Public HTML RI reports - PRI reporting framework 2019

Select the services and funds you offer	% of asset under management (AUM) in ranges
Fund management	0% <10% 10-50% >50%
Fund of funds, manager of managers, sub-advised products	0% <10% 10-50% >50%
Other	0% <10% 10-50% >50%
Total 100%

Further options (may be selected in addition to the above)

Hedge funds

Fund of hedge funds

01.2. Additional information. [Optional]

StepStone is a global private markets firm overseeing more than US$265 billion of private capital allocations, including approximately US$51 billion of assets under management. The remaining US$214 billion represents allocations on which we advise our clients but over which we do not have discretion. The Firm provides comprehensive coverage of private markets (Private Equity, Private Debt, Real Estate, Infrastructure and Real Assets and Hedge Funds) and creates customized portfolios for many of the world's most sophisticated investors using a highly disciplined, research-focused approach that prudently integrates primary investments, secondaries and co-investments.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

400 FTE

02.4. Additional information. [Optional]

StepStone employs over 400 professionals across its eighteen offices in Beijing, Cleveland, Dublin, Hong Kong, La Jolla, Lima, London, Luxembourg, New York, Perth, Rome, San Francisco, São Paulo, Seoul, Sydney, Tokyo, Toronto, and Zurich. The Firm leverages the experience and perspective of the entire StepStone team to drive superior decision making and risk management.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/9/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

Not applicable as we are in the fund-raising process

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

Not applicable as we do not have any assets under execution and/or advisory approach

04.5. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	0 0	0 0
Fixed income	0 0	0 0
Private equity	10-50% 29.9	10-50% 32.7
Property	<10% 2.7	<10% 7.4
Infrastructure	<10% 9.8	<10% 4.5
Commodities	0 0	0 0
Hedge funds	0 0	<10% 0.6
Fund of hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	0 0	0 0
Money market instruments	0 0	0 0
Other (1), specify	<10% 0.1	10-50% 12.3
Other (2), specify	0 0	0 0

'Other (1)' specified

          Private Debt

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

Yes

06.5. Indicate whether your organisation uses fiduciary managers.

Yes, we use a fiduciary manager and our response to OO 5.1 is reflective of their management of our assets.

No, we do not use fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

Our internally managed assets include commingled funds and separately managed accounts that consist of co-investments in private equity, real estate and infrastructure and to a lesser extent, direct investments in infrastructure and real estate. Our externally managed assets include commingled funds and separately managed accounts that consist of primary fund investments and secondary fund transactions across private equity, real estate, infrastructure and private credit.

OO 07. Fixed income AUM breakdown (Not Applicable)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

96.31 Developed Markets

3.45 Emerging Markets

0.24 Frontier Markets

0 Other Markets

Total 100% 100%

09.2. Additional information. [Optional]

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