STEPSTONE GROUP LP

CRD 143635File 801-68079

APPROVED

Retail clients

Custody

Filing as of Jul 30, 2026

Feed vintage Oct 1, 2026

Regulatory AUM

$107.82B

Top 10% of cohort (national)

Discretionary AUM

$95.35B

Non-discretionary $12.48B

Clients

561

412 accounts

Employees

978

Top 10% of cohort in CA

Identity & registration

ADV Item 1

Organization form: Limited Partnership
Firm type: Registered
SEC region: LARO
Registration date: Jul 27, 2007
Principal office: 4225 EXECUTIVE SQUARE, SUITE 1600, LA JOLLA, CA, 92037
Phone: 858-558-9700
Website: https://www.stepstonepw.com/

Assets & accounts

ADV Item 5F

Total regulatory AUM: $107.82B
Discretionary AUM: $95.35B
Non-discretionary AUM: $12.48B
Discretionary accounts: 365
Non-discretionary accounts: 47
Total accounts: 412
AUM per client: $192.2M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	Fewer than 5	Not reported
Non-U.S. persons	Fewer than 5	Not reported
Insurance companies	13	Not reported
Investment companies	18	Not reported
Charitable organizations	19	Not reported
Other investment advisers	28	Not reported
High net worth individuals	14	Not reported
Pooled investment vehicles	413	$107.82B
Banking or thrift institutions	9	Not reported
Pension and profit sharing plans	20	Not reported
State or municipal government entities	20	Not reported

Compensation & activities

ADV Items 5E, 5G

Compensation

Fixed fees
Performance-based fees
A percentage of assets under your management

Advisory activities

Selection of other advisers
Portfolio management for other
Portfolio management for businesses
Portfolio management for investment companies
Portfolio management for pooled investment vehicles

Custody

ADV Item 9

Firm Custody Cash: Yes
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: Yes
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To	Change
Jul 1, 2026	Employees	801	978	increased by177
Jul 1, 2026	Clients	503	561	increased by58
Jul 1, 2026	AUM	$95,634,838,287	$107,824,428,426	increased by$12,189,590,139
Jul 1, 2026	Accounts	363	412	increased by49
Dec 1, 2025 vs May 1, 2025	Employees	689	801	increased by112
Dec 1, 2025 vs May 1, 2025	Clients	452	503	increased by51
Dec 1, 2025 vs May 1, 2025	AUM	$85,687,398,665	$95,634,838,287	increased by$9,947,439,622
Dec 1, 2025 vs May 1, 2025	Accounts	337	363	increased by26
May 1, 2025 vs Oct 1, 2022	Employees	481	689	increased by208
May 1, 2025 vs Oct 1, 2022	Clients	277	452	increased by175
May 1, 2025 vs Oct 1, 2022	AUM	$79,124,514,125	$85,687,398,665	increased by$6,562,884,540
May 1, 2025 vs Oct 1, 2022	Accounts	277	337	increased by60
Jul 1, 2022	Employees	350	481	increased by131
Jul 1, 2022	Clients	274	277	increased by3
Jul 1, 2022	AUM	$46,035,036,549	$79,124,514,125	increased by$33,089,477,576

On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.

See plans that list “STEPSTONE GROUP” as a service provider on 5500mcp →

Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“STEPSTONE GROUP” may also match similarly-named firms). Confirm identity against each filing.

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.