SCHEDULE: James Lim Amends StepStone Group Stake
Beneficial Ownership Amendment
James Lim has filed an Amendment No. 5 to his Schedule 13D, reaffirming his 5.3% beneficial ownership in StepStone Group Inc. Class A Common Stock.
Summary
- James Lim, the Reporting Person, continues to beneficially own 4,204,451 shares of StepStone Group Inc.'s Class A Common Stock.
- This ownership represents 5.3% of the total Class A Common Stock outstanding.
- The beneficial ownership comprises 4,040,795 shares of Class A Common Stock and 163,656 Class C Units owned by Sanctuary Bay LLC, which are convertible into Class A Common Stock within 60 days.
- No transactions involving the beneficial ownership of Class A Common Stock were effected by the Reporting Person during the sixty days prior to the date of this statement.
- This filing is the fifth amendment to the original Schedule 13D filed on September 20, 2021.
Sentiment
Score: 5
Explanation: The filing is a routine amendment to a Schedule 13D, indicating no change in the reporting person's beneficial ownership percentage or stated investment intent. It provides an update on the composition of the stake but does not suggest any new positive or negative developments for the company.
Positives
- The continued maintenance of a significant beneficial ownership stake by James Lim may signal ongoing confidence in StepStone Group Inc.
Future Outlook
No forward-looking statements or guidance are provided in this filing, as it primarily serves to update beneficial ownership information.
Industry Context
This filing is a routine disclosure of beneficial ownership by a significant individual shareholder and does not provide specific insights into broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Provides transparency on a significant individual shareholder's stake and its composition.
Key Dates
| Date | Description |
|---|---|
| 2021-09-20 | Original Schedule 13D filed by the Reporting Person. |
| 2023-07-03 | Prior amendment to Schedule 13D filed. |
| 2024-02-21 | Prior amendment to Schedule 13D filed. |
| 2024-05-31 | Date of Issuer's Form 8-K referenced for exhibits (Tenth Amended and Restated Limited Partnership Agreement, Second Amended and Restated Registration Rights Agreement). |
| 2024-08-14 | Prior amendment to Schedule 13D filed. |
| 2024-11-01 | Prior amendment to Schedule 13D filed. |
| 2025-09-12 | Date as of which 78,563,710 shares of Class A Common Stock were issued and outstanding for percentage calculation. |
| 2025-09-18 | Date of event which requires filing of this statement (Amendment No. 5). |
Recommendation
holdThis filing is a routine amendment to a Schedule 13D, confirming James Lim's continued 5.3% beneficial ownership in StepStone Group Inc. There are no new disclosures regarding changes in investment intent, significant transactions, or company-specific news that would warrant a change in investment recommendation. The stability of a significant insider's stake generally supports a 'hold' position, as it neither signals new confidence for a 'buy' nor a divestment for a 'sell'.
Keywords
StepStone Group, James Lim, Schedule 13D, beneficial ownership, Class A Common Stock, institutional investor, SEC filing
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