Analyst, Private Equity Secondaries

Position Overview

The Analyst will be an integral part of StepStone's Private Equity Secondaries investment team, which recently closed its fifth fund with $7.4 billion of total capital commitments. StepStone deploys billions of dollars per year in private equity secondary deals, including GP-led transactions, LP interests in private equity funds, and structured secondary deals (e.g., team spin-outs, direct investments, fund recapitalizations, and other special situations).

StepStone prides itself on a collegial atmosphere that encourages team-building initiatives and a collaborative approach. The role has exposure to all levels of the firm globally, from Partners to fellow Analysts, on a daily basis.

Responsibilities

Your main responsibility will be to contribute to all aspects of the secondary deal process, including:

• Sourcing, screening, and conducting due diligence on European private equity secondary investments (both LP and GP-led transactions);
• Interacting with management teams and fund managers to conduct in-depth asset and portfolio-level analysis;
• Performing quantitative and qualitative research and financial modelling/analysis on companies and assets across stages, industries, and geographies;
• Preparing and presenting due diligence materials and investment committee memos;
• Constructing opinions around investment opportunities and communicating them effectively—verbally and in written materials—with the ability to defend recommendations in a team environment, including investment committee meetings;
• Supporting negotiation/coordination of deal closing/structuring and post-close monitoring of existing investments;
• Occasionally traveling for onsite due diligence and to sponsors’ annual meetings to monitor investments.

Requirements

• Stellar academic record (university and GPA);
• 1–2 years of private equity, top-tier investment banking and/or consulting experience;
• Excellent quantitative skills, including financial modelling, analytical, and valuation skills to evaluate investment opportunities;
• Strong sense of risk/reward trade-offs and the ability to make sound investment judgments;
• Strong appetite for self-directed learning, particularly in AI/automation, with demonstrated hands-on experimentation preferred;
• Self-starter with strong ability to think creatively and conduct research to solve problems or identify solutions;
• Ability to communicate and present ideas effectively, both verbally and in writing;
• Ability to multi-task with strong attention to detail;
• Positive, team-oriented attitude with a desire to work on various projects;
• Fluent (written and spoken) English; additional language skills are a plus.

Work Model

Hybrid