StepStone Group Announces $100 Million Stock Repurchase Program

Core Viewpoint - StepStone Group Inc. has authorized a stock repurchase program of up to $100 million for its Class A common stock, reflecting its capital-efficient business model and commitment to returning value to shareholders [1][2]. Group 1: Stock Repurchase Program - The stock repurchase program allows StepStone to buy back shares through various means, including open market purchases and privately negotiated transactions, with the timing and amount determined by management based on market conditions [2]. - The program is designed to complement the company's ongoing dividend strategy, which includes a recurring annual supplemental dividend alongside its normal quarterly dividend [2]. Group 2: Financial Performance and Client Base - As of December 31, 2025, StepStone managed approximately $811 billion in total capital, with $220 billion in assets under management, indicating a strong position in the private markets investment sector [3]. - The company serves a diverse clientele, including large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals, showcasing its broad market reach [3].