Exhibit 21.1
SUBSIDIARIES OF STEPSTONE GROUP INC. (as of February 16, 2021)
| Name of Subsidiary |
Jurisdiction/State of Incorporation | |
| SRA Capital (Canada) LTD. | British Columbia, Canada | |
| Stepstone Conversus LLC | Delaware | |
| Stepstone Europe Limited | England and Wales | |
| Stepstone GC Manager, L.P. | Delaware | |
| StepStone Gestão de Recursos Ltda. | Brazil | |
| Stepstone Group (CHINA) Limited | China | |
| Stepstone Group (HK) Limited | Hong Kong | |
| Stepstone Group Europe LLP | United Kingdom | |
| Stepstone Group Holdings LLC | Delaware | |
| Stepstone Group LP | 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 Partners, L.P. | Delaware | |
| Swiss Capital Alternative Investments AG | Switzerland | |
| Swiss Capital Alternative Investments G.P. LTD. | Switzerland | |
| StepStone Group Europe Alternative Investments Limited | Ireland | |
| Stepstone Verwaltungs Gmbh | Germany | |
| Stepstone Diversified FundS GP, LLC | Cayman Islands | |
| Stepstone E (GP) LLC | Delaware | |
| Stepstone E Offshore (GP) LLC | Cayman Islands | |
| Stepstone East Town (GP), LLC | Cayman Islands | |
| Stepstone European Fund GP, S.À.R.L. | Luxembourg | |
| Stepstone FERRO (GP), LLC | Delaware | |
| Stepstone FSS (GP), LLC | Delaware | |
| Stepstone G (GP), LLC | Delaware | |
| Stepstone GC GP, LLC | Delaware | |
| Stepstone H (GP), LLC | Delaware | |
| Stepstone HF (GP), LLC | Delaware | |
| Stepstone JP (GP) II, LLC | Delaware | |
| Stepstone JP (GP), LLC | Delaware | |
| Stepstone K Infrastructure (GP), LLC | Cayman Islands | |
| Stepstone K Opportunities (GP), LLC | Delaware | |
| Stepstone K Real Estate (GP), LLC | Cayman Islands | |
| Stepstone KF (GP), LLC | Delaware | |
| Stepstone LMM (GP), LLC | Delaware | |
| Stepstone Maple (GP), LLC | Delaware | |
| Stepstone Mexico I (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 SIERA (GP), LLC | Delaware | |
| Stepstone NPS SIRA II (GP), LLC | Cayman Islands | |
| Stepstone OH Secondaries (GP), LLC | Delaware | |
| Stepstone Opportunities Fund G.P. Ltd | Cayman Islands | |
| Stepstone P (GP), LLC | Cayman Islands | |
| Stepstone P Real Assets (GP), LLC | Cayman Islands | |
| Stepstone PC GP, LLC | Delaware | |
| Stepstone PH (GP), LLC | Delaware | |
| Stepstone PIFSS Real Estate (GP), LLC | Cayman Islands | |
| Stepstone PPL Secondaries (GP), LLC | Delaware | |
| Stepstone PRIVATE ACCESS (GP), LLC | Delaware | |
| Stepstone R (GP), LLC | Delaware | |
| Stepstone Real Estate Partners IV (GP) S.À.R.L. | Luxembourg | |
| Stepstone REP III (GP) (Cayman), LLC | Cayman Islands | |
| Stepstone REP III (GP), LLC | Delaware | |
| Stepstone REP IV (GP Cayman), LLC | Delaware | |
| Stepstone REP IV (GP), LLC | Cayman Islands | |
| Stepstone RIVAS (GP), LLC | Delaware | |
| Stepstone SCORPIO (GP), LLC | Cayman Islands | |
| Stepstone Secondaries (GP), LLC | Delaware | |
| 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 SEDCO (GP), LLC | Delaware | |
| Stepstone SL (GP), LLC | Cayman Islands | |
| Stepstone Sunstone (GP), LLC | Delaware | |
| Stepstone Tactical Growth (GP), LLC | Delaware | |
| Stepstone Tactical Growth II (GP), LLC | Delaware | |
| Stepstone Tactical Growth III (GP), LLC | Delaware | |
| Stepstone TS (GP), LLC | Delaware | |
| Stepstone UWF Secondaries (GP), L.P. | Delaware | |
| Stepstone UWF Secondaries Holdings (GP), LLC | Delaware | |
| Stepstone XL (GP), LLC | Delaware | |
| Swiss Capital Private Debt G.P. (Luxembourg) S.À.R.L. | Luxembourg | |
| Swiss Capital Private Debt G.P. II (Luxembourg) S.À.R.L. | Luxembourg | |
| Swiss Capital Private Debt G.P. II LTD. | Cayman Islands | |
| SSG Private Debt G.P. III (Luxembourg) S.À R.L. | Luxembourg |
| Swiss Capital Private Debt G.P. LTD | Cayman Islands | |
| Swiss Capital Private Debt Manager G.P. LTD | Cayman Islands | |
| Swiss Capital SCL Fund G.P. Ltd. | Cayman Islands | |
| Private EquityPortfolio G.P. CO. | Cayman Islands | |
| Real Estate Fund I Domestic GP, LLC | Delaware | |
| Real Estate Fund I International GP, LLC | Delaware | |
| Real Estate Fund II GP, LLC | Delaware | |
| Silverstone III (GP), LLC | Delaware | |
| SSG Private Debt Manager G.P. II (Cayman) Ltd. | Cayman Islands | |
| SSG ME Infrastructure (GP), LLC | Cayman Islands | |
| SSG ME Real Estate (GP), LLC | Cayman Islands | |
| SSG Peninsula (GP), LLC | Cayman Islands | |
| Stepstone A (GP), LLC | Delaware | |
| Stepstone AEGON (GP), LLC | Delaware | |
| Stepstone AMP (GP), LLC | Delaware | |
| Stepstone AP (GP), LLC | Delaware | |
| Stepstone Atlantic (GP), L.P. | Delaware | |
| Stepstone ATLAS (GP), LLC | Delaware | |
| Stepstone AZ China and Asia (GP), LLC | Delaware | |
| Stepstone AZ Secondaries (GP), LLC | Delaware | |
| Stepstone B (GP), LLC | Cayman Islands | |
| Stepstone B II-G (GP), LLC | Cayman Islands | |
| Stepstone B II-R (GP), LLC | Cayman Islands | |
| Stepstone BVK (GP), S.À R.L. | Luxembourg | |
| Stepstone C (GP), LLC | Delaware | |
| Stepstone Capital III (GP) S.À.R.L. | Luxembourg | |
| Stepstone Capital III (GP), LLC | Cayman Islands | |
| Stepstone Capital IV (GP) S.À.R.L. | Luxembourg | |
| Stepstone Capital IV (GP), LLC | Cayman Islands | |
| Stepstone CGC Opportunities (GP), Limited | Cayman Islands | |
| Stepstone Co-Investment FundS GP, LLC | Delaware | |
| Stepstone Co-Investment FundS GP, LLC | Delaware | |
| StepStone PH Infra Equity (GP), LLC | Cayman Islands | |
| STEPSTONE PTS INFRASTRUCTURE SECONDARY OPPORTUNITIES (GP), LLC | Cayman Islands | |
| StepStone HCSCMPTEPP (GP), LLC | Delaware | |
| StepStone PH Infra (GP), LLC | Delaware | |
| StepStone B II-G (GP), LLC | Cayman Islands | |
| StepStone B II-R (GP), LLC | Cayman Islands | |
| StepStone HB Real Estate (GP), LLC SSG PIF Insurance GP Ltd SSG Private Credit (US) GP LLC |
Cayman Islands Cayman Islands Delaware |