Amundi has acquired a 4.6% stake in private equity investment firm ICG and entered a long-term partnership to expand private markets access for wealth clients. The Amundi-ICG partnership includes a ten-year agreement, joint product development, and a minority equity investment by Amundi in ICG. Under the agreement, Amundi will serve as the exclusive global distributor in the wealth channel for ICG’s everg7reen and select other products. ICG will serve as Amundi’s exclusive provider for these products wi ...

Core Insights - StepStone Group has opened a new office in Madrid, marking its ninth office in Europe and demonstrating the firm's commitment to expansion in the region [1][2] - The Madrid office aims to enhance access to high-quality global investment opportunities for clients in Southern Europe, particularly in Spain, Portugal, and Andorra [2] - StepStone Group manages approximately $771 billion in total capital, with $209 billion in assets under management as of September 30, 2025 [4] Company Expansion - The establishment of the Madrid office is part of StepStone's long-term growth strategy in Southern Europe [2] - The office will be led by Guglielmo Russo Walti, focusing on business development and client relations in the Iberian region [2] Client Focus - StepStone Group aims to combine local market understanding with global expertise to help clients capitalize on investment opportunities [2] - The firm serves a diverse client base, including large pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [4] Global Presence - With 31 offices worldwide, StepStone is positioned to meet the rising global demand for investment opportunities that provide attractive risk-adjusted returns [3]

Core Insights - Charles Schwab announced the acquisition of Forge Global, a private markets platform, for $600 million, valuing Forge at $45 per share, leading to a nearly 70% increase in Forge's stock price [1][4] - This acquisition follows Morgan Stanley's recent purchase of Equity Zen, indicating a trend in the private markets trading space [1] - The deal aims to enhance access for retail clients to private market investments, aligning with Schwab's mission to democratize investment opportunities [3][10] Company Strategy - The acquisition is seen as a strategic move to provide retail clients with access to a growing marketplace of private companies, which have been increasingly successful in wealth creation [3][10] - Forge is recognized as a leader in the private company marketplace, with relationships with over 625 companies and the highest transactional volume in the sector [5][6] - Schwab plans to introduce a fund structure that allows investors to access a basket of private companies, with a 40-act fund expected to launch in Q1 2026 [6][10] Market Trends - The private market has seen significant growth, with companies now staying private for an average of 14 years before going public, compared to 6 years in 2000 [9][10] - The decrease in IPOs by 85% reflects this trend, as private companies have grown in size and wealth creation opportunities [10] - The acquisition is expected to create liquidity and demand in the private markets, benefiting both investors and employees of successful private companies [12][11] Client Engagement - Schwab is also focusing on expanding its offerings in the cryptocurrency space, with plans to launch spot crypto trading in the first half of next year [13][15] - Client engagement in crypto has increased, with Schwab clients owning 20% of exchange-traded products related to cryptocurrencies [14]

Transaction Overview - Federated Hermes, Inc (FHI) will acquire 80% of FCP Fund Manager, L.P (FCP) for $239 million upfront, consisting of $215.8 million in cash and $23.2 million in FHI shares [50] - There is a potential earnout consideration of up to $92 million based on achieving certain performance thresholds [50] - FHI will have the option to purchase, and Management Company Sellers will have the option to sell the remaining interest in FCP after five years through a Put/Call agreement [50] Financial Impact - FCP's expected 2025 revenue is approximately $59 million and EBITDA is approximately $30 million [50] - The upfront consideration represents 9.9x 2025 projected EBITDA less 20% minority interest [50] - The transaction is expected to be accretive to EPS, with FY2027E accretion of approximately $0.13 per share [52] - The transaction is expected to close in the first half of 2026 [50] Strategic Rationale - The acquisition significantly expands FHI's U S based private markets investment presence [10] - FCP has $3.8 billion in AUM as of June 30, 2025, which will anchor FHI's private markets growth initiative [10, 15] - FCP has invested in or financed more than $14.6 billion of residential and commercial real estate in gross asset value since inception [20, 36]

NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended September 30, 2025, after the market closes on Thursday, November 6, 2025. This represents results for the second quarter of the fiscal year ending March 31, 2026. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, November 6, 2025, at 5:00 pm ET to discuss the Company’s results for the second quarter ...

Core Viewpoint - StepStone Group Inc. will release its financial results for the first quarter of the fiscal year ending March 31, 2026, on August 7, 2025, after market close [1] Group 1: Earnings Release Information - The earnings results will be available after the market closes on August 7, 2025 [1] - A webcast and conference call will be held on the same day at 5:00 pm ET to discuss the results [2] - Participants can register for the live Q&A portion of the call through a provided link [3] Group 2: Company Overview - StepStone Group Inc. is a global private markets investment firm focused on customized investment solutions and advisory services [4] - As of March 31, 2025, the company managed approximately $709 billion in total capital, including $189 billion in assets under management [4] - The client base includes large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [4]

Core Insights - StepStone Group has opened a new office in Jeonju, South Korea, enhancing its partnership with the National Pension Service (NPS) [1][2] - The Jeonju office is StepStone's second location in South Korea, following the Seoul office established in 2014 [1] - The opening ceremony was attended by senior leaders from both StepStone and NPS, highlighting the importance of this partnership [3] Company Overview - StepStone Group is a global private markets investment firm managing approximately $709 billion in total capital, with $189 billion in assets under management as of March 31, 2025 [4] - The firm provides customized investment solutions and advisory services to a diverse client base, including large pension funds, sovereign wealth funds, and private wealth clients [4] - StepStone focuses on developing private markets portfolios across various asset classes, including private equity, infrastructure, private debt, and real estate [4]

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].

Group 1: Core Insights - BlackRock Inc. is integrating private equity and credit investments into pre-built portfolios to meet rising demand from individual investors [1] - The model portfolios combine publicly traded stocks and bonds with private equity and credit funds, marking a first in the asset management industry [2] - Private markets are expected to contribute approximately 15% to the total investments in these portfolios, which will be customizable [3] Group 2: Strategic Rationale - BlackRock's move aligns with recent strategic acquisitions valued at nearly $28 billion to enhance private market capabilities and generate higher fee income [4] - The company has acquired Global Infrastructure Partners for $12.5 billion and Preqin for £2.55 billion ($3.3 billion), and is completing a $12 billion acquisition of HPS Investment Partners [4] - The product launch is part of BlackRock's strategy to expand private market capabilities and offer diversified offerings for higher risk-adjusted returns [5] Group 3: Industry Context - SEI Investments Co. recently launched SEI Strategies in collaboration with Capital Group to enhance tax solutions through model portfolios, reflecting a trend in the industry [6] - SEI's new model portfolios complement its existing suite of core building block solutions for investor portfolios [7] - Robinhood Markets launched a prediction markets hub within its app, aiming to compete with dominant derivatives brokers and expand its service offerings [8]