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Overview
StepStone is a global private markets firm that manages and allocates capital across private equity, infrastructure, real assets, real estate, and private debt. It oversees about US$91 billion of private capital allocations, including roughly US$24 billion in assets under management, and builds customized investment portfolios for sophisticated investors using a research-driven process that combines primary fund commitments, secondary purchases, and co-investments. The firm operates worldwide with offices in cities such as Beijing, Hong Kong, London, New York, and Tokyo, among others. StepStone differentiates itself by its integrated approach to private markets (primaries, secondaries, and co-investments), its disciplined, research-based investment process, and its ability to tailor portfolios for large institutional clients. The goal is to provide tailored, diversified private markets exposure and capital allocation solutions that meet the needs of demanding investors.
About StepStone Group
Industries
Data & Analytics
Financial Services
Real Estate
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2007
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Simplify's Take
What believers are saying
- August 6, 2026 private wealth subscriptions hit $2.8 billion quarterly.
- Private wealth assets topped $21 billion, doubling year over year by August 2026.
- StepStone raised its quarterly dividend 18% and repurchased $21 million in August 2026.
What critics are saying
- August 6, 2026 GAAP loss reached $170.4 million, reflecting buy-in accounting.
- The July 2027 private-wealth call period creates a valuation and financing overhang.
- A prolonged fundraising freeze would starve StepStone's fee base and crush valuation.
What makes StepStone Group unique
- StepStone's August 6, 2026 results showed $20 billion LTM SMA fundraising.
- Its June 17, 2026 PitchBook partnership sells anonymized deal-level benchmarking inside workflows.
- The firm spans private equity, real estate, private debt, infrastructure, and wealth.
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Funding
Total Funding
$34.8B
Above
Industry Average
Funded Over
0 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
Mental Health Support
Paid Vacation
Wellness Program
Stock Price
Company News
Company surpasses $1 billion valuation as investors back proven technology designed to address AI’s mounting power constraints across data centers and Physical AI SANTA CLARA, Calif., August 18, 2026 – Velaura AI, Inc., an AI compute infrastructure company developing ultra-low-power silicon and software technologies, today announced that it has raised $110 million in Series A […]
Velaura AI has raised $110 million in Series A funding, achieving unicorn status with a valuation exceeding $1 billion. The round was led by Seligman Ventures, with participation from Capricorn Investment Group and existing backers Samsung Catalyst Fund and StepStone Group. The chip designer focuses on low-power designs aimed at reducing energy costs for AI data centres. According to Reuters, the company is positioning efficiency as a key differentiator as the industry faces physical constraints around electricity consumption, cooling requirements, and power delivery capacity. Velaura's approach addresses what investors see as AI's emerging bottleneck: not model sophistication, but the practical limitations of data centre infrastructure.
StepStone Group missed Wall Street's revenue expectations in Q2 CY2026, with sales of $300.6 million falling short of the $312.8 million estimate, despite a 26.6% year-on-year increase. The private markets investment firm's non-GAAP profit of $0.48 per share also missed consensus by 4.8%. CEO Scott Hart highlighted continued strength in fee-related earnings, driven by robust fundraising and rapid growth of its Private Wealth platform, which saw subscriptions surpass $2.8 billion for the quarter. The company achieved $10 billion in gross inflows, split between managed accounts and commingled funds. Management attributed margin pressure to changes in fee structures and timing of fund activations. Looking ahead, the firm plans to buy in its Private Wealth profits interest to boost adjusted net income. StepStone raised its quarterly dividend by 18% and executed $21 million in share repurchases.
The last century was fueled by oil and gas. Turner Caldwell is betting the next century runs on metals. “We’re entering a metals-driven economy,” said Caldwell, CEO and cofounder at Mariana Minerals, a software-focused mining startup. “Lithium and copper are going to be core, but our mandate needs to be broader than that. We’re starting …
The Cambridge-based start-up assembled more than 45 industry partners for its new AI Materials Foundry, while a $450m Series B values the company at $2.6bn.
StepStone Group is Hiring for 53 Jobs on Simplify!
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About StepStone Group
Industries
Data & Analytics
Financial Services
Real Estate
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2007
StepStone Group is Hiring for 53 Jobs on Simplify!
Find jobs on Simplify and start your career today