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Sep 30, 2021
StepStone Q2 2022 Earnings Report
StepStone's financial results for the second quarter of fiscal year 2022 were reported, including a dividend declaration and growth in AUM and FEAUM.
Key Takeaways
StepStone Group reported strong growth in assets under management and advisement, driven by organic FEAUM growth and the acquisition of Greenspring Associates. Adjusted net income and adjusted revenues also increased significantly.
Declared a dividend of $0.15 per share of Class A common stock, representing a quarterly increase of 114%.
Raised approximately $16 billion of new SMA capital in the last twelve months.
Closed the acquisition of Greenspring Associates, adding $22.5 billion of assets under management and $11.4 billion of fee-earning AUM.
Fee-earning AUM increased by approximately 26% to $66.7 billion.
StepStone
StepStone
Forward Guidance
The report does not contain any forward guidance.