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            <secFileNumber>001-39510</secFileNumber>
            <issuerAddress>
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                <ns2:street2>31ST FLOOR</ns2:street2>
                <ns2:city>NEW YORK</ns2:city>
                <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                <ns2:zipCode>10017</ns2:zipCode>
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            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>SANCTUARY BAY LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>10% Stockholder</relationshipToIssuer>
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            <brokerOrMarketmakerDetails>
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                <address>
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                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
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            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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            <natureOfAcquisitionTransaction>Merger/Acquisition</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
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            <paymentDate>09/20/2021</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
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                    <ns2:street2>31ST FLOOR</ns2:street2>
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                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10017</ns2:zipCode>
                </address>
            </sellerDetails>
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            <amountOfSecuritiesSold>9008</amountOfSecuritiesSold>
            <grossProceeds>315826.79</grossProceeds>
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            <sellerDetails>
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                    <ns2:street1>450 LEXINGTON AVENUE</ns2:street1>
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                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10017</ns2:zipCode>
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            <securitiesClassTitle>Common</securitiesClassTitle>
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        <securitiesSoldInPast3Months>
            <sellerDetails>
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                    <ns2:city>NEW YORK</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10017</ns2:zipCode>
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            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>12/14/2023</saleDate>
            <amountOfSecuritiesSold>177283</amountOfSecuritiesSold>
            <grossProceeds>5146826.87</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>02/14/2024</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ James Lim</signature>
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144
0001543577
XXXXXXXX
LIVE
0001796022
STEPSTONE GROUP INC.
001-39510
450 LEXINGTON AVENUE
31ST FLOOR
NEW YORK
NY
10017
1-212-351-6100
SANCTUARY BAY LLC
10% Stockholder
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
61294
2154943.81
64077566
02/14/2024
NASDAQ
Common
09/20/2021
Merger/Acquisition
Issuer
N
61294
09/20/2021
Services Rendered
N
SANCTUARY BAY LLC
450 LEXINGTON AVENUE
31ST FLOOR
NEW YORK
NY
10017
Common
02/13/2024
9008
315826.79
SANCTUARY BAY LLC
450 LEXINGTON AVENUE
31ST FLOOR
NEW YORK
NY
10017
Common
12/15/2023
69649
2005626.53
SANCTUARY BAY LLC
450 LEXINGTON AVENUE
31ST FLOOR
NEW YORK
NY
10017
Common
12/14/2023
177283
5146826.87
02/14/2024
/s/ James Lim