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Business Combinations (Tables) | 12 Months Ended
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Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract] |
Aggregate Purchase Price and Estimated Fair Values of Assets Acquired and Liabilities Assumed | The aggregate purchase price for the acquisition of Greenspring and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date were as follows:
Acquisition date fair value of consideration transferred: |
Cash consideration | $ | 186,577 |
Class A common stock | 558,598 |
Class C units of the Partnership | 135,239 |
Contingent consideration | 17,769 |
Total purchase price | $ | 898,183 |
Estimated fair value of assets acquired and liabilities assumed: |
Cash and short-term receivables | $ | 5,725 |
Legacy Greenspring investments in funds and accrued carried interest allocations(1) | 1,203,299 |
Lease right-of-use assets, net | 2,585 |
Other assets and receivables | 2,146 |
Finite-lived intangible assets—contractual rights: management contracts | 310,944 |
Finite-lived intangible assets—client relationships | 96,650 |
Finite-lived intangible assets—contractual rights: service agreements | 9,537 |
Goodwill | 573,750 |
Deferred income taxes | (95,884) |
Accrued expenses and other liabilities | (4,685) |
Legacy Greenspring accrued carried interest-related compensation(1) | (1,045,157) |
Lease liabilities | (2,585) |
Non-controlling interests in legacy Greenspring entities(1) | (158,142) |
Total | $ | 898,183 |
_______________________________ (1)Represents investments in funds and carried interest allocations attributable to consolidated VIEs for which the Company did not acquire any direct economic interests. Such amounts are attributable to employees and therefore have been reflected as non-controlling interests in legacy Greenspring entities and legacy Greenspring accrued carried interest-related compensation, respectively.
Pro Forma Effect | The following supplemental unaudited pro forma information assumes the Greenspring acquisition, as well as the Reorganization and IPO, had been consummated as of April 1, 2020:
| Year Ended March 31,
| 2022 |  |
Revenues | $ | 1,866,986 |  |  |
Net income attributable to StepStone Group Inc. | 168,653 |  |  |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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