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Mar 31, 2024
StepStone Q4 2024 Earnings Report
Reported results for the quarter ended March 31, 2024.
Key Takeaways
StepStone Group reported strong Q4 2024 results, with significant growth in total revenues and assets under management. The company's strategic focus on customized investment solutions and advisory services drove positive financial outcomes.
Management and advisory fees increased by 16% compared to Q4 2023.
Total revenues increased by 107% compared to Q4 2023, driven by strong performance fees.
Assets under management (AUM) grew to $156.6 billion, a 13% increase year-over-year.
Net income attributable to StepStone Group Inc. was $30.823 million, compared to $28.801 million in the same quarter last year.
Forward Guidance
While the earnings report does not explicitly include forward guidance, based on the results, StepStone Group is likely to continue focusing on expanding its AUM and AUA through strategic investments and client relationships.
Positive Outlook
- Continued growth in management and advisory fees.
- Strong performance in total revenues.
- Increase in assets under management.
- Strategic focus on customized investment solutions.
- Expansion of client relationships.
Challenges Ahead
- No specific negative aspects were mentioned in the provided document.
- However, general market risks and business conditions could impact future performance.
- Integration of acquired businesses may present challenges.
- Regulatory factors could pose risks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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