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StepStone Group Opens Office in Jeonju, South Korea

1. StepStone opens a new office in Jeonju, South Korea. 2. This is StepStone's second office in South Korea, strengthening its partnership with NPS. 3. The new office aims to enhance collaboration with national institutional investors. 4. StepStone manages approximately $709 billion in total capital. 5. Key leadership from StepStone and NPS attended the opening ceremony.

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Why Bullish?

The expansion into South Korea signifies strong growth potential and market confidence, similar to other firms who benefited from regional growth.

How important is it?

The article highlights StepStone's strategic expansion, showcasing future growth possibilities which can attract investment.

Why Long Term?

Establishing a local presence can yield sustained client relationships and investment increases, as seen in long-term expansions by firms like BlackRock.

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New office deepens partnership with the National Pension Service and strengthens presence in Korea June 04, 2025 08:05 ET  | Source: StepStone Group Inc JEONJU, South Korea, June 04, 2025 (GLOBE NEWSWIRE) -- StepStone Group (Nasdaq: STEP), a global private markets solutions provider, has opened an office in Jeonju, North Jeolla Province, South Korea. The new office marks a continued expansion of StepStone’s long-standing relationship with the National Pension Service (NPS), one of the world’s largest institutional investors. This is StepStone’s second office in South Korea, following the establishment of its Seoul office in 2014. “As we look to deepen our relationship with NPS, opening an office in Jeonju was a logical next step,” said JeeYoung Kim, a StepStone partner based in Seoul. “It will enhance communication and collaboration as we look to provide NPS with best-in-class service and solutions for their investment program.” The Jeonju office underscores StepStone’s ongoing commitment to regional engagement and operational excellence in service to its global institutional clients. The opening ceremony, held on April 22, was attended by senior leadership from both organizations, including Kim Tae-hyun, Chairman of the National Pension Service, Scott Hart, CEO of StepStone Group, Jeff Giller, Head of StepStone Real Estate, and Marcel Schindler, Head of StepStone Private Debt. “The opening of our Jeonju office reflects the strength of our partnership with NPS and our shared focus on expanding access to high-quality global investment opportunities,” said Scott Hart. “We are honored to support the important work of NPS and look forward to deepening our collaboration.” About StepStone Group StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for approximately $709 billion of total capital, including $189 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. Contacts Shareholder Relations:Seth Weissshareholders@stepstonegroup.com1-212-351-6106 Media:Brian Ruby / Chris Gillick / Matt Lettiero, ICRStepStonePR@icrinc.com1-203-682-8268

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