StepStone (US:STEP)2025-05-22 20:17Financial 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]