StepStone Q1 2023 Earnings Report
Key Takeaways
StepStone Group reported an increase in adjusted revenues and fee-earning AUM, driven by growth in separately managed accounts and focused commingled funds. The company declared a dividend of $0.20 per share of Class A common stock.
Declared a dividend of $0.20 per share of Class A common stock, payable on September 15, 2022 to record holders of Class A common stock at the close of business on August 31, 2022
Raised a total of approximately $17 billion of new SMA capital over the LTM
Final closings for StepStone Capital Partners V (“SCP V”), StepStone Credit Opportunities Fund I (“SCOF I”) and StepStone Senior Corporate Lending II (“SCL II”), first closing of StepStone’s private equity secondaries fund, and additional closings of StepStone’s expansion stage venture capital directs fund, and micro venture capital primaries fund; raised a total of approximately $7 billion for commingled funds over the LTM
Conversus StepStone Private Markets (“CPRIM”) achieved a 78% total return since inception on October 1, 2020, and approximately $650 million of AUM as of July 1, 2022
StepStone
StepStone
Forward Guidance
I am sorry, but I cannot provide forward guidance as it is not available in the document.