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Hot Stocks
Stepstone Real Estate makes investment in Anchor Health Properties » 10:34
09/26/22
09/26
10:34
09/26/22
10:34
STEP

Stepstone Group

$26.21 /

+0.39 (+1.51%)

StepStone Real Estate has…

StepStone Real Estate has made a significant strategic equity investment in Anchor Health Properties. The investment was made through a separate account managed by SRE on behalf of a large international pension fund client. Anchor intends to utilize the investment to fund future platform growth, as well as to enhance its balance sheet and credit reserves. Anchor Health Properties continues to be the majority owner and managing member of the operating platform.

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STEP Stepstone Group
$26.21 /

+0.39 (+1.51%)

STEP Stepstone Group
$26.21 /

+0.39 (+1.51%)

09/07/22 BofA
Stepstone Group initiated with a Buy at BofA
09/07/22 BofA
Stepstone Group initiated with a Buy at BofA
08/31/22 Barclays
Stepstone Group initiated with an Equal Weight at Barclays
07/19/22 Morgan Stanley
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley
  • 16
    Nov
Over a week ago
Initiation
Stepstone Group initiated with a Buy at BofA » 07:04
09/07/22
09/07
07:04
09/07/22
07:04
STEP

Stepstone Group

$27.08 /

+0.395 (+1.48%)

BofA analyst Samantha…

BofA analyst Samantha Platt initiated coverage of Stepstone Group with a Buy rating and $42 price target. Despite the stock's recent underperformance, Platt believes Stepstone is well-positioned to take advantage of secular trends, including international clients increasing allocations to Alts, secondaries and retail, the analyst tells investors in a research note. The analyst feels the market is underappreciating Stepstone's retail opportunity over the next five years.

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STEP Stepstone Group
$27.08 /

+0.395 (+1.48%)

STEP Stepstone Group
$27.08 /

+0.395 (+1.48%)

09/07/22 BofA
Stepstone Group initiated with a Buy at BofA
08/31/22 Barclays
Stepstone Group initiated with an Equal Weight at Barclays
07/19/22 Morgan Stanley
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley
06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
  • 16
    Nov
Initiation
Stepstone Group initiated with a Buy at BofA » 06:52
09/07/22
09/07
06:52
09/07/22
06:52
STEP

Stepstone Group

$27.08 /

+0.395 (+1.48%)

BofA analyst Samantha…

BofA analyst Samantha Platt initiated coverage of Stepstone Group with a Buy rating and $42 price target.

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STEP Stepstone Group
$27.08 /

+0.395 (+1.48%)

STEP Stepstone Group
$27.08 /

+0.395 (+1.48%)

08/31/22 Barclays
Stepstone Group initiated with an Equal Weight at Barclays
07/19/22 Morgan Stanley
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley
06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
  • 16
    Nov
Initiation
Stepstone Group initiated with an Equal Weight at Barclays » 05:58
08/31/22
08/31
05:58
08/31/22
05:58
STEP

Stepstone Group

$27.28 /

-0.03 (-0.11%)

Barclays analyst Benjamin…

Barclays analyst Benjamin Budish initiated coverage of Stepstone Group with an Equal Weight rating and $33 price target. The analyst started the brokers, asset managers and exchange space with a Positive view. Budish sees the strongest secular trends in the alternative asset management space, where he thinks institutional and retail allocations remain low and the business models work well in all environments. The brokers, in contrast, are much more macro driven, "though at the moment we should see improving margins and growth from higher rates," Budish tells investors in a research note. In addition, he thinks crypto "could still be at the very beginning of a multi-decade transformation in IT and financial services," but finds the near-term outlook to be more challenging.

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STEP Stepstone Group
$27.28 /

-0.03 (-0.11%)

STEP Stepstone Group
$27.28 /

-0.03 (-0.11%)

07/19/22 Morgan Stanley
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley
06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
  • 16
    Nov
Over a month ago
Hot Stocks
Conversus StepStone Private Venture and Growth Fund launches » 08:31
08/11/22
08/11
08:31
08/11/22
08:31
STEP

Stepstone Group

$28.81 /

+1.3 (+4.73%)

Conversus announced the…

Conversus announced the launch of Conversus StepStone Private Venture and Growth. CSPRING has begun accepting subscriptions and expects to hold its first closing over the next several months CSPRING offers individual investors and smaller institutions exposure to venture capital and growth equity in a single investment. As an open architecture solution, CSPRING's portfolio seeks broad diversification across underlying managers, investment stages, and sectors of the innovation economy. CSPRING will predominantly purchase venture and growth equity fund interests on the secondary market with shorter expected durations to liquidity, as well as later stage direct investments and limited seasoned primary investments. CSPRING will leverage StepStone's venture capital and growth equity platform, scale, and relationships to gain access to historically top-tier managers and their individual companies deemed most attractive. StepStone will invest CSPRING's capital alongside its institutional clients.

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STEP Stepstone Group
$28.81 /

+1.3 (+4.73%)

STEP Stepstone Group
$28.81 /

+1.3 (+4.73%)

07/19/22 Morgan Stanley
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley
06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
  • 16
    Nov
Hot Stocks
Stepstone Group closes fifth co-investment fund » 07:26
08/08/22
08/08
07:26
08/08/22
07:26
STEP

Stepstone Group

$28.01 /

-0.845 (-2.93%)

StepStone Group announced…

StepStone Group announced the final closing of StepStone Capital Partners Fund V its fifth dedicated co-investment fund, raising $2.36 billion of commitments. Through SCP V, StepStone seeks to build a diversified portfolio of co-investments alongside leading private equity firms, in select transactions according to their areas of expertise. The Fund will invest in Buyout, Growth Equity, and Recapitalization transactions across a diverse set of managers, geographies, industries, vintage years, and sizes. A diverse group of sophisticated limited partners from around the world comprises the Fund's investor base.

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STEP Stepstone Group
$28.01 /

-0.845 (-2.93%)

STEP Stepstone Group
$28.01 /

-0.845 (-2.93%)

07/19/22 Morgan Stanley
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley
06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
  • 16
    Nov
Downgrade
Stepstone Group downgraded to Equal Weight from Overweight at Morgan Stanley » 05:25
07/19/22
07/19
05:25
07/19/22
05:25
STEP

Stepstone Group

$23.98 /

-0.25 (-1.03%)

Morgan Stanley analyst…

Morgan Stanley analyst Michael Cyprys downgraded Stepstone Group to Equal Weight from Overweight with a price target of $30, down from $46. The analyst trimmed exposure to alternative asset managers due to rising recession risk and prefers "highly diversified" names with exposure to real assets. Though Stepstone has credit, real estate and infrastructure platforms, private equity constitutes over 50% of its fee-earning assets under management and account for 95% of carry receivable and performance fees, Cyprys tells investors in a research note.

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STEP Stepstone Group
$23.98 /

-0.25 (-1.03%)

STEP Stepstone Group
$23.98 /

-0.25 (-1.03%)

06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
08/31/21 Oppenheimer
GCM Grosvenor initiated with an Outperform at Oppenheimer
  • 16
    Nov
Over a quarter ago
Hot Stocks
Stepstone Real Estate, Blue Vista form student housing co-investment partnership » 12:18
06/22/22
06/22
12:18
06/22/22
12:18
STEP

Stepstone Group

$26.34 /

+0.04 (+0.15%)

Blue Vista Capital…

Blue Vista Capital Management and StepStone Real Estate announced a $90M co-investment partnership to invest in purpose-built student housing. The partnership's first transaction is a new development project at Georgia Tech, Theory Interlock. The co-investment is being executed as part of Blue Vista's value-add student housing strategy to pursue development and acquisitions at top-tier universities which can be repositioned to core buyers. Theory Interlock is part of the second phase of development at The Interlock, a mixed-use community in West Midtown Atlanta, which includes 200,000 square feet of technology-focused office space, 105,000 square feet for retail and restaurant space, 349 luxury apartments and 18 townhomes, 70 single family homes and the 161-room Bellyard, a Tribute Portfolio Hotel. Theory Interlock will connect to the buildings which were recently opened as part of the initial phase of development. The project is being developed with master developer SJ Collins Enterprises and Blue Vista affiliate student housing management company PeakMade Real Estate.

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STEP Stepstone Group
$26.34 /

+0.04 (+0.15%)

STEP Stepstone Group
$26.34 /

+0.04 (+0.15%)

06/10/22 JPMorgan
Stepstone Group price target lowered to $38 from $42 at JPMorgan
12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
08/31/21 Oppenheimer
GCM Grosvenor initiated with an Outperform at Oppenheimer
  • 16
    Nov
Recommendations
Stepstone Group price target lowered to $38 from $42 at JPMorgan » 07:51
06/10/22
06/10
07:51
06/10/22
07:51
STEP

Stepstone Group

$28.05 /

+0.07 (+0.25%)

JPMorgan analyst Kenneth…

JPMorgan analyst Kenneth Worthington lowered the firm's price target on Stepstone Group to $38 from $42 and keeps a Neutral rating on the shares following a review of the company's quarterly results.

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STEP Stepstone Group
$28.05 /

+0.07 (+0.25%)

STEP Stepstone Group
$28.05 /

+0.07 (+0.25%)

12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
08/31/21 Oppenheimer
GCM Grosvenor initiated with an Outperform at Oppenheimer
  • 16
    Nov
Hot Stocks
Multiverse raises $220M in Series D funding round » 06:03
06/08/22
06/08
06:03
06/08/22
06:03
STEP

Stepstone Group

$28.54 /

+0.47 (+1.67%)

Multiverse has closed a…

Multiverse has closed a $220 million Series D funding round at a post-money valuation of $1.7 billion, doubling its valuation from eight months ago. The latest round was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst. The funding will be used to accelerate US expansion and broaden the range of learning programs, creating more routes to career progression for apprentices and helping organizations close digital skills gaps across their workforce. Founders Circle Capital and existing investors Audacious Ventures, BOND, D1 Capital Partners, GV and Index Ventures also participated in the round, bringing total funding to over $400 million.

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STEP Stepstone Group
$28.54 /

+0.47 (+1.67%)

STEP Stepstone Group
$28.54 /

+0.47 (+1.67%)

12/22/21 Evercore ISI
Evercore ISI starts Stepstone Group at Outperform with $48 price target
12/22/21 Evercore ISI
Stepstone Group initiated with an Outperform at Evercore ISI
08/31/21 Oppenheimer
GCM Grosvenor initiated with an Outperform at Oppenheimer
  • 16
    Nov

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