StepStone Group Inc. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, and buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, consumer staples , financials, telecommunication services, energy, infrastructure, real estate, and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. It typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $25000 million. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and International funds. It also seeks to make co-investments and follow on investments and considers partial interests in funds. StepStone Group LP was founded in 2007 and is based in New York, New York with additional offices across North America, Europe, Australia, and Asia.
IPO Year: 2020
Exchange: NASDAQ
Website: stepstonegroup.com/
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/11/2024 | $40.00 → $49.00 | Neutral → Overweight | JP Morgan |
3/20/2024 | $48.00 | Outperform | Oppenheimer |
9/7/2022 | $42.00 | Buy | BofA Securities |
8/31/2022 | $33.00 | Equal Weight | Barclays |
7/19/2022 | $46.00 → $30.00 | Overweight → Equal-Weight | Morgan Stanley |
1/18/2022 | $2.50 → $2.15 | Outperform → Market Perform | Raymond James |
12/22/2021 | $48.00 | Outperform | Evercore ISI Group |
10/15/2021 | $56.00 → $55.00 | Overweight | Morgan Stanley |
8/13/2021 | $1.75 → $2.00 | Market Perform | BMO Capital |
8/12/2021 | $52.00 → $56.00 | Overweight | Morgan Stanley |
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NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended June 30, 2024. This represents results for the first quarter of the fiscal year ending March 31, 2025. The Board of Directors of the Company has declared a quarterly cash dividend of $0.24 per share of Class A common stock, payable on September 13, 2024, to the holders of record as of the close of business on August 30, 2024. StepStone issued a full detailed presentation of its first quarter fiscal 2025 results, which can be accessed by visit
NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended June 30, 2024, after the market closes on Thursday, August 8, 2024. This represents results for the first quarter of the fiscal year ending March 31, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 8, 2024, at 5:00 pm ET to discuss the Company's results for the first quarter of the fiscal year ending March 31, 2025. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen to a live b
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the fourth quarter and fiscal year ended March 31, 2024, after the market closes on Thursday, May 23, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, May 23, 2024, at 5:00 pm ET to discuss the Company's results for the fourth quarter and fiscal year ended March 31, 2024. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled
NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended December 31, 2023. This represents results for the third quarter of the fiscal year ending March 31, 2024. The Board of Directors of the Company has declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on March 15, 2024, to the holders of record as of the close of business on February 29, 2024. StepStone issued a full detailed presentation of its third quarter fiscal 2024 results, which can be acces
NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended December 31, 2023 after the market closes on Thursday, February 8, 2024. This represents results for the third quarter of the fiscal year ending March 31, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, February 8, 2024, at 5:00 pm ET to discuss the Company's results for the third quarter of the fiscal year ending March 31, 2024. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen to a
NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended September 30, 2023. This represents results for the second quarter of the fiscal year ending March 31, 2024. The Board of Directors of the Company has declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on December 15, 2023, to the holders of record as of the close of business on November 30, 2023. StepStone issued a full detailed presentation of its second quarter fiscal 2024 results, which can be accesse
NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended September 30, 2023 after the market closes on Monday, November 6, 2023. This represents results for the second quarter of the fiscal year ending March 31, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Monday, November 6, 2023, at 5:00 pm ET to discuss the Company's results for the second quarter of the fiscal year ending March 31, 2024. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen to a
NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended June 30, 2023. This represents results for the first quarter of the fiscal year ending March 31, 2024. The Board of Directors of the Company has declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on September 15, 2023, to the holders of record as of the close of business on August 31, 2023. StepStone issued a full detailed presentation of its first quarter fiscal 2024 results, which can
NEW YORK, July 20, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended June 30, 2023 after the market closes on Thursday, August 3, 2023. This represents results for the first quarter of the fiscal year ending March 31, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 3, 2023, at 5:00 pm ET to discuss the Company's results for the first quarter of the fiscal year ending March 31, 2024. The conference call will also be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen
NEW YORK, May 24, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the fourth quarter and full fiscal year ended March 31, 2023. The Board of Directors of the Company has declared a quarterly cash dividend of $0.20 per share of Class A common stock, and a supplemental dividend of $0.25 per share of Class A common stock, both payable on June 30, 2023, to the holders of record as of the close of business on June 15, 2023. StepStone issued a full detailed presentation of its fourth quarter and full fiscal year ended March 31, 202
JP Morgan upgraded StepStone Group from Neutral to Overweight and set a new price target of $49.00 from $40.00 previously
Oppenheimer initiated coverage of StepStone Group with a rating of Outperform and set a new price target of $48.00
BofA Securities initiated coverage of StepStone Group with a rating of Buy and set a new price target of $42.00
Barclays initiated coverage of StepStone Group with a rating of Equal Weight and set a new price target of $33.00
Morgan Stanley downgraded StepStone Group from Overweight to Equal-Weight and set a new price target of $30.00 from $46.00 previously
Raymond James downgraded STEP Energy Services from Outperform to Market Perform and set a new price target of $2.15 from $2.50 previously
Evercore ISI Group initiated coverage of StepStone Group with a rating of Outperform and set a new price target of $48.00
Morgan Stanley reiterated coverage of StepStone Group with a rating of Overweight and set a new price target of $55.00 from $56.00 previously
BMO Capital reiterated coverage of STEP Energy Services with a rating of Market Perform and set a new price target of $2.00 from $1.75 previously
Morgan Stanley reiterated coverage of StepStone Group with a rating of Overweight and set a new price target of $56.00 from $52.00 previously
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Company appoints Professor Youngme Moon to Board of Directors NEW YORK, June 8, 2022 /PRNewswire/ -- Multiverse has closed a $220 million Series D funding round at a post-money valuation of $1.7 billion, doubling its valuation from eight months ago. The latest round was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst. The funding will be used to accelerate US expansion and broaden the range of learning programs, creating more routes to career progression for apprentices and helping organizations close digital skills gaps across their workforce. Founders Circle Capital and existing investors Audacious Ventures, BOND, D1 Capital Partners, GV
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm, announced today the appointment of Valerie G. Brown to the company's Board of Directors, effective April 12, 2021. This is a newly created directorship and expands the Board to 11 members. Ms. Brown will be the Board's third independent director and will serve on the Audit Committee. Ms. Brown joins StepStone's Board following a distinguished career in the financial services and wealth management industries. From 2016 to 2019, Ms. Brown served as Executive Chairman of the Board of Directors of Advisor Group, Inc., one of the largest wealth management firms supporting
NEW YORK--(BUSINESS WIRE)--Trilantic North America, a leading private equity firm, announced today that it has expanded its senior leadership team with the promotions of Giulianna Ruiz, General Counsel and Chief Compliance Officer, to Partner, and Christopher Murphy, Principal, to Partner of Business Development, as well as the appointment of Kristin DePlatchett who joins the firm as Partner and Head of Investor Relations. “We are delighted to elevate these exceptional professionals to the leadership team as we position the firm for continued growth,” said Charlie Ayres, Chairman and Managing Partner of Trilantic North America. “Over their tenures with Trilantic North America, Gi
Ratings for StepStone Group (NASDAQ:STEP) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $45.2, a high estimate of $48.00, and a low estimate of $42.00. This upward trend is apparent, with the current ave
Evercore ISI Group analyst John Dunn maintains StepStone Group (NASDAQ:STEP) with a Outperform and raises the price target from $41 to $48.
Barclays analyst Benjamin Budish maintains StepStone Group (NASDAQ:STEP) with a Equal-Weight and raises the price target from $42 to $46.
Goldman Sachs analyst Alexander Blostein maintains StepStone Group (NASDAQ:STEP) with a Neutral and raises the price target from $41.25 to $46.
Ratings for StepStone Group (NASDAQ:STEP) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $42.2, a high estimate of $49.00, and a low esti
UBS analyst Adam Beatty maintains StepStone Group (NASDAQ:STEP) with a Neutral and raises the price target from $38 to $44.
U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Monday. Shares of ICC Holdings, Inc. (NASDAQ:ICCH) rose sharply during Monday's session. Mutual Capital Group announced plans to acquire ICC Holdings, Inc. for $23.50 per share in a $73.8 million transaction. ICC Holdings shares jumped 43% to $22.03 on Monday. Here are some other big stocks recording gains in today’s session. QXO, Inc. (NASDAQ:QXO) climbed 28.6% to $283.00. Opera Limited (NASDAQ:OPRA) shares gained 22% to $16.83. Ivanhoe Electric Inc. (NYSE:IE) rose 18% to $10.74. iLearningEngines, Inc. (NASDAQ:AILE) surged 17.5% to $5.58. Cactus, Inc. (NYSE:WHD) surged 13.6% to $53.19. SEA
Technology stocks surged on Friday, rebounding sharply after Thursday’s decline, as investor confidence in the artificial intelligence-driven rally remained high. The Nasdaq 100 index jumped over 1%, reaching 18,820 points by 1 p.m. in New York, setting the stage for a record high close and marking its fifth consecutive week of gains — the longest streak since January. The S&P 500 rose 0.7%, though it only partially recovered from Thursday’s losses. Small-cap stocks saw robust gains, with the iShares Russell 2000 ETF (NYSE:IWM) up 1%, while blue chips increased by just 0.2%. Chipmakers, solar and power utilities were the top-performing industries, as traders appeared to broaden thei
NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions, advisory, and data services, today announced the final close of StepStone Secondary Opportunities Fund V, L.P. ("SSOF V") and related separate accounts (together, "Fund V") with $7.4 billion of capital commitments. With $4.8 billion of aggregate capital commitments, SSOF V more than doubled in size relative to its predecessor fund. The Firm's secondaries strategy leverages StepStone's broader platform to utilize its sponsor relationships, differentiated data, and information access to create opportunities that may g
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. ("StepStone") today announced the pricing of the previously announced underwritten offering of 4,099,997 shares of StepStone's Class A common stock, at a price of $50.00 per share (before underwriting discounts and commissions) (the "Offering"). The Offering is expected to close on September 11, 2024, subject to the satisfaction of customary closing conditions. StepStone intends to use all of the net proceeds from the Offering, after underwriting discounts and commissions and expenses, to purchase shares of Class A common stock from certain holders thereof and to pay cash upon exchange of Class B units (together with an equ
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. ("StepStone") today announced that it intends to offer for sale in an underwritten offering 4,099,997 shares of StepStone's Class A common stock (the "Offering"). StepStone intends to use all of the net proceeds from the Offering, after underwriting discounts and commissions and expenses, to purchase shares of Class A common stock from certain holders thereof and to pay cash upon exchange of Class B units (together with an equal number of shares of Class B common stock of StepStone) and Class C units, as applicable, by certain holders thereof. As a result, StepStone will not retain any net proceeds from the Offering, an
NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that Scott Hart, CEO, and Mike McCabe, Head of Strategy, are scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 2:00 pm ET. A live webcast and replay will be accessible through the StepStone website at https://shareholders.stepstonegroup.com. About StepStone StepStone Group Inc. (NASDAQ:STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of June 30, 2024, StepStone was responsible for approximately $701 billion of total capital, including
NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended June 30, 2024. This represents results for the first quarter of the fiscal year ending March 31, 2025. The Board of Directors of the Company has declared a quarterly cash dividend of $0.24 per share of Class A common stock, payable on September 13, 2024, to the holders of record as of the close of business on August 30, 2024. StepStone issued a full detailed presentation of its first quarter fiscal 2025 results, which can be accessed by visit
NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended June 30, 2024, after the market closes on Thursday, August 8, 2024. This represents results for the first quarter of the fiscal year ending March 31, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 8, 2024, at 5:00 pm ET to discuss the Company's results for the first quarter of the fiscal year ending March 31, 2025. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen to a live b
NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (NASDAQ:STEP), announced today that it was the recipient of the 2024 IPE Real Estate Global Awards' Investment Consultancy of the Year. In April, SRE was also voted the Global Indirect Firm of the Year by the readers of Private Equity Real Estate (PERE). The Investment Consultancy of the Year Award recognizes SRE's approach to advising its institutional clients and investors on their real estate investment programs. Among the judges' considerations in selecting SRE for the award were the innovative solutions that SRE executed for a prominent U.S.
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- StepStone Private Wealth ("SPW") today announced the launch of the StepStone Private Credit Income Fund ("CRDEX"), an evergreen interval fund that can be purchased daily via ticker CRDEX. CRDEX offers individual investors and institutions exposure to a highly diversified, open-architecture portfolio of private credit assets in a single investment, seeking to generate current income and long-term capital appreciation, mainly by investing in various credit-related strategies. CRDEX will use a "multi-lender" approach to help achieve its objectives and employ both direct lending and specialty credit strategies to construct its portfolio, which will
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP), a global private markets investment firm focused on providing customized investment solutions, advisory, and data services, today announced that it has raised $3.3 billion for StepStone VC Secondaries Fund VI, L.P. ("VSF VI"), the firm's sixth secondaries fund focused on opportunities in the venture capital asset class. The oversubscribed fund had strong participation from existing investors, as well as select new limited partners. It represents the largest fund exclusively pursuing venture capital secondaries raised to date. StepStone Group launched its inaugural venture capital secondaries fund in 2014 when
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