DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Stepstone Group LP

Asset manager (funds and pooled vehicles)La Jolla, CaliforniaCRD 143635SEC 801-68079websiteIAPD
Latest filing Jul 30, 2026
First filing on the tape Mar 29, 2012 · 38 filings
SEC status approved since Jul 27, 2007
RAUM
$108B
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
978
209 advisory (5.B.1)
Offices
9
beyond the principal office
Private funds
409
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$108B as of Jul 30, 2026
Mar 29, 2012$7.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 30, 2026
Mar 29, 20120 then
Employees (5.A)978 as of Jul 30, 2026
Mar 28, 2013102 then
Private funds409 as of Jul 30, 2026
Mar 29, 201260 then
RAUM +43% over the last fiscal year+33% a year over threeIARs 0 to 0offices 12 to 9
Practice profile
derived from the filing of Jul 30, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$262MderivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived10 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisersreportedItem 5.G
Custody
$80B, 412 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$108B100%
Individual clients
n/areported
HNW clients
14reported
Pension plan clients
20reported
Charitable clients
19reported
Accounts
412reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$80B for 412 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      200 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Stepstone H Opportunities Fund, L.P.Private Equity Fund$17B3Sep 14, 2016
      Stepstone K Strategic Opportunities Fund IV, L.P.Private Equity Fund$3.5B3Jun 30, 2021
      Stepstone Secondary Opportunities Fund V Offshore Holdings, L.P.Private Equity Fund$3.0B138Jun 29, 2023
      Stepstone K Strategic Opportunities Fund III, L.P.Private Equity Fund$2.9B3Mar 29, 2018
      Stepstone Vc Secondaries Fund V, L.P.Private Equity Fund$2.2B1,142Jun 28, 2022
      Stepstone Secondary Opportunities Fund IV Offshore Holdings, L.P.Private Equity Fund$1.9B116Jun 25, 2019
      Stepstone Vc Secondaries Fund Vi LPPrivate Equity Fund$1.6B463Jun 28, 2024
      Stepstone Vc Global Partners X-A, L.P.Private Equity Fund$1.4B465Mar 29, 2021
      Stepstone Vc Global Partners Ix-A, L.P.Venture Capital Fund$1.4B301Mar 19, 2019
      Stepstone Capital Partners V Offshore Holdings, L.P.Private Equity Fund$1.4B120Jun 28, 2022
      Stepstone Rivas Private Equity Fund, L.P.Private Equity Fund$1.3B3Mar 31, 2016
      Bridge Village LimitedPrivate Equity Fund$1.2B2Jun 25, 2020
      Stepstone Il Master, L.P.Private Equity Fund$1.1B2Mar 8, 2018
      Stepstone Capital Partners IV Offshore Holdings, L.P.Private Equity Fund$1.0B67Jun 25, 2019
      Stepstone Vc Secondaries Fund IV, L.P.Private Equity Fund$1.0B398Mar 19, 2020
      Stepstone Master G, L.P.Venture Capital Fund$967M2Mar 19, 2019
      Stepstone Lmm Opportunities Fund I, L.P.Private Equity Fund$939M4Jun 25, 2020
      Stepstone Vc Global Partners Xi-A LPPrivate Equity Fund$913M241Jun 29, 2023
      Stepstone Capital Partners V, L.P.Private Equity Fund$855M180Jun 28, 2022
      Stepstone Vc Global Partners Viii-A, L.P.Venture Capital Fund$852M250Mar 9, 2017
      Sunstone Pe Opportunities Fund LLCPrivate Equity Fund$819M2Jun 25, 2019
      Stepstone Vc Opportunities Vii, L.P.Private Equity Fund$789M230Jun 28, 2022
      Stepstone K Strategic Opportunities Fund II, L.P.Private Equity Fund$783M3Mar 31, 2015
      Stepstone P Opportunities Fund, L.P.Private Equity Fund$782M3Jun 25, 2019
      Stepstone Atlantic Fund, L.P. - Private Markets Series 2014Private Equity Fund$728M2Mar 31, 2015
      Stepstone Secondary Opportunities Fund IV Europe Holdings ScspPrivate Equity Fund$717M25Jun 25, 2019
      Stepstone Il Special, L.P.Private Equity Fund$689M2Mar 19, 2019
      Stepstone Vc Opportunities Vi, L.P.Venture Capital Fund$663M349Mar 19, 2020
      Stepstone Secondary Opportunities Fund III Offshore Holdings ScspPrivate Equity Fund$663M112Mar 31, 2016
      Silverstone Nolan Aggregator, LLCPrivate Equity Fund$634M9Jun 29, 2023
      Stepstone Amp Opportunities Fund, L.P. - Series BPrivate Equity Fund$606M2Mar 29, 2018
      Stepstone Secondary Opportunities Fund V Europe Holdings, ScspPrivate Equity Fund$603M56Jun 29, 2023
      Stepstone Vc Global Partners Vii-A, L.P.Venture Capital Fund$598M197Mar 30, 2016
      Stepstone Vc Global Partners Vi-A, L.P.Venture Capital Fund$579M158Feb 14, 2014
      Stepstone Vc Secondaries Fund III, L.P.Venture Capital Fund$579M155Mar 8, 2018
      Stepstone Vc Opportunities V, L.P.Private Equity Fund$571M307Mar 8, 2018
      Stepstone Capital Partners IV, L.P.Private Equity Fund$558M121Jun 25, 2019
      Stepstone Secondary Opportunities Fund V, L.PPrivate Equity Fund$550M170Jun 29, 2023
      Stepstone Fss Opportunities Fund, L.P. - Series BPrivate Equity Fund$531M2Jun 28, 2022
      Stepstone Bv Opportunities Fund, L.P.Private Equity Fund$522M3Jun 25, 2020
      All funds of Stepstone Group LP
      Owners and control persons
      Schedule A and B, latest filing
      • Agustin Jose Fernandez · Co-Chief Operating Officer, Partnercontrol
        since 03/2007 · owns less than 5%
      • William Scott Hart · Chief Executive Officercontrol
        since 08/2019 · owns less than 5%
      • Porter Thomas Keck · Head Of Portfolio Management, Partnercontrol
        since 02/2002 · owns less than 5%
      • Paul Jason Ment · President And Co-Chief Operating Officer, Partnercontrol
        since 10/2010 · owns less than 5%
      • Yongil David Park · Chief Financial Officercontrol
        since 01/2024 · owns less than 5%
      • Edward Bendukai Bouey · Chief Compliance Officer
        since 06/2023 · owns less than 5%
      • Yayoi Jennifer Ishiguro · Chief Legal Officer, Partner
        since 09/2019 · owns less than 5%
      Entity owners
      • Stepstone Group Holdings LLC · General Partner
        direct · owns less than 5%
      • Stepstone Group Inc. · Limited Partner
        direct · owns 50% to 75% · public reporting company
      • Stepstone Group Inc. · Sole Managing Member
        indirect · owns 75% or more of Stepstone Group Holdings LLC · public reporting company
      Related persons
      Schedule D 7.A
      • Greenspring Early Stage I Gp, L.P.
        pooled vehicle sponsorn
      • Greenspring Ff-Gp II, L.P.
        pooled vehicle sponsorn
      • Greenspring Ff-Gp II, LLC
        pooled vehicle sponsorn
      • Greenspring Ff-Gp III, LLC
        pooled vehicle sponsorn
      • Greenspring Ff-Gp IV, LLC
        pooled vehicle sponsorn
      • Greenspring Ff-Gp, L.P.
        pooled vehicle sponsorn
      • Greenspring Ff-Gp, LLC
        pooled vehicle sponsorn
      • Mourant Corporate Trustee (Jersey) Limited
        bankpooled vehicle sponsorn
      • Private Equity Portfolio G.P. Co.
        bankpooled vehicle sponsorn
      • Silverstone Cove (Gp), LLC
        bankpooled vehicle sponsorn
      • Silverstone III (Gp), LLC
        bankpooled vehicle sponsorn
      • Silverstone Nolan (Gp), LLC
        bankpooled vehicle sponsorn
      • Sra Capital (Canada) Ltd.
        investment adviserbankpooled vehicle sponsory
      • Ssg Peninsula (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone A (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Accelerate Diversity (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Aegon (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Amp (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Ap (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Atlantic (Gp), L.P.
        bankpooled vehicle sponsorn
      • Stepstone Atlas (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Atlas III (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Atlas III (Offshore) (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Az China And Asia (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Badger Secondary Opportunities Holdings (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Boulder (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Bvk (Gp), S.A R.L.
        bankpooled vehicle sponsorn
      • Stepstone Capital III (Gp), LLC
        bankpooled vehicle sponsorn
      • Stepstone Capital IV (Gp) S.A R.L.
        bankpooled vehicle sponsorn
      • Stepstone Capital IV (Gp), LLC
        bankpooled vehicle sponsorn
      Advisers that list Stepstone Group LP as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Owings Mills, MD61 employees
      • New York, NY42 employees
      • London, United Kingdom20 employees
      • Beijing, China12 employees
      • Singapore, Singapore4 employees
      • Mexico City, Mexico1 employees
      • Palo Alto, CA1 employees
      • Rome, Italy1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • many private funds relative to firm sizeStatic outlier · filing Jul 30, 2026
        private funds per $1B of RAUM of 3.8 against a peer median of 0.7 (308 comparable advisers, 99.0th percentile, 3.3 robust deviations)
        peers: asset managers, $20B and over (308) · 99% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 363 to 412
        Jul 21, 2025 to Jun 29, 2026
      • Advisory employees · 193 to 209
        Jul 21, 2025 to Jun 29, 2026
      • Advisory activities · 4 to 5
        Jul 21, 2025 to Jun 29, 2026
      • Charity clients · 20 to 19
        Jul 21, 2025 to Jun 29, 2026
      • Corporate clients · 5 to 3
        Jul 21, 2025 to Jun 29, 2026
      • Pooled vehicle clients · 365 to 413
        Jul 21, 2025 to Jun 29, 2026
      • Assets in custody · $67B to $80B
        Jul 21, 2025 to Jun 29, 2026
      • Employees · 801 to 978
        Jul 21, 2025 to Jun 29, 2026
      • Other offices · 10 to 9
        Jul 21, 2025 to Jun 29, 2026
      • Private funds · 363 to 409
        Jul 21, 2025 to Jun 29, 2026
      • Discretionary RAUM · $87B to $95B
        Jul 21, 2025 to Jun 29, 2026
      • Non-discretionary RAUM · $8.7B to $12B
        Jul 21, 2025 to Jun 29, 2026
      • Pooled vehicle RAUM · $96B to $108B
        Jul 21, 2025 to Jun 29, 2026
      • RAUM · $96B to $108B
        Jul 21, 2025 to Jun 29, 2026
      • Financial planning clients · unset to
        Jun 29, 2025 to Jul 21, 2025
      • Accounts · 337 to 363
        Jul 30, 2024 to Jun 29, 2025
      • Advisory employees · 164 to 193
        Jul 30, 2024 to Jun 29, 2025
      • Charity clients · 14 to 20
        Jul 30, 2024 to Jun 29, 2025
      • Corporate clients · 6 to 5
        Jul 30, 2024 to Jun 29, 2025
      • HNW clients · 15 to 14
        Jul 30, 2024 to Jun 29, 2025
      • Pension plan clients · 17 to 20
        Jul 30, 2024 to Jun 29, 2025
      • Pooled vehicle clients · 338 to 365
        Jul 30, 2024 to Jun 29, 2025
      • Assets in custody · $60B to $67B
        Jul 30, 2024 to Jun 29, 2025
      • Employees · 689 to 801
        Jul 30, 2024 to Jun 29, 2025
      • Other offices · 9 to 10
        Jul 30, 2024 to Jun 29, 2025
      • Private funds · 333 to 363
        Jul 30, 2024 to Jun 29, 2025
      • Discretionary RAUM · $77B to $87B
        Jul 30, 2024 to Jun 29, 2025
      • Non-discretionary RAUM · $8.6B to $8.7B
        Jul 30, 2024 to Jun 29, 2025
      • Pooled vehicle RAUM · $86B to $96B
        Jul 30, 2024 to Jun 29, 2025
      • RAUM · $86B to $96B
        Jul 30, 2024 to Jun 29, 2025
      • Accounts · 308 to 337
        Jan 25, 2024 to Jun 28, 2024
      • Advisory employees · 166 to 164
        Jan 25, 2024 to Jun 28, 2024
      • Charity clients · 11 to 14
        Jan 25, 2024 to Jun 28, 2024
      • Corporate clients · 3 to 6
        Jan 25, 2024 to Jun 28, 2024
      • HNW clients · 12 to 15
        Jan 25, 2024 to Jun 28, 2024
      • Pension plan clients · 20 to 17
        Jan 25, 2024 to Jun 28, 2024
      • Pooled vehicle clients · 309 to 338
        Jan 25, 2024 to Jun 28, 2024
      • Assets in custody · $53B to $60B
        Jan 25, 2024 to Jun 28, 2024
      • Employees · 585 to 689
        Jan 25, 2024 to Jun 28, 2024
      • Other offices · 12 to 9
        Jan 25, 2024 to Jun 28, 2024
      Signals
      12 dated events
      • Mack Monte Brem (Executive Chairman) no longer on Schedule A of Stepstone Group Lp (listed 2024-01-25, absent 2024-06-28)
        Jun 28, 2024 · Control person left · inference
      • David Park (Chief Financial Officer) appeared on Schedule A of Stepstone Group Lp
        Jan 18, 2024 · Control person joined · fact
      • Dale Johnny Randel (Chief Financial Officer, Partner) no longer on Schedule A of Stepstone Group Lp (listed 2023-09-11, absent 2024-01-18)
        Jan 18, 2024 · Control person left · inference
      • Stepstone Group Lp reported RAUM $79.1B, up 72% from $46.0B (2021-10-20 to 2022-06-28)
        Jun 28, 2022 · RAUM change · derived
      • Alcott Thomas Bradley (Partner) no longer on Schedule A of Stepstone Group Lp (listed 2020-06-25, absent 2020-10-12)
        Oct 12, 2020 · Control person left · inference
      • Mark Maruszewski (Partner) no longer on Schedule A of Stepstone Group Lp (listed 2020-06-25, absent 2020-10-12)
        Oct 12, 2020 · Control person left · inference
      • Timothy David Jeffrey (Partner) no longer on Schedule A of Stepstone Group Lp (listed 2020-06-25, absent 2020-10-12)
        Oct 12, 2020 · Control person left · inference
      • Ignatius Michael Mccabe (Partner) no longer on Schedule A of Stepstone Group Lp (listed 2020-06-25, absent 2020-10-12)
        Oct 12, 2020 · Control person left · inference
      • Marie Antoinette Keck (Trustee) no longer on Schedule A of Stepstone Group Lp (listed 2020-06-25, absent 2020-10-12)
        Oct 12, 2020 · Control person left · inference
      • William Scott Hart (Co-Chief Executive Officer, Partner) appeared on Schedule A of Stepstone Group Lp
        Jun 25, 2020 · Control person joined · fact
      • Jay Ronald Rose (Partner) no longer on Schedule A of Stepstone Group Lp (listed 2018-04-17, absent 2019-06-25)
        Jun 25, 2019 · Control person left · inference
      • Stepstone Group Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Jan 8, 2013 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/stepstone-groupreportedpublic record, Form ADV, Sep 17, 2026
      Firm profile
      linkedin.com/company/stepstone-private-wealthreportedpublic record, Form ADV, Sep 17, 2026
      Website
      stepstonepw.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      858-558-9700reportedpublic record, Form ADV, Jul 30, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Stepstone Group LP is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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