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StepStone Group Inc - STEP STOCK NEWS

Welcome to our dedicated news page for StepStone Group (Ticker: STEP), a resource for investors and traders seeking the latest updates and insights on StepStone Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect StepStone Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of StepStone Group's position in the market.

News
StepStone Group Publishes 2023 Responsible Investment Report
Rhea-AI Summary
StepStone Group Inc. (Nasdaq: STEP) has published its 2023 Responsible Investment Report, focusing on ESG integration, stewardship activities, DEI performance, and climate-related initiatives. The report highlights StepStone's five-stage responsible investment process, industry collaborations, climate management efforts, and human capital investments. Partner and Global Head of Responsible Investment, Suzanne Tavill, emphasizes the growing importance of responsible investing in the private markets sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
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none
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News
Rasa Raises $30 Million Series C Co-led by StepStone Group and PayPal Ventures, Andreessen Horowitz, Accel and Basis Set Ventures for Enterprise Conversational AI
Rhea-AI Summary
Rasa, a leading generative conversational AI platform, secures $30 million in Series C funding led by StepStone Group and PayPal Ventures. The investment aims to enhance technological leadership, expand market presence, and transform customer interactions with innovative AI solutions. Rasa's recent launches of Rasa Pro and Rasa Studio with CALM promise to revolutionize conversational AI with a unique blend of LLMs and traditional chatbots.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
AI
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News
CORRECTING and REPLACING Rasa Raises $30 Million Series C Co-led by StepStone Group and PayPal Ventures, Andreessen Horowitz, Accel and Basis Set Ventures for Enterprise Conversational AI
Rhea-AI Summary
Rasa, a conversational AI platform, secures $30 million in Series C funding led by StepStone Group and PayPal Ventures. The investment aims to enhance technological leadership and market presence, empowering businesses with personalized AI interactions. Rasa's innovative CALM technology combines Large Language Models with traditional chatbots for coherent user engagement. The funding will also support team expansion and job opportunities across North America and Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
AI
News
StepStone Group Reports Third Quarter Fiscal Year 2024 Results
Rhea-AI Summary
StepStone Group Inc. (Nasdaq: STEP) reported its results for the third quarter ended December 31, 2023. The company declared a quarterly cash dividend of $0.21 per share of Class A common stock, payable on March 15, 2024. StepStone issued a detailed presentation of its third-quarter fiscal 2024 results, accessible on the company's website. A webcast and conference call to discuss the results will be held on February 8, 2024, at 5:00 pm ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.28%
Tags
earnings
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News
StepStone Group Announces 2024 Partner and Managing Director Promotions
Rhea-AI Summary
StepStone Group Inc. (Nasdaq: STEP) has announced the addition of 8 new partners and 18 new managing directors. CEO Scott Hart expressed pride in the new leaders and their commitment to helping clients build and manage exceptional private markets portfolios.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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none
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News
StepStone Group to Announce Third Quarter Fiscal 2024 Results on February 8, 2024
Rhea-AI Summary
StepStone Group Inc. (Nasdaq: STEP) will release its Q3 2023 results on February 8, 2024. The webcast and conference call will be held at 5:00 pm ET to discuss the results. The webcast will be available on the Shareholders section of the Company's website. A replay will also be available on the shareholders website. Live participants can join the Q&A portion by registering at the provided link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
earnings
News
StepStone Group Recognized Among Best Places to Work in Money Management by Pensions & Investments
Rhea-AI Summary
StepStone Group Inc. (Nasdaq: STEP) has been named one of the Best Places to Work in Money Management by Pensions & Investments. This recognition reflects the company's commitment to fostering a positive and inclusive workplace culture, as well as its dedication to delivering exceptional results for its clients. Rich Kasnia, Partner and Chief Human Resources Officer at StepStone, expressed the company's honor in receiving this accolade and emphasized their continuous efforts to create an environment where employees can thrive. Pensions & Investments' Executive Editor Julie Tatge highlighted the commitment of the recognized companies to building and maintaining a strong workplace culture, even amidst volatile markets and the ongoing stresses from the pandemic. P&I President and Publisher Nikki Pirrello emphasized the importance of a strong workplace culture in driving the best outcomes and congratulated the 2023 honorees for their commitment to employee well-being, attractive incentive structures, and talent development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
none
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News
UMB Fund Services Assists StepStone Private Wealth with Flagship Fund Transition to Daily Admittance, Launch of New Infrastructure Fund
Rhea-AI Summary
UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), has expanded its services for StepStone Group Private Wealth LLC, part of StepStone Group Inc. (NASDAQ: STEP), by assisting in the transition to daily net asset value (NAV) and daily admittance of StepStone's flagship fund, a $1.6 billion multi-asset-class private markets fund. UMBFS also helped with the recent launch of StepStone's new infrastructure fund. This expansion has allowed investors to purchase shares on a daily basis, eliminating the need for paper subscription documents. StepStone is among the first managers to offer a daily NAV for a multi-asset-class registered fund invested in private markets. UMB Fund Services is providing comprehensive servicing for both funds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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none
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News
StepStone Group Unveils SPI by StepStone, A Leading Intelligence Platform for Private Markets
Rhea-AI Summary
StepStone Group Inc. (Nasdaq: STEP) introduces SPI by StepStone, a suite of applications providing proprietary data, research, and tools to clients and investment teams. It unites the firm’s existing research, data, and private markets tools into a single web-based platform, offering critical insights across asset classes and geographies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.84%
Tags
none
News
StepStone Group Appoints David Park as Chief Financial Officer, Following Retirement of Johnny Randel
Rhea-AI Summary
StepStone Group Inc. has announced the appointment of David Y. Park as Chief Financial Officer (CFO), effective January 1, 2024. Park will succeed Johnny Randel, who has served as CFO since 2010 and will be retiring at the end of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.37%
Tags
management
Stock STEP logo
StepStone Group Inc

Nasdaq:STEP

STEP Rankings

#1739 Ranked by Market Cap
#2314 Ranked by Stock Gains
#1313 Ranked by Dividends

STEP Stock Data

4.13B
54.25M
17.26%
83.91%
2.07%
Portfolio Management
Finance and Insurance
Link
US
New York

About STEP

stepstone is a global private markets firm overseeing approximately us$60 billion of private capital allocations, including over us$12 billion of assets under management. the firm creates customized portfolios for the world’s most sophisticated investors using a highly disciplined research-focused approach that prudently integrates primaries, secondaries, and co-investments. for more information, visit our site at www.stepstoneglobal.com.