StepStone (US:STEP)2025-11-06 22:00Financial Performance - GAAP net loss attributable to StepStone Group Inc was $366.1 million, or $4.66 per share, for the quarter[3] - GAAP net loss was $575.5 million for the quarter and $587.5 million year-to-date[3] - Fee revenues increased by 17% to $217.5 million for the quarter and 18% to $430.2 million year-to-date[8] - Adjusted net income (ANI) was $66.7 million, or $0.54 per share, for the quarter, a 25% increase[8] - Fee-related earnings (FRE) increased 9% to $78.6 million for the quarter and 11% to $159.9 million year-to-date[8] - Gross realized performance fees increased 178% to $64.9 million for the quarter and 36% to $89.6 million year-to-date[26] Assets Under Management (AUM) - Assets under management (AUM) reached $209.1 billion, a 19% increase compared to the previous year[8] - Fee-earning AUM (FEAUM) grew by 27% to $132.8 billion[8] - Undeployed fee-earning capital remained relatively stable at $29.8 billion[8] Capital Raising and Deployment - The company raised $18 billion of new capital for separately managed accounts (SMA) over the last twelve months (LTM)[9] - $11 billion was raised for commingled funds over the LTM[9] - Total private wealth platform AUM is approximately $12.1 billion[9]