Total carried interest allocations

StepStone Group Inc.·Products & Services·7 segments·Rolls up to Revenue from contracts outside the scope of ASC Topic 606

Breakdown

Segment	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26
Carried Interest Allocation, Focused Commingled Funds	$19.44M	$7.75M	$43.19M	$59.02M	$17.92M	$81.88M	$85.13M	$171.86M
Carried Interest Allocation, Separately Managed Accounts	-$2.81M	$62.1M	$74.42M	$38.1M	$95.36M	$124.81M	$63.56M	$67.77M
Legacy gross carried interest allocation, focused comingled funds	$6.6M	$11.9M	$38.3M	$6.3M	$4.9M	$13.3M	$300K	$1.3M
Legacy carried interest allocation, SMAs	$199K	$71K	$198K	—	$98K	$330K	$213K	$348K
Total	—	—	—	—	—	—	—	—

Carried Interest Allocation, Separately Managed AccountsView metric

Carried Interest Allocation, Focused Commingled FundsView metric

Carried Interest AllocationsView metric

Legacy carried interest allocation, SMAsView metric

Legacy carried interest allocation, focused comingled fundsView metric

Legacy Greenspring Carried Interest AllocationsView metric

Legacy gross carried interest allocation, focused comingled fundsView metric