Stepstone Group Inc

AssetMark announced the expansion of its private markets platform with the addition of the Calamos Aksia Private Equity and Alternatives Fund (CAPVX) and the StepStone Private Equity Strategies Fund (STPEX). With these two additions, the platform now offers six interval funds spanning private credit, private real estate, private infrastructure and private equity, integrated into AssetMark's unified managed account technology. The new funds build on AssetMark's existing private credit, private real estate and private infrastructure strategies, which launched in November 2025, and add diversified private equity exposure across four categories. The funds are available as standalone investments or within professionally managed, goals-based private markets strategies, including GPS Select Access and SAVOS Personal Portfolios Access, at a $250,000 minimum investment. AssetMark also recently appointed Byron Dolven as VP of Private Markets Product Strategy. As of June 30, 2026, AssetMark had over $180 billion in assets across its platforms and serves more than 10,000 financial advisors and over 340,000 investor households.

StepStone Group Inc. has closed its StepStone Secondaries Infrastructure Fund and related separate accounts, raising $1.7 billion in total capital commitments. The fund, which is StepStone's first closed-ended commingled fund dedicated to infrastructure secondaries, closed with $1.5 billion in capital commitments, surpassing its target and reaching the hard cap. The fund focuses on acquiring limited partner interests in infrastructure funds and investing in GP-led secondary funds managed by experienced third-party infrastructure GPs. As of August 2026, the fund is about 50% deployed across 26 closed deals, many in the middle market. StepStone Infrastructure & Real Assets, which invests across primary funds, secondaries, and co-investments, has deployed an average of $13 billion annually over the past three years. Latham & Watkins LLP advised on the fund's formation.

StepStone Group Inc. reported results for the first quarter of fiscal year 2027 ended June 30, 2026, and its Board of Directors declared a quarterly cash dividend of $0.33 per share of Class A common stock, payable on September 15, 2026 to holders of record as of August 31, 2026. GAAP total revenues were $378.9 million, up 4% from the prior-year quarter, while the company posted a net loss of $170.4 million. Non-GAAP adjusted net income rose 24% to $60.3 million, or $0.48 per share, and fee-related earnings increased 30% to $105.6 million. Assets under management reached $245.4 billion, a 23% increase, and fee-earning AUM grew 21% to $153.6 billion.

StepStone Group and PitchBook have launched SPI Deal Benchmarking, a deal-level benchmarking solution now generally available on the PitchBook platform. The offering integrates StepStone's institutional-grade fund and deal performance data directly into PitchBook's private markets intelligence workflows for the first time. It provides aggregated and anonymized performance and operating metrics, enabling apples-to-apples comparisons across private equity buyout, venture capital and growth equity, and infrastructure deals. The solution is accessible to fund managers and service providers as a standalone offering and to investors through SPI by StepStone. StepStone was responsible for approximately $885 billion of total capital, including $233 billion of assets under management, as of March 31, 2026.