<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001821981</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001796022</issuerCik>
            <issuerName>STEPSTONE GROUP INC.</issuerName>
            <secFileNumber>001-39510</secFileNumber>
            <issuerAddress>
                <ns2:street1>450 LEXINGTON AVENUE</ns2:street1>
                <ns2:street2>31ST FLOOR</ns2:street2>
                <ns2:city>NEW YORK</ns2:city>
                <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                <ns2:zipCode>10017</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>1-212-351-6100</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>JOHNNY RANDEL</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>1590</noOfUnitsSold>
            <aggregateMarketValue>55827.60</aggregateMarketValue>
            <noOfUnitsOutstanding>64077566</noOfUnitsOutstanding>
            <approxSaleDate>02/16/2024</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>02/14/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>1590</amountOfSecuritiesAcquired>
            <paymentDate>02/14/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>JOHNNY RANDEL</name>
                <address>
                    <ns2:street1>450 LEXINGTON AVENUE</ns2:street1>
                    <ns2:street2>31ST FLOOR</ns2:street2>
                    <ns2:city>NEW YORK</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10017</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/13/2024</saleDate>
            <amountOfSecuritiesSold>24201</amountOfSecuritiesSold>
            <grossProceeds>841129.96</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>02/16/2024</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Johnny Randel</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001821981
XXXXXXXX
LIVE
0001796022
STEPSTONE GROUP INC.
001-39510
450 LEXINGTON AVENUE
31ST FLOOR
NEW YORK
NY
10017
1-212-351-6100
JOHNNY RANDEL
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
1590
55827.60
64077566
02/16/2024
NASDAQ
Common
02/14/2024
Restricted stock vesting under a registered plan
Issuer
N
1590
02/14/2024
Services Rendered
N
JOHNNY RANDEL
450 LEXINGTON AVENUE
31ST FLOOR
NEW YORK
NY
10017
Common
02/13/2024
24201
841129.96
02/16/2024
/s/ Johnny Randel