASDAQ:STEP) Q3 2022 Earnings Conference Call February 8, 2022 5:00 PM ET Company Participants Seth Weiss - Head of IR Scott Hart - CEO Mike McCabe - Head of Strategy Johnny Randel - CFO Jason Ment - President & Co-Chief Operating Officer Conference Call Participants Ken Worthington - JPMorgan Alex Folstein - Goldman Sachs Michael Cyprys - Morgan Stanley Adam Beatty - UBS Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Ti ...

Third Quarter Fiscal Year 2022 Earnings Presentation FEBRUARY 8, 2022 Today's Presenters Scott Hart CEO Jason Ment President & Co-COO Mike McCabe Head of Strategy Johnny Randel Chief Financial Officer STEPSTONE GROUP 2 GAAP Consolidated Income Statements GAAP net income was $126.3 million for the quarter and $380.7 million year-to-date. GAAP net income attributable to StepStone Group Inc. was $48.3 million (or $0.83 per share) for the quarter and $152.1 million (or $3.22 per share) year-to-date. | --- | --- ...

StepStone Group Inc. (NASDAQ:STEP) Q2 2022 Earnings Conference Call November 9, 2021 5:00 PM ET Corporate Participants Seth Weiss - Head of Investor Relations Scott Hart - Co-Chief Executive Officer Mike McCabe - Head of Strategy Johnny Randel - Chief Financial Officer Jason Ment - President and Co-Chief Operating Officer Conference Call Participants Ken Worthington - JPMorgan Alex Folstein - Goldman Sachs Michael Cyprys - Morgan Stanley Operator Good afternoon ladies and gentlemen, and welcome to Stepstone ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ Commission file number 001-39510 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q STEPSTONE GROUP INC. (Exact name of Registrant as specified in its charter) ( ...

Second Quarter Fiscal Year 2022 Earnings Presentation NOVEMBER 9, 2021 Today's Presenters Scott Hart Co-CEO Jason Ment President & Co-COO Mike McCabe Head of Strategy Johnny Randel Chief Financial Officer STEPSTONE GROUP 2 GAAP Consolidated Income Statements GAAP net income was $127.9 million for the quarter and $254.4 million year-to-date. GAAP net income attributable to StepStone Group Inc. was $62.1 million (or $1.45 per share) for the quarter and $103.7 million (or $2.50 per share) year-to-date. | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ Commission file number 001-39510 STEPSTONE GROUP INC. (Exact name of Registrant as specified in its charter) (State ...

StepStone Group Inc. (NASDAQ:STEP) Q1 2022 Earnings Conference Call August 10, 2021 5:00 PM ET Company Participants Seth Weiss - Head of Investor Relations Scott Hart - Co-Chief Executive Officer Mike McCabe - Head of Strategy Johnny Randel - Chief Financial Officer Jason Ment - President & Co-Chief Operating Officer Conference Call Participants Alex Blostein - Goldman Sachs Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to StepStone's F ...