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StepStone Group (STEP) guidance and outlook

StepStone Group's 10-Q filed Nov 9, 2026 makes 18 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 9, 2026

• In addition to these macroeconomic trends and market factors, we believe our future performance will be influenced by the following factors:
• We believe our fundraising efforts will continue to be subject to certain fundamental asset management trends, including (1) the increasing importance and market share of private markets investment strategies to clients of all types as clients focus on lower-correlated and absolute levels of return, (2) the increasing demand for private markets investments from private wealth clients, (3) shifting asset…
• We also provide certain project-based or event-driven advisory services.
• SPW generated profitability in fiscal 2026 and in fiscal 2027 to date, and we expect that there will be an increase in the profitability generated by SPW in the future which would increase the fair value of the associated liability for the profits interest issued in SPW.
• The historical results of our investments are not indicative of future results to be expected of existing or new investment funds, and are not a proxy for the performance of our Class A common stock, including because:
• • changes in the global tax and regulatory environment may impact both the investment preferences of our clients and the financing strategies employed by businesses in which particular funds invest, which may reduce the overall capital available for investment and the availability of suitable investments, thereby reducing investment returns in the future;
• We believe we will have sufficient ability to meet our liquidity and capital resources requirements for the next 12 months through cash flows from operating activities, existing cash and cash equivalents, borrowings under the Revolver, and our ability to obtain future financing.
• In the future, we may issue additional equity or debt with the objective of increasing our available capital, including to fund the cash portion of the consideration payable under the option agreement relating to the profits interest in SPW, which we currently expect to fund in part through the incurrence of additional indebtedness and/or the issuance of equity securities.
• We believe that we will be able to continue to meet our current and long-term liquidity and capital requirements through our cash flows from operating activities, existing cash and cash equivalents, and our ability to obtain future financing.
• In November 2026, our board of directors determined that we will not declare or pay a supplemental cash dividend in respect of fiscal 2027.
• Instead, the Partnership intends to retain such cash and use it to fund a portion of the consideration payable in connection with our expected exercise of our call right (or any earlier exercise of the put right held by CH Equity Partners, LLC) under the option agreement relating to the profits interest in SPW.
• Our board of directors will continue to evaluate the payment of supplemental dividends in respect of future fiscal years.

StepStone Group's latest quarter

Questions

What does StepStone Group expect?

In addition to these macroeconomic trends and market factors, we believe our future performance will be influenced by the following factors: We believe our fundraising efforts will continue to be subject to certain fundamental asset management trends, including (1) the increasing importance and market share of private markets investment strategies to clients of all types as clients focus on lower-correlated and absolute levels of return, (2) the increasing demand for private markets investments from private wealth clients, (3) shifting asset… We also provide certain project-based or event-driv

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Updated Nov 9, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.