STEP · StepStone Group
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The loss came from a change in the estimated value of StepStone’s Private Wealth team buy-in, not weaker fee income. Even without fees from earlier periods, its main fee income rose 33%.
StepStone Group shares what happened during their earnings call for the first quarter of 2027.
Good for STEP
StepStone's income from fees rose 30%, despite a $116 million reported loss caused by a change in the estimated value of its Private Wealth team buy-in. Stronger core fee income, $10 billion in inflows, and higher adjusted income point to a growing business.
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