StepStone Group (STEP) Files for 4.1M Share Secondary Offering

StepStone Group Inc. (NASDAQ: STEP) today announced that it intends to offer for sale in an underwritten offering 4,099,997 shares of StepStone’s Class A common stock (the “Offering”).

StepStone intends to use all of the net proceeds from the Offering, after underwriting discounts and commissions and expenses, to purchase shares of Class A common stock from certain holders thereof and to pay cash upon exchange of Class B units (together with an equal number of shares of Class B common stock of StepStone) and Class C units, as applicable, by certain holders thereof. As a result, StepStone will not retain any net proceeds from the Offering, and StepStone expects the Offering will result in no dilution to existing stockholders.

Goldman Sachs & Co. LLC is acting as sole book-running manager for the proposed Offering.

StepStone has an effective registration statement (including a base prospectus) on file with the Securities and Exchange Commission (the “SEC”) and a preliminary prospectus supplement for the Offering will be made available. Before you invest, you should read the prospectus in that registration statement and the related preliminary prospectus supplement and other documents that StepStone has filed and will file with the SEC for more complete information about StepStone and the proposed Offering. You may obtain these documents for free by visiting the SEC’s EDGAR website at www.sec.gov. Alternately, copies of the preliminary prospectus supplement and base prospectus related to the Offering may be obtained from:

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