StepStone (US:STEP)2021-11-10 13:41Financial Performance - GAAP net income attributable to StepStone Group Inc was $62.1 million or $1.45 per share for the quarter[4] - GAAP net income attributable to StepStone Group Inc was $103.7 million or $2.50 per share year-to-date[4] - Adjusted Net Income (ANI) was $40.1 million, a 120% increase compared to $18.3 million in the prior year quarter[10] - ANI per share increased 111% to $0.40, compared to $0.19 in the prior year quarter[10] - Adjusted revenues increased 61% to $139.7 million, compared to $86.6 million in the prior year quarter[10] - Gross realized performance fees increased 414% to $56.1 million for the quarter[27] Assets Under Management (AUM) and Fee-Earning AUM (FEAUM) - Assets under management (AUM) increased 68% to $121.3 billion, compared to $72.0 billion in the prior year quarter[10] - Fee-earning AUM (FEAUM) increased 50% to $66.7 billion, compared to $44.3 billion in the prior year quarter[10] - Undeployed fee-earning capital increased 9% to $17.8 billion, compared to $16.4 billion in the prior year quarter[10] Growth and Acquisitions - The acquisition of Greenspring added $22.5 billion of AUM and $11.4 billion of fee-earning AUM as of September 30, 2021[10]