StepStone Group LP Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 04:09 pm EST
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StepStone Group LP reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was USD 191.42 million compared to negative revenue of USD 158.5 million a year ago. Net income was USD 26.23 million compared to net loss of USD 29.22 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 0.48 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to diluted loss per share from continuing operations of USD 0.48 a year ago.
For the six months, revenue was USD 369.43 million compared to negative revenue of USD 235.71 million a year ago. Net income was USD 47.49 million compared to net loss of USD 40.26 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to basic loss per share from continuing operations of USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to diluted loss per share from continuing operations of USD 0.66 a year ago.
StepStone Group Inc. is a private markets investment firm. It is focused on providing customized investment solutions and advisory, data and administrative services to its clients. The Company 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 
