Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
STEPthis companyStepStone Group Inc.	$48.26	-7.02×	-9.27×	1.92×	-4.61×	-57.3%	51.0%	-51.3%	-26.2%	126.1%	-18.6%	1.7%	-3.16×	-0.21×	-55.31×	1.49×	3.1%	4	0.19	2	C
ARESAres Management Corporation	$136.16	82.46×	8.22×	5.43×	28.68×	-41.6%	74.8%	27.2%	8.2%	12.3%	5.1%	9.1%	3.49×	5.84×	2.3×	2.24×	5.0%	5	1.52	1	D+
BAMBrookfield Asset Management Ltd.	$53.70	34.02×	10.4×	18.33×	26.53×	-55.8%	70.2%	65.8%	53.9%	30.6%	17.9%	2.5%	0.36×	0.42×	26.38×	1.43×	3.3%	4	6.5	3	B
BXBlackstone Inc.	$121.49	39.73×	13.89×	8.7×	27.06×	-64.8%	86.0%	51.9%	21.8%	34.8%	13.6%	1.4%	1.54×	1.48×	14.12×	0.91×	5.0%	6	3.83	3	B
CGThe Carlyle Group Inc.	$40.48	26.27×	3.69×	4.34×	21.66×	-28.5%	65.9%	26.2%	16.5%	14.0%	3.6%	6.4%	2.41×	7.25×	10.35×	15.72×	2.4%	3	0.59	2	C+
GCMGGCM Grosvenor Inc.	$12.95	13.01×	21.81×	1.07×	4.73×	-95.0%	99.2%	26.9%	8.2%	168.1%	20.4%	29.7%	17.79×	1.36×	9.65×	2.34×	4.3%	7	2.7	3	B
Peer median	—	34.02×	10.4×	5.43×	26.53×	-55.8%	74.8%	27.2%	16.5%	30.6%	13.6%	6.4%	2.41×	1.48×	10.35×	2.24×	4.3%	5	2.7	3	—