StepStone Group Recognized Among Best Places to Work in Money Management by Pensions & Investments for Third Consecutive Year

Rhea-AI Summary

StepStone Group (Nasdaq: STEP) was named one of the Best Places to Work in Money Management by Pensions & Investments for the third consecutive year on December 8, 2025. The recognition comes from Pensions & Investments' 14th annual survey, conducted with Workforce Research Group, using a two-part evaluation: ~20% employer policies and ~80% employee-experience survey. StepStone emphasized its culture and core values of agility, transparency, collegiality, and humility as central to attracting and retaining talent and supporting its private markets client solutions. The release directs readers to Pensions & Investments for the full 2025 winners list and firm profiles.

News Market Reaction

-0.80%

1 alert

-0.80% News Effect

On the day this news was published, STEP declined 0.80%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Recognition streak: 3 consecutive years Survey edition: 14th annual Employer policies weight: 20% +1 more

4 metrics

Recognition streak 3 consecutive years Named Best Place to Work in Money Management

Survey edition 14th annual Pensions & Investments Best Places to Work in Money Management survey

Employer policies weight 20% Portion of total evaluation based on employer policies and practices

Employee survey weight 80% Portion of total evaluation based on employee experience survey

Market Reality Check

Price: $73.07 Vol: Volume 632,101 is slightl...

normal vol

$73.07 Last Close

Volume Volume 632,101 is slightly below the 20-day average of 706,532 ahead of this release. normal

Technical Price 65.67 is trading above the 200-day MA at 58.39, indicating an established uptrend pre-news.

Peers on Argus

Peers showed mixed, mostly modest moves, while STEP was up 2.17%. Notably, peer ...

Peers showed mixed, mostly modest moves, while STEP was up 2.17%. Notably, peer HLNE also reported a similar 'Best Place to Work in Money Management' recognition with a 1.4% gain, suggesting firm-specific sentiment around workplace culture rather than a broad asset-management sector move.

Common Catalyst Workplace recognition in money management (STEP and HLNE both received 'Best Places to Work' awards).

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Workplace recognition	Positive	-0.8%	Named a Best Place to Work in Money Management for third year.
Dec 04	Distribution partnership	Positive	+0.6%	Willow Wealth added evergreen funds including a StepStone strategy.
Dec 03	Leadership appointment	Positive	+2.0%	Appointed Lindsay Creedon as Head of Private Equity from 2026.
Nov 17	Geographic expansion	Positive	-3.8%	Opened Madrid office as ninth European location to grow in Iberia.
Nov 13	Fund launch	Positive	-0.9%	Launched STPEX private equity interval fund with sizable initial capital.

Pattern Detected

Recent news has been generally positive (expansion, product launches, leadership changes), yet share reactions have been mixed, with several positive headlines followed by negative or muted price moves.

Recent Company History

Over the last month, StepStone reported multiple growth and franchise-building developments. On Nov 13, it launched the StepStone Private Equity Strategies Fund with more than $750 million at inception, yet shares fell 0.91%. The Nov 17 Madrid office opening, its ninth European office, coincided with a 3.82% decline. Leadership changes on Dec 03 (new Head of Private Equity) saw a 1.99% gain, while distribution and platform news on Dec 04 brought a modest 0.56% rise. Today’s cultural recognition fits this pattern of franchise-strengthening updates with varied price responses.

Market Pulse Summary

This announcement highlights StepStone’s inclusion among the Best Places to Work in Money Management...

Analysis

This announcement highlights StepStone’s inclusion among the Best Places to Work in Money Management for the third consecutive year, based largely on an employee experience survey that accounts for 80% of the evaluation. It underscores the firm’s focus on culture and talent, complementing recent news on product launches and geographic expansion. Investors may monitor how sustained recognition as an employer of choice supports client service, growth initiatives, and retention in a competitive private markets landscape.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced it has been named one of the Best Places to Work in Money Management by Pensions & Investments for the third consecutive year.

Presented by Pensions & Investments, the global news source of money management and institutional investing, the 14th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.

“Being recognized by P&I for the third consecutive year underscores our ongoing commitment to attracting, developing, and empowering exceptional talent,” said Rich Kasnia, Partner and Chief Human Resources Officer at StepStone. “Our mission—to be the trusted partner of choice for private markets solutions globally—starts with our people. By fostering a culture grounded in our core values of agility, transparency, collegiality, and humility, we aim to create an environment where every team member can thrive and deliver outstanding results for our clients.”

“As their employees attest, the companies named to this year’s Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture,’’ said P&I Editor-in-Chief Julie Tatge. “In doing so, they’re helping their employees, clients and their businesses succeed.’’

Pensions & Investments partnered with Workforce Research Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.

The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 20% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 80% of the total evaluation. The combined scores determined the top companies.

For a complete list of the 2025 Pensions & Investments’ Best Places to Work in Money Management winners and profiles of the top firms across size categories, go to http://www.pionline.com/BPTW2025

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 $771 billion of total capital, including $209 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.

About Pensions & Investments

Pensions & Investments, owned by Crain Communications Inc., is the 52-year-old global news source of money management and institutional investing. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com.

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

FAQ

What recognition did StepStone (STEP) receive on December 8, 2025?

StepStone was named one of the Best Places to Work in Money Management by Pensions & Investments for the third consecutive year.

How did Pensions & Investments evaluate winners for the 2025 Best Places to Work list?

The evaluation used a two-part process: about 20% employer policies review and 80% employee-experience survey conducted with Workforce Research Group.

What reasons did StepStone give for earning the Best Places to Work recognition?

StepStone cited its focus on attracting and developing talent and a culture based on agility, transparency, collegiality, and humility.

Where can investors find the full list of 2025 Best Places to Work winners mentioned in the announcement?

The full 2025 winners list and firm profiles are available at http://www.pionline.com/BPTW2025.

Does the recognition by Pensions & Investments provide details on how winners were ranked among size categories?

Yes; the announcement notes winners and profiles of top firms across size categories are published in the Pensions & Investments list.

Is the StepStone announcement indicative of a change to its business operations or financial guidance?

No; the announcement describes an employer recognition and does not report any changes to operations or financial guidance.