Private Debt Analyst

StepStone, New York, NY

Solutions that span Private Markets

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

About StepStone

StepStone is a global private markets firm providing customized investment and advisroy solutions to some of the most sophisticated investors in the world. With more than $230 billion of total capital allocations, including over $35 billion in assets under management, we cover the spectrum of opportunities in private markets across the globe. We prudently integrate fund investments, secondaries and co-investments across private equity, real estate, infrastructure and private debt to create solutions that are customized according to the objectives of any private markets investment program.


Want to learn more about StepStone? Visit StepStone's website.