---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-151736"
form_type: "8-K"
ticker: "STEP"
cik: "0001796022"
company_name: "StepStone Group Inc."
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:13:25.165907+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# StepStone completes first annual exchange to acquire ~5% stakes in three asset class entities, now owns 54-56% of each

## Summary
- Now owns 56% of SRE, 54% of SIRA, and 55% of SPD after acquiring ~5% stakes from sellers.
- Aggregate consideration paid: ~$13M cash, 513,394 shares of Class A Common Stock, and 2,239,185 Class D Units.
- Tenth A&R LPA creates Class D Units; rights substantially similar to existing Class C Units.
- Class D Units exchangeable for Class A Common Stock on one-for-one basis after max 1-2 year restriction.
- Second A&R Registration Rights Agreement grants sellers demand, shelf, and piggyback registration rights.

## SEC filing metadata
- accession: 0001193125-24-151736
- form_type: 8-K
- ticker: STEP
- cik: 0001796022
- company_name: StepStone Group Inc.
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796022/000119312524151736/0001193125-24-151736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796022/000119312524151736/d810694d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-151736
- JSON: https://secwatch.observer/filing/0001193125-24-151736.json
- Plain text: https://secwatch.observer/filing/0001193125-24-151736.txt

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