What does initial consolidation of consolidated funds mean?

Quantifies the increase in non-controlling interest equity resulting from the initial consolidation of investment funds or subsidiaries. This metric reflects the portion of consolidated assets that is attributable to third-party investors rather than the parent company. It is vital for distinguishing between the firm's own equity and the capital managed on behalf of external partners.

StepStone Group Inc. STEP Initial consolidation of Consolidated Funds

Initial consolidation of Consolidated Funds at other companies

The Carlyle GroupCG

-$8.9M-116%

Cinemark HoldingsCNK

$0—

Jackson FinancialJXN

$11M—

Piper SandlerPIPR

$205.07M+21.8%

BlackrockBLK

-$248M+52.5%

InvescoIVZ

$327.8M+319%

Other financials

Income statement

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Revenue$588.6M+55.8%

Net income-$7.8M+57.9%

EPS (diluted)-$0.06+70.0%

Balance sheet

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Cash & equivalents$378.0M+35.2%

Total debt$103.6M-72.9%

Total equity-$413.6M-331%

Total assets$6.8B+47.4%

Cash flow

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Operating cash flow$27.2M-1.5%

CapEx$762.0K-71.4%

Free cash flow$26.7M-1.1%

Valuation

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Market cap$3.51B-3.5%

Profitability

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Net margin-26.9%+84.4pp

FCF margin11.8%—

Returns & leverage

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Return on equity-88.8%-97.7pp

Debt / equity2.5×+1.7×

Where this comes from

Reported directly by StepStone Group Inc. in its filing.

Tagged under the XBRL concept step:NoncontrollingInterestIncreaseFromInitialConsolidationOfConsolidatedFunds.

The official record: StepStone Group Inc.’s 10-K, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is StepStone Group Inc.'s initial consolidation of consolidated funds?: StepStone Group Inc. (STEP) reported initial consolidation of consolidated funds of $98.52M in Q1 2026.
What does initial consolidation of consolidated funds mean?: Quantifies the increase in non-controlling interest equity resulting from the initial consolidation of investment funds or subsidiaries. This metric reflects the portion of consolidated assets that is attributable to third-party investors rather than the parent company. It is vital for distinguishing between the firm's own equity and the capital managed on behalf of external partners.