The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

STEP

Concerning the House

StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.

United States · www.stepstonegroup.com

The Long Run

FY 2021–2025 · 5 years

LineLatestCAGRTrend
Revenue-$67.57M+20.1%
Net income-$179.56M-3.7%
Cash from ops$64.93M-0.4%
Quotation

$51.96

+3.86 (+8.0%)

52w hi$74.40
52w lo$39.54
Vol1.14M
As ofAug 13
The Verdict

Hold

Our score -0.19

Short+0.01
Medium-0.15
Long-0.66

computed 2026-08-13

By the Numbers

StepStone Group Inc.

Financial Services · Asset Management

Market cap$6.71B
Enterprise value$6.60B
Trailing P/E
Forward P/E14.95x
EV / EBITDA-5.88x
P / S (ttm)3.34x
Profit margin-30.5%
Return on equity-61.4%
Revenue growth+4.0%
Earnings growth
Debt / equity126.49
Risk Metrics
Beta vs SPX1.73
Corr SPX0.61
Annual vol46.3%
Annual ret+15.2%
Sharpe0.33
Max DD-48.2%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.13
Sector+0.09
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$48.31$52.08$47.90$51.961.14M
Aug 12$49.64$50.08$47.67$48.101.08M
Aug 11$46.36$49.87$45.711.57M
Aug 10$45.85$47.05$45.40$46.151.26M
Aug 7$50.91$50.91$46.22$46.415.24M