StepStone Q3 2023 Earnings Report
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
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Forward Guidance
No forward guidance was provided in the transcript.