Welcome to our dedicated page for Stepstone Group news (Ticker: STEP), a resource for investors and traders seeking the latest updates and insights on Stepstone Group stock.
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm in the portfolio management industry, and its news flow reflects its activities across private equity, infrastructure, private debt and real estate. This page aggregates news and press releases related to StepStone, giving readers a single place to review the company’s latest announcements and market updates.
According to its public communications, StepStone focuses on customized private markets investment solutions, advisory mandates and data services for institutional and private wealth clients. News items often highlight new partnerships, such as collaborations with Aviva to support UK pension strategies or with FTSE Russell to launch the FTSE StepStone Global Private Market Indices using StepStone’s proprietary fund-level data.
Readers can expect coverage of earnings announcements and financial results, including quarterly updates where StepStone reports management and advisory fees, performance fees, assets under management, assets under advisement and related non-GAAP metrics. Regulatory filings and governance developments, such as amendments to the company’s certificate of incorporation or outcomes of annual shareholder meetings, also appear in company news and associated SEC reports.
In addition, StepStone’s news includes business expansion and transaction activity. Examples include the opening of new offices in Madrid and Riyadh, the growth of StepStone Real Estate Partners V, and real estate transactions like the planned recapitalization of Vitalia in Spain. Updates on evergreen private markets funds available through distribution partners and developments in StepStone Private Wealth Solutions also feature in its communications.
Investors and observers who follow STEP news can use this page to monitor how StepStone is evolving its global footprint, product offerings and partnerships in private markets. Regularly reviewing the news feed can help contextualize the firm’s strategic direction and its role within the broader private markets and portfolio management landscape.
StepStone Real Estate has appointed Margaret McKnight as Head of Portfolio Solutions and Sara Rutledge as Managing Director and Head of Market Research. McKnight, who joined in 2020, will focus on portfolio design aiming to meet risk and return objectives for clients. Rutledge, bringing extensive market research experience, will assist in producing SRE's House Views, integrating insights from a large investment team. The changes come amid evolving real estate utilization post-pandemic, highlighting the importance of a dedicated portfolio solutions team.
StepStone Group (Nasdaq: STEP) successfully closed its inaugural StepStone Credit Opportunities Fund I (SCOF I), securing over $600 million in commitments. The Fund aims to invest in distressed and opportunistic credit across various asset classes. With a diverse investor base, StepStone anticipates significant deal flow due to its extensive market relationships. The Fund's strategy focuses on acquiring quality assets at attractive valuations, enhancing investors' portfolios through diversified private debt exposure.
StepStone Group Inc. (Nasdaq: STEP) will release its fourth quarter and fiscal year results for the period ending March 31, 2022, on May 26, 2022, post-market close. A conference call to discuss these results is scheduled for 5:00 PM ET on the same day, available via their website. As of December 31, 2021, StepStone managed approximately $548 billion in private market allocations, including $127 billion in assets under management, serving a diverse client base including pension funds and high-net-worth individuals.
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StepStone Group Inc. (NASDAQ: STEP) has successfully closed its StepStone Senior Corporate Lending II (SCL II) fund, securing $1.3 billion, exceeding the $1 billion target. The fund focuses on senior secured, first-lien corporate loans from a post-COVID-19 market, emphasizing diversified investments across geographies and managers. With strong investor support, the fund aims to leverage StepStone's private debt platform for efficient access to top-tier managers and opportunistic investments, potentially generating strong risk-adjusted returns in any interest rate environment.
Conversus, an investment platform, has surpassed $500 million in assets under management (AUM) in its inaugural fund, Conversus StepStone Private Markets (CPRIM), within 18 months of launching in October 2020. The fund achieved a net asset growth of 70.5% since inception, with strong portfolio performance across over 750 diversified companies. To support this growth, Conversus appointed Celine El Debs and Brett Schlemovitz as senior distribution leaders in the US and Europe. The firm continues to target significant opportunities in the private markets for accredited investors.
StepStone Group (Nasdaq: STEP) announced the successful structuring of a USD 102.5 million public offering of securitized loans on Mexico’s BIVA stock exchange on February 18, 2022. The securities, priced at USD 105 each, are rated triple-A and offer a coupon of Libor + 2.25% paid semiannually. This represents Mexico's first securitization of loans to North American companies, with plans for additional offerings over the next 18 months. Proceeds will support a diversified portfolio of 80 to 100 senior secured loans primarily to medium-sized U.S. companies.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) has unveiled a $75 million program aimed at acquiring, developing, and managing needs-based senior housing assets in the United States. This initiative is in collaboration with StepStone Real Estate, which has also invested in a current portfolio managed by Bridge. The partnership seeks to expand Bridge's strategy in the seniors housing sector, leveraging StepStone's investment capabilities. As of September 30, 2021, Bridge manages approximately $31.8 billion in assets.
StepStone Group Inc. (Nasdaq: STEP) has appointed 5 new partners and 12 new managing directors, enhancing its leadership structure. CEO Scott Hart highlighted the contributions of the new leaders, emphasizing their expertise will support the firm's growth across all sectors. StepStone oversees approximately $548 billion in private markets allocations, with $127 billion in assets under management, serving major pension funds, sovereign wealth funds, and high-net-worth clients. The firm's focus remains on tailored investment solutions across private equity, infrastructure, private debt, and real estate.
StepStone Group Inc. (Nasdaq: STEP) has announced its financial results for the third quarter of the fiscal year ending March 31, 2022. The company reported overseeing approximately $548 billion in private markets allocations, including $127 billion in assets under management as of December 31, 2021. Additionally, the Board declared a quarterly cash dividend of $0.15 per share of Class A common stock, payable on March 15, 2022. A detailed presentation of these results is available through their official website.
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