Firm profile

Stepstone Group Real Assets LP

LA JOLLA, CACRD 281695Registration Status: ApprovedEffective since November 10, 2015SEC # 801-106844Latest ADV July 30, 2026

Stepstone Group Real Assets LP is an SEC registered investment adviser organized as a limited partnership with a primary office location in La Jolla, CA. Its latest Form ADV filing, dated July 30, 2026, reports $41.5B in regulatory assets under management, 94 employees, 10 offices, and 64 accounts.

Assets Under Management
$41.5B
Employees
94
Offices
10 offices
Total Clients
71

Associated firm names

1 name listed
  • STEPSTONE GROUP REAL ASSETS LP

Leadership

5 roles identified
CEOScott W. Hart
CCOBendukai E. Bouey
CFODavid Y. Park

Advisory services offered

5 types reported
Pension consulting services
Portfolio management for businesses
Portfolio management for investment companies

Fee models offered

3 types reported
Asset based fees
Fixed fees
Performance-based fees

Offices & Contact

Primary office

LA JOLLA, California, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

California

LA JOLLAPrimary office · SAN FRANCISCO

Australia

SYDNEY · PERTH

Canada

TORONTO

Germany

FRANKFURT

Ireland

DUBLIN

New York

NEW YORK

United Kingdom

LONDON

10 office records listed · 10 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$41.5Bas of July 30, 2026
Discretionary53.6%
$22.2B
54% of total RAUM53.6%
Non-discretionary46.4%
$19.2B
46% of total RAUM46.4%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 83.1% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
83.1%
59
2
Pension Plans
9.9%
7
3
Government
2.8%
2
4
Insurance Cos.
2.8%
2
5
Investment Cos.
1.4%
1
Categories with <5 clients
Insurance companies<5 clients
State or municipal government entities (including govt. pension plans)<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$41.5B
Total Accounts64
10Y AUM Change+$41.3B (+20562.9%)

Private Funds

Private funds reported by Stepstone Group Real Assets LP

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees94
Clients per Employee1:1
10Y Employee Change+71 (+308.7%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
STEPSTONE GROUP LPDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
50% to < 75%
10 BARCLAY INVESTMENTS PTY LTDDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
10% to < 25%
CHOLJO INVESTMENTS PTY LIMITEDDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
5% to < 10%
JASON PAUL MENTDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
< 5%
STEPSTONE GROUP REAL ASSETS HOLDING LLCDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
< 5%
JENNIFER YAYOI ISHIGURODirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
< 5%
SCOTT WILLIAM HARTDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
< 5%
JOSE AGUSTIN FERNANDEZDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
< 5%
DAVID YONGIL PARKDirect owner · Schedule AInterest in STEPSTONE GROUP REAL ASSETS LP
< 5%
STEPSTONE GROUP INC.Indirect owner · Schedule BInterest in STEPSTONE GROUP HOLDINGS LLC
75%+
STEPSTONE GROUP INC.Indirect owner · Schedule BInterest in STEPSTONE GROUP LP
50% to < 75%
STEPSTONE GROUP LPIndirect owner · Schedule BInterest in STEPSTONE GROUP REAL ASSETS HOLDING LLC
50% to < 75%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Stepstone Group Real Assets LP.

Reported ownership and control details

Form ADV · Filing date 2026-07-30 · Schedules A and B

16 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1JASON PAUL MENTPRESIDENT AND CO-CHIEF OPERATING OFFICER, PARTNERIndividualSTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NANoPRESIDENT AND CO-CHIEF OPERATING OFFICER, PARTNER01/2014Schedule APDF page 327
2STEPSTONE GROUP LPLIMITED PARTNERDomestic entitySTEPSTONE GROUP REAL ASSETS LP50% to less than 75%Code DYesLIMITED PARTNER01/2014Schedule APDF page 327
3STEPSTONE GROUP REAL ASSETS HOLDING LLCGENERAL PARTNERDomestic entitySTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NAYesGENERAL PARTNER07/2014Schedule APDF page 327
410 BARCLAY INVESTMENTS PTY LTDLIMITED PARTNERForeign entitySTEPSTONE GROUP REAL ASSETS LP10% to less than 25%Code BNoLIMITED PARTNER08/2016Schedule APDF page 327
5CHOLJO INVESTMENTS PTY LIMITEDLIMITED PARTNERForeign entitySTEPSTONE GROUP REAL ASSETS LP5% to less than 10%Code ANoLIMITED PARTNER07/2016Schedule APDF page 327
6JENNIFER YAYOI ISHIGUROCHIEF LEGAL OFFICER, PARTNERIndividualSTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NAYesCHIEF LEGAL OFFICER, PARTNER09/2019Schedule APDF page 327
7SCOTT WILLIAM HARTPARTNER, CHIEF EXECUTIVE OFFICERIndividualSTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NAYesPARTNER, CHIEF EXECUTIVE OFFICER08/2019Schedule APDF page 327
8JOSE AGUSTIN FERNANDEZCO-CHIEF OPERATING OFFICER, PARTNERIndividualSTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NAYesCO-CHIEF OPERATING OFFICER, PARTNER03/2007Schedule APDF page 327
9BENDUKAI EDWARD BOUEYCHIEF COMPLIANCE OFFICERIndividualSTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER06/2023Schedule APDF page 327
10DAVID YONGIL PARKPARTNER, CHIEF FINANCIAL OFFICERIndividualSTEPSTONE GROUP REAL ASSETS LPLess than 5%Code NAYesPARTNER, CHIEF FINANCIAL OFFICER01/2024Schedule APDF page 327
11STEPSTONE GROUP HOLDINGS LLCGENERAL PARTNERDomestic entitySTEPSTONE GROUP LPPercentage not specifiedCode FYesGENERAL PARTNER01/2014Schedule BPDF page 327
12DUANE JOSEPH CADMANDIRECTORIndividual10 BARCLAY INVESTMENTS PTY LTDPercentage not specifiedCode FYesDIRECTOR08/2016Schedule BPDF page 327
13JAMES DAVID O'LEARYDIRECTORIndividualCHOLJO INVESTMENTS PTY LIMITEDPercentage not specifiedCode FYesDIRECTOR07/2016Schedule BPDF page 327
14STEPSTONE GROUP INC.SOLE MANAGING MEMBERDomestic entitySTEPSTONE GROUP HOLDINGS LLC75% or moreCode EYesSOLE MANAGING MEMBER09/2020Schedule BPDF page 327
15STEPSTONE GROUP INC.LIMITED PARTNERDomestic entitySTEPSTONE GROUP LP50% to less than 75%Code DYesLIMITED PARTNER09/2020Schedule BPDF page 328
16STEPSTONE GROUP LPMEMBERDomestic entitySTEPSTONE GROUP REAL ASSETS HOLDING LLC50% to less than 75%Code DYesMEMBER07/2014Schedule BPDF page 328

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 7/30/2026 3:57:14 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.