Analyst, Private Debt Investments

Position Overview

StepStone Group is currently seeking a candidate with excellent quantitative, qualitative and interpersonal skills for an Analyst position within our Private Debt team in London. The Analyst will work in a collaborative team environment, reviewing private debt investment opportunities and conducting due diligence on selected fund managers. Investment opportunities may include Primary Funds, Separately Managed Accounts, Secondaries and Co-Investments.

The Analyst will have the opportunity to develop and articulate investment findings and contribute to recommendations presented by the investment team to the Firm’s Investment Committee. StepStone prides itself on its collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects.

The Analyst will engage with colleagues at all levels of the Firm, from Partners to peers, and will have the opportunity to interact with many of the leading fund managers in the private credit industry. This role requires adherence to the highest ethical standards, along with demonstrated maturity, reliability and strong attention to detail.

Essential Job Functions

• Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis
• Support Senior Research staff in managing and tracking the inflow of investment opportunities
• Assess marketing and supporting materials from prospective fund managers to identify key value drivers and areas for further investigation
• Help develop recommendations regarding prospective investments and communicate the supporting analysis effectively in written materials and team discussions, including Investment Committee meetings
• Write Fund Summaries and Investment Memorandums in line with StepStone standards
• Use creativity to analyze data and test hypotheses regarding the attractiveness of specific sectors and investment opportunities
• Form an independent opinion on the attractiveness of a credit strategy or fund as an investment opportunity and 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 ongoing due diligence

Education and/or Work Experience Requirements

• BA/BS in Finance, Economics, Accounting or another relevant field; Master’s degree preferred
• Relevant internship experience or up to 2 years of professional experience in investment banking, consulting, asset management, private markets or a related field
• Demonstrated track record of academic success
• Strong analytical capabilities, including writing and quantitative/modelling skills

Other Desired Skills/Attributes

• Ability to represent the Firm credibly in written and interpersonal communications
• Leadership potential
• High proficiency in Microsoft Word, PowerPoint and Excel
• StepStone is a dynamic and entrepreneurial organization, and all professionals are expected to perform multiple functions
• Ability to promote and demonstrate a positive, team-oriented attitude
• Exposure to valuation and investment analysis through academic, internship or professional experience