Due from affiliates in the consolidated balance sheets consists primarily of fees and accounts receivable from the StepStone Funds, advances made on behalf of the StepStone Funds for the payment of certain organization and operating costs and expenses for which the Company is subsequently reimbursed, amounts due from employees and loans due from affiliated entities, as set forth below.


	As of March 31,
	2026		2025
Amounts receivable from StepStone Funds	$	58,257	$	65,765
Amounts receivable from employees	39,558		12,919
Amounts receivable from loans	15,335		14,039
Total due from affiliates	$	113,150	$	92,723

Due to affiliates in the consolidated balance sheets consists primarily of amounts payable to certain non-controlling interest holders in connection with the Tax Receivable Agreements, amounts payable to the StepStone Funds and amounts due to employee equity holders of consolidated subsidiaries, as set forth below.


	As of March 31,
	2026		2025
Amounts payable to non-controlling interest holders in connection with Tax Receivable Agreements	$	344,210	$	313,749
Amounts payable to StepStone Funds	18,623		18,072

Total due to affiliates	$	362,833	$	331,821