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 capital will drive continued global expansion to bring more insurers into the AI era SAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Federato, the AI-native underwriting platform for insurance, announced today that it has raised a total of $80 million, including its latest Series C funding round. The $40 million round was led by global private markets investor StepStone Group (NASDAQ:STEP), with participation from existing investors, including Emergence Capital, Caffeinated Capital and Pear VC, who together represent over $200 billion in combined assets under management. "We
NEW YORK, Nov. 07, 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 September 30, 2024. This represents results for the second 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 December 13, 2024, to the holders of record as of the close of business on November 29, 2024. StepStone issued a full detailed presentation of its second quarter fiscal 2025 results, which can be accessed
New capital infusion and appointment of highly experienced CEO to accelerate growth of end-to-end deskless workforce management platform Growth equity investment firm Edison Partners today announced leading a $115 million growth investment in New York-based Fingercheck, which provides a state-of-the-art, all-in-one workforce management platform for small and medium businesses (SMBs) with ‘deskless' workforces. StepStone Group (NASDAQ:STEP) and Columbus Capital also participated in the investment. Fingercheck was advised by KPMG Corporate Finance. The company is also announcing the appointment of highly experienced executive leader Dan Kazan as Chief Executive Officer. Under Kazan's leaders
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. This represents results for the second quarter of the fiscal year ending March 31, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, November 7, 2024, at 5:00 pm ET to discuss the Company's results for the second 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
NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- StepStone Private Wealth ("SPW") today announced that it has hired two senior-level executives in marketing and RIA relationship management to support its continued growth. Berta Aldrich has been named Managing Director and Global Head of Private Wealth Marketing and David Robbins has been named Director of Enterprise RIA Relationship Management. Both joined SPW earlier this month. "We are excited to welcome these two accomplished executives with exceptional track records of success in growing asset management franchises the right way," said Bob Long, Partner and CEO of StepStone Private Wealth. "With our platform now managing over $5 billion fo
NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Private Wealth ("SPW") today announced it has surpassed $5 billion in global assets under management, making it one of the fastest growing private market asset managers serving financial professionals and their high net worth clients. Powered by StepStone Group, one of the largest global institutional allocators to the private markets, SPW was founded in 2019 to expand access to these assets for the private wealth market. "In 2019, the mission of our founding team was to design a platform where financial professionals could more easily access private markets, reducing the friction and burden of investing in these opportunities," said
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
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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
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, Nov. 07, 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 September 30, 2024. This represents results for the second 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 December 13, 2024, to the holders of record as of the close of business on November 29, 2024. StepStone issued a full detailed presentation of its second quarter fiscal 2025 results, which can be accessed
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (NASDAQ:STEP) today announced that the Company will release its results for the quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. This represents results for the second quarter of the fiscal year ending March 31, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, November 7, 2024, at 5:00 pm ET to discuss the Company's results for the second 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
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 capital infusion and appointment of highly experienced CEO to accelerate growth of end-to-end deskless workforce management platform Growth equity investment firm Edison Partners today announced leading a $115 million growth investment in New York-based Fingercheck, which provides a state-of-the-art, all-in-one workforce management platform for small and medium businesses (SMBs) with ‘deskless' workforces. StepStone Group (NASDAQ:STEP) and Columbus Capital also participated in the investment. Fingercheck was advised by KPMG Corporate Finance. The company is also announcing the appointment of highly experienced executive leader Dan Kazan as Chief Executive Officer. Under Kazan's leaders
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