{"url":"https://nivawealth.com/firms/stepstone-group-real-estate-281698","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/281698","regulatoryAum":17212566630,"crd":"281698","secFileNumber":"801-106835","legalName":"Stepstone Group Real Estate LP","displayName":"Stepstone Group Real Estate","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":["Courtland, A Stepstone Company"],"registration":{"secApproved":"2 November 2015","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":117,"advisory":95,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":15380733781,"discretionaryAccounts":63,"nonDiscretionary":1831832849,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":66,"nonAumClients":21},"clientTypes":[{"label":"Banking or thrift institutions","clients":1,"regulatoryAum":0},{"label":"Pooled investment vehicles","clients":61,"regulatoryAum":15879181441},{"label":"Pension and profit-sharing plans","clients":7,"regulatoryAum":1317717112},{"label":"State or municipal government entities","clients":11,"regulatoryAum":15668077},{"label":"Other investment advisers","clients":4,"regulatoryAum":0},{"label":"Insurance companies","clients":1,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":3,"regulatoryAum":0}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Stepstone Group Real Estate has custody of $9.30B 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 May 2014. Also a member of Stepstone Group Real Estate Holdings LLC in the 50% to 75% band and a control person, since May 2014."},{"label":"Giller Family Holding LP","detail":"Limited partner in the 10% to 25% ownership band, since December 2021."},{"label":"The Brendan and Aurelie Macdonald Family Limited Partnership","detail":"Limited partner in the 5% to 10% ownership band, since December 2021."},{"label":"Low Country Investments LP","detail":"Limited partner in the 5% to 10% ownership band, since December 2021."},{"label":"Stepstone Group Holdings LLC","detail":"Indirect owner: general partner of Stepstone Group LP and a control person, since May 2014.","parent":"Stepstone Group LP"},{"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 partner of Stepstone Group LP in the 50% to 75% band and a control person, since September 2020.","parent":"Stepstone Group Holdings LLC"},{"label":"Jeffrey Giller","detail":"Indirect owner: trustee of Jeff and Yvette Giller Living Trust Dated September 22, 2021 and a control person, since September 2021.","parent":"Jeff and Yvette Giller Living Trust Dated September 22, 2021"},{"label":"Brendan Macdonald","detail":"Indirect owner: trustee of Macdonald Family Living Trust and a control person, since December 2020.","parent":"Macdonald Family Living Trust"},{"label":"Josh Cleveland","detail":"Indirect owner: a limited partner of Low Country Investments LP in the 75% or more band and a control person, since December 2021.","parent":"Low Country Investments LP"},{"label":"Jeff and Yvette Giller Living Trust Dated September 22, 2021","detail":"Indirect owner: a limited partner of Giller Family Holding LP in the 75% or more band and a control person, since November 2021.","parent":"Giller Family Holding LP"},{"label":"Yvette Giller","detail":"Indirect owner: trustee of Jeff and Yvette Giller Living Trust Dated September 22, 2021 and a control person, since September 2021.","parent":"Jeff and Yvette Giller Living Trust Dated September 22, 2021"},{"label":"Macdonald Family Living Trust","detail":"Indirect owner: a limited partner of The Brendan and Aurelie Macdonald Family Limited Partnership in the 75% or more band and a control person, since December 2021.","parent":"The Brendan and Aurelie Macdonald Family Limited Partnership"},{"label":"Aurelie Macdonald","detail":"Indirect owner: trustee of Macdonald Family Living Trust and a control person, since December 2020.","parent":"Macdonald Family Living Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":11,"privateResidences":0},"listedOfficeAddresses":6,"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"4225 Executive Square, Suite 1600","city":"La Jolla","headquarters":true},{"street":"Two Embarcadero Center","city":"San Francisco"}]},{"state":"Florida","offices":1,"addresses":[{"street":"111 East Fairbanks Ave","city":"Winter Park"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"110 North Wacker Drive","city":"Chicago"}]},{"state":"New York","offices":1,"addresses":[{"street":"277 Park Ave, 45th Floor","city":"New York"}]},{"state":"Ohio","offices":1,"addresses":[{"street":"127 Public Square","city":"Cleveland"}]}],"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 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":100}],"privateFunds":60},"sources":{"adv1FilingDate":"30 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/281698/PDF/281698.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 Estate have?","answer":"Stepstone Group Real Estate has 88 clients and manages $17.2 billion for them, as of July 2026. They include 61 pooled investment vehicles, 11 state or municipal government entities and 7 pension and profit-sharing plans.","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 Estate offer?","answer":"Stepstone Group Real Estate provides 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 Estate have?","answer":"Stepstone Group Real Estate has 0 investment adviser representatives registered with state securities authorities, out of 117 employees, and 95 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 Estate invest in?","answer":"At the end of its last fiscal year, Stepstone Group Real Estate’s separately managed accounts held 100% pooled vehicles (private funds and similar). It advises 60 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 Estate?","answer":"Stepstone Group Real Estate is owned through a chain of holding companies by Stepstone Group Inc. and Josh Cleveland. Its direct owners are Stepstone Group LP (50% to 75%), Giller Family Holding LP (10% to 25%), the Brendan and Aurelie Macdonald Family Limited Partnership (5% to 10%), and Low Country Investments LP (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 Estate get paid?","answer":"Stepstone Group Real Estate 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."}