StepStone Private Wealth Solutions reports $10.2 billion in assets, expanding global partnerships and enhancing access for investors.
Quiver AI Summary
StepStone Private Wealth Solutions (SPWS) has reported significant growth, reaching $10.2 billion in assets under management as of July 31, 2025, driven largely by increased US investor engagement and new partnerships across global markets such as Europe, Australia, and Singapore. The firm has simplified investor access by lowering minimum investment amounts and removing accreditation requirements for certain US funds, enhancing participation in private markets. SPWS also launched new European investment structures that mirror the transparency available to US investors, and partnered with Goji to improve onboarding for European clients. Additionally, the StepStone Academy has expanded its curriculum to offer continuing education for financial professionals. StepStone Group emphasizes its commitment to providing institutional-grade access to diverse private market opportunities and improving investor experience through innovative solutions.
Potential Positives
- StepStone Private Wealth Solutions has reached a significant milestone of $10.2 billion in assets under management, highlighting its rapid growth and positioning it as a major player in private markets.
- The launch of European UCI Part II structures enhances accessibility and transparency for European investors, mirroring the options available to US investors.
- The elimination of investment minimums and accredited investor status for certain US funds reduces barriers to entry, allowing a wider range of investors access to private market opportunities.
- StepStone Academy's expansion to include continuing education credits for financial professionals strengthens the firm’s commitment to investor education and market accessibility.
Potential Negatives
- Lowering investment minimums and eliminating accreditation could attract investors without sufficient understanding of the risks associated with private market investments, potentially leading to higher instances of dissatisfaction or financial loss.
- The emphasis on growth in private market assets may raise concerns about the firm's sustainability and ability to manage such rapid expansion effectively.
- The lack of a secondary market for the Funds’ shares raises significant liquidity concerns for investors, limiting their options and increasing the risk profile of their investments.
FAQ
What are the key achievements of StepStone Private Wealth Solutions?
StepStone Private Wealth Solutions has reached $10.2 billion in assets under management, signaling significant growth in private markets investment.
How has StepStone enhanced access for US investors?
StepStone has lowered investment minimums and removed accredited investor status for several of its US Evergreen funds, improving accessibility.
What new educational offerings does StepStone Academy provide?
The StepStone Academy now offers on-demand continuing education credits aimed at US financial professionals, enhancing their expertise in private markets.
What global markets is StepStone expanding into?
StepStone is expanding its partnerships across Europe, Australia, Hong Kong, Singapore, and the UK to strengthen its global presence.
How is StepStone improving the investor onboarding experience?
StepStone partnered with Goji to create a seamless onboarding experience for investors in European private market evergreen funds.
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, 0 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $STEP stock by insiders over the last 6 months:
- MICHAEL I MCCABE (Head of Strategy) has made 0 purchases and 4 sales selling 318,836 shares for an estimated $18,874,792.
- SCOTT W HART (Chief Executive Officer) has made 0 purchases and 8 sales selling 60,000 shares for an estimated $3,631,655.
- JASON P MENT (See remarks) has made 0 purchases and 5 sales selling 57,308 shares for an estimated $3,478,089.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$STEP Hedge Fund Activity
We have seen 141 institutional investors add shares of $STEP stock to their portfolio, and 144 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 1,435,100 shares (+48.4%) to their portfolio in Q2 2025, for an estimated $79,648,050
- FMR LLC removed 1,369,176 shares (-36.0%) from their portfolio in Q2 2025, for an estimated $75,989,268
- FRED ALGER MANAGEMENT, LLC removed 697,113 shares (-44.8%) from their portfolio in Q2 2025, for an estimated $38,689,771
- CITADEL ADVISORS LLC added 538,060 shares (+39.7%) to their portfolio in Q2 2025, for an estimated $29,862,330
- BLACKROCK, INC. removed 457,822 shares (-4.6%) from their portfolio in Q2 2025, for an estimated $25,409,121
- CIBC PRIVATE WEALTH GROUP LLC added 425,692 shares (+83.2%) to their portfolio in Q2 2025, for an estimated $23,625,906
- DIMENSIONAL FUND ADVISORS LP removed 400,723 shares (-92.0%) from their portfolio in Q2 2025, for an estimated $22,240,126
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$STEP Analyst Ratings
Wall Street analysts have issued reports on $STEP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Oppenheimer issued a "Outperform" rating on 08/11/2025
To track analyst ratings and price targets for $STEP, check out Quiver Quantitative's $STEP forecast page.
$STEP Price Targets
Multiple analysts have issued price targets for $STEP recently. We have seen 5 analysts offer price targets for $STEP in the last 6 months, with a median target of $63.0.
Here are some recent targets:
- Chris Kotowski from Oppenheimer set a target price of $84.0 on 08/11/2025
- Benjamin Budish from Barclays set a target price of $63.0 on 08/08/2025
- John Dunn from Evercore ISI Group set a target price of $61.0 on 07/10/2025
- Alexander Blostein from Goldman Sachs set a target price of $63.0 on 05/28/2025
- Michael Cyprys from Morgan Stanley set a target price of $51.0 on 04/14/2025
Full Release
- Growth driven primarily by US, with new partnerships added across global markets, including Europe, Australia, Hong Kong, Singapore and the UK
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New lower minimums and no accreditation status reduce barriers to entry, further enhancing access in most US Evergreen funds
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StepStone Academy curriculum expands, including the addition of continuing education credits for US financial professionals
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European UCI Part II structures – launched in early February 2025 – enable ease and transparency similar to that currently available to US investors
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StepStone partnered with Goji to create a tailor-made, seamless onboarding experience for investors in several European private market evergreen funds
NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- StepStone Private Wealth Solutions (SPWS), the private wealth arm of StepStone Group (Nasdaq: STEP), a global private markets investment firm, has achieved rapid growth, reaching $10.2 billion in assets under management as of July 31, 2025. This milestone further positions StepStone as a destination for investors seeking access to private markets via its global platform.
This growth underscores a broader trend of increased allocations to private market assets by investors – particularly through evergreen, semi-liquid structures. SPWS has attracted investments from a diverse range of clients, including private banks, wealth managers and family offices. A key driver of this momentum has been the growing engagement from RIAs and strategic partnerships with leading financial intermediaries, who are actively investing across SPWS’s diverse product offerings—including private equity, venture capital, private debt and infrastructure.
"We launched SPWS with a single mission: to enable a broader range of investors and their clients’ access to high-quality private markets opportunities – just as we’ve done for the world's largest institutional investors over many years,” said StepStone Group CEO Scott Hart . “This notable growth is a testament to the SPWS team and reaffirms the strength and breadth of the StepStone platform.”
Bob Long, CEO of SPWS , added: "Our value lies not only in offering investors institutional-grade access with distinctive deal sourcing on a global scale, but in continuing to progress investor access through our simplified and transparent structures. By addressing the legacy barriers, we believe we’ve designed some of the easiest, most transparent private market wealth solutions in the market today. While we’re proud of our growth, we’re just getting started – with exciting new partnerships and offerings on the horizon.”
StepStone continues to differentiate itself through its proprietary intelligence platform (SPI by StepStone) and extensive relationships with leading deal sponsors, ranging from major global players to specialized niche managers. After recently expanding its European footprint, the firm’s global network now encompasses 29 offices.
To further support a streamlined, efficient investment experience for wealth managers and their clients in Europe, StepStone announced in July 2025 that it is utilizing Goji’s technology to improve access to several of its global private market evergreen funds, including the new SCRED ELTIF and UCI Part II structure. The firm has also lowered the investment minimum and eliminated accredited investor status for several of its wealth products in the US.
Additionally, SPWS is expanding StepStone Academy, StepStone’s education platform for financial professionals, to offer on-demand continuing education credits. This program will provide extensive resources designed to equip advisors of all experience levels with foundational private markets insights. Advisors can access videos and white papers via SPWS’s webpage .
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 June 30, 2025, StepStone was responsible for approximately $723 billion of total capital, including $199 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.
Contacts:
Shareholder Relations:
Seth Weiss
[email protected]
1-212-351-6106
US Media:
Brian Ruby / Chris Gillick / Matt Lettiero, ICR
[email protected]
1-203-682-8268
Global media:
Oliver Middleton / Julia Wright, Edelman
[email protected]
+44 (0) 7974 030610
US Investment Funds: Important Information
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the Fund prospectuses, copies of which may be obtained from StepStone Private Wealth at 704.215.4300 or by visiting stepstonepw.com. An investor should read the prospectuses carefully before investing.
Investing involves risk and principal loss is possible. The Funds should be considered speculative investments that entail substantial risks, and a prospective investor should invest in the Funds only if it can sustain a complete loss of its investment. Fund shares are illiquid and appropriate only as a long-term investment. There is no secondary market for the Funds’ Shares and the Funds expect that no secondary market will develop in the foreseeable future.
While the Funds provide transparent disclosure of structure, strategy, holdings, and financial condition, the valuation of the Funds’ investments in Private Markets Investment Funds are ordinarily determined based upon valuations provided by the Investment Managers which are subject to adjustment.
The registered US closed-end evergreen funds are distributed by Distribution Services, LLC, which is not affiliated with StepStone Group Private Wealth or any other product referenced.
