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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Assets    
Restricted cash $ 735 $ 718
Fees and accounts receivable 58,334 56,769
Due from affiliates 100,277 67,531
Investments:    
Investments in funds 145,519 135,043
Accrued carried interest allocations 1,328,853 1,354,051
Legacy Greenspring investments in funds and accrued carried interest allocations [1] 617,539 631,197
Deferred income tax assets 195,417 184,512
Lease right-of-use assets, net 95,374 97,763
Intangibles, net 294,623 304,873
Goodwill 580,542 580,542
Total assets 3,834,354 3,788,807
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 132,380 127,417
Accrued compensation and benefits 124,973 101,481
Accrued carried interest-related compensation 652,123 719,497
Legacy Greenspring accrued carried interest-related compensation [1] 470,003 484,154
Due to affiliates 223,471 212,918
Lease liabilities 118,068 119,739
Debt obligations 172,118 148,822
Total liabilities 1,894,893 1,915,673
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Additional paid-in capital 363,529 310,293
Retained earnings 2,995 13,768
Accumulated other comprehensive income 297 304
Total StepStone Group Inc. stockholders’ equity 366,935 324,476
Total stockholders’ equity 1,790,983 1,654,591
Total liabilities and stockholders’ equity 3,834,354 3,788,807
Consolidated Funds    
Assets    
Cash and cash equivalents 53,802 38,164
Investments:    
Other assets and receivables 2,048 1,745
Investments, at fair value 158,222 131,858
Liabilities and stockholders’ equity    
Other liabilities 1,757 1,645
Excluding Consolidated Funds    
Assets    
Cash and cash equivalents 141,633 143,430
Investments:    
Other assets and receivables 61,436 60,611
Non-Controlling Interests in Subsidiaries    
Liabilities and stockholders’ equity    
Redeemable non-controlling interests in Consolidated Funds 5,931 115,920
Stockholders’ equity:    
Non-controlling interests 1,027,558 974,559
Non-Controlling Interests in Legacy Greenspring Entities    
Stockholders’ equity:    
Non-controlling interests [1] 147,536 147,042
Non-Controlling Interests in the Partnership    
Stockholders’ equity:    
Non-controlling interests 248,954 208,514
Consolidated funds    
Assets    
Restricted cash 735 718
Fees and accounts receivable 53,980 52,566
Due from affiliates 29,683 23,986
Investments:    
Investments in funds 40,893 39,590
Legacy Greenspring investments in funds and accrued carried interest allocations 617,539 631,197
Deferred income tax assets 351 349
Lease right-of-use assets, net 16,174 16,665
Total assets 1,053,350 995,188
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 27,205 27,155
Accrued compensation and benefits 77,918 57,487
Legacy Greenspring accrued carried interest-related compensation 470,003 484,154
Due to affiliates 8,121 5,845
Lease liabilities 16,941 17,415
Total liabilities 601,945 593,701
Consolidated funds | Consolidated Funds    
Assets    
Cash and cash equivalents 53,802 38,164
Investments:    
Other assets and receivables 2,048 1,745
Investments, at fair value 158,222 131,858
Liabilities and stockholders’ equity    
Other liabilities 1,757 1,645
Consolidated funds | Excluding Consolidated Funds    
Assets    
Cash and cash equivalents 67,648 46,859
Investments:    
Other assets and receivables 12,275 11,491
Noncontrolling Interest In Consolidated Funds    
Liabilities and stockholders’ equity    
Redeemable non-controlling interests in Consolidated Funds 142,547 102,623
Class A Common Stock    
Stockholders’ equity:    
Common stock 68 66
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 46 $ 45
[1] Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests. See note 5 for more information.