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Associate - Private Equity Investments

StepStone, New York

Solutions that span Private Markets


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 $570 billion of total capital allocations, including $134 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:

The Private Equity Associate will engage broadly in various areas of the private equity industry, including manager and fund
diligence for StepStone’s advisory practice, as well as diligence responsibilities for StepStone’s asset management business lines
(i.e., co-investment and secondaries practices).

As a part of StepStone’s advisory practice, your main responsibilities will be to contribute to all aspects of fund and manager
diligence, including:

  • Work in a team environment with other Research team members to target and perform due diligence on selected
    private equity fund managers
  • Analyze PPMs, financial statements and investment returns
  • Interpret financial analyses prepared by target fund managers, including investment track records; prepare valuation
    analyses on private companies using a variety of metrics
  • Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important
    areas for further investigation
  • Conduct reference calls and personal interviews as a part of manager diligence
  • Present recommendations to the investment team and the Firm’s Investment Committee
  • Monitor the performance of the Firm's existing fund managers and underlying portfolio companies; prepare for and
    participate in meetings with assigned managers, and conduct on-going due diligence

As part of co-investment and secondaries diligence, your main responsibilities will be to contribute to all aspects of co-investment
and secondary deal processes, including:

  • Deal sourcing, screening and conducting due diligence on private equity secondary and direct co-investments
  • Interact with fund managers/portfolio company management teams to conduct in-depth portfolio and asset-level
    underwriting and analysis
  • Perform quantitative and qualitative research and financial modelling/analysis on companies and assets across
    stages (i.e., buyout, venture capital/growth equity, distressed/credit, etc.), industries and geographies
  • Work with outside groups, such as fund managers, company management teams and investment bankers, as well as
    internally at StepStone, to perform due diligence and find new opportunities
  • Preparation and presentation of due diligence materials and investment committee memos
  • Construct an opinion around various investment opportunities and efficiently communicate it both verbally and in
    written materials; with the ability to defend your position in a team environment, including investment committee
    meetings
  • Support negotiation/coordination of deal closing/structuring process and post-close monitoring of existing investments

Education and/or Work Experience Requirements:

  • Stellar academic record (university and GPA)
  • 2-4 years of top-tier investment banking, consulting and/or private equity experience

Required Knowledge, Skills, and Abilities

  • Excellent quantitative skills, including financial modelling, analytical and valuation skills for purpose of evaluating
    investment opportunities
  • Capable of multi-tasking with strong attention to detail
  • Strong sense of risk/reward trade-offs, and an ability to display sound investment judgement
  • Self-starter, with strong abilty to think creativity and conduct research to solve problems or find solutions
  • Ability to communicate and present ideas effectively, both verbally and in writing
  • Fluent (written and spoken) English

Other Attributes:

  • Flexibility—StepStone is a young and entrepreneurial organization; all professionals are expected to perform multiple
    functions as the firm continues to grow and develop
  • Promote and demonstrate a positive, team-oriented attitude, with desire to work on various projects

About us

Working out of 23 offices in 14 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.  

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.  

Developing People at StepStone

Your employment will also be subject to various firm policies and guidelines, including return to workplace guidelines for your office (which require, where legally permitted, all U.S. employees to have their vaccinations against COVID-19 up to date in order to enter one of our offices or attend a firm-sponsored event).

 

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.

StepStone

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