Stepstone Group Inc. Stock Price, News & Analysis

StepStone Group Inc. (Nasdaq: STEP) will release its financial results for Q2 of fiscal year 2023 on November 3, 2022, after market close. The earnings call, scheduled for the same day at 5:00 PM ET, will be available live via the Company's website. This quarter marks the financial period ending September 30, 2022. StepStone oversees approximately $588 billion in private markets allocations, with about $137 billion in assets under management.

StepStone Group has launched a new investment fund, SPRIM Lux, aimed at European high net worth investors, with an initial close of over USD 100 million. This fund provides access to StepStone’s semi-liquid, core private markets strategy, which has previously demonstrated significant returns, including a 76% total return since its inception in October 2020. SPRIM Lux will feature a diversified portfolio of 200 companies across 20 funds, enhancing accessibility and transparency in private market investments.

StepStone Real Estate has appointed Yasmine Uzmez as Managing Director on its business development team, enhancing its capabilities in institutional investor relations. With over 18 years of experience in real estate, Uzmez has a background at firms like Park Madison Partners and Shelter Rock Capital Advisors. Her expertise will aid StepStone’s global business development efforts across various asset classes. As of June 30, 2022, StepStone managed $588 billion in private market allocations, including $168 billion within real estate.

StepStone Real Estate has made a strategic equity investment in Anchor Health Properties, aimed at enhancing future growth in healthcare real estate management. This investment, managed through a pension fund client, supports Anchor's plans to improve its balance sheet and credit reserves. As of June 30, 2022, StepStone oversaw US$168 billion in global real estate allocations. With this partnership, both companies expect enhanced investment opportunities and operational improvements in healthcare real estate development across the U.S.

StepStone Group Inc. (Nasdaq: STEP) has announced that CEO Scott Hart and Head of Strategy Mike McCabe will present at the Barclays Global Financial Services Conference on September 13, 2022, at 8:15 am ET. A live webcast and replay will be available on the company's website. StepStone is a global investment firm specializing in private markets, overseeing approximately $588 billion in allocations, with $137 billion in assets under management as of June 30, 2022. The firm advises diverse clients, including pension funds, sovereign wealth funds, and high-net-worth individuals.

Conversus has launched CSPRING, a new investment platform aimed at high-net-worth individuals and smaller institutions. Scheduled for its first closing in the coming months, CSPRING will provide exposure to venture capital and growth equity with a focus on diversification across various managers and sectors. Designed for ease of access, it will offer monthly capital raises and quarterly liquidity options. StepStone will invest alongside CSPRING, leveraging its established network to access top-tier investment opportunities, especially within the innovation economy.

StepStone Group Inc. (Nasdaq: STEP) reported its fiscal Q1 results for the period ending June 30, 2022. The firm, which manages approximately $588 billion across private markets, declared a quarterly cash dividend of $0.20 per share, payable on September 15, 2022. As of the reporting date, it held about $137 billion in assets under management. The company caters to major pension funds, sovereign wealth funds, and high-net-worth individuals, providing tailored investment solutions and advisory services.

ACRE has secured a $300 million capital commitment from StepStone Group, marking a significant partnership. This commitment involves recapitalization of a 1500-unit portfolio and focuses on multifamily investments across the Sun Belt, Midwest, and Texas. ACRE's managing partner highlighted the importance of this achievement in attracting major institutional investors. With over $3.5 billion in assets under management, ACRE has invested in over 22,000 units across various markets since its founding in 2011.

StepStone Group announced that Mike McCabe, Head of Strategy, will present at the UBS Financial Services Conference on August 9, 2022, at 9:30 am ET. A live webcast of the presentation will be available on the StepStone website. As of March 31, 2022, StepStone manages $570 billion in private markets allocations, with $134 billion in assets under management. The firm offers tailored investment solutions across various asset classes, including private equity, infrastructure, private debt, and real estate, catering to a diverse clientele.