Core Insights - StepStone Group reported Q3 CY2025 results that exceeded Wall Street's revenue expectations, with a year-on-year sales increase of 35.2% to $282.3 million and a non-GAAP profit of $0.54 per share, surpassing analysts' consensus estimates by 10.6% [1][3][6] Financial Performance - Revenue reached $282.3 million, beating analyst estimates of $265.4 million, reflecting a 35.2% year-on-year growth and a 6.4% beat [6] - Adjusted EPS was $0.54 compared to analyst estimates of $0.49, marking a 10.6% beat [6] - Adjusted Operating Income stood at $112.5 million, exceeding estimates of $108.6 million, with a margin of 39.9% [6] - Operating Margin was reported at -256%, a decline from 24.4% in the same quarter last year [6] - Market Capitalization is currently $4.89 billion [6] Private Wealth Platform - The firm experienced record-breaking subscriptions in its Private Wealth channel, with $2.4 billion in new inflows and over $700 million attracted by the new STPEX private equity interval fund in its first month [7] - Strong institutional fundraising was evident, generating $3.8 billion in managed account additions, with a retention rate above 90% [7] Geographic and Product Expansion - StepStone expanded its global presence by opening offices in the Netherlands, Spain, South Korea, and Saudi Arabia, enhancing its reach across Europe, Asia, and the Middle East [7] Data and Technology Advancements - The launch of Kroll StepStone Private Credit benchmarks and FTSE StepStone Global Private Market Indices was highlighted, providing daily institutional-grade benchmarks and laying the groundwork for future index-based investment products [8] Expense Trends - Operating expenses increased due to higher spending on technology, travel, and expansion projects, with expectations for further cost increases in upcoming quarters related to major industry events and infrastructure investments [8]

Deepens Relationship with Longstanding Clients in the KingdomEstablishes Formal Presence in the Middle East RIYADH, Saudi Arabia and NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- StepStone Group (NASDAQ: STEP), a global private markets investment firm, today announced that it has opened a new office in Riyadh. The office reaffirms StepStone’s continued commitment to clients in the Kingdom of Saudi Arabia. Having received its license from the Capital Market Authority (CMA), StepStone's physical presence in Ri ...

Core Insights - Blue Owl Capital Inc. has appointed Greg Porteous as Managing Director and Head of Defined Contribution Retirement Solutions to enhance access to private markets and alternative investments in DC retirement plans across the US [1][3] Company Developments - Porteous previously worked at State Street Investment Management, where he led teams in developing key DC relationships and partnerships [2] - His experience includes senior roles at BlackRock and UBS, indicating a strong background in the investment management industry [2] Market Context - The appointment of Porteous aligns with a growing demand in the defined contribution market for access to private markets and differentiated sources of return [3] - Blue Owl is committed to integrating alternatives like private credit and real assets into DC plans through collective investment trusts (CITs) [3] Strategic Partnerships - Blue Owl has partnered with Voya Financial to create private market investment products tailored for DC retirement plans, focusing on launching CITs that provide access to Blue Owl's strategies [4] - The collaboration aims to deliver outcome-oriented solutions to help participants build resilient portfolios and achieve retirement goals [4]

Core Insights - StepStone Private Wealth Solutions (SPWS) has achieved significant growth, reaching $10.2 billion in assets under management as of July 31, 2025, positioning itself as a key player in private markets investment [1][2][3] Company Overview - StepStone Group is a global private markets investment firm managing approximately $723 billion in total capital, including $199 billion in assets under management as of June 30, 2025 [6] - The firm serves a diverse clientele, including large pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [6] Growth Drivers - The growth of SPWS is attributed to increased allocations to private market assets, particularly through evergreen and semi-liquid structures, with investments from private banks, wealth managers, and family offices [2][3] - Engagement from Registered Investment Advisors (RIAs) and strategic partnerships with financial intermediaries have been crucial in driving investments across SPWS's product offerings, which include private equity, venture capital, private debt, and infrastructure [2][3] Strategic Initiatives - SPWS is enhancing investor access by lowering investment minimums and eliminating accredited investor status for several wealth products in the US [4][7] - The firm has partnered with Goji to improve access to its global private market evergreen funds, including the SCRED ELTIF and UCI Part II structure [4][7] - StepStone Academy is expanding to provide on-demand continuing education credits for financial professionals, offering resources to enhance understanding of private markets [5][7] Market Positioning - StepStone differentiates itself through its proprietary intelligence platform (SPI by StepStone) and extensive relationships with leading deal sponsors, enhancing its global reach with 29 offices [3][6] - The firm aims to address legacy barriers in private market investments, providing simplified and transparent structures for investors [3][4]

Company Overview - StepStone Group is a global private markets investment firm with approximately $709 billion in total capital as of March 31, 2025, including $189 billion in assets under management [2] - The firm serves a diverse client base, including large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [2] Partnership with Goji - StepStone Group is leveraging Goji's technology to enhance access to its European private market evergreen funds, aiming to simplify the investor journey [1] - Goji provides a technology-enabled investment platform that offers a secure, scalable, and customizable solution for asset managers and investors [3] - The collaboration is expected to deliver a streamlined and efficient investment experience, supported by Euroclear's digital infrastructure and regulatory expertise [1] Fund Performance - StepStone Private Markets (Luxembourg) ("SPRIM Lux") has $351 million in assets under management and a total net return of 43.81% since its inception in September 2022 [4] - StepStone Private Venture and Growth (Luxembourg) ("SPRING Lux") has $427 million in assets under management with a total net return of 70.65% since its inception in November 2022 [4] - StepStone Private Infrastructure (Luxembourg) ("STRUCTURE Lux") has $89.9 million in assets under management and a total net return of 32.24% since its inception in September 2023 [4] - StepStone Private Credit Europe ELTIF ("SCRED Europe") launched in February 2025 with over €250 million in seed capital, focusing on a diversified European private credit strategy [4]

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].

Core Insights - J.P. Morgan Asset Management's JPMorgan Private Markets Fund has been added to the Schwab Alternative Investment OneSource platform, enhancing access to private market investments for a broader range of investors [1][2] - The fund offers a diversified portfolio of small and mid-market companies through co-investments and secondaries, typically available only to institutional investors [2] - The JPMorgan Private Markets Fund employs advanced investment strategies aimed at resilience and growth, managed by a team with over 40 years of experience in private markets [2] Company Overview - J.P. Morgan Asset Management manages $3.6 trillion in assets as of December 31, 2024, serving a diverse clientele including institutions, retail investors, and high net worth individuals globally [4] - JPMorgan Chase & Co. has $4.2 trillion in assets and $346 billion in stockholders' equity as of December 31, 2024, and is a leader in various financial services including investment banking and asset management [5]