{"url":"https://nivawealth.com/firms/stepstone-group-real-assets-281695","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/281695","regulatoryAum":41482551889,"crd":"281695","secFileNumber":"801-106844","legalName":"Stepstone Group Real Assets LP","displayName":"Stepstone Group Real Assets","website":"https://www.stepstonegroup.com/","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"March","headquarters":{"street":"4225 Executive Square, Suite 1600","city":"La Jolla","state":"CA","stateName":"California","country":"United States","postalCode":"92037"},"tradeNames":[],"registration":{"secApproved":"10 November 2015","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":94,"advisory":85,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":22234430276,"discretionaryAccounts":30,"nonDiscretionary":19248121613,"nonDiscretionaryAccounts":34,"wrapProgram":null,"nonUsClientsPct":68,"nonAumClients":7},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":0},{"label":"Pooled investment vehicles","clients":59,"regulatoryAum":34928952169},{"label":"Pension and profit-sharing plans","clients":7,"regulatoryAum":4273803944},{"label":"State or municipal government entities","clients":2,"regulatoryAum":2279795776},{"label":"Insurance companies","clients":2,"regulatoryAum":0}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Stepstone Group Real Assets has custody of $35.03B for 60 clients.","otherCustodians":[],"leadership":[{"name":"Scott Hart","title":"Partner, Chief Executive Officer","crd":"4689837"},{"name":"Jason Ment","title":"President and Co-Chief Operating Officer, Partner","crd":"5512276"},{"name":"David Park","title":"Partner, Chief Financial Officer","crd":"7645904"},{"name":"Jose Fernandez","title":"Co-Chief Operating Officer, Partner","crd":"4915212"},{"name":"Bendukai Bouey","title":"Chief Compliance Officer","crd":"2288174"},{"name":"Jennifer Ishiguro","title":"Chief Legal Officer, Partner","crd":"7269417"}],"ownership":[{"label":"Stepstone Group LP","detail":"Limited partner in the 50% to 75% ownership band and a control person, since January 2014. Also a member of Stepstone Group Real Assets Holding LLC in the 50% to 75% band and a control person, since July 2014."},{"label":"10 Barclay Investments Pty LTD","detail":"Limited partner in the 10% to 25% ownership band, since August 2016."},{"label":"Choljo Investments Pty Limited","detail":"Limited partner in the 5% to 10% ownership band, since July 2016."},{"label":"Stepstone Group Holdings LLC","detail":"Indirect owner: general partner of Stepstone Group LP and a control person, since January 2014.","parent":"Stepstone Group LP"},{"label":"Duane Cadman","detail":"Indirect owner: director of 10 Barclay Investments Pty LTD and a control person, since August 2016.","parent":"10 Barclay Investments Pty LTD"},{"label":"James O'Leary","detail":"Indirect owner: director of Choljo Investments Pty Limited and a control person, since July 2016.","parent":"Choljo Investments Pty Limited"},{"label":"Stepstone Group Inc.","detail":"Indirect owner: a sole managing member of Stepstone Group Holdings LLC in the 75% or more band and a control person, since September 2020. Also a limited partner of Stepstone Group LP in the 50% to 75% band and a control person, since September 2020.","parent":"Stepstone Group Holdings LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":9,"privateResidences":0},"listedOfficeAddresses":4,"officesByState":[{"state":"California","offices":3,"addresses":[{"street":"4225 Executive Square, Suite 1600","city":"La Jolla","headquarters":true},{"street":"4225 Executive Square","city":"La Jolla"},{"street":"Two Embarcadero Center","city":"San Francisco"}]},{"state":"New York","offices":1,"addresses":[{"street":"277 Park Ave","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"858-558-9700","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":96},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":59},"sources":{"adv1FilingDate":"30 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/281695/PDF/281695.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Stepstone Group Real Assets have?","answer":"Stepstone Group Real Assets has 71 clients and manages $41.5 billion for them, as of July 2026. They include 59 pooled investment vehicles, 7 pension and profit-sharing plans and 2 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Stepstone Group Real Assets offer?","answer":"Stepstone Group Real Assets provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Stepstone Group Real Assets have?","answer":"Stepstone Group Real Assets has 0 investment adviser representatives registered with state securities authorities, out of 94 employees, and 85 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Stepstone Group Real Assets invest in?","answer":"At the end of its last fiscal year, Stepstone Group Real Assets’ separately managed accounts held 96% pooled vehicles (private funds and similar) and 4% cash and equivalents. It advises 59 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Stepstone Group Real Assets?","answer":"Stepstone Group Real Assets is owned through a chain of holding companies by Stepstone Group Inc. Its direct owners are Stepstone Group LP (50% to 75%), 10 Barclay Investments Pty LTD (10% to 25%) and Choljo Investments Pty Limited (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Stepstone Group Real Assets get paid?","answer":"Stepstone Group Real Assets is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}