Due from affiliates in the condensed 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
	June 30, 2026		March 31, 2026
Amounts receivable from StepStone Funds	$	97,854	$	58,257
Amounts receivable from employees	39,700		39,558
Amounts receivable from loans	15,465		15,335
Total due from affiliates	$	153,019	$	113,150

Due to affiliates in the condensed 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
	June 30, 2026		March 31, 2026
Amounts payable to non-controlling interest holders in connection with Tax Receivable Agreements	$	341,137	$	344,210
Amounts payable to StepStone Funds	25,661		18,623

Total due to affiliates	$	366,798	$	362,833