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) provides institutional investors worldwide with innovative private markets solutions. This news hub offers essential updates for tracking the firm's strategic developments and market positioning.
Access timely announcements including earnings reports, leadership updates, and strategic partnerships. Our curated collection serves investors analyzing STEP's role in private equity, infrastructure investments, and global real estate markets.
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Bookmark this page for centralized access to STEP's latest developments. Combine these updates with our analysis tools to monitor the company's evolving position in alternative asset management.
StepStone Real Estate (SRE), the real estate arm of StepStone Group (Nasdaq: STEP), has been named Investment Consultancy of the Year at the 2024 IPE Real Estate Global Awards. This marks the third consecutive year that SRE has received this honor. In April, SRE was also voted the Global Indirect Firm of the Year by Private Equity Real Estate (PERE) readers. The award acknowledges SRE’s innovative solutions for clients such as a prominent U.S. pension fund, a UK corporate pension fund, and a U.S. insurance dedicated fund. These solutions have helped clients optimize their portfolios and generate alpha. Jeff Giller, Partner and Head of SRE, emphasized the firm's commitment to delivering superior service and innovative solutions to clients.
StepStone Private Wealth (SPW) has launched the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund available for daily purchase via the ticker CRDEX. This fund aims to provide current income and long-term capital appreciation by investing in diverse private credit assets. Using a multi-lender approach, CRDEX will employ direct lending and specialty credit strategies, including direct loans and secondaries. CRDEX complements SPW's existing funds like StepStone Private Markets Fund (XPMIX) and StepStone Private Infrastructure Fund (STRUX). Managed by StepStone Private Debt, which oversees $50 billion in capital, CRDEX seeks to offer stability with high yields and inflation protection through floating rate, senior secured loans. The fund is available to U.S. investors with a minimum investment of $25,000 and offers quarterly liquidity.
StepStone Group (Nasdaq: STEP) has successfully closed its sixth venture capital secondaries fund, StepStone VC Secondaries Fund VI (VSF VI), raising $3.3 billion. This oversubscribed fund marks the largest ever exclusively focused on venture capital secondaries. Existing and new partners contributed to the fund, which aims to provide liquidity to founders and early investors in mature venture-backed companies. With venture capital AUM growing from $600 billion in 2014 to $3.3 trillion by 2023, StepStone leverages its vast data and integrated approach to capitalize on secondary market opportunities.
On May 28, 2024, StepStone Group (Nasdaq: STEP) announced that CEO Scott Hart and Head of Strategy Mike McCabe will present at the Morgan Stanley US Financials, Payments & CRE Conference. The presentation is scheduled for June 11, 2024, at 9:30 am ET. A live webcast and replay will be available on the StepStone website.
StepStone Group (Nasdaq: STEP) announced its fourth quarter and fiscal year 2024 results, ending March 31, 2024. The company reported a quarterly cash dividend of $0.21 per share of Class A common stock and a supplemental dividend of $0.15 per share, both payable on June 28, 2024. Holders of record as of June 14, 2024, will be eligible. StepStone also released a detailed presentation of the results, accessible on its website. A webcast and earnings call is scheduled for May 23, 2024, at 5:00 pm ET to discuss these results, with a replay available two hours after the event. Participants must register to join the live Q&A session.
Tenon, a marketing solution built on ServiceNow, has secured an $8M Series A funding round, co-led by High Alpha and StepStone Group, with additional investment from ServiceNow Ventures. This funding will enable Tenon to expand its team from 10 to 26 members and accelerate its product development roadmap. Launched in April 2023, Tenon aims to unify the entire marketing lifecycle by combining marketing work management with marketing automation. This integrated approach is designed to enhance efficiency and collaboration for enterprise marketing teams. The funds will also help Tenon to further develop its functionality for industries with complex marketing needs such as life sciences, insurance, healthcare, and finance.
StepStone Group Inc. (Nasdaq: STEP) will announce its fourth-quarter and fiscal 2024 results on May 23, 2024. The company will release the results after the market closes and host a webcast and earnings conference call the same day at 5:00 pm ET. The webcast will be available on the Shareholders section of the company's website. Participants can join the live question and answer portion by registering in advance.
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