StepStone Group (STEP) Prices 4.5M Share Offering at $52.35/sh

StepStone Group Inc. (NASDAQ: STEP) today announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders (the “Selling Stockholders”) of 4,500,000 shares of StepStone’s Class A common stock, at a price to the public of $52.35 per share (before underwriting discounts and commissions) (the “Offering”). The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of StepStone’s Class A common stock. The Selling Stockholders will receive all of the net proceeds from the Offering. StepStone is not offering any shares of its Class A common stock in the Offering and will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares. The Offering is expected to close on November 18, 2021, subject to the satisfaction of customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers for the Offering.

StepStone has an effective registration statement (including a base prospectus) on file with the Securities and Exchange Commission (the “SEC”) and has filed a preliminary prospectus supplement for the Offering. Before you invest, you should read the prospectus in that registration statement and the related preliminary prospectus supplement and other documents that StepStone has filed and will file with the SEC for more complete information about StepStone and the Offering. You may obtain these documents for free by visiting the SEC’s EDGAR web site at www.sec.gov. Alternately, copies of the preliminary prospectus supplement (or, when available, the final prospectus supplement) and base prospectus related to this Offering may be obtained from:

Morgan Stanley & Co. LLC180 Varick Street, Second FloorNew York, New York 10014Attn: Prospectus Department

Goldman Sachs & Co. LLC200 West StreetNew York, New York 10282Attn: Prospectus DepartmentTelephone: (866) 471-2526

J.P. Morgan Securities LLCc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Attn: Prospectus GroupTelephone: (866) 803-9204

The offering of these securities is being made only by means of a prospectus supplement and an accompanying prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

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