Highest-materiality recent filing
StepStone closes 2025 Exchange, acquires ~5% each in SRE/SRA/SPD for $11M cash and 756K shares
Completed second exchange under Feb 2024 transaction agreements for equity in three asset class entities.
Now owns 56% of SRE, 54% of SIRA, and 55% of SPD after acquiring ~5% stakes from sellers.
StepStone enters agreements to acquire all interests in SRE, SIRA, SPD via annual exchanges
StepStone to acquire 100% of SRE, SIRA, and SPD through annual exchanges of equity for Class D units or Class A common stock plus cash over up to 10 years (15 for SIRA).
StepStone CFO Johnny Randel to retire; David Park named CFO; Q2 dividend $0.21
Johnny Randel retires as CFO effective Dec 31, 2023; David Park (CAO) appointed CFO effective Jan 1, 2024.
StepStone Group entered an Option Agreement on Nov. 2, 2022 for its Conversus platform, which will be rebranded as StepStone Private Wealth.
StepStone Group selling stockholders offer 4.5M shares at $52.35 in secondary offering
Secondary offering of 4,500,000 shares of Class A common stock by selling stockholders at $52.35 per share.
StepStone completes Greenspring acquisition; audited 2020 revenue $65.7M
Acquisition of Greenspring Associates closed September 20, 2021; financial statements furnished.
StepStone names Scott Hart sole CEO, Monte Brem Executive Chairman; declares $0.15 dividend
Scott Hart becomes sole CEO, Monte Brem becomes Executive Chairman effective Jan 1, 2022; Brem founded company in 2007.
StepStone completes Greenspring acquisition; adds $9.5B fee-earning AUM, combined AUM $109B
Total consideration: ~$185M cash, 12.7M Class A shares, 3.07M Class C units (exchangeable for Class A).
Greenspring has $17B AUM and $9B FEAUM as of March 31, 2021.
On November 1, 2023, Johnny Randel notified the Board of Directors (the “Board”) of the Company of his decision to retire as the Company’s Chief Financial Officer, effective December 31, 2023.
The Board also elected Mr. Anthony Keathley, the Company’s current Managing Director of Financial Reporting and Consolidation, to succeed Mr. Park as the Company’s Chief Accounting Officer, effective January 1, 2024.
the Board appointed Mr. David Park, the Company’s current Chief Accounting Officer, to succeed Mr. Randel as the Company’s Chief Financial Officer, effective January 1, 2024.
On November 4, 2021, the Board of Directors (the “Board”) of the Company unanimously elected Scott Hart as the Company’s sole Chief Executive Officer, and Monte Brem as the Company’s Executive Chairman, each effective January 1, 2022.
On November 4, 2021, the Board of Directors (the “Board”) of the Company unanimously elected Scott Hart as the Company’s sole Chief Executive Officer, and Monte Brem as the Company’s Executive Chairman, each effective January 1, 2022.
Max materiality 0.85 · Median 0.50 · Most common event earnings