StepStone Group Inc. filed a Form 8-K on November 12, 2026, disclosing that Co-Chief Operating Officer Jose A. Fernandez stepped down from his executive officer role effective November 11, 2026, and that Co-COO Jason P. Ment's title and responsibilities were simultaneously restructured.

Key Highlights

  • Fernandez departure: Jose A. Fernandez notified the company on November 10, 2026, of his decision to step down as Co-Chief Operating Officer, effective November 11, 2026.
  • Continued role: Fernandez will remain at the firm as a Partner on the private equity investment team, focusing on investments and client management.
  • Ment restructuring: Jason P. Ment simultaneously ceased to serve as Co-Chief Operating Officer but continues as President of the company.
  • Oversight shift: Corporate operational functions are now overseen by CEO Scott W. Hart and President Jason P. Ment as of the Transition Date.
  • Investment operations: Functions relating to investment and fund operations across the firm's asset classes, which previously reported to Ment and Fernandez, now report to an existing employee who oversees such functions.
  • No compensation changes: According to the filing, there are no immediate changes to the compensation arrangements of either Mr. Fernandez or Mr. Ment in connection with the foregoing.

StepStone Reorganizes Co-COO Structure After Fernandez Transition

According to the Form 8-K filed with the SEC on November 12, 2026, StepStone Group Inc. (NASDAQ:STEP) disclosed that Jose A. Fernandez informed the company on November 10, 2026, of his decision to step down as Co-Chief Operating Officer. His departure as an executive officer became effective November 11, 2026, which the filing refers to as the "Transition Date." The filing states that Fernandez will continue to serve as a Partner on the private equity investment team, focusing on investments and client management.

In connection with Fernandez's transition, the filing disclosed that Jason P. Ment also ceased to serve as Co-Chief Operating Officer as of the Transition Date. Ment will continue in his role as President of the company and, according to the filing, "will devote additional time to the firm's growth priorities, including solutions for private wealth, defined contribution and insurance investors." Corporate operational functions are now overseen jointly by Chief Executive Officer Scott W. Hart and Ment.

The filing further noted that investment and fund operations functions across the firm's asset classes, which previously reported to Ment and Fernandez, now report to an existing employee who oversees such functions. The filing did not identify that employee by name. The company disclosed that there are no immediate changes to the compensation arrangements of either Fernandez or Ment in connection with these changes.

What Was Disclosed

StepStone Group reported the departure of Jose A. Fernandez as Co-Chief Operating Officer effective November 11, 2026, the concurrent title change for Jason P. Ment, a realignment of operational oversight to CEO Scott W. Hart and Ment, and no immediate compensation changes for either individual.