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2023 Private Equity, Infrastructure & Real Assets Investments - Summer Analyst

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 $548 billion of total capital allocations, including $127 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.

StepStone Infrastructure and Real Assets

StepStone Infrastructure and Real Assets ("SIRA") was formed in 2014 and is the infrastructure and real assets business group of StepStone. SIRA oversees US$64 billion of infrastructure and real assets allocations and in 2021 committed more than US$13 billion of capital across primaries, secondaries and co-investments. Led by 7 partners with an average of 21 years of infrastructure and real assets experience and supported by a team of dedicated professionals, SIRA provides clients with an “on-the-ground” presence in Australia, Europe, the United Kingdom and North America with deep experience in infrastructure, energy, agriculture and natural resources. 

Role Overview

StepStone is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for a summer analyst position on StepStone’s Infrastructure and Real Assets Team. StepStone offers Summer Analysts a unique opportunity to obtain valuable work experience within the private equity Infrastructure industry. Through analysis of underlying sectors and sub-sectors such as transportation, telecommunications, utilities, power, energy, logistics, renewables, social, sustainability and impact investing, Summer Analysts gain exposure to a wide array of companies, assets and capital structures, and become familiar with a wide variety of infrastructure funds and transactions.

The Summer Analysts will work in a team environment to target and perform due diligence on opportunities across SIRA’s investment verticals including: infrastructure fund investments, co-investment transactions and secondaries transactions. The intern will have the opportunity to prepare and present recommendations, with the investment team, to SIRA’s Investment Committee.

StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The ideal candidate will possess strong academic achievement, a strong work ethic, high quality writing skills, a solid grasp of basic quantitative methods, and a demonstrated interest and/or background in the investment industry.

Essential Internship Functions                                                                                                                      

  • Perform market research using publicly available information and proprietary databases to identify, quantify and analyze trends across a variety of sectors
  • Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis; prepare valuation analyses on private companies or privately-owned assets using a variety of methods including discounted cash flow and transaction comparables
  • Assist in the creation and sensitizing of Excel based financial models related to funds and investments
  • Support Senior Research staff on managing and tracking the inflow of investment opportunities
  • Help construct an argument regarding a decision to invest or not invest, and communicate that argument efficiently in written materials (in MS Word and Powerpoint form)
  • Form an independent opinion about the attractiveness of a sector or investment opportunity by using creativity to analyze data; clearly articulate findings
  • Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
  • Analyze and monitor the performance of the firm's existing fund managers and underlying portfolio companies; participate in meetings with senior executives of target fund managers
  • Analyze and conduct diligence on co-investment opportunities and secondary transactions

Qualifications

  • Pursuing BA/BS or master degree in Finance, Economics, Accounting or Law, or equivalent relevant experience
  • High proficiency in MS Word, Power Point and Excel
  • Demonstrated track record of academic success
  • Strong written and verbal communication skills
  • Strong, demonstrable analytical capabilities, including strong quantitative/modeling skills
  • Team player and strong work ethic

Experience our culture at StepStone as an intern. 

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.  

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.