EX-21.1 6 exhibit211-subsidiarieslis.htm EX-21.1

EXHIBIT 21.1

SUBSIDIARIES OF STEPSTONE GROUP INC. (as of March 31, 2026)

Name of Subsidiary						Jurisdiction/State of Incorporation
SRA Capital (Canada) LTD.						British Columbia, Canada
StepStone Consultoria Financeira Ltda.						Brazil
StepStone Europe Limited						England and Wales
StepStone GC Manager, L.P.						Delaware
StepStone Group (CHINA) Limited						China
StepStone Group (HK) Limited						Hong Kong
StepStone Group Capital Company						Saudi Arabia
StepStone Group Chile SpA						Chile
StepStone Group Europe Alternative Investments Limited						Ireland
StepStone Group Europe LLP						United Kingdom
StepStone Group Holdings LLC						Delaware
StepStone Group Limited						United Arab Emirates
StepStone Group LP						Delaware
StepStone Group Luxembourg S.À R.L						Luxembourg
StepStone Group Mexico Holdings LLC						Delaware
StepStone Group Mexico Holdings, SdeRL						Mexico
StepStone Group Private Debt AG						Switzerland
StepStone Group Private Debt LLC						Delaware
StepStone Group Private Wealth LLC						Delaware
StepStone Group Real Assets Holdings LLC						Delaware
StepStone Group Real Assets LP						Delaware
StepStone Group Real Estate Holdings LLC						Delaware
StepStone Group Real Estate LP						Delaware
StepStone Group Singapore Pte. Ltd.						Singapore
StepStone Mexico I SLP, L.P.						Delaware
StepStone Mexico, S.C.						Mexico
StepStone Partners, L.P.						Delaware
StepStone Verwaltungs Gmbh						Germany
Swiss Capital Alternative Investments G.P. LTD.						Switzerland
Blackbird GA 2020 GP, LLC						Delaware
Blackbird GSC, L.P.						Delaware
Edamame Administrative Member LLC						Delaware
G1 SRE SMA GP, LLC						Delaware
Greenspring Associates Newco, LLC						Delaware
Greenspring Associates, L.P.						Delaware
Greenspring Associates, LLC						Delaware
Real Estate Fund I Domestic GP, LLC						Delaware
Real Estate Fund I International GP, LLC						Delaware
Real Estate Fund II GP, LLC						Delaware
SICP 2022 (GP), LLC						Delaware
SICP II (GP) LLC						Delaware
SIDF Active 1 (GP) LLC						Delaware

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SIDF Active 2 (GP) LLC						Delaware
SilverStone 2025 Aggregator (GP), LLC						Delaware
SilverStone 2026 Secondary Aggregator I (GP), LLC						Delaware
SilverStone 2026 Secondary Aggregator II (GP), LLC						Delaware
SilverStone 2026 Secondary Aggregator III (GP), LLC						Delaware
SilverStone 2026 Secondary Aggregator IV (GP), LLC						Delaware
SilverStone Blue Lion (GP), LLC						Delaware
SilverStone Campari (GP), LLC						Delaware
SilverStone Century (GP), LLC						Delaware
SilverStone Discovery (GP), LLC						Delaware
SilverStone Discovery Offshore Aggregator (GP), LLC						Delaware
SilverStone Falke (GP), LLC						Delaware
SilverStone FireBlazer (GP), LLC						Delaware
SilverStone Harpoon (GP), LLC						Delaware
SilverStone Medal (GP), LLC						Delaware
SilverStone Medal (GP), LLC						Delaware
SilverStone Nolan (GP), LLC						Delaware
SilverStone Pebbles V (GP), LLC						Delaware
SilverStone Pebbles V-A (GP), LLC						Delaware
SilverStone Podium (GP), LLC						Delaware
SilverStone Rise Cayman (GP), LLC						Delaware
SilverStone Rise Delaware (GP), LLC						Delaware
SilverStone Rise Luxembourg (GP), LLC						Delaware
SilverStone Sequel GP, LLC						Delaware
SilverStone Takeoff (GP), LLC						Delaware
SilverStone Teton (GP), LLC						Delaware
SilverStone WH-A (GP), LLC						Delaware
SIRA N-23, LLC						Delaware
SRE Alpha Bidco S.à r.l.						Luxembourg
SRE Alpha Holdings II S.à r.l.						Luxembourg
SRE Alpha Holdings S.à r.l.						Luxembourg
SRE Beckett CIV (GP), LLC						Cayman Islands
SRE Ignite Upsize Investco (CIV GP) LLC						Cayman Islands
SRE IV Ignite II Investco (GP), LLC						Cayman Islands
SRE IV Ignite II Investco CIV (GP), LLC						Cayman Islands
SRE Jersey (GP), LLC						Cayman Islands
SRE Juniversitas (GP), LLC						Cayman Islands
SRE Juniversitas Blocker (GP), LLC						Cayman Islands
SRE Juniversitas Splitter (GP), LLC						Cayman Islands
SRE N-22, LLC						Delaware
SRE Noble S.à r.l.						Luxembourg
SRE Shelter (GP), LLC						Cayman Islands
SRE Solaris InvestCo (GP), LLC						Cayman Islands
SRE WWC JV GP, LLC						Delaware
SREP V Beckett (GP), LLC						Cayman Islands

2

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SREP V Pegasus (CIV GP), LLC						Cayman Islands
SREP V Pegasus (GP), LLC						Cayman Islands
SREP V Quantum (GP), LLC						Cayman Islands
SREP V Quantum CIV (GP), LLC						Delaware
SREP V Salud (GP), LLC						Cayman Islands
SREP V Salud Aggregator (GP), LLC						Cayman Islands
SREP V Salud CIV (GP), LLC						Cayman Islands
SREP V Silver CIV (GP), LLC						Delaware
SSG AK Invest (GP) LLC						Delaware
SSG Da Vinci (GP), LLC						Delaware
SSG LP INVEST (GP) LLC						Delaware
SSG ME Infrastructure (GP), LLC						Cayman Islands
SSG ME Real Estate (GP), LLC						Cayman Islands
SSG OAM Private Debt GP Limited						Cayman Islands
SSG Peninsula (GP), LLC						Cayman Islands
SSG Private Credit (US) GP LLC						Delaware
SSG Private Credit Platform GP S.à r.l.						Luxembourg
SSG Private Debt GP III (Luxembourg) S.à r.l.						Luxembourg
SSG Private Debt GP IV (Luxembourg) S.à r.l.						Luxembourg
SSG Private Debt GP V S.à r.l.						Luxembourg
SSG Private Debt GP VI S.à r.l.						Luxembourg
SSG Private Debt Manager G.P. II (Cayman) Ltd.						Cayman Islands
SSIF (GP) LLC						Delaware
SSIF Europe (GP) S.à r.I.						Luxembourg
SSIF Overage (GP) LLC						Delaware
StepStone (Luxembourg) GP S.À R.L.						Luxembourg
StepStone (Luxembourg) SCA SICAV - StepStone Private Infrastructure Fund						Luxembourg
StepStone A (GP), LLC						Delaware
StepStone A Co-Investment Partnership (GP), LLC						Cayman Islands
StepStone A Real Estate Co-Investment Partnership (GP), LLC						Delaware
StepStone Acorn (GP), LLC						Delaware
StepStone AEGON (GP), LLC						Delaware
StepStone Alpha SBO Opportunities (GP), LLC						Delaware
STEPSTONE AMITIM (GP) LLC						Delaware
StepStone AMP (GP), LLC						Delaware
STEPSTONE ANDY (GP), LLC						Delaware
StepStone AP (GP), LLC						Delaware
StepStone Atlantic (GP), L.P.						Delaware
StepStone Atlantic Holdings (GP), LLC						Delaware
StepStone ATLAS (GP), LLC						Delaware
StepStone Atlas III (GP), LLC						Delaware
StepStone Atlas III (Offshore) (GP), LLC						Cayman Islands
StepStone ATS (GP), LLC						Delaware
StepStone AZ China and Asia (GP), LLC						Delaware
StepStone AZ Secondaries (GP), LLC						Delaware

3

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StepStone B (GP), LLC						Cayman Islands
StepStone B II-G (GP), LLC						Cayman Islands
StepStone B III (GP), LLC						Cayman Islands
StepStone B II-R (GP), LLC						Cayman Islands
StepStone Badger Secondary Opportunities Holdings (GP), LLC						Cayman Islands
StepStone Boulder (GP), LLC						Delaware
StepStone Boulder II, L.P.						Cayman Islands
StepStone BVK (GP), S.À R.L.						Luxembourg
StepStone BVK RE (GP), S.À R.L						Luxembourg
StepStone C (GP), LLC						Delaware
StepStone Capital III (GP), LLC						Delaware
StepStone Capital IV (GP) S.À.R.L.						Luxembourg
StepStone Capital IV (GP), LLC						Delaware
StepStone Capital V (GP), LLC						Cayman Islands
StepStone Capital V (GP), S.À.R.L.						Luxembourg
Stepstone Capital VI (GP), LLC						Delaware
StepStone CGC Opportunities (GP), Limited						Cayman Islands
StepStone Climate (GP) S.à r.l.						Luxembourg
StepStone Climate (GP), LLC						Delaware
StepStone Co-Investment Funds GP, LLC						Delaware
StepStone Credit Opportunities Fund I, L.P.						Cayman Islands
StepStone Diversified Funds GP, LLC						Delaware
StepStone E (GP) LLC						Delaware
StepStone E Offshore (GP) LLC						Cayman Islands
StepStone East Town (GP), LLC						Delaware
StepStone European Fund GP, S.À.R.L.						Luxembourg
StepStone FERRO (GP), LLC						Delaware
StepStone Ferwa GP, LLC						Cayman Islands
StepStone Flintholm Infra (GP) LLC						Delaware
StepStone FSS (GP), LLC						Delaware
StepStone G (GP) II, LLC						Delaware
StepStone G (GP), LLC						Delaware
StepStone Gamma Real Estate Co-Investment Partnership (GP), LLC						Delaware
StepStone GC GP, LLC						Delaware
StepStone GE VII-L GP, LLC						Delaware
StepStone GP Solutions (GP) S.à r.l.						Delaware
StepStone GP Solutions (GP), LLC						Delaware
StepStone Growth Equity II-A GP LLC						Delaware
StepStone H (GP), LLC						Delaware
StepStone HB Real Estate (GP), LLC						Cayman Islands
StepStone HCSCMPTEPP (GP), LLC						Delaware
StepStone HF (GP), LLC						Delaware
StepStone HF Private Debt (GP), LLC						Delaware
StepStone HF Real Estate (GP), LLC						Delaware
StepStone HF Venture (GP), LLC						Delaware

4

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StepStone Holyrood Infrastructure (GP), LLC						Delaware
StepStone Holyrood Neptune (GP), LLC						Delaware
StepStone Holyrood Private Equity (GP), LLC						Delaware
StepStone Horizons (GP), LLC						Delaware
StepStone iCapital GP VC, LLC						Delaware
StepStone Infrastructure Co-Investment Partners 2022 Europe (GP) S.A.R.L.						Luxembourg
StepStone IP Infra (GP) LLC						Delaware
StepStone IP Infrastructure Opportunities (GP), LLC						Delaware
StepStone JP (GP) II, LLC						Delaware
StepStone JP (GP), LLC						Delaware
StepStone K Infra Strat (GP), LLC						Cayman Islands
StepStone K Infrastructure (GP) II, LLC						Cayman Islands
StepStone K Infrastructure (GP), LLC						Cayman Islands
StepStone K Infrastructure Opportunities (GP) III LLC						Cayman Islands
StepStone K Opportunities (GP), LLC						Delaware
StepStone K Real Estate (GP), LLC						Cayman Islands
StepStone K Real Estate II (GP), LLC						Cayman Islands
StepStone KF (GP), LLC						Delaware
STEPSTONE KU CO-INVESTMENT PARTNERSHIP (GP), LLC						Delaware
StepStone L Global Infra (GP), LLC						Delaware
StepStone Libra (GP), LLC						Cayman Islands
StepStone LMM (GP), LLC						Delaware
StepStone Maple (GP), LLC						Delaware
StepStone Mexico I (GP), LLC						Delaware
StepStone Micro Growth Equity V GP LLC						Delaware
StepStone Minderoo (GP), LLC						Delaware
StepStone NCA (GP), LLC						Cayman Islands
StepStone NG (GP), LLC						Delaware
StepStone NJ (GP), LLC						Delaware
StepStone NJ Real Estate (GP), LLC						Delaware
StepStone NL (GP), LLC						Delaware
StepStone NLGI (GP), LLC						Delaware
StepStone NPS PE (GP), LLC						Delaware
StepStone NPS PE II (GP), LLC						Cayman Islands
StepStone NPS Real Estate (GP), LLC						Cayman Islands
StepStone NPS Real Estate II (GP), LLC						Cayman Islands
StepStone NPS SIERA (GP), LLC						Delaware
StepStone NPS SIRA II (GP), LLC						Cayman Islands
StepStone NZ (GP), LLC						Cayman Islands
StepStone OH Secondaries (GP), LLC						Delaware
StepStone Ontario Natural Resources Opportunities (GP), LLC						Cayman Islands
StepStone Opportunities Fund G.P. Ltd						Cayman Islands
StepStone Oxford I (GP), LLC						Delaware
StepStone P (GP), LLC						Cayman Islands
StepStone P Real Assets (GP), LLC						Cayman Islands

5

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StepStone P Real Assets II (GP), LLC						Cayman Islands
StepStone P Real Assets III (GP) LLC						Cayman Islands
StepStone PC GP, LLC						Delaware
StepStone Pegasus (GP), LLC						Cayman Islands
Stepstone Peregrine (GP), LLC						Delaware
StepStone PF Opportunities (L) (GP), LLC						Delaware
StepStone PH (GP), LLC						Delaware
StepStone PH Infra (GP), LLC						Delaware
StepStone PH Infra Equity (GP), LLC						Cayman Islands
StepStone PI (GP), LLC						Delaware
StepStone PIFSS Real Estate (GP), LLC						Cayman Islands
StepStone PIFSS Real Estate II (GP), LLC						Cayman Islands
StepStone Polaris (GP), LLC						Delaware
StepStone PPA (GP), LLC						Delaware
StepStone PPL Secondaries (GP), LLC						Delaware
StepStone PRIVATE ACCESS (GP), LLC						Delaware
StepStone PTS Infrastructure Secondary Opportunities (GP), LLC						Cayman Islands
StepStone Puma (GP), L.P.						Delaware
StepStone Puma (GP), LLC						Delaware
StepStone PV Investment Program (GP), LLC						Cayman Islands
StepStone R (GP), LLC						Delaware
StepStone RE European Investments (V) S.à r.l.						Luxembourg
StepStone Real Estate Partners IV (GP) S.À.R.L.						Luxembourg
StepStone Real Estate Partners V (GP) S.À.R.L.						Luxembourg
StepStone Real Estate Partners V Sidecar 892 Parallel (GP), LLC						Delaware
StepStone REP III (GP) (Cayman), LLC						Cayman Islands
StepStone REP III (GP), LLC						Delaware
StepStone REP IV (GP Cayman), LLC						Cayman Islands
StepStone REP IV (GP), LLC						Delaware
StepStone REP V (GP Cayman), LLC						Cayman Islands
StepStone REP V (GP), LLC						Delaware
StepStone RIVAS (GP), LLC						Delaware
StepStone Rosa GP LLC						Delaware
StepStone Sanabil (GP), LLC						Delaware
StepStone Scorpio (GP), LLC						Cayman Islands
StepStone Secondaries II (GP), LLC						Delaware
StepStone Secondaries III (GP) S.À R.L.						Luxembourg
StepStone Secondaries III (GP), LLC						Delaware
StepStone Secondaries IV (GP) S.À R.L.						Luxembourg
StepStone Secondaries IV (GP), LLC						Delaware
StepStone Secondaries V (GP) S.À R.L.						Luxembourg
StepStone Secondaries V (GP), LLC						Delaware
StepStone Secondaries V Overage (GP) S.À R.L.						Luxembourg
StepStone Secondaries V Overage (GP), LLC						Cayman Islands
StepStone Secondaries VI (GP) S.à r.l.						Luxembourg

6

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StepStone Secondaries VI (GP), LLC						Delaware
StepStone SEDCO (GP), LLC						Delaware
StepStone SL (GP), LLC						Cayman Islands
StepStone Sprout (GP), LLC						Cayman Islands
StepStone SRA Co-Investment Partnership (GP), LLC						Delaware
Stepstone Sun (MM), LLC						Delaware
StepStone Sunstone (GP), LLC						Delaware
StepStone T Real Estate (GP), LLC						Cayman Islands
StepStone Tactical Growth (GP), LLC						Delaware
StepStone Tactical Growth Fund IV (GP), LLC						Cayman Islands
StepStone Tactical Growth II (GP), LLC						Delaware
StepStone Tactical Growth III (GP), LLC						Delaware
StepStone Tactical Growth IV (GP) S.à r.l.						Luxembourg
StepStone TC (GP), LLC						Cayman Islands
StepStone TC Infra (GP), LLC						Cayman Islands
StepStone Thunderbird (GP), LLC						Delaware
StepStone TI1 (GP), Ltd						Cayman Islands
StepStone TI1 Sub (GP), LLC						Cayman Islands
StepStone TM IO, LLC						Cayman Islands
StepStone TRI GP LLC						Delaware
StepStone TS (GP), LLC						Delaware
StepStone UWF Secondaries (GP), L.P.						Delaware
StepStone UWF Secondaries Holdings (GP), LLC						Delaware
StepStone V (GP), LLC						Cayman Islands
StepStone V (GP), s.a.r.l.						Luxembourg
StepStone VC 2022-CCT GP LLC						Delaware
StepStone VC 2023 – Beta HF Holding GP LLC						Delaware
StepStone VC 2025-RDS GP LLC						Delaware
StepStone VC Ascend GP LLC						Delaware
StepStone VC Asia GP I, LLC						Cayman Islands
StepStone VC Asia I-GB GP, LLC						Delaware
StepStone VC Aspen GP LLC						Delaware
StepStone VC BC GP, LLC						Delaware
StepStone VC Blockchain GP I, LLC						Delaware
StepStone VC Blockchain GP II, LLC						Delaware
StepStone VC Bravo GP LLC						Delaware
StepStone VC Brazos GP LLC						Delaware
StepStone VC CAPI Fund GP LLC						Delaware
StepStone VC Crossover I GP, LLC						Delaware
StepStone VC D-1 (GP), LLC						Delaware
StepStone VC Diversity GP I, LLC						Delaware
StepStone VC Diversity GP II, LLC						Delaware
StepStone VC Early Stage GP I, LLC						Delaware
StepStone VC Early Stage GP II, LLC						Delaware
StepStone VC Early Stage GP III, LLC						Delaware

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StepStone VC Early Stage I-H GP LLC						Delaware
StepStone VC Early Stage I-LH GP LLC						Delaware
StepStone VC FF-GP II, Ltd.						Cayman Islands
StepStone VC FF-GP III, LLC						Delaware
StepStone VC FF-GP IV, LLC						Delaware
StepStone VC FF-GP, LLC						Delaware
StepStone VC F-II GP, LLC						Delaware
StepStone VC GE V GP, LLC						Delaware
StepStone VC General Partner GW, LLC						Delaware
StepStone VC Global Partners IX-M GP, LLC						Delaware
StepStone VC Global Partners IX-V GP, LLC						Delaware
StepStone VC GP (Healthcare), LLC						Delaware
StepStone VC GP IV, LLC						Delaware
StepStone VC GP IX, LLC						Delaware
StepStone VC GP V, LLC						Delaware
StepStone VC GP VI, LLC						Delaware
StepStone VC GP VII, Ltd.						Cayman Islands
StepStone VC GP VIII SARL						Luxembourg
StepStone VC GP VIII, Ltd.						Cayman Islands
StepStone VC GP X, LLC						Delaware
StepStone VC GP X-I, LLC						Delaware
StepStone VC Growth GP IV, LLC						Delaware
StepStone VC IL GP II LLC						Delaware
StepStone VC Impact GP I, LLC						Delaware
StepStone VC Impact GP II, LLC						Delaware
StepStone VC IX-R GP, LLC						Delaware
STEPSTONE VC KENT RIDGE GP LLC						Delaware
StepStone VC Master SPV GP LLC						Delaware
StepStone VC Mesa GP LLC						Delaware
StepStone VC Micro GP I, LLC						Delaware
StepStone VC Micro GP II, LLC						Delaware
StepStone VC Micro GP III LLC						Delaware
StepStone VC Micro GP IV LLC						Delaware
StepStone VC Micro GP V LLC						Delaware
StepStone VC Micro V SLP LLC						Delaware
StepStone VC Micro-K GP LLC						Delaware
StepStone VC MI-G GP, LLC						Delaware
StepStone VC NZ GP LLC						Delaware
StepStone VC Opportunities GP II, LLC						Delaware
StepStone VC Opportunities GP III, LLC						Delaware
StepStone VC Opportunities GP IV, LLC						Delaware
StepStone VC Opportunities GP V, LLC						Delaware
StepStone VC Opportunities GP VI, LLC						Delaware
StepStone VC Opportunities GP VII, LLC						Delaware
StepStone VC Secondaries GP I, LLC						Delaware

8

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StepStone VC Secondaries GP II, LLC						Delaware
StepStone VC Secondaries GP III, LLC						Delaware
StepStone VC Secondaries GP IV, LLC						Delaware
StepStone VC Secondaries GP V, LLC						Delaware
StepStone VC Secondaries GP VI LLC						Delaware
StepStone VC Secondaries GP VII LLC						Delaware
StepStone VC Secondaries VI (Lux) General Partner						Luxembourg
StepStone VC Secondaries VI (Lux) General Partner S.à r.l.						Luxembourg
StepStone VC SK GP, LLC						Delaware
StepStone VC SPV (AV IV) GP, LLC						Delaware
StepStone VC SPV IV, LLC						Delaware
StepStone VC SPV IX GP, LLC						Delaware
StepStone VC SPV, LLC						Delaware
StepStone VC Tilad GP LLC						Delaware
StepStone VC Wabash GP LLC						Delaware
StepStone VC XI GP, LLC						Delaware
StepStone VC XII GP LLC						Delaware
StepStone VC X-V GP, LLC						Delaware
StepStone VC Zilker GP LLC						Delaware
StepStone XL (GP), LLC						Delaware
StepStone Y (GP) LLC						Cayman Islands
Swiss Capital BG OL Private Debt Offshore SP						Cayman Islands
Swiss Capital BTC OL Private Debt Offshore SP						Cayman Islands
Swiss Capital Private Debt G.P. II LTD.						Cayman Islands
Swiss Capital Private Debt GP (Luxembourg) S.à r.l.						Luxembourg
Swiss Capital Private Debt GP II (Luxembourg) S.à r.l.						Luxembourg
Swiss Capital Private Debt GP Limited						Cayman Islands
Swiss Capital Private Debt Manager GP Limited						Cayman Islands
Swiss Capital SCL Fund G.P. Ltd.						Cayman Islands
VG Co-Investment EU PD						Luxembourg
VVF II Continuation Fund GP LLC						Delaware
SSG Z Global Property (GP), LLC						Cayman Islands
StepStone Real Estate II AIV (GP) S.à r.l.						Luxembourg
SSG PKE Private Credit Maggia GP Ltd						Cayman Islands
SSG PD CV GP Ltd						Cayman Islands
SICP II Europe (GP) S.a.r.l						Luxembourg
StepStone Capital VI (GP) S.a.r.l						Luxembourg
StepStone LS (GP) S.a.r.l						Luxembourg
StepStone VC Global Partners XII (Lux) General Partner S.à r.l.						Luxembourg
StepStone VC Global Partners GP VII, L.P.						Cayman Islands
StepStone VC Global Partners GP VIII, L.P.						Cayman Islands

9