StepStone Group LP Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 04:11 pm EST
Share
StepStone Group LP reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported negative revenue was USD 14.61 million compared to USD 4.24 million a year ago. Net loss was USD 20.23 million compared to USD 6.94 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.32 compared to USD 0.11 a year ago.
For the nine months, revenue was USD 354.82 million compared to negative revenue of USD 239.95 million a year ago. Net income was USD 27.27 million compared to net loss of USD 47.2 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to basic loss per share from continuing operations of USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to diluted loss per share from continuing operations of USD 0.77 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 
