StepStone Group joins LSEG's Digital Markets Infrastructure platform, enhancing private fund access using blockchain technology.
Quiver AI Summary
StepStone Group, a prominent global private markets investment firm, has announced its integration into LSEG’s Digital Markets Infrastructure (DMI) platform, which is designed to enhance access for professional investors to private funds through the use of distributed ledger technology. As one of the first private market managers on this platform, StepStone will offer its evergreen investment strategies in private equity, private debt, and infrastructure. This initiative builds on StepStone and LSEG's prior collaboration that established the FTSE StepStone Global Private Market Indices. Executives from both companies emphasize the importance of this partnership in improving transparency, efficiency, and access to private markets, which is seen as crucial for the UK Wealth market's evolution.
Potential Positives
- StepStone Group has become one of the first private market managers to launch on LSEG’s Digital Markets Infrastructure (DMI) platform, which underscores its role as a leader in private markets.
- The integration of StepStone's evergreen strategies into the DMI platform enhances investor access to private funds, potentially increasing the firm's client base and market reach.
- This collaboration improves transparency, benchmarking, and integration of private markets, which aligns with StepStone's commitment to innovation and enhancing investor experiences.
Potential Negatives
- StepStone's reliance on LSEG's Digital Markets Infrastructure (DMI) platform may expose the company to operational risks associated with third-party infrastructure, which could impact its service delivery and reputation.
- The ongoing evolution and increasing competition in private markets underscore a potential risk for StepStone in maintaining its market position and relevance amid rapid technological advancements and changing investor needs.
- Joining the DMI platform suggests a shift in StepStone's strategy that may not resonate positively with all stakeholders, particularly if there are concerns over the efficacy or security of blockchain technology in private fund distribution.
FAQ
What is StepStone Group's new partnership with LSEG?
StepStone Group has joined LSEG's Digital Markets Infrastructure platform to enhance access to private markets for investors.
How does the DMI platform benefit private fund distribution?
The DMI platform utilizes distributed ledger technology to streamline access to private funds, reducing structural barriers for investors.
What types of strategies is StepStone offering on the DMI platform?
StepStone is launching its evergreen strategies in private equity, private debt, and infrastructure on the DMI platform.
What previous collaboration did StepStone and LSEG have?
In October 2025, StepStone and LSEG launched the FTSE StepStone Global Private Market Indices for daily private market benchmarks.
How does the DMI platform affect professional investors?
The DMI platform enhances access, efficiency, and scalability for professional investors in the private markets sector.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$STEP Insider Trading Activity
$STEP insiders have traded $STEP stock on the open market 17 times in the past 6 months. Of those trades, 3 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $STEP stock by insiders over the last 6 months:
- JOSE A FERNANDEZ (Co-Chief Operating Officer) has made 0 purchases and 7 sales selling 211,210 shares for an estimated $13,120,535.
- MICHAEL I MCCABE (Head of Strategy) has made 0 purchases and 3 sales selling 192,052 shares for an estimated $12,709,728.
- SCOTT W HART (Chief Executive Officer) has made 0 purchases and 4 sales selling 30,000 shares for an estimated $2,003,876.
- STEVEN R MITCHELL has made 3 purchases buying 12,793 shares for an estimated $565,771 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$STEP Revenue
$STEP had revenues of $586.5M in Q3 2026.
You can track STEP financials on Quiver Quantitative's STEP stock page.
$STEP Hedge Fund Activity
We have seen 138 institutional investors add shares of $STEP stock to their portfolio, and 133 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,590,868 shares (-88.9%) from their portfolio in Q4 2025, for an estimated $102,085,999
- FMR LLC removed 801,515 shares (-43.7%) from their portfolio in Q4 2025, for an estimated $51,433,217
- VANGUARD GROUP INC added 728,410 shares (+9.4%) to their portfolio in Q4 2025, for an estimated $46,742,069
- PRICE T ROWE ASSOCIATES INC /MD/ added 724,201 shares (+16.5%) to their portfolio in Q4 2025, for an estimated $46,471,978
- MILLENNIUM MANAGEMENT LLC added 561,176 shares (+14.4%) to their portfolio in Q4 2025, for an estimated $36,010,663
- HOLOCENE ADVISORS, LP added 529,327 shares (+2659.7%) to their portfolio in Q4 2025, for an estimated $33,966,913
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 506,763 shares (-52.4%) from their portfolio in Q4 2025, for an estimated $32,518,981
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$STEP Price Targets
Multiple analysts have issued price targets for $STEP recently. We have seen 6 analysts offer price targets for $STEP in the last 6 months, with a median target of $60.5.
Here are some recent targets:
- John Dunn from Evercore ISI Group set a target price of $59.0 on 04/21/2026
- Chris Kotowski from Oppenheimer set a target price of $90.0 on 04/13/2026
- Benjamin Budish from Barclays set a target price of $61.0 on 04/08/2026
- Michael Brown from UBS set a target price of $60.0 on 04/02/2026
- Brennan Hawken from BMO Capital set a target price of $58.0 on 03/24/2026
- Kenneth Worthington from JP Morgan set a target price of $91.0 on 02/06/2026
Full Release
LONDON, May 07, 2026 (GLOBE NEWSWIRE) -- StepStone Group (Nasdaq: STEP) , a leading global private markets investment firm, today announced it has joined LSEG’s Digital Markets Infrastructure (DMI) platform.
Fully integrated within LSEG Workspace, the DMI platform streamlines professional investor access to private funds and utilises distributed ledger technology to support private fund distribution, helping to reduce structural barriers to private markets access for investors.
StepStone is among the first private markets managers launching on the DMI platform, with StepStone’s evergreen strategies across private equity, private debt and infrastructure available.
This collaboration builds on StepStone’s existing relationship with LSEG. In October 2025, the two launched the FTSE StepStone Global Private Market Indices, which offer daily, private market benchmarks.
Together, these initiatives exemplify StepStone’s commitment to improving access, transparency, benchmarking and integration of private markets within diversified portfolios.
David Jeffrey, Head of Europe at StepStone, said: "The continued evolution of private markets requires infrastructure and data integrity consistent with institutional investing. LSEG’s DMI platform represents an important step in that development. By launching our evergreen strategies on the platform, we are supporting more efficient access to private markets through established market infrastructure. We believe innovation in distribution and access will be vital to the long-term success of private markets in the UK Wealth market.”
Dr Darko Hajdukovic, Head of Digital Markets Infrastructure, LSEG, said: “StepStone’s decision to bring its evergreen strategies onto our DMI platform marks another important milestone in opening up access to private markets. DMI now enhances access for professional investors in the wealth segment and delivers blockchain-powered scale and efficiency , enabling fund managers to distribute their products more effectively and support the evolving needs of clients. We’re delighted to deepen our relationship with StepStone as we continue to drive innovation and broaden participation in private markets.”
Contacts
Shareholder Relations:
Seth Weiss
[email protected]
1-212-351-6106
Media:
Maggie Duffy / Sam Adams
Edelman
[email protected]
About StepStone Group
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2025, StepStone was responsible for approximately $811 billion of total capital, including $220 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone 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.
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
Contacts
LSEG Press Office
Harriet Leatherbarrow / Laura Banks
+44 (0)20 7797 1222
[email protected]
www.lseg.com
