1H 2027 Private Equity Intern

The Team You’ll Join

StepStone’s Private Equity (PE) team diligences and invests in opportunities across the private equity landscape. The team invests directly in companies alongside other sponsors, completes LP and GP-led secondary transactions, and evaluates primary investment capabilities on behalf of StepStone’s advisory and discretionary clients. Through analysis of leveraged buyout deals and funds, the team works across a wide array of industries and capital structures.

About the Role

StepStone is looking for a highly motivated university student to join our Private Equity team as an intern. This internship offers an exciting opportunity to gain hands-on experience across the private equity industry. Interns will analyze leveraged buyouts, growth equity, and distressed private equity funds and investments, building a strong understanding of industries, capital structures, and private equity funds and investment strategies.

What You’ll Do

As an intern, you will work collaboratively in a team environment to conduct due diligence, financial modeling, and preparation of investment memorandums across our investment verticals: private equity fund investments, co-investments, and secondary transaction opportunities. You will also contribute to investment recommendations and present them to the Firm’s Investment Committee.

Key Responsibilities

• Analyze and conduct diligence on co-investment opportunities and secondary transactions
• Interact with fund managers and portfolio company management teams to conduct in-depth portfolio and asset-level underwriting and analysis
• Perform quantitative and qualitative research and financial modeling/analysis on companies and assets across stages (e.g., buyout, distressed), industries, and geographies
• Conduct due diligence on potential fund investments (team, strategy, performance) and synthesize findings into an investment memorandum for presentation to the Firm’s Investment Committee
• Speak with senior executives to gather insights regarding the style and effectiveness of target fund managers
• Perform market research using publicly available information and proprietary databases to identify, quantify, and analyze macroeconomic trends across a variety of industry sectors
• Construct an argument around an opinion and communicate it effectively

What We’re Looking For

• Must be able to work legally in Singapore without requiring visa sponsorship now or in the future
• Must complete your studies (all final exams and coursework, with no outstanding requirements for graduation) between December 2027 and July 2028
• Must be able to work full-time hours from January 2027 through June 2027
• GPA of 4.0 out of 5.0 or higher
• Strong proficiency in Microsoft Word, PowerPoint, and Excel
• Excellent written and verbal communication skills
• Demonstrable analytical capabilities, including strong quantitative/modeling skills
• Collaborative mindset with a proactive, team-oriented approach

Why Join Us?

At StepStone, we foster a supportive and inclusive team culture where collaboration and learning are at the core of what we do. Our collegial atmosphere encourages teamwork, mentorship, and professional development. This internship is a great opportunity to gain practical experience and develop critical skills to help you launch a successful career in private equity.

Work Arrangement: #LI-Hybrid