Brem Monte M Amends StepStone Group Stake Filing

TL;DR

Brem Monte M updated its StepStone Group filing, watch for ownership changes.

AI Summary

On April 5, 2024, Brem Monte M filed an amendment (13) to its Schedule 13D for StepStone Group Inc. This filing indicates a change in beneficial ownership of Class A Common Stock. The filing was made under the Securities Exchange Act of 1934.

Why It Matters

This amendment to a Schedule 13D filing signals a potential shift in significant ownership or control of StepStone Group Inc., which could influence its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes by large investors, which can lead to increased volatility.

Key Players & Entities

• Brem Monte M (company) — Filing entity
• StepStone Group Inc. (company) — Subject company
• Jennifer Y. Ishiguro (person) — Authorized to receive notices
• JASON P. MENT (person) — Group member
• JOSE A. FERNANDEZ (person) — Group member
• MICHAEL I. MCCABE (person) — Group member
• SCOTT W. HART (person) — Group member
• THOMAS KECK (person) — Group member

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, Par Value $0.001 Per Share (Title of Class of Securiti
• $35.47 — ck at a weighted average sales price of $35.47 per share on February 26, 2024. Item7

Filing Documents

• d488074dsc13da.htm (SC 13D/A) — 117KB
• 0001193125-24-091003.txt ( ) — 118KB

of the

Item 2 of the Schedule 13D is hereby amended and supplemented as follows: This Statement is being filed jointly by Monte M. Brem, Scott W. Hart, Jason P. Ment, Jose A. Fernandez, Michael I. McCabe and Thomas Keck. The foregoing persons are referred to collectively as the Reporting Persons . Each of the Reporting Persons is filing in his capacity as a member of the Class B Committee. In addition, Messrs. Brem, Hart, Fernandez, McCabe and Keck are filing as the direct owners of more than 5% of the Class B units (the Class B Units ) of StepStone Group LP (the Partnership ). The Reporting Persons constitute the current members of the Class B Committee. As described more fully below, pursuant to the Stockholders Agreement, the members of the Class B Committee have the right to direct the voting of certain shares of Class A Common Stock and Class B common stock, par value $0.001 per share (the Class B Common Stock ), of the Issuer. As a result, the Reporting Persons may be deemed to have beneficial ownership over 51,751,225 shares of voting stock held by stockholders party to the Stockholders Agreement. Within 60 days of the date of this will be entitled to purchase from the Company one share of Class B Common Stock for each Class B Unit at its par value. The number of shares of voting stock held by stockholders party to the Stockholders Agreement above is inclusive of the Class B Units issuable upon conversion of the Class B2 Units. As of the date of this filing, the members of the Class B Committee collectively beneficially own, directly or indirectly, approximately 34.4% of the aggregate voting power of the Class A Common Stock and Class B Common Stock, and the parties to the Stockholders Agreement (inclusive of the Class B Committee) collectively hold, directly o

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct. Dated: April 9, 2024 1. /s/ Jennifer Ishiguro, Attorney-in-Fact Monte M. Brem 2. /s/ Jennifer Ishiguro, Attorney-in-Fact Scott W. Hart 3. /s/ Jennifer Ishiguro, Attorney-in-Fact Jason P. Ment 4. /s/ Jennifer Ishiguro, Attorney-in-Fact Jose A. Fernandez 5. /s/ Jennifer Ishiguro, Attorney-in-Fact Michael I. McCabe 6. /s/ Jennifer Ishiguro, Attorney-in-Fact Thomas Keck

View Full Filing

View this SC 13D/A filing on SEC EDGAR