Financial Performance Highlights - Management and advisory fees increased by 39% for the quarter, reaching $213.401 million, and by 31% for the full year, totaling $767.014 million[7] - Total revenues increased by 6% for the quarter, amounting to $377.729 million, and by 65% for the full year, reaching $1.17483 billion[7] - Fee revenues increased by 40% for the quarter to $214.662 million and 31% for the full year to $770.489 million[9] - Fee-related earnings increased by 85% for the quarter to $94.081 million and 64% for the full year to $312.204 million[9] - Adjusted net income per share increased by 106% for the quarter to $0.68 and 69% for the full year to $2.05[9] - Gross realized performance fees increased by $120 million for the full year[46] Assets Under Management (AUM) - Assets under management increased by 21% to $189.4 billion[10] - Fee-earning AUM increased by 29% to $121.4 billion[10] - Undeployed fee-earning capital totaled $24.6 billion, a 9% increase[10] Capital Activity - Raised a total of $21 billion of new capital for separately managed accounts over the last twelve months[14] - Raised a total of $10 billion for commingled funds over the last twelve months[14]

Management will host a webcast and conference call today, Thursday, May 22, 2025 at 5:00 pm ET to discuss the Company's results for the fourth quarter and fiscal year ended March 31, 2025. The webcast will be made available on 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 to register. A replay will also be available on the Shareholders section of the Company's w ...

Core Viewpoint - StepStone Group Inc. reported its financial results for the fourth quarter and fiscal year ended March 31, 2025, highlighting significant growth in revenues and net income, alongside the declaration of dividends for shareholders [1][4]. Financial Highlights - Total revenues for the fourth quarter reached $377.7 million, a 6% increase compared to the previous quarter, and a 65% increase year-over-year [8]. - Management and advisory fees for the fourth quarter were $213.4 million, up 39% from the same quarter last year [8]. - Performance fees totaled $164.3 million for the fourth quarter, reflecting a 19% decrease from the previous quarter but a 222% increase year-over-year [8]. - Net income for the fourth quarter was $13.2 million, a significant recovery from a net loss of $287.2 million in the previous quarter [8]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.24 per share and a supplemental cash dividend of $0.40 per share, both payable on June 30, 2025 [1][10]. Assets and Management - As of March 31, 2025, StepStone managed approximately $709 billion in total capital, including $189 billion in assets under management (AUM) [4]. - The company reported a 21% increase in AUM compared to the previous year [8]. Non-GAAP Financial Measures - Fee revenues for the fourth quarter were reported at $214.7 million, a 40% increase year-over-year [8]. - Adjusted revenues for the fiscal year were $969.7 million, reflecting a 46% increase compared to the previous year [8]. - Fee-related earnings (FRE) for the fourth quarter were $94.1 million, with a FRE margin of 44% [8]. Key Business Metrics - The weighted-average shares of Class A common stock increased by 12% year-over-year, reaching 71.1 million [9]. - The company reported a significant increase in cash and cash equivalents, totaling $244.8 million as of March 31, 2025, compared to $143.4 million the previous year [14].

Company Overview - StepStone Group has opened a new office in Dublin, Ireland, under its subsidiary StepStone Group Europe Alternative Investment Limited, which is regulated by the Central Bank of Ireland [2] - The firm has been operating in Dublin since 2005 and provides EU-based clients access to private market investment solutions across various asset classes [3] Financial Performance - As of December 31, 2024, StepStone Group Europe Alternative Investment Limited oversees €29.1 billion in assets under management (AUM), a significant increase from €20.6 billion in December 2022, reflecting a growth of approximately 41% [3] Workforce Expansion - The number of employees in StepStone's Dublin office has doubled since 2021, reaching 110 employees, which constitutes about 10% of the firm's global workforce [4] - The new office spans 12,000 square feet and is designed to foster teamwork, brand pride, wellness, and sustainability [4] Market Position - The expansion in Dublin is seen as a positive development for Ireland's financial services sector, reinforcing the country's status as a prime location for global investment firms seeking access to the European market [5][6] - StepStone's growth in Ireland is attributed to the increasing demand for private market solutions among EU-based institutional and private wealth clients [4] Strategic Initiatives - StepStone has recently launched its first European Long-Term Investment Fund (ELTIF) focused on the private debt market and has converted existing RAIF funds into UCI Part II vehicles [6]

The market expects StepStone Group Inc. (STEP) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 22, 2025, might help the stock move higher if these key numbers ...

Core Viewpoint - StepStone Group Inc. will release its financial results for the fourth quarter and fiscal year ended March 31, 2025, on May 22, 2025, after market close [1]. Group 1: Financial Results Announcement - The financial results will be discussed in a webcast and conference call scheduled for May 22, 2025, at 5:00 pm ET [2]. - A replay of the webcast will be available approximately two hours after the event concludes [2]. Group 2: Company Overview - StepStone Group Inc. is a global private markets investment firm managing approximately $698 billion in total capital, including $179 billion in assets under management as of December 31, 2024 [4]. - The firm's clientele includes large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [4]. - StepStone specializes in developing customized private markets portfolios across private equity, infrastructure, private debt, and real estate asset classes [4].

Core Insights - StepStone Real Estate Partners V (SREP V) has successfully closed with $3.77 billion in primary commitments, making it the largest real estate secondaries fund to date [1] - The fund was significantly oversubscribed, indicating strong investor confidence despite challenging market conditions [2] Fund Performance and Strategy - SREP V and related accounts have committed $1.7 billion across 8 investments, with a robust pipeline of transactions highlighting demand for liquidity solutions from real estate general partners (GPs) [2] - The fund's strategy focuses on providing liquidity solutions during market dislocations, which has proven resilient across various market cycles [4] Investor Base and Market Engagement - SREP V attracted a diverse global investor base, including sovereign wealth funds, pension funds, and insurance companies, with increased participation from North American institutions and commitments from Europe, Asia, the Middle East, and Latin America [4] - The strength of StepStone Real Estate's broader platform, which oversees approximately $170 billion in real estate assets, plays a crucial role in sourcing and evaluating secondaries transactions [5] Historical Context and Evolution - Founded in 2009, StepStone Real Estate has focused on providing liquidity to real estate funds during market dislocations, shifting from traditional secondaries to control-oriented, GP-led secondaries and recapitalizations [3][5]

NEW YORK, April 25, 2025 (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 announced that it has raised $705 million for StepStone Tactical Growth Fund IV (“STGF IV” or the “Fund”), the firm’s fourth fund focused on opportunities within the growth equity market. The Fund had strong participation from a range of investor types including sovereign wealth funds, public pens ...

Group 1 - StepStone Group Inc. (STEP) shares rose 14.8% to $48.74, following a significant trading volume, contrasting with a 16.6% loss over the past four weeks [1][2] - The increase in share price was influenced by the Trump administration's announcement of a 90-day halt on reciprocal tariffs for most countries [2] - StepStone leverages global scale, local teams, multi-asset class expertise, and proprietary data platforms to provide customized solutions, enhancing investment performance [2] Group 2 - The company is expected to report quarterly earnings of $0.47 per share, reflecting a year-over-year increase of 42.4%, while revenues are projected at $237.41 million, down 33.5% from the previous 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 earnings estimate revisions [4] - StepStone Group holds a Zacks Rank of 2 (Buy), indicating positive market sentiment [4] Group 3 - StepStone Group is part of the Zacks Financial - Miscellaneous Services industry, which includes Greystone Housing Impact Investors (GHI) [4] - GHI's consensus EPS estimate has decreased by 29.2% over the past month, with a year-over-year change of -61.9%, and it currently holds a Zacks Rank of 3 (Hold) [5]

Core Viewpoint - StepStone Group Inc. has expanded access to its private market evergreen funds through a partnership with Bergos AG, a Swiss private bank managing CHF7.3 billion in assets, enhancing investor access to institutional-quality private market investments globally [1][3]. Company Overview - StepStone Group Inc. is a global private markets investment firm with approximately $698 billion in total capital, including $179 billion in assets under management as of December 31, 2024 [3]. - The firm provides customized investment solutions and advisory services to a diverse client base, including large pension funds, sovereign wealth funds, and high-net-worth individuals [3]. Fund Details - The following StepStone funds are now available through Bergos AG: - **SPRING Lux**: A venture and growth strategy fund with $341.7 million in assets under management (AUM) and a total net return of 59.92% since its inception in November 2022 [5]. - **STRUCTURE Lux**: A private infrastructure fund with $79.9 million in AUM and a total net return of 24.91% since its inception in September 2023 [5]. - **SCRED Lux**: A private credit fund with $43.6 million in AUM, focusing on various credit-related strategies since its inception in June 2024 [5]. - **SCRED Europe**: A newly launched private credit fund with over €250 million in seed capital, targeting senior secured direct lending in Europe [5]. Partnership Significance - The partnership with Bergos AG aligns with StepStone's mission to provide broader access to private market investments, reflecting shared values between the two institutions [1].