StepStone announces pricing of secondary offering Page 1

NEW YORK, Sept. 9, 2024 (GLOBE NEWSWIRE) — StepStone Group Inc. (“StepStone”) today announced the pricing of its previously announced underwritten offering of 4,099,997 shares of StepStone’s Class A common stock, at a price of $50.00 per share (before underwriting discounts and commissions) (the “Offering”). The Offering is expected to close on September 11, 2024, subject to the satisfaction of customary closing conditions.

StepStone intends to use all of the net proceeds of 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 the exchange of Class B units (together with an equal number of shares of StepStone’s Class B common stock) and Class C units, if any, by certain holders thereof. As a result, StepStone will not retain any net proceeds of the offering and StepStone expects that the offering will not result in any dilution to existing shareholders.