StepStone Group (STEP)
Builds customized private-markets portfolios across funds, secondaries, co-investments, and advisory services.
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Builds and manages customized private-equity, infrastructure, private-debt, and real-estate portfolios through separately managed accounts and commingled funds, earning management, advisory, and performance fees. Institutional and private-wealth clients access primary funds, secondaries, co-investments, data, and portfolio reporting through a globally staffed platform.
Builds customized private-markets portfolios across private equity, infrastructure, private debt, and real estate. Institutional and private-wealth clients invest through separately managed accounts and focused commingled funds, using primary fund commitments, secondary purchases, and co-investments. Advisory mandates add strategic planning, research, portfolio monitoring, reporting, and data access.
Operates globally with local investment teams and proprietary research, reporting, pacing, and benchmarking tools that support manager selection, portfolio construction, liquidity planning, and administration. Most management and advisory fees come from commingled funds and separately managed accounts; advisory and data services are a smaller stream. Access to managers and deal flow, private-market valuations, fundraising, capital deployment, and investment realizations shape fee generation, while performance fees depend on investment gains.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | RBC Capital | Initiate | Rating: —Target: — | Target: $65 |
| Aug 7, 2026 | UBS | Reiterate | Rating: —Target: — | Target: $69 |
| Aug 7, 2026 | Evercore ISI | Reiterate | Rating: —Target: $60 | Target: $56 |
| Aug 7, 2026 | BMO Capital | Reiterate | Rating: —Target: $50 | Target: $58 |
| Jul 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $72 | Target: $63 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $201.2M · Total debt $1.57B · Total assets $7.77B · Shareholders' equity −$539.2M
- Revenue
- $378.9M
- Operating income
- −$204.8M
- Net income
- −$115.8M
HistoryDividendAnnual yield
| Institutions | ≈ 66.05% | 79.71M shares | |
|---|---|---|---|
| 286 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.31% | 6.41M shares | |
| 11 holders · as of Sep 10, 2026 | |||
| Strategic holders | 6.25% | 7.55M shares | |
| 2 holders · as of Dec 4, 2024 | |||
| Other | ≈ 22.39% | 27.02M shares | |
| remainder | |||
120.68M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.92% | 11.97M A | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 4.66% | 5.62M A | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 4.30% | 5.19M A | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 4.28% | 5.17M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.87% | 4.67M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Michael I. McCabe | director, officer: Head of Strategy | +120,000 | $41.85 |
| Jun 3, 2026 | Jose A. Fernandez | director, officer: Co-Chief Operating Officer | −2,290 | $42.64 |
| Jun 2, 2026 | Jose A. Fernandez | director, officer: Co-Chief Operating Officer | −100,000 | $46.55 |
| Jun 1, 2026 | Jose A. Fernandez | director, officer: Co-Chief Operating Officer | −100,000 | $48.60 |
| Feb 23, 2026 | Steven R. Mitchell | director | +12,793 | $44.23 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| StepStone Group | $46.39 | −2.23% | $6.13B | — | 17.6 | 3.1 | +26.6% |
| Hamilton Lane | $85.22 | −3.53% | $4.91B | 13.5 | 12.3 | 5.7 | +56.5% |
| Blackstone | $124.18 | −1.76% | $152.70B | 28.1 | 19.3 | 9.5 | +2.4% |
| Ares Management | $125.10 | −1.24% | $41.60B | 52.6 | 19.3 | 6.5 | +5.8% |
| Apollo Global Management | $125.69 | −1.74% | $73.67B | 28.6 | 12.8 | 2.0 | +63.7% |
| KKR | $99.11 | −1.71% | $90.53B | 31.7 | 14.1 | 4.3 | −44.8% |
| The Carlyle Group | $40.48 | −0.93% | $14.71B | 42.5 | 9.8 | 3.7 | −29.3% |
| TPG | $45.82 | −1.50% | $17.83B | 53.5 | 14.3 | 3.8 | −31.8% |
| Blue Owl Capital | $9.88 | −1.45% | $15.66B | 84.3 | 10.6 | 5.2 | +7.1% |
| Median | 37.1 | 13.4 | 4.8 | +4.1% |