Fourth StepStone Group Report – GuruFocus.com
NEW YORK, May 26, 2022 (GLOBE NEWSWIRE) — StepStone Group Inc. (STEP), a global private markets investment firm focused on providing personalized investment solutions and advisory and data services, has today announced its results for the fourth quarter and fiscal year ended March 31, 2022. The Company’s Board of Directors declared a quarterly cash dividend of $0.20 per Class A common share, payable June 30 2022, to holders of record at the close of business on June 15, 2022.
StepStone has released a comprehensive and detailed presentation of its fourth quarter and full year 2022 results, accessible by clicking on here.
Results webcast and conference call
Management will host a webcast and conference call on Thursday, May 26, 2022 at 5:00 p.m. ET to discuss the Company’s results for the fourth quarter and year ended March 31, 2022. The conference call will also be available in the Shareholders section section of the Company’s website at https://shareholders.stepstonegroup.com/. To listen to a live broadcast, go to the site at least 15 minutes before the scheduled start time to register.
The conference call can be accessed by dialing 1-877-407-0784 (U.S.) or 1-201-689-8560 (international).
A replay of the call will also be available on the Company’s website approximately two hours after the live call through June 9, 2022. To access the replay, dial 1-844-512-2921 (United States). USA) or 1-412-317-6671 (international). The replay PIN is 13729721. The replay can also be accessed from the Shareholders section of the Company’s website at https://shareholders.stepstonegroup.com.
StepStone Group Inc. (STEP) is a global private markets investment firm focused on providing personalized investment solutions and advisory and data services to its clients. As of March 31, 2022, StepStone was overseeing $570 billion in private market allocations, including $134 billion in assets under management. StepStone’s clients include some of the largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and wealth clients. private, which include wealthy clients and mass affluent individuals. StepStone partners with clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
Certain of the statements contained in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All other statements that statements of historical fact are forward-looking. Words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “future”, “intend”, “may”, “plan” and “will” and similar expressions identify forward-looking statements. Forward-looking statements reflect management’s current plans, estimates and expectations and are inherently uncertain. The inclusion of any forward-looking information in this release should not be taken as a representation that the contemplated future plans, estimates or expectations will be achieved. Forward-looking statements are subject to various risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, global and national market and business conditions, the successful execution of business and growth strategies and regulatory factors relevant to our business, as well as assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity, and the risks and uncertainties described in more detail in the “Risk Factors” section of our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on June 23, 2021, and in our Annual Report on Form 10-K filing with the SEC for the year ended March 31, 2022, as these factors may be updated from time to time. We undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Brian Ruby / Chris Gillick, ICR