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Jun 30, 2021
StepStone Q1 2022 Earnings Report
Reported an increase in fee-earning AUM and adjusted net income.
Key Takeaways
StepStone Group reported strong Q1 2022 results, driven by a 27% increase in fee-earning AUM, which led to a 23% rise in fee revenue. Adjusted net income per share increased by 156% due to higher fee-related earnings and net realized performance fees.
Declared a dividend of $0.07 per share of Class A common stock
Raised approximately $11 billion of new SMA capital in the last twelve months
Achieved a NAV of approximately $150 million for Conversus StepStone Private Markets (“CPRIM”), posting a 45% net return since inception as of June 30, 2021
Entered into a transaction agreement to acquire 100% of Greenspring Associates, Inc.
StepStone
StepStone
StepStone Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income