StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $675 billion of total capital allocations, including more than $169 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
Position Overview:
StepStone Group is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for an Analyst position within our Private Debt team with a primary focus on European Direct Lending. The Analyst will be based in London and work in a team environment with other StepStone team members to review private debt opportunities and perform due diligence on selected GPs. The investment opportunities can encompass Primary Funds, Separately Managed Accounts, Secondaries or Co-Investments. The Analyst will have the opportunity to articulate findings and present recommendations, with the investment team, to the Firm’s Investment Committee. StepStone prides itself on the Firm’s collegial atmosphere, encouraging team‐building initiatives and a collaborative approach to accomplishing projects.
The Analyst will have exposure to all levels of the Firm, from the Partners to fellow Analysts, on a daily basis. The Analyst will have opportunities to interact with many of the top fund managers in the private credit industry. The ideal candidate will possess a bachelor’s or master’s degree and 1-2 years of private credit, investment banking, consulting or other relevant experience. The Analyst will adhere to the highest ethical standards, as well as demonstrate maturity, reliability and attentiveness to detail.
Essential Job Functions:
- Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis
- Perform market research using publicly available information and proprietary databases to identify, quantify and analyse macroeconomic trends across a variety of credit strategies
- Support Senior Research staff on managing and tracking the inflow of investment opportunities
- Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
- Help construct an argument regarding a decision to invest or not invest, and communicate that argument efficiently in written materials; be able to defend position in a team environment, including Investment Committee meetings
- Write Fund Summaries and Investment Memorandums in line with StepStone standards
- Use creativity to analyse data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Form an independent opinion about the attractiveness of a credit strategy or a fund as an investment opportunity; clearly articulate findings
- Analyse and monitor the performance of the firm's existing fund managers and underlying investments; prepare for and participate in meetings with assigned managers, and conduct on‐going due diligence
Education and/or Work Experience Requirements:
- BA/BS in Finance, Economics, Accounting, STEM, or equivalent relevant degree
- Demonstrated track record of academic success
- Demonstrable analytical capabilities, including strong writing and quantitative/modelling skills
- One to two years of private credit, investment banking, consulting or other relevant experience
Other Desired Skills/Attributes:
- Ability to represent the firm credibly in written and interpersonal communications
- Leadership potential
- High proficiency in Word, Power Point and Excel
- Flexibility—StepStone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions
- Ability to promote and demonstrate a positive, team‐oriented attitude
- Applied experience in valuation and investment analysis
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
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What We Do
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals.StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
