StepStone Group Inc. has recently released its 10-K report, revealing a global private markets investment firm managing approximately $709 billion of total capital, including $189 billion of assets under management (AUM) and $520 billion of assets under advisement (AUA) as of March 31, 2025. The firm, founded in 2007 and based in New York, operates across 16 countries on five continents, with over 1,130 employees, including 375 investment professionals. StepStone offers customized investment solutions and advisory services to a diverse client base, including pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals.
In its 10-K report, StepStone highlighted the trends affecting its business, including the impact of global economic conditions, regulatory environment, and political factors on the values of its holdings and its ability to source attractive investments. The firm also emphasized the significance of clients' preferences for private markets investments and its ability to generate strong, stable returns to drive growth in fee-earning AUM and management fees. StepStone's proprietary data and technology platforms, along with its ability to source investments with attractive risk-adjusted returns, were identified as crucial factors influencing its future performance.
The report also discussed recent economic events, such as the signs of easing inflation and the Federal Reserve's decisions to lower the federal funds rate in response to positive economic trends. However, the firm noted that financial markets experienced significant volatility in 2025 due to uncertainty surrounding U.S. trade policy developments, leading to a slight contraction in the U.S. economy in the first quarter of 2025.
Furthermore, StepStone disclosed corporate transactions, including the issuance of $175.0 million aggregate principal amount of senior notes and the purchase of non-controlling interests in asset class entities, demonstrating the firm's strategic initiatives to strengthen its position in the market.
Following these announcements, the company's shares moved 3.54%, and are now trading at a price of $58.72. For more information, read the company's full 10-K submission here.
