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Dec 31, 2022
StepStone Q3 2023 Earnings Report
StepStone's results were impacted by lower net realized performance fees, partially offset by higher fee-related earnings.
Key Takeaways
StepStone Group reported a GAAP net loss of $13.6 million, with a net loss attributable to StepStone Group Inc. of $6.9 million, or $0.11 per share, for the quarter ended December 31, 2022. Adjusted revenues were $148.1 million, and fee-related earnings were $42.7 million.
Declared a dividend of $0.20 per share of Class A common stock, payable on March 15, 2023 to record holders of Class A common stock at the close of business on February 28, 2023
Raised a total of $12.4 billion of new SMA capital over the LTM
Raised a total of $6.0 billion for commingled funds over the LTM
Total retail platform assets surpassed $1.3 billion in AUM, driven by continued strong subscriptions in SPRIM and SPRING, and the expansion into Europe and Australia
Forward Guidance
No forward guidance was provided in the transcript.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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