StepStone Group Reports Second Quarter Fiscal 2021 Results
November 10 2020 - 4:05PM
StepStone Group Inc. (Nasdaq: STEP), a global private markets
investment firm focused on providing customized investment
solutions and advisory and data services, today reported results
for the second fiscal quarter ended September 30, 2020. StepStone
completed an initial public offering of its Class A common stock on
September 18, 2020.
StepStone Co-CEO Scott Hart commented, “We are
very excited by our strong results for our second fiscal quarter.
We were also pleased to complete our successful transition to a
public company during the quarter. I would like to thank all
StepStone employees for their continued passion, commitment and
hard work in supporting our journey. Looking ahead, we remain
committed to leveraging the firm’s integrated platform to provide
clients with customized portfolios across asset classes and
geographies. Furthermore, we believe our approach, that leverages
our proprietary data and technology, provides a durable competitive
advantage to drive long-term value for our limited partners and
shareholders.”
StepStone issued a full detailed
presentation of its second quarter fiscal 2021 results, which can
be accessed by clicking
here.
Webcast and Earnings Conference
Call
Management will host a webcast and conference
call on Tuesday, November 10, 2020 at 5:00 pm ET to discuss the
Company’s results for the second fiscal quarter ended September 30,
2020. The conference call will also be made available in the
Shareholders section of the Company's website at
https://shareholders.stepstonegroup.com/. To listen to a live
broadcast, go to the site at least 15 minutes prior to the
scheduled start time in order to register.
The conference call can be accessed by dialing
1-877-407-0784 (United States) or 1-201-689-8560
(international).
A replay of the call will also be available on
the Company's website approximately two hours after the live call
through November 24, 2020. To access the replay, dial
1-844-512-2921 (United States) or 1-412-317-6671 (international).
The replay pin number is 13712383. The replay can also be accessed
on the shareholders section of the Company's website at
https://shareholders.stepstonegroup.com/.
About StepStone
StepStone Group Inc. (Nasdaq: STEP) is a global
private markets investment firm focused on providing customized
investment solutions and advisory and data services to its clients.
As of September 30, 2020, StepStone oversaw $313 billion of private
markets allocations, including $72 billion of assets under
management. StepStone's clients include some of the world's largest
public and private defined benefit and defined contribution pension
funds, sovereign wealth funds and insurance companies, as well as
prominent endowments, foundations, family offices and private
wealth clients, which include high-net-worth and mass affluent
individuals. StepStone partners with its clients to develop and
build private markets portfolios designed to meet their specific
objectives across the private equity, infrastructure, private debt
and real estate asset classes.
Forward-Looking Statements
Some of the statements in this release may
constitute “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact are forward-looking. Words such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “future,” “intend,”
“may,” “plan” and “will” and similar expressions identify
forward-looking statements. Forward-looking statements reflect
management’s current plans, estimates and expectations and are
inherently uncertain. The inclusion of any forward-looking
information in this release should not be regarded as a
representation that the future plans, estimates or expectations
contemplated will be achieved. Forward-looking statements are
subject to various risks, uncertainties and assumptions. Important
factors that could cause actual results to differ materially from
those in forward-looking statements include, but are not limited
to, global and domestic market and business conditions, successful
execution of business and growth strategies and regulatory factors
relevant to our business, as well as assumptions relating to our
operations, financial results, financial condition, business
prospects, growth strategy and liquidity and the risks and
uncertainties described in greater detail under “Risk Factors”
included in our prospectus dated September 15, 2020, filed with the
U.S. Securities and Exchange Commission (“SEC”) on September 16,
2020, and in our quarterly report on Form 10-Q to be filed with the
SEC, as such factors may be updated from time to time. We undertake
no obligation to revise or update any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law.
Contacts
Shareholder
Relations:shareholders@stepstonegroup.com1-212-351-6106
Media:Brian Ruby / Chris Gillick,
ICRStepStonePR@icrinc.com 1-203-682-8268
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