StepStone Group Inc. (STEP) Q4 2026 Earnings Call Transcript
While the top- and bottom-line numbers for StepStone Group (STEP) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
StepStone Group NASDAQ: STEP reported record fee-related earnings and fundraising in its fiscal fourth quarter 2026, even as GAAP results were weighed down by accounting related to its StepStone Private Wealth profits interests.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Point72 Asset Management LP Point72 Asset Management LP | 187,068 | $8.93M | $7.95M | -$972,753.64 | -10.9% |
Keebeck Wealth Management Keebeck Wealth Management LLC | 29,048 | $829,392.39 | $1.23M | $405,147.61 | 48.85% |
| YA Yinka Akinsola Blue Trust Inc. | 4 | $190.88 | $170.08 | -$20.8 | -10.9% |
| JA Jeff Ameen Spire Wealth Management | 300 | $19,251 | $12,756 | -$6,495 | -33.74% |
| MD Michelle Dubey Yousif Capital Management LLC | 19,672 | $947,567.93 | $836,453.44 | -$111,114.49 | -11.73% |
| Capital Markets Industry | Financials Sector | Scott Hart CEO | NASDAQ (NGS) Exchange | 85914M107 CUSIP |
| US Country | 1,090 Employees | 15 Jun 2026 Last Dividend | - Last Split | 16 Sep 2020 IPO Date |
Founded in 2007 and headquartered in LA Jolla, California, StepStone Group LP is a prominent investment firm with a wide-reaching global influence. Its strategic locations span across North America, South America, Europe, Australia, Asia, and New York, making it a formidable player in the investment domain. The firm specializes in a broad spectrum of investment strategies, including direct investments, fund of funds, secondary direct, and secondary indirect investments. With a focus on leveraging opportunities in both mature and middle market companies, StepStone Group LP aims to invest in a diverse array of sectors such as natural resources, technology, healthcare, and real estate, among others. Its investment philosophy is characterized by a flexible approach, targeting investments ranging from $15 million to $200 million in firms with an enterprise value between $150 million and $25 billion. This approach enables StepStone Group LP to maintain a significant presence in emerging markets, investing between 5% and 40% of its portfolio in these regions.
Through its direct investment strategy, StepStone Group LP focuses on venture debt, incubation, mezzanine, distressed/vulture, seed/startup, and various stages of venture and growth capital investments. This approach is designed for engaging with mature and middle market companies across diverse sectors such as natural resources, technology, and healthcare.
This investment avenue allows StepStone Group LP to diversify its portfolio by investing in private equity funds, venture capital funds, special situation funds, real estate funds, infrastructure funds, mezzanine funds, and turnaround/distressed funds. The firm considers both domestic and international funds, aiming for broad exposure across various industries and investment stages.
StepStone’s strategy also includes investments in secondary markets, both directly and indirectly. This involves purchasing existing investments or stakes in funds from other investors, offering liquidity solutions and opportunity for returns from well-positioned assets in the market.
The firm’s global investment strategy covers a wide geographic spectrum, with a particular focus on the United States, North America, Europe, Asia, Latin America, the Middle East, and Africa, including emerging economies like Brazil, Mexico, Argentina, and Colombia, as well as developed markets in New Zealand, China, India, Korea, Japan, Taiwan, and Australia. This global stance allows for a diversified and risk-managed portfolio, catering to various investment preferences and market conditions.
StepStone Group LP also engages in co-investments and follow-on investments, providing additional capital to existing investments under favorable conditions. This strategy enhances their stake in promising ventures and aligns with their long-term investment ethos.
The firm shows flexibility in its investment orientation by considering partial interests in funds. This nuanced approach allows for strategic alignments with other investors and funds, optimizing portfolio exposure and potential returns.