Stepstone Group LP (La Jolla)

Name: Stepstone Group LP
Address: 4275 Executive Square, La Jolla, CA, 92037
Telephone: 858-558-9700

Stepstone Group LP is a large advisory firm based in La Jolla. It manages $31.97 billion of regulatory assets for 144 client accounts. It has been registered with the SEC as an adviser since 2013.

Stepstone Group provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stepstone Group: assets under management

The assets under management (AUM) of Stepstone Group LP is $31.97 billion. The firm's AUM has grown by 236% since the beginning of its operation, and $23.54 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $27.72 billion in discretionary accounts and $4.24 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $220.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.72 million.

Stepstone Group has custody of $634.22 million in cash and securities for 144 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stepstone Group LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Ryan Mitchell serves?

The only and largest group of clients of Steven Ryan Mitchell is pooled investment vehicles with 146 clients and $31.97 billion of assets under management. Among the 7 most similar advisory firms, Stepstone Group has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $31.97 billion for 146 clients. 20% of the firm’s clients are foreign persons or businesses.

Stepstone Group also advises several private funds. Namely, one real estate fund and one hundred forty six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000,000.

Careers at Stepstone Group LP

The company employs 270 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steven Ryan Mitchell has been acting as President since 1 Apr 2007. John P Mcguinness joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Porter Keck	Trustee of thomas keck and antoinette keck trust	1 Feb 2002	Other	5319900
Monte Mack Brem	Chief executive officer, partner	1 Mar 2007	Other	4912810
Jose Agustin Fernandez	Trustee of the fernandez family trust	1 Mar 2007	Other	4915212
Deidre Alice Buddin	Trustee of the fernandez family trust	1 Mar 2007	Other	6314552
Thomas Porter Keck	Partner, director	1 Mar 2007	Other	5319900
Llc Argonaut Private Equity	Partner	1 Apr 2007	Other	33-1007874
Steven Ryan Mitchell	Director	1 Apr 2007	Other	5328228
Ronald Jay Rose	Partner	1 Sep 2007	Other	5425424
Llc Argonaut Private Holdings	Partner	1 Oct 2007	Other	86-1073635
Llc Argonaut Holdings	Partner	1 Oct 2007	Other	86-1073635
Johnny Dale Randel	Partner, chief financial officer, chief operating officer	1 Feb 2010	Other	2226857
Jason Paul Ment	Partner, general counsel, chief compliance officer	1 Oct 2010	Other	5512276
Mark Maruszewski	Partner	1 Jan 2011	Other	2613086
Robert Allen Waldo	Director	1 Jan 2011	Other	3093382
Thomas Alcott Bradley	Partner	1 Dec 2012	Other	1384718
David Timothy Jeffrey	Partner	1 Dec 2012	Other	5508360
Michael Ignatius Mccabe	Partner	1 Dec 2012	Other	6147071
Thomas Keck And Antoinette Keck Trust	Partner	1 Dec 2012	Other	xxx-xx-xxxx
James Bunker Gamett	Partner	1 Dec 2012	Other	4374373
Stepstone Group Holdings Llc	General partner	1 Jan 2013	Other	46-1706380
The Fernandez Family Trust	Partner	1 May 2013	Other	xxx-xx-xxxx
Inc. Sanford Energy	Limited partner	1 May 2019	Other	41-2175583
John P Mcguinness	Chief compliance officer	1 Jun 2019	Other	6248375

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Antoinette Marie Keck	Trustee	1 Feb 2002	Other	6148772
George Bruce Kaiser	Sole member	1 Apr 2007	75% - 100%	2163602
Jose Agustin Fernandez	Trustee	1 Jan 2008	Other	4915212
Deidre Alice Buddin	Trustee	1 Jan 2008	Other	6314552

Based in La Jolla

The principal office where Stepstone Group LP performs its advisory services is located at 4275 Executive Square, La Jolla, CA 92037, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-558-9700 or by fax 858-558-9701. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at stepstoneglobal.com.