StepStone Group LP Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 24, 2024 at 01:35 am IST
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StepStone Group LP reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was USD 356.81 million compared to USD 172.37 million a year ago. Net income was USD 30.82 million compared to USD 28.8 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.46 a year ago. Diluted earnings per share from continuing operations was USD 0.48 compared to USD 0.46 a year ago.
For the full year, revenue was USD 711.63 million compared to negative revenue of USD 67.57 million a year ago. Net income was USD 58.09 million compared to net loss of USD 18.4 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to basic loss per share from continuing operations of USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to diluted loss per share from continuing operations of USD 0.3 a year ago.
StepStone Group Inc. is a private markets investment firm. The Company is focused on providing customized investment solutions and advisory, data and administrative services to its clients. It partners with its 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. Its portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. Its solutions are offered across various commercial structures, including separately managed accounts, focused commingled funds, advisory, data and administrative services, and portfolio analytics and reporting. Its advisory, data and administrative services include recurring support of portfolio construction and design, and discrete or project-based due diligence.
STEPSTONE GROUP LP 
