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STEP 
Stepstone Group Inc (STEP)
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Upturn Advisory Summary
12/09/2025: STEP (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $75.14
1 Year Target Price $75.14
| 2 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 92.11% | Avg. Invested days 72 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.75B USD | Price to earnings Ratio - | 1Y Target Price 75.14 |
Price to earnings Ratio - | 1Y Target Price 75.14 | ||
Volume (30-day avg) 6 | Beta 1.43 | 52 Weeks Range 39.26 - 68.10 | Updated Date 12/9/2025 |
52 Weeks Range 39.26 - 68.10 | Updated Date 12/9/2025 | ||
Dividends yield (FY) 1.59% | Basic EPS (TTM) -8.15 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -40.06% | Operating Margin (TTM) -159.1% |
Management Effectiveness
Return on Assets (TTM) -15.26% | Return on Equity (TTM) -53.41% |
Valuation
Trailing PE - | Forward PE 34.72 | Enterprise Value 4986159923 | Price to Sales(TTM) 5.05 |
Enterprise Value 4986159923 | Price to Sales(TTM) 5.05 | ||
Enterprise Value to Revenue 3.25 | Enterprise Value to EBITDA 16.5 | Shares Outstanding 79124247 | Shares Floating 73407520 |
Shares Outstanding 79124247 | Shares Floating 73407520 | ||
Percent Insiders 10.64 | Percent Institutions 95.42 |
Upturn AI SWOT
Stepstone Group Inc
Company Overview
History and Background
StepStone Group Inc. (NASDAQ: STEP) is a global private markets investment firm. Founded in 2004, it has grown into a significant player in private equity, venture capital, private debt, and real estate. The company focuses on providing clients with access to private market opportunities through diversified portfolios and bespoke solutions. Its evolution has been marked by strategic acquisitions and organic growth, expanding its global presence and investment capabilities.
Core Business Areas
- Private Markets Investment Solutions: Offers a broad range of investment solutions across private equity, venture capital, private debt, and real assets, catering to institutional investors and high-net-worth individuals. This includes fund investing, co-investments, and direct investments.
- Secondary Market Services: Provides liquidity solutions for investors seeking to sell existing private market fund interests, as well as opportunities for buyers to acquire these interests.
- Co-Investment and Direct Investing: Facilitates direct investment opportunities and co-investments alongside reputable fund managers, allowing clients to gain exposure to specific companies or sectors.
Leadership and Structure
StepStone Group Inc. is led by a seasoned management team with extensive experience in private markets. The organizational structure is global, with offices and investment professionals located in key financial centers around the world, enabling local market expertise and global reach. Key leadership roles include CEO, CIO, and heads of various investment strategies and regions. (Specific names and titles would require live data access).
Top Products and Market Share
Key Offerings
- Private Equity Fund Investments: StepStone offers diversified portfolios of private equity funds, providing clients with exposure to a wide range of vintage years, geographies, and strategies. The firm has a significant AUM in this area. Competitors include global investment consultants and other large private markets investors.
- Secondary Market Solutions: Provides a critical service for investors seeking to exit or enter private market positions. This segment is competitive with specialized secondary market firms and investment banks.
- Venture Capital Investments: Offers access to venture capital funds and direct investments in technology and growth-stage companies. Competitors range from specialized VC firms to broader alternative asset managers.
Market Dynamics
Industry Overview
The private markets industry is experiencing robust growth, driven by investor demand for diversification and higher potential returns compared to public markets. Factors such as low interest rates, quantitative easing, and a desire for illiquid premiums have fueled this trend. The industry is characterized by increasing institutional investor allocation, a rise in sophisticated investment strategies, and a growing regulatory landscape.
Positioning
StepStone Group Inc. is positioned as a leading global investment solutions provider in private markets. Its competitive advantages include its extensive global network, deep industry expertise, proprietary research capabilities, and a diversified suite of investment strategies. The firm's ability to provide customized solutions and access to top-tier fund managers is a key differentiator.
Total Addressable Market (TAM)
The global private markets TAM is substantial and continues to grow, estimated to be in the trillions of dollars. StepStone Group Inc. is well-positioned to capture a significant portion of this market due to its established reputation, global reach, and comprehensive product offering.
Upturn SWOT Analysis
Strengths
- Global presence and extensive network
- Deep expertise across private market strategies
- Strong relationships with top-tier fund managers
- Diversified investment solutions and customized offerings
- Proprietary research and data analytics capabilities
Weaknesses
- Dependence on macroeconomic conditions impacting private markets
- Potential for high fees associated with private market investments
- Scalability of certain bespoke investment strategies
- Reliance on key personnel for deal sourcing and management
Opportunities
- Continued growth in institutional investor allocations to private markets
- Expansion into emerging markets and new investment strategies
- Leveraging technology for enhanced data analysis and client service
- Strategic partnerships and acquisitions to broaden capabilities
- Increasing demand for ESG-integrated private market investments
Threats
- Increased competition from other alternative asset managers
- Potential for increased regulatory scrutiny
- Slowing global economic growth or recession impacting portfolio performance
- Rising interest rates affecting valuations and deal activity
- Geopolitical risks and market volatility
Competitors and Market Share
Key Competitors
- KKR & Co. Inc. (KKR)
- Apollo Global Management, Inc. (APO)
- Blackstone Inc. (BX)
- Carlyle Group Inc. (CG)
Competitive Landscape
StepStone competes in a highly competitive landscape of large alternative asset managers and investment consultants. Its advantages lie in its specialized focus on private markets solutions and its ability to offer a broad spectrum of strategies. However, larger, more diversified competitors may have greater scale, broader client relationships, and deeper pockets for acquisitions and talent.
Major Acquisitions
Mercer's private markets business
- Year: 2020
- Acquisition Price (USD millions):
- Strategic Rationale: This acquisition significantly expanded StepStone's global reach, client base, and investment capabilities, particularly in the institutional investor segment. It solidified StepStone's position as a leading global private markets investment solutions provider.
Growth Trajectory and Initiatives
Historical Growth: StepStone Group Inc. has demonstrated significant historical growth, largely driven by the expansion of the private markets industry and the company's ability to attract substantial AUM. Strategic acquisitions and an increasing global footprint have also contributed to its growth trajectory.
Future Projections: Future growth is anticipated to be sustained by continued strong investor demand for private market exposure, the firm's ability to innovate and expand its product offerings, and its strategic expansion into new geographies and asset classes. Analyst estimates typically project continued AUM growth and revenue expansion. (Specific projections require access to analyst reports).
Recent Initiatives: Recent initiatives likely include expanding its ESG integration, developing new private debt and venture capital strategies, and potentially making strategic acquisitions to enhance its capabilities or market reach. The firm is also likely focused on leveraging technology for operational efficiency and client engagement.
Summary
StepStone Group Inc. is a well-established player in the rapidly growing private markets industry, demonstrating strong historical growth driven by increasing investor demand and strategic expansion. Its diversified product offerings and global network are significant strengths. However, the company faces intense competition from larger rivals and is susceptible to macroeconomic headwinds. Continued focus on innovation, ESG integration, and strategic partnerships will be crucial for its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (e.g., SEC filings)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry research reports
- Company website
Disclaimers:
This JSON output is generated based on publicly available information and AI analysis. It is not financial advice. Numerical data, especially market share and financial metrics, are estimations and may not reflect real-time accuracy. Investors should conduct their own due diligence before making any investment decisions. Specific details like acquisition prices and current market share figures can fluctuate and require access to the most recent data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Stepstone Group Inc
Exchange NASDAQ | Headquaters La Jolla, CA, United States | ||
IPO Launch date 2020-09-16 | CEO, Head of Private Equity, Director & Partner Mr. Scott Hart | ||
Sector Financial Services | Industry Asset Management | Full time employees 1240 | Website https://www.stepstonegroup.com |
Full time employees 1240 | Website https://www.stepstonegroup.com | ||
StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.
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