---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-209305"
form_type: "8-K"
ticker: "STEP"
cik: "0001796022"
company_name: "StepStone Group Inc."
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T07:00:24.224575+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# StepStone to acquire VC/growth equity specialist Greenspring for $185M cash, 12.6M shares, plus earnout

## Summary
- Greenspring has $17B AUM and $9B FEAUM as of March 31, 2021.
- Consideration: $185M cash, 12,643,556 Class A shares, 3,114,723 Class C units; plus up to $75M earnout in 2025.
- Closing expected by end of 2021; subject to HSR, 85% client consent (StepStone condition), and other conditions.
- Combined VC/growth equity team of 70+ professionals managing ~$22B; StepStone's private equity team to 130 pros with $60B AUM.
- Company secured $175M bridge commitment from JPMorgan Chase to finance a portion of cash consideration.

## SEC filing metadata
- accession: 0001193125-21-209305
- form_type: 8-K
- ticker: STEP
- cik: 0001796022
- company_name: StepStone Group Inc.
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796022/000119312521209305/0001193125-21-209305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796022/000119312521209305/d197424d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-209305
- JSON: https://secwatch.observer/filing/0001193125-21-209305.json
- Plain text: https://secwatch.observer/filing/0001193125-21-209305.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.