Brem Monte M Amends StepStone Group Stake

TL;DR

Brem Monte M just updated their StepStone Group filing - something's up.

AI Summary

On April 22, 2024, Brem Monte M filed an amendment (No. 14) to its Schedule 13D for StepStone Group Inc. This filing indicates a change in beneficial ownership of StepStone Group Inc. Class A Common Stock. The filing was made on April 22, 2024, with the SEC.

Why It Matters

This amendment signals a potential shift in control or investment strategy by Brem Monte M concerning StepStone Group Inc., which could influence the stock's performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased stock volatility.

Key Numbers

• 14 — Amendment Number (Indicates this is the 14th update to the filing.)
• 20240422 — Filing Date (The date the amendment was filed with the SEC.)

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

Filing Documents

• d828740dsc13da.htm (SC 13D/A) — 117KB
• 0001193125-24-104898.txt ( ) — 119KB

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 50,853,374 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

(c) of Schedule 13D is hereby amended and supplemented as follows

Item 5(c) of Schedule 13D is hereby amended and supplemented as follows: Other than the transactions disclosed in the Original Filing, the Reporting Persons have not effected any transactions involving the beneficial ownership of Class A Common Stock during the 60 days prior to the date of this Statement. With respect to the sale transactions reported below, each days sales comprised open market transactions made on that day, and the price per share reported is the weighted average sale price. The Reporting Persons hereby undertake to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of Common Stock and prices at which the trades were effected. Item7. Material to be Filed as Exhibits Exhibit Description 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (incorporated by reference to Exhibit 1 to the Reporting Persons Schedule 13D filed on September 21, 2020). 2. Ninth Amended and Restated Limited Partnership Agreement of StepStone Group LP (incorporated by reference to Exhibit 10.3 to the Issuers Form 8-K filed with the SEC on September 20, 2021). 3. Tax Receivable Agreement (Exchanges) (incorporated by reference to Exhibit 10.2 to the Issuers Form 8-K filed with the SEC on September 18, 2020). 4. Exchange Agreement (incorporated by reference to Exhibit 10.4 to the Issuers Form 8-K filed with the SEC on September 18, 2020). 5. Amended and Restated Registration Rights Agreement (incorporated by reference to Exhibit 10.4 to the Issuers Form 8-K filed with the SEC on September 20, 2021). 6. Amended and Restated Stockholders Agreement (incorporated by reference to Exhibit 10.2 to the Issuers Form 8-K filed with the SEC on September 20, 2021). 7. Class C Exchange Agreement (incorporated by reference to Exhibit 10.5 to the Issuers Form 8-K filed with the SEC on September 20, 2021). 8. Support Agreeme

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 22, 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