Stepstone Group Inc. Stock Price, News & Analysis

StepStone Real Estate (SRE), a segment of StepStone Group (Nasdaq: STEP), has been awarded the 2022 IPE Real Estate Global Award for Investment Consultancy of the Year. The announcement was made at a ceremony on May 19, 2022, in Amsterdam. This accolade reflects SRE's commitment to advising institutional clients with innovative real estate investment solutions, showcasing case studies that highlight its expertise in structuring and ESG evaluations. With $160 billion in assets under management, SRE approved around $17 billion in primary fund commitments to over 70 real estate funds in 2021.

StepStone Group Inc. (Nasdaq: STEP) has announced that CEO Scott Hart and Head of Strategy Mike McCabe will present at the Morgan Stanley US Financials, Payments and CRE Conference on June 14, 2022, at 8:00 am ET. A live webcast will be available on the StepStone website. As of March 31, 2022, StepStone oversees $570 billion in private markets allocations, including $134 billion in assets under management, serving a diverse clientele including pension funds, sovereign wealth funds, and high-net-worth individuals.

StepStone Group announced its financial results for the fourth quarter and fiscal year ending March 31, 2022. The company reported overseeing $570 billion in private markets allocations, with $134 billion in assets under management. A quarterly cash dividend of $0.20 per share for Class A common stock was declared, payable on June 30, 2022. Additionally, the firm will host a conference call on May 26, 2022, at 5:00 PM ET to discuss these results. StepStone offers customized investment solutions and services to a diverse client base, including pension funds and insurance companies.

IPI Partners has announced the acquisition of a majority stake in Safe Host, a leading Swiss data center operator, from its founders and StepStone Real Estate. This strategic move aims to bolster IPI's STACK Infrastructure platform, enhancing its presence in Switzerland and Europe. Safe Host operates four data centers in Geneva and Zurich, with additional land holdings in prime European markets. The acquisition is expected to provide expanded scale and client service capabilities, particularly for hyperscale and enterprise clients. Financial terms remain undisclosed.

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.

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.