Stepstone Group Inc. Stock Price, News & Analysis

StepStone Real Estate (SRE), the real estate division of StepStone Group (STEP), has been awarded the 2025 IPE Real Estate Global Awards' Investment Consultancy of the Year for the fourth consecutive year. The award recognizes SRE's excellence in advising institutional clients on real estate investments. The judges highlighted the firm's global reach, experienced team, GP relationships, market coverage, and proprietary technology as key advantages. In 2024, SRE demonstrated significant activity, conducting around 1,000 manager meetings and approving $14 billion in real estate capital commitments across 47 funds. The company's success is attributed to its comprehensive approach, combining hands-on investment experience in secondaries, recapitalizations, and co-investments with extensive research capabilities.

Seven Stars, a new venture capital firm founded by former SV Angel Partner Steven Lee, has launched its inaugural $40 million pre-seed and seed-stage fund focused on AI startups. The fund was oversubscribed in just five weeks and will target early-stage AI applications across consumer and enterprise technology. Lee, who has helped founders raise over $1.25 billion in capital, brings extensive experience in seed-stage AI investments. The firm's LP base includes institutional investors such as university endowments and pension funds. Seven Stars offers founders fundraising coaching, talent pipeline access, and a network of advisors from companies like Google, Meta, Microsoft, and OpenAI. The firm's name is inspired by Lee's Korean-American heritage and his parents' small business.

StepStone Group (STEP), a global private markets solutions provider, has opened its second South Korean office in Jeonju, North Jeolla Province. This strategic expansion follows their 2014 Seoul office establishment and strengthens their partnership with the National Pension Service (NPS), one of the world's largest institutional investors. The office opening ceremony on April 22 was attended by key leaders including NPS Chairman Kim Tae-hyun and StepStone CEO Scott Hart. The new location aims to enhance communication and collaboration with NPS, focusing on providing superior investment services and solutions. This move demonstrates StepStone's commitment to regional engagement and operational excellence in serving global institutional clients.

StepStone Group (Nasdaq: STEP) has announced that CEO Scott Hart and Head of Strategy Mike McCabe will participate in the Morgan Stanley US Financials Conference. The presentation is scheduled for Tuesday, June 10, 2025, at 2:30 pm ET. Investors and interested parties can access both the live webcast and replay of the presentation through StepStone's investor relations website at shareholders.stepstonegroup.com.

StepStone Group (NASDAQ: STEP), a global private markets investment firm, has announced its fourth quarter and fiscal year 2025 results. The company's Board of Directors has declared a quarterly cash dividend of $0.24 per share of Class A common stock, along with a supplemental cash dividend of $0.40 per share. Both dividends will be payable on June 30, 2025, to shareholders of record as of June 13, 2025.

The company has made detailed financial results available on its website and will host a webcast and conference call on May 22, 2025, at 5:00 pm ET to discuss the quarterly and annual performance.

StepStone Group (STEP) has announced the opening of its new office in Dublin, Ireland, through its subsidiary StepStone Group Europe Alternative Investment Limited (SGEAIL). The 12,000 square foot facility at One Haddington Buildings represents an expansion of the company's presence in Ireland, where it has operated since 2005. SGEAIL, regulated by the Central Bank of Ireland, has seen significant growth with AUM increasing from €20.6 billion in December 2022 to €29.1 billion as of December 2024. The Dublin office now employs 110 people, representing 10% of StepStone's global workforce, having doubled its headcount since 2021. The expansion supports the firm's growing EU-based institutional and private wealth client base, with recent initiatives including the launch of its first ELTIF focused on private debt and the conversion of RAIF funds into UCI Part II vehicles.

StepStone Group (Nasdaq: STEP) has scheduled the release of its fourth quarter and fiscal year 2025 financial results for May 22, 2025, after market close. The company will host a webcast and conference call at 5:00 pm ET on the same day to discuss the results for the period ended March 31, 2025.

Interested participants can access the webcast through StepStone's shareholders website. For those wanting to participate in the Q&A session, pre-registration is required through the provided registration link. A replay of the event will be available approximately two hours after its conclusion on the shareholders website.

StepStone Real Estate (SRE), part of StepStone Group (Nasdaq: STEP), has successfully closed its fifth flagship fund, StepStone Real Estate Partners V (SREP V), raising $3.77 billion in primary commitments - marking it as the largest real estate secondaries fund to date. Including co-investments and discretionary vehicles, the total investment capacity exceeds $4.5 billion.

Despite challenging market conditions, SREP V was significantly oversubscribed, with $1.7 billion already committed across 8 investments. The fund attracted diverse global investors, including sovereign wealth funds, pension funds, insurance companies, and wealth management platforms, with increased participation from North American institutions and investors across Europe, Asia, the Middle East, and Latin America.

SRE's advisory practice oversees approximately $170 billion in real estate assets under advisement, conducting over 1,000 manager meetings annually and allocating roughly $17 billion per year across various investments. The fund focuses on GP-led secondaries and recapitalizations of real estate vehicles, particularly during market dislocations.

StepStone Group (Nasdaq: STEP) has successfully raised $705 million for its fourth StepStone Tactical Growth Fund (STGF IV), focusing on growth equity market opportunities. The fund attracted diverse investors including sovereign wealth funds, public pensions, and family offices.

STGF IV targets founder-led businesses in technology and healthcare sectors outside traditional venture capital, seeking companies with rapid topline growth, strong margins, and minimal leverage. The fund is managed by StepStone's Venture Capital and Growth Equity Team, which deploys approximately $5.5 billion annually across various investment types.

With over 80 dedicated investment professionals, StepStone implements flexible investment strategies including direct co-investments, continuation vehicles, and secondary transactions.