StepStone Group Completes Third Exchange, Acquires 5% More of Asset Entities

StepStone Group Inc. and StepStone Group LP completed the third exchange on May 29, 2026, as part of previously announced transactions to acquire equity interests in StepStone Group Real Estate LP, StepStone Group Real Assets LP, and StepStone Group Private Debt AG. This exchange involved acquiring approximately 5% of each Asset Class Entity, bringing the Partnership's total ownership to about 65% in each entity. The consideration included approximately $10 million in cash, 972,685 shares of Class A Common Stock, and 2,438,273 Class D Units, issued under Section 4(a)(2) of the Securities Act.