StepStone Q4 2021 Earnings Report
Key Takeaways
StepStone Group reported strong growth in AUM, FEAUM, and adjusted net income. The company declared a dividend of $0.07 per share and raised over $2 billion of new SMA capital.
Declared a dividend of $0.07 per share of Class A common stock, payable on July 15, 2021.
Raised over $2 billion of new SMA capital in 4Q’21 and over $11 billion for the full fiscal year.
Additional closings for StepStone Tactical Growth Fund III (“STGF III”) and Senior Corporate Lending Fund II (“SCL II”), both currently in market; Raised approximately $2 billion of commingled funds for the full fiscal year.
Conversus StepStone Private Markets (“CPRIM”) achieved a NAV of over $135 million and posted a 43% net return in eight months since inception as of June 1, 2021.
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StepStone Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income