StepStone

Nov 10, 2020

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Sep 30, 2020

StepStone Q2 2021 Earnings Report

StepStone's second quarter fiscal 2021 results were reported, marking a successful transition to a public company and demonstrating strong financial performance.

Key Takeaways

StepStone Group reported strong second quarter results, with AUM increasing to $72.0 billion, FEAUM growing to $44.3 billion, and management and advisory fee revenue rising by 41%. The company also completed a successful IPO and closed SREP IV at $1.4 billion.

Total AUM increased by $5.9 billion (9%) to $72.0 billion (+23% from prior year).

Fee-Earning AUM increased $2.6 billion (6%) to $44.3 billion (+22% from prior year).

Management and advisory fee revenue was $75.7 million, an increase of 41% from the prior year.

Adjusted Net Income was $18.3 million (or $0.19 per share), an increase of 59% year-to-year.