StepStone Group Appoints Lindsay Creedon as Head of Private Equity
Rhea-AI Summary
StepStone Group (Nasdaq: STEP) appointed longtime partner Lindsay Creedon as Head of Private Equity, effective January 1, 2026. Creedon joined StepStone in 2010, became a partner in 2015, and currently co-chairs the Private Equity Investment Committee while serving as Co-Head of Private Equity Co-Investments and a member of the Global Executive Committee.
CEO Scott Hart, who held the head role since 2017, will remain on the Private Equity Investment Committee and continue to support the firm’s global expansion. Creedon will keep her existing roles and continue managing key client relationships, including some of the firm’s largest private market investors.
Positive
- Internal succession from longtime partner promotes continuity
- Effective date: January 1, 2026
- Creedon tenure: joined 2010, promoted to partner 2015
- CEO Scott Hart remains on the Private Equity Investment Committee
- Creedon retains Co-Head of Private Equity Co-Investments role
Negative
- None.
News Market Reaction
On the day this news was published, STEP gained 1.99%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
STEP gained 2.17% while peers like HLNE (0.24%), JHG (0.39%), and AMG (0.11%) saw smaller moves and OBDC (-2.05%) and BXSL (-1.06%) declined, indicating the reaction was more STEP-specific than sector-wide.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Workplace award | Positive | -0.8% | Third consecutive Best Places to Work recognition highlighting culture and values. |
| Dec 04 | Distribution partnership | Positive | +0.6% | Willow Wealth adds evergreen funds from StepStone and other managers to platform. |
| Dec 03 | Leadership change | Positive | +2.0% | Appointment of Lindsay Creedon as Head of Private Equity effective January 1, 2026. |
| Nov 17 | Office expansion | Positive | -3.8% | Opening of Madrid office as ninth European location to deepen regional presence. |
| Nov 13 | Product launch | Positive | -0.9% | Launch of STPEX interval fund focused on private equity secondaries and co-investments. |
Recent positive corporate and growth headlines have produced mixed price reactions, with several instances of negative or muted moves following constructive news.
Over the last few months, StepStone reported several growth- and franchise-building developments. These include the launch of the STPEX private equity strategies fund with more than $750 million at inception on Nov 13, 2025, opening its ninth European office in Madrid on Nov 17, 2025, and participation in new evergreen private markets funds highlighted on Dec 4, 2025. The firm also earned a Best Places to Work recognition on Dec 8, 2025. Today’s leadership appointment in private equity fits into this broader narrative of expansion and institutionalization.
Market Pulse Summary
This announcement formalized an internal leadership transition in StepStone’s core private equity business, elevating a long-standing partner while keeping the CEO on the investment committee. It underscores continuity in strategy and client coverage as the firm expands globally. In context of recent product launches, geographic growth, and insider trading activity, investors may focus on how governance stability supports execution, monitoring future filings and performance updates for evidence of sustained operational and financial progress.
AI-generated analysis. Not financial advice.
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- StepStone Group (Nasdaq: STEP), a leading global private markets investment firm, today announced that longtime Partner Lindsay Creedon has been appointed Head of Private Equity, effective January 1, 2026.
StepStone CEO Scott Hart, who has held the role since 2017, will remain on the Private Equity Investment Committee and continue to drive the firm’s global expansion.
Ms. Creedon joined StepStone in 2010 and was promoted to Partner in 2015. She currently co-chairs StepStone’s Private Equity Investment Committee, serves as Co-Head of Private Equity Co-Investments and is a member of the firmwide Global Executive Committee. She will remain in these roles, and continue to manage key client relationships, including some of the largest private market investors in the world.
“As a highly respected and valuable leader inside StepStone, and having developed trusted relationships with our clients around the world, Lindsay is very deserving of this expanded leadership role,” said Mr. Hart. “I have personally had the opportunity to work closely with Lindsay over the years and have always been impressed by the energy and new ideas that she brings to each opportunity. I look forward to seeing Lindsay bring that same fresh perspective and her wealth of experience to her new role.”
In addition to her talents as an investor and executive, Lindsay played a pivotal role in establishing and leading StepStone’s Talent and Culture Committee, which has been instrumental in building the firm’s award-winning workplace culture. Her efforts in this area have driven many internal initiatives to support StepStone employees as they rise through the organization.
“StepStone has given me a great platform on which to build my career, and I’m truly honored by this appointment,” said Ms. Creedon. “It’s been such a great privilege to help grow StepStone from a boutique asset manager to one that serves investors of all types globally, all while preserving an entrepreneurial and collegial culture. I look forward to leading our private equity business and continuing to deliver great results for our clients.”
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 September 30, 2025, StepStone was responsible for approximately
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FAQ
Who is Lindsay Creedon and what is her new role at StepStone (STEP)?
When does the StepStone (STEP) leadership change take effect?
Will StepStone CEO Scott Hart remain involved in private equity after the STEP change?
Which roles will Lindsay Creedon continue to hold after becoming Head of Private Equity at STEP?
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