StepStone Group Announces 2026 Partner and Managing Director Promotions

StepStone Group (Nasdaq: STEP) announced promotions effective March 10, 2026, naming 11 new partners, 1 new senior managing director and 18 new managing directors.

Rhea-AI Summary

StepStone Group (Nasdaq: STEP) announced promotions effective March 10, 2026, naming 11 new partners, 1 new senior managing director and 18 new managing directors. The announcement lists promoted individuals, their base locations and team assignments across private equity, venture, private debt, real estate, tax, portfolio management and investor relations.

The company highlighted continued performance and growth, and the CEO congratulated the promoted leaders for contributing to client results and firm expansion.

Argus Mar 10 session

+2.48% close to close Open Argus

Details

News Market Reaction – STEP

In the Mar 10 session, STEP gained 2.48%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights StepStone’s continued investment in leadership, with 11 new partners, 1...

Analysis

This announcement highlights StepStone’s continued investment in leadership, with 11 new partners, 1 new senior managing director, and 18 new managing directors across strategies and regions. In context, recent filings showed sharply higher revenue of $586.5 million for the quarter and $1.41 billion for nine months, but also a quarterly net loss of $123.5 million and negative stockholders’ equity of $(378.8) million. Investors may watch how this expanded senior team influences future revenue mix, profitability, and capital position.

Key Figures

New partners: 11 New senior MDs: 1 New managing directors: 18 +5 more

New partners

11

2026 partner class promotions

New senior MDs

1

2026 senior managing director promotion

New managing directors

18

2026 managing director promotions

Quarter revenue

$586.5 million

Three months ended Dec 31, 2025

Nine-month revenue

$1.41 billion

Nine months ended Dec 31, 2025

Quarter net loss

$123.5 million

Net loss attributable to StepStone for quarter

Stockholders’ equity

$(378.8) million

Negative StepStone stockholders’ equity at period end

Cash & equivalents

$266.1 million

Cash and cash equivalents at period end

Historical Context

5 past events · Latest: Mar 02

5 events

1. Mar 02

   Industry outlook report

   24h Move

   +2.8%

   Release of 2026 Private Equity GP Outlook with key secular themes.

2. Mar 02

   Awards & recognition

   24h Move

   +2.8%

   StepStone Real Estate wins Global Indirect Firm and European Deal awards.

3. Feb 26

   Conference appearance

   24h Move

   +0.9%

   Announcement of presentation at RBC Global Financial Institutions Conference.

4. Feb 12

   Distribution partnership

   24h Move

   -4.6%

   Partnership with Utmost to offer evergreen private markets strategies in the UK.

5. Feb 05

   Earnings & dividend

   24h Move

   +5.5%

   Q3 FY26 results and declaration of a $0.28 per-share cash dividend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private equity, venture capital, private debt, responsible investing, +4 more

8 terms

private equity financial

"She is a member of the Private Equity team."

Private equity involves investing money directly into private companies or buying out public companies to make them private, with the goal of improving their performance and increasing their value over time. For investors, it offers an opportunity to earn returns by helping companies grow or restructure, often requiring a longer-term commitment and a higher level of involvement than typical stock investments.

venture capital financial

"He is a member of the Venture Capital and Growth Equity team."

Venture capital is money provided by specialized investors to young, high-growth companies in exchange for ownership stakes and often a role in shaping strategy — like planting seeds and helping them grow into trees. It matters to investors because venture funding can rapidly boost a startup’s resources, valuation and chances of success, but it also brings high risk and limited liquidity, affecting future returns and how shares behave at exits such as sales or public offerings.

private debt financial

"Srdjan Vlaski ... is a member of the Private Debt team."

Loans and credit extended outside public markets, where investors or funds lend directly to companies, projects, or individuals instead of buying traded bonds or bank loans. It matters because private debt can offer higher income and diversification than public bonds but usually brings greater credit risk and less liquidity — like lending money to a small business next door: you may earn more interest, but your cash is harder to access and depends on the borrower’s ability to repay.

responsible investing financial

"Peter Dunbar, Responsible Investing, London"

Responsible investing is the practice of choosing and managing investments by considering not only financial returns but also environmental, social and governance factors that can affect a company’s long‑term performance. It matters to investors because these nonfinancial issues—like pollution risk, workplace practices or board oversight—can act like hidden potholes or boosters on a road trip: they can quietly reduce or improve returns and influence a portfolio’s resilience and reputation over time.

carried interest financial

"Accrued carried interest allocations rose to $1.84 billion..."

Carried interest is a share of the profits earned by investment managers from the investments they oversee, serving as their reward for successful performance. It functions like a bonus that motivates managers to maximize returns for investors, similar to earning a commission based on performance. This income is often taxed at a lower rate than regular income, making it a significant aspect of investment compensation.

rule 10b5-1 trading plan regulatory

"shares at a weighted average price ... under a Rule 10b5-1 trading plan."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"to satisfy tax withholding obligations tied to the release of 981 vested restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

schedule 13g regulatory

"has filed an amended Schedule 13G showing beneficial ownership..."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, March 10, 2026 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, has named 11 new partners, 1 new senior managing director, and 18 new managing directors.

Partner and CEO Scott Hart said, “As we build on another year of strong performance and growth, I'm thrilled to recognize this outstanding group of leaders. Their unwavering focus on delivering results for our clients has been instrumental to our success. Congratulations to each of them on these well-earned achievements.”

2026 Partner Class

• Clodagh Coghlan joined StepStone in 2016 and is based in New York. She is a member of the Private Equity team.
• Tom Fitzherbert-Brockholes joined StepStone in 2021 and is based in London. He is a member of the Venture Capital and Growth Equity team.
• Aditya Fontana-Raina joined StepStone in 2014 and is based in New York. He is a member of the Private Equity team.
• Mohamed Khashoggi joined StepStone in 2019 and is based in Riyadh. He is a member of the Business Development team.
• Carson Kvaternik joined StepStone in 2010 and is based in La Jolla. He is a member of the Private Equity team.
• Ted Panarese joined StepStone in 2016 and is based in New York. He is a member of the Private Equity team.
• Panos Tegos joined StepStone in 2016 and is based in London. He is a member of the Private Equity team.
• Srdjan Vlaski joined StepStone in 2016 and is based in Zurich. He is a member of the Private Debt team.
• Greg Wallem joined StepStone in 2011 and is based in La Jolla. He is a member of the Venture Capital and Growth Equity Team.
• Seth Weiss joined StepStone in 2021 and is based in New York. He serves as Head of Corporate Investor Relations.
• Kristine Westley joined StepStone in 2021 and is based in Orlando. She is a member of the Private Wealth team.
  

New Senior Managing Director

• Phil Cummins, Venture Capital and Growth Equity, Baltimore
  

New Managing Directors

• Tselha Audren, Private Debt, Zurich
• Ted Black, Private Equity, New York
• Joan Callaghan, Portfolio Analytics & Reporting, Baltimore
• Brian Delpit, Private Equity, La Jolla
• Stefan Derungs, Private Debt, New York
• Peter Dunbar, Responsible Investing, London
• Gary Gipkhin, Private Debt, New York
• David Huang, Private Equity, Singapore
• Michael Humphrey, Real Estate, Singapore
• John Kim, Private Equity, New York
• Ethan Landau, Investment Operations, London
• Tiffany Liu, Tax Department, La Jolla
• Qi Liu, Portfolio Management, Head of AI, La Jolla
• Ian McMahon, Tax Department, Luxembourg
• Federico Pavoncelli, Private Equity, Rome
• Michelle Chen, Portfolio Management, La Jolla
• Debbie Teng, Tax Department, La Jolla
• Laura White, Private Equity, New York

About StepStone Group

StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2025, StepStone was responsible for approximately $811 billion of total capital, including $220 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

Contacts

Shareholder Relations:
Seth Weiss
shareholders@stepstonegroup.com
+1 (212) 351-6106

Media:
Brian Ruby / Chris Gillick / Matt Lettiero, ICR
StepStonePR@icrinc.com
+1 (203) 682-8268

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who were promoted to partner at StepStone (STEP) in the March 10, 2026 announcement?

Eleven individuals were promoted to partner, including Clodagh Coghlan and Tom Fitzherbert-Brockholes. According to the company, the list includes names, join years and base locations across New York, London, Riyadh, La Jolla, Zurich and Orlando.

What leadership promotions did StepStone (STEP) announce on March 10, 2026?

StepStone announced 11 partners, 1 senior managing director, and 18 managing directors. According to the company, the promotions span multiple teams such as private equity, private debt, venture, real estate, tax, and portfolio management.

Which StepStone (STEP) team received the most promotions in the March 10, 2026 release?

Private equity and private debt roles are prominent among promoted leaders in this announcement. According to the company, many promoted individuals are assigned to private equity, private debt, and venture capital teams across global offices.

Where are the newly promoted StepStone (STEP) leaders based following the March 10, 2026 announcement?

Promoted leaders are based across the United States, Europe, Asia and the Middle East. According to the company, locations include New York, La Jolla, London, Zurich, Singapore, Rome, Riyadh, Baltimore, Orlando and Luxembourg.

Does the March 10, 2026 StepStone (STEP) announcement indicate strategic changes for investors?

The release focuses on leadership promotions rather than new strategic mandates or guidance. According to the company, promotions reflect growth and recognition of leaders delivering client results, with no new financial guidance or transactions announced.