StepStone Group Inc. has recently released its 10-K report, providing a detailed look at its financial condition and operations. The firm, founded in 2007 and based in New York, is a global private markets investment company that offers customized investment solutions and advisory services to a wide range of clients, including pension funds, sovereign wealth funds, insurance companies, endowments, foundations, and private wealth clients.
In the report, StepStone Group Inc. revealed that as of March 31, 2025, it was responsible for approximately $709 billion of total capital, including $189 billion of assets under management (AUM) and $520 billion of assets under advisement (AUA). The company operates from 28 cities across 16 countries on five continents, with approximately 1,130 total employees, including over 375 investment professionals.
The firm generates revenues from management and advisory fees, as well as performance fees earned from the StepStone Funds and its clients. StepStone Group Inc. also invests its own capital in the funds it manages to align its interests with those of its clients. The report also highlighted that the firm's business is affected by various factors, including economic conditions, regulatory environment, and global market trends.
In terms of recent events, the report noted that in 2024, signs of easing inflation and sustained economic expansion contributed to positive returns in financial markets. However, in 2025, financial markets experienced significant volatility due to uncertainty surrounding U.S. trade policy developments and a slight contraction in the U.S. economy in the first quarter of 2025.
Additionally, the 10-K report detailed corporate transactions, including the issuance of $175.0 million aggregate principal amount of 5.52% Series A senior notes due October 22, 2029, and the purchase of non-controlling interests in certain asset class entities.
The report also outlined the trends affecting StepStone's business, including the extent to which clients favor private markets investments, the company's ability to generate strong, stable returns, and its ability to maintain a data advantage relative to competitors. StepStone Group Inc. acknowledged that its future performance will be influenced by these factors and the overall industry results, which may be adversely affected by market conditions and regulatory policies.
As a result of these announcements, the company's shares have moved 3.54% on the market, and are now trading at a price of $58.72. For the full picture, make sure to review StepStone's 10-K report.
