The STEPSTONE GROUP LP is a publicly held investment adviser that advises $248.27Bn in regulatory assets under management held in 6 SEC fund types across 11 investment strategies. STEPSTONE GROUP LP is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 172.45% over the last 5-years.
The Group has been registered with the SEC for 19.02 years and is comprised of 7 filing and 0 relying advisers. They operate out of 23 office locations with their Headquarters at 4225 EXECUTIVE SQUARE SUITE 1600, SAN DIEGO, CALIFORNIA. The Group has not been subject to regulatory enforcement actions. They are regulated by 13 US and Non-US bodies.
They have 1,463 employees comprised of 434 investment and 1,029 non-investment staff. The total number of Employees increased by 174.48% over the last 5-years.
Their $248.27Bn in assets advised are owned by 714 private funds, 25 public funds and BDCs and 147 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $210.26Bn or 84.69% of Total Assets and Investment Companies (IC) own $26.68Bn or 10.75% of Total Assets.
The Group's top investment strategies include Fund of Funds, Multi Strat and Infrastructure, representing 51.46%, 19.12% and 14.42% of total assets, respectively.
They advise 12 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 13 Fund Administrators, 4 Fund Auditors, 0 Prime Brokers, 30 Custodians and 45 Marketers. It does not report a third-party Fund Administrator in 46 private funds with $20.53Bn in assets.
The Group discloses advisory fees, fixed fees, management fees and performance-based fees.
STEPSTONE GROUP LP names 2 sub-advisers BLACKROCK FINANCIAL MANAGEMENT, INC, T. ROWE PRICE ASSOCIATES, INC. to 105 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.