We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
The Director will work in a team environment with other StepStone team members and will focus on (a) Research and (b) Advisory. StepStone prides itself on the Firm’s collegial atmosphere, encouraging team‐building initiatives and a collaborative approach to accomplishing projects. The Director will have exposure to all levels of the Firm, from the Partners to Analysts, on a daily basis.
ESSENTIAL JOB FUNCTIONS:Research (encompasses research on Primary Funds, Separately Managed Accounts, Secondaries and Co-Investments):
- Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
- Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis
- Assist in constructing arguments regarding decisions to invest or not invest, and communicate that argument efficiently in written materials; be able to defend position in a team environment, including Investment Committee meetings
- Write Fund Summaries and Investment Memorandums in line with StepStone standards
- Use creativity to analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Form an independent opinion about the attractiveness of a credit strategy or a fund as an investment opportunity; 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 on‐going due diligence
Advisory:
- Interact directly with and co-manage relationships with clients with an allocation to Private Debt including periodic calls and meetings; be able to present research views, and convincingly discuss and defend the choice of investment strategies and individual investment opportunities
- Develop and present portfolio allocation and cash flow models using StepStone portfolio construction tools consistently with client’s risk and return requirements
- Assist in constructing investment guidelines for client mandates; develop portfolio allocations to individual strategies, investment sizing guidelines, and construct investment pipelines
- Regularly monitor the performance of client portfolios; present and convincingly communicate to clients the performance of their portfolio and individual investments
- Assist Sales and Client Support teams on Requests for Proposals (RFPs), the preparation of client portfolio materials, and any queries regarding portfolio construction, the suitability of specific investments to client portfolios, and other portfolio management and investment selection queries
- BA/BS in Business, Finance, Economics or Accounting, or equivalent relevant experience
- Demonstrated track record of academic and professional success
- Proven ability to represent firm in written and interpersonal communications
- Strong, demonstrable analytical capabilities, including strong quantitative/modeling skills
- Leadership experience
- Ability to represent the firm credibly in written and interpersonal communications
- Leadership potential
- High proficiency in Word, PowerPoint and Excel
- Flexibility – Stepstone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions
- Ability to promote and demonstrate a positive, team-oriented attitude
- Applied experienced in valuation and investment analysis
Salary: $195,000 - $215,000
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
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At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Candidates must be at least 18 years old to apply.
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What We Do
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals.StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
