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StepStone Group Opens Office in Riyadh

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StepStone Group (NASDAQ: STEP) announced on October 23, 2025 that it has opened a new office in Riyadh, Saudi Arabia.

The firm said it received a license from the Capital Market Authority (CMA), marking StepStone’s first physical location in the Middle East and its 31st office across 19 countries. StepStone said the Riyadh office aims to deepen client relationships in the Kingdom, expand access to private market opportunities, and support Saudi Arabia’s Vision 2030.

StepStone Group (NASDAQ: STEP) ha annunciato il 23 ottobre 2025 di aver aperto un nuovo ufficio a Riyad, Arabia Saudita.

L'azienda ha dichiarato di aver ottenuto una licenza dall'Autorità di Mercato dei Capitali (CMA), segnando la prima sede fisica di StepStone in Medio Oriente e il 31° ufficio in 19 paesi. StepStone ha aggiunto che l'ufficio di Riyad punta ad approfondire i rapporti con i clienti nel Regno, espandere l'accesso alle opportunità nei mercati privati e sostenere la Vision 2030 dell'Arabia Saudita.

StepStone Group (NASDAQ: STEP) anunció el 23 de octubre de 2025 que ha abierto una nueva oficina en Riyadh, Arabia Saudita.

La empresa dijo que recibió una licencia de la Autoridad de Mercados de Capitales (CMA), lo que marca la primera ubicación física de StepStone en Oriente Medio y su 31ª oficina en 19 países. StepStone afirmó que la oficina de Riyad tiene como objetivo profundizar las relaciones con los clientes en el Reino, ampliar el acceso a oportunidades en mercados privados y apoyar la Visión 2030 de Arabia Saudita.

StepStone Group(NASDAQ: STEP)2025년 10월 23일사우디아라비아 리야드에 새로운 사무소를 열었다고 발표했습니다.

회사는 자본시장청(CMA)으로부터 면허를 받았다고 밝혔으며, 이는 StepStone의 중동 지역 첫 물리적 사무소이자 19개국에 걸친 31번째 사무소입니다. 리야드 사무소는 왕국 내 고객 관계를 심화하고 민간 시장 기회에 대한 접근을 확대하며 사우디아라비아의 비전 2030을 지원하는 것을 목표로 한다고 StepStone은 말했습니다.

StepStone Group (NASDAQ: STEP) a annoncé le 23 octobre 2025 avoir ouvert un nouveau bureau à Riyad, Arabie Saoudite.

L'entreprise a déclaré avoir reçu une licence de l'Autorité des marchés financiers (CMA), marquant la première localisation physique de StepStone au Moyen-Orient et son 31e bureau dans 19 pays. StepStone a indiqué que le bureau de Riyad vise à approfondir les relations avec les clients dans le Royaume, à élargir l'accès aux opportunités sur les marchés privés et à soutenir la Vision 2030 de l'Arabie Saoudite.

StepStone Group (NASDAQ: STEP) gab am 23. Oktober 2025 bekannt, dass es ein neues Büro in Riad, Saudi-Arabien eröffnet hat.

Das Unternehmen sagte, es habe eine Lizenz der Capital Market Authority (CMA) erhalten, was StepStones ersten physischen Standort im Nahen Osten und das 31. Büro in 19 Ländern markiert. StepStone erklärte, dass das Büro in Riad darauf abzielt, die Beziehungen zu Kunden im Königreich zu vertiefen, den Zugang zu Privatinvestitionsmöglichkeiten zu erweitern und Saudis Vision 2030 zu unterstützen.

أعلنت مجموعة StepStone (المدرجة في بورصة ناسداك: STEP) في 23 أكتوبر 2025 عن افتتاح مكتب جديد في الرياض، المملكة العربية السعودية.

وقالت الشركة إنها تلقت ترخيصاً من هيئة السوق المالية (CMA)، مما يمثل أول موقع فعلي لها في الشرق الأوسط ومرتباً لها كـ 31 مكتباً في 19 دولة. وقالت StepStone إن مكتب الرياض يهدف إلى تعزيز العلاقات مع العملاء في المملكة، توسيع الوصول إلى فرص الأسواق الخاصة، ودعم رؤية 2030 للمملكة العربية السعودية.

Positive
  • CMA license obtained to operate in Riyadh
  • First Middle East office, expanding geographic footprint
  • Now operates 31 offices across 19 countries
Negative
  • None.
  • Deepens Relationship with Longstanding Clients in the Kingdom
  • Establishes Formal Presence in the Middle East

RIYADH, Saudi Arabia and NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- StepStone Group (NASDAQ: STEP), a global private markets investment firm, today announced that it has opened a new office in Riyadh. The office reaffirms StepStone’s continued commitment to clients in the Kingdom of Saudi Arabia.

Having received its license from the Capital Market Authority (CMA), StepStone's physical presence in Riyadh will deepen its relationships with investors, expand access to high-quality private market opportunities, and help accelerate economic diversification in the Kingdom. This decision also reflects StepStone’s support for the Kingdom of Saudi Arabia’s Vision 2030 and its role as a global investment destination and source of capital.

“The Kingdom of Saudi Arabia is experiencing an unprecedented economic renaissance. Having built trusted relationships within the Kingdom for more than a decade, our new office will foster a closer collaboration with our clients as well as the broader region,” said Mike McCabe, Partner & Head of Strategy at StepStone. “Importantly, our presence in Riyadh reinforces StepStone's commitment to engage with local market opportunities while delivering excellent client service.”

The Riyadh office, StepStone’s first physical location in the Middle East, builds on StepStone’s long-term partnerships across the region. Establishing a formal presence in the Kingdom reflects StepStone’s focus on enduring relationships with its institutional partners and commitment to being the trusted partner of choice for private markets solutions, globally.

StepStone now operates 31 offices across 19 countries.

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 June 30, 2025, StepStone was responsible for approximately $723 billion of total capital, including $199 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.

For more information, visit StepStone Group.

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

When did StepStone (STEP) open its Riyadh office and receive the CMA license?

StepStone opened the Riyadh office and said it received the Capital Market Authority license on October 23, 2025.

How many offices does StepStone (STEP) operate after opening the Riyadh location?

StepStone operates 31 offices across 19 countries following the Riyadh opening.

What does the Riyadh office mean for StepStone (STEP) investors?

The company says the office will deepen local client relationships and expand access to private market opportunities in the Kingdom.

Is StepStone's Riyadh office its first physical presence in the Middle East (STEP)?

Yes, StepStone described the Riyadh office as its first physical location in the Middle East.

Does the Riyadh office relate to Saudi Vision 2030 for StepStone (STEP)?

StepStone said the Riyadh presence reflects support for Saudi Arabia’s Vision 2030 and the Kingdom’s role as a global investment destination.
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