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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Mar. 31, 2021
Assets    
Cash and cash equivalents $ 175,015 $ 179,886
Restricted cash 1,016 3,977
Fees and accounts receivable 34,264 32,096
Due from affiliates 10,236 7,474
Investments:    
Investments in funds 90,325 74,379
Accrued carried interest allocations 1,215,919 896,523
Legacy Greenspring investments in funds and accrued carried interest allocations [1] 1,208,693 0
Deferred income tax assets 678 89,439
Lease right-of-use assets, net 65,476 0
Other assets and receivables 26,760 24,715
Intangibles, net 420,132 5,491
Goodwill 582,973 6,792
Total assets 3,831,487 1,320,772
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 69,197 47,723
Accrued compensation and benefits 65,492 34,224
Accrued carried interest-related compensation 638,754 465,610
Legacy Greenspring accrued carried interest-related compensation [1] 989,607 0
Due to affiliates 148,234 113,522
Lease liabilities 75,806 0
Debt obligations 112,644 0
Total liabilities 2,099,734 661,079
Commitments and contingencies (Note 15)
Additional paid-in capital 525,118 188,751
Retained earnings 158,131 60,407
Accumulated other comprehensive income 268 155
Total StepStone Group Inc. stockholders' equity 683,626 249,408
Total stockholders’ equity 1,731,753 659,693
Total liabilities and stockholders’ equity 3,831,487 1,320,772
Subsidiaries    
Liabilities and stockholders’ equity    
Non-controlling interests 24,558 25,885
Legacy Entities    
Liabilities and stockholders’ equity    
Non-controlling interests [1] 219,086 0
Partnership    
Liabilities and stockholders’ equity    
Non-controlling interests 804,483 384,400
Variable Interest Entity, Primary Beneficiary    
Assets    
Cash and cash equivalents 18,674 16,833
Restricted cash 1,016 1,074
Fees and accounts receivable 27,829 25,282
Due from affiliates 3,045 3,467
Investments:    
Investments in funds 16,216 13,658
Legacy Greenspring investments in funds and accrued carried interest allocations [1] 1,208,693 0
Deferred income tax assets 678 671
Lease right-of-use assets, net 18,424 0
Other assets and receivables 3,551 4,340
Total assets 1,298,126 65,325
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 9,395 10,370
Accrued compensation and benefits 24,309 14,705
Legacy Greenspring accrued carried interest-related compensation [1] 989,607 0
Due to affiliates 1,059 1,854
Lease liabilities 18,536 0
Total liabilities 1,042,906 26,929
Class A Common Stock    
Liabilities and stockholders’ equity    
Common stock 56 38
Class B Common Stock    
Liabilities and stockholders’ equity    
Common stock $ 53 $ 57
[1] Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests. See notes 5 and 14 for more information.