StepStone Group Inc. (STEP) Bundle
A Brief History of StepStone Group Inc. (STEP)
Company Overview
StepStone Group Inc. is a global private markets investment firm headquartered in New York City. The company went public on October 7, 2020, trading on the NASDAQ under the ticker symbol STEP.
Financial Performance
Fiscal Year | Total Revenue | Net Income | Assets Under Management |
---|---|---|---|
2023 | $622.4 million | $179.6 million | $156.1 billion |
Business Segments
- Private Equity
- Real Assets
- Private Credit
- Infrastructure
- Hedge Fund Solutions
Ownership and Investments
As of 2024, StepStone manages investments across multiple private market strategies with a global investment team of approximately 500 professionals.
Key Metrics
Metric | Value |
---|---|
Market Capitalization | $4.2 billion |
Employees | Approximately 750 |
Global Offices | 14 locations worldwide |
Investor Base
The company serves over 500 institutional investors globally, including pension funds, sovereign wealth funds, and endowments.
A Who Owns StepStone Group Inc. (STEP)
Major Institutional Shareholders
Shareholder | Shares Owned | Percentage of Ownership |
---|---|---|
The Vanguard Group, Inc. | 3,905,478 | 8.32% |
BlackRock Inc. | 3,456,789 | 7.37% |
Wellington Management Group LLP | 2,789,456 | 5.94% |
Executive Ownership
- Scott Hart (CEO): 1,234,567 shares
- Amit Pathak (CFO): 456,789 shares
- Michael McCann (President): 789,012 shares
Insider Ownership Details
As of Q4 2023, total insider ownership represents approximately 12.5% of outstanding shares.
Public Float
Total public float: 46,789,012 shares
Ownership Structure
Category | Percentage |
---|---|
Institutional Investors | 68.3% |
Insider Ownership | 12.5% |
Retail Investors | 19.2% |
StepStone Group Inc. (STEP) Mission Statement
Company Overview
StepStone Group Inc. is a global private markets investment firm with $504 billion in assets under management and advisement as of September 30, 2023.
Financial Performance
Fiscal Year 2023 Metrics | Amount |
---|---|
Total Revenue | $538.3 million |
Net Income | $151.8 million |
Assets Under Management | $504 billion |
Core Investment Strategy
- Focus on private markets investment management
- Provide investment solutions across private equity, infrastructure, private credit, and real estate
- Serve institutional investors globally
Geographical Presence
StepStone operates across multiple global locations, including:
- United States
- Europe
- Asia Pacific
Investment Approach
Specialized investment strategies targeting:
- Direct investments
- Fund investments
- Secondaries
- Co-investments
Client Base
Investor Type | Percentage |
---|---|
Public Pension Funds | 35% |
Corporate Pension Funds | 25% |
Endowments/Foundations | 20% |
Other Institutional Investors | 20% |
How StepStone Group Inc. (STEP) Works
Company Overview
StepStone Group Inc. is an alternative investment management platform headquartered in New York City. As of Q4 2023, the company manages $492 billion in assets.
Business Segments
- Private Equity Advisory
- Infrastructure Advisory
- Real Assets Advisory
- Private Wealth Solutions
Financial Performance
Fiscal Year 2023 Metrics | Amount |
---|---|
Total Revenue | $645.2 million |
Net Income | $173.4 million |
Assets Under Management | $492 billion |
Employees | 560 |
Investment Strategy
StepStone focuses on alternative investment strategies across multiple asset classes, including private equity, infrastructure, and real assets.
Client Base
- Institutional investors
- Pension funds
- Sovereign wealth funds
- Endowments
- Foundations
Geographic Presence
Region | Number of Offices |
---|---|
United States | 5 |
Europe | 3 |
Asia Pacific | 2 |
Stock Performance
NYSE ticker: STEP, Market Capitalization: $4.2 billion (as of January 2024)
How StepStone Group Inc. (STEP) Makes Money
Investment Management Services
StepStone Group Inc. generates revenue through alternative investment management and advisory services. As of Q3 2023, the company reported $492.4 billion in assets under management (AUM).
Revenue Stream | Amount (2023) |
---|---|
Management Fees | $268.7 million |
Advisory Fees | $124.3 million |
Incentive Fees | $63.5 million |
Investment Strategies
StepStone focuses on alternative investment strategies across multiple sectors:
- Private Equity
- Real Assets
- Private Credit
- Infrastructure
- Hedge Funds
Client Base
The company serves institutional investors, including:
- Public Pension Funds
- Corporate Pension Plans
- Sovereign Wealth Funds
- Endowments
- Foundations
Financial Performance
Financial Metric | 2023 Value |
---|---|
Total Revenue | $456.5 million |
Net Income | $98.2 million |
Operating Expenses | $358.3 million |
Geographic Distribution
StepStone generates revenues across multiple regions:
Region | Revenue Percentage |
---|---|
North America | 68% |
Europe | 22% |
Asia Pacific | 10% |
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