NEW YORK, Sept. 18, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced the closing of its initial public offering of 20,125,000 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase up to 2,625,000 additional shares of Class A common stock, at a public offering price of $18.00 per share. The shares began trading on the Nasdaq Global Select Market on September 16, 2020 under the ticker symbol “STEP.”

J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley acted as joint lead book-running managers for the offering. Barclays and UBS Investment Bank acted as joint book-running managers for the offering.

About StepStone

StepStone is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. Its 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.