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We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
Position Overview:
StepStone Group is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for an Analyst position within our Private Debt team. The Analyst will be based in New York 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 degree and 2+ years of 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 analyze 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 analyze 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
- Analyze 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 or equivalent relevant degree
- Demonstrated track record of academic success
- Demonstrable analytical capabilities, including strong writing and quantitative/modeling skills
- One to two years of private credit investment 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
Salary Range: $95,000 - $115,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
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.
Developing People at StepStone
StepStone Group New York, New York, USA Office
450 Lexington Avenue, 31st, New York, NY, United States, 10017
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