Stepstone Group Inc 's

The company competes with asset management firms, commercial banks, broker-dealers, insurance companies, and other financial institutions. In focused commingled funds, competition primarily comes from private markets management divisions of large international financial institutions and established local and regional firms in the United States, Europe, and Asia, including managers offering funds-of-funds, secondary funds, and co-investment funds. For separately managed accounts (SMAs), competitors are mainly specialized and independent private markets asset management firms. In advisory services, competition includes regionally based firms and several large consulting firms for which private markets investments constitute a small portion of their overall business.