{
  "crd_number": 143635,
  "slug": "stepstone-group-lp-la-jolla-ca-143635",
  "primary_business_name": "STEPSTONE GROUP LP",
  "legal_name": "STEPSTONE GROUP LP",
  "dbas": [],
  "city": "La Jolla",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41740",
  "metro": {
    "cbsa_code": "41740",
    "common_name": "San Diego",
    "msa_name": "San Diego-Chula Vista-Carlsbad, CA",
    "path": "/advisors/ca/san-diego"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-07-27",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-07-30",
  "carried_forward": false,
  "raum_total": 107824428426.0,
  "raum_discretionary": 95348232878.0,
  "raum_non_discretionary": 12476195548.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 978,
  "advisory_employees": 209,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": null,
      "count": 19
    },
    "banking_thrift": {
      "raum": null,
      "count": 9
    },
    "state_municipal": {
      "raum": null,
      "count": 20
    },
    "insurance_companies": {
      "raum": null,
      "count": 13
    },
    "investment_companies": {
      "raum": null,
      "count": 18
    },
    "pension_profit_sharing": {
      "raum": null,
      "count": 20
    },
    "other_investment_advisers": {
      "raum": null,
      "count": 28
    },
    "high_net_worth_individuals": {
      "raum": null,
      "count": 14
    },
    "pooled_investment_vehicles": {
      "raum": 107824428426.0,
      "count": 413
    },
    "corporations_other_businesses": {
      "raum": null,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": 4,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://facebook.com/profile.php?id=100079815617536",
    "https://instagram.com/stepstonegroup",
    "https://instagram.com/stepstonevc",
    "https://linkedin.com/company/stepstone-group",
    "https://linkedin.com/company/stepstone-private-wealth",
    "https://spi.stepstonegroup.com",
    "https://stepstonegroup.com",
    "https://stepstonepw.com",
    "https://vimeo.com/stepstonegroup",
    "https://x.com/StepStoneVC",
    "https://x.com/stepstonegroup",
    "https://youtube.com/@stepstonegroup_STEP"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143635",
  "city_as_filed": "LA JOLLA",
  "url": "https://advisorcensus.com/firm/stepstone-group-lp-la-jolla-ca-143635",
  "display_name": "Stepstone Group LP",
  "summary": "Stepstone Group LP is an SEC-registered investment advisory firm in La Jolla, CA, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.",
  "citation": "AdvisorCensus. Stepstone Group LP (CRD 143635): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Stepstone Group LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Stepstone Group LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Stepstone Group LP located?",
      "a": "Stepstone Group LP's principal office is in La Jolla, CA, according to its Form ADV; the August 2026 filing also lists 9 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Stepstone Group LP registered with the SEC or a state?",
      "a": "Stepstone Group LP is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143635."
    },
    {
      "q": "How much does Stepstone Group LP manage?",
      "a": "Stepstone Group LP reports $107,824,428,426 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (88% discretionary)."
    },
    {
      "q": "How have Stepstone Group LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Stepstone Group LP: Regulatory assets under management: $46,035,036,549 in the October 2021 data and $107,824,428,426 in the October 2026 data, up 134%. Total employees: 350 in October 2021 and 978 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Stepstone Group LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (413); other investment advisers (28); pension and profit sharing plans (but not the plan participants or government pension plans) (20)."
    },
    {
      "q": "Does Stepstone Group LP report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143635"
    },
    {
      "q": "What changed in Stepstone Group LP's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 193 to 209. Regulatory assets under management went from $95,634,838,287 to $107,824,428,426 (+13%). No longer lists an office in La Jolla, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 46035036549.0,
      "total_employees": 350,
      "filing_date": "2021-06-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 79124514125.0,
      "total_employees": 481,
      "filing_date": "2022-06-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 75405865130.0,
      "total_employees": 585,
      "filing_date": "2023-09-11"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 85687398665.0,
      "total_employees": 689,
      "filing_date": "2024-07-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 95634838287.0,
      "total_employees": 801,
      "filing_date": "2025-07-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 107824428426.0,
      "total_employees": 978,
      "filing_date": "2026-07-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 193 to 209.",
        "Regulatory assets under management went from $95,634,838,287 to $107,824,428,426 (+13%).",
        "No longer lists an office in La Jolla, CA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/stepstone-group-lp-la-jolla-ca-143635.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 14,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 9,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 18,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 413,
      "fewer_than_5": false,
      "raum": 107824428426.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 20,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 19,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 20,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 28,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 13,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 4,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": null
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143635",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}