StepStone announces secondary offering Page 1

NEW YORK, Sept. 9, 2024 (GLOBE NEWSWIRE) — StepStone Group Inc. (“StepStone”) today announced that it intends to offer for sale 4,099,997 shares of StepStone’s Class A common stock in an underwritten offering (the “Offering”).

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 result in no dilution to existing shareholders.