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.
Position Overview
The Principal of StepStone Group venture capital team will play a critical role in the sourcing, underwriting and asset management of new investments across our venture investment platform. The Principal will be responsible for supporting the business in relation to its venture capital activities, as well as supporting with the review and diligence of new investment opportunities as they arise.
Essential Job Functions:
- Strong stakeholder interaction skills – must have exceptional ability to interact with clients globally, partners, management teams, GPs and develop new client relationships
- Support Senior Research staff on sourcing and managing the inflow of investment opportunities
- Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
- Ability to manage an advisory process
- Develop and manage relationships with investment managers, advisors and brokers to source investment opportunities
- Source and lead potential venture funds, expansion stage start-up and secondary investments
- Perform broad scale industry research and analysis to learn about and understand industry landscapes within our focus areas, and advise the broader investment team accordingly
- Interpret financial analyses prepared by target fund managers, including investment track records; prepare valuation analyses on private companies using a variety of metrics
- Develop strong direct relationships with prospective clients and current investors in order to generate new business opportunities and fundraise for venture capital and growth
- Lead discussions with client/investor relationships to provide transparency into the portfolio and pipeline of investments
- Construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetings
- Use creativity to source and analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Analyze and monitor the performance of the Firm's existing fund managers and underlying portfolio companies; prepare for and participate in meetings with assigned managers, and conduct on-going due diligence
- Lead teams as necessary to tackle new initiatives
- Assist with developing and mentoring junior staff
- Oversight of all aspects of investment underwriting, including market analysis, due diligence, assessment of the management teams capabilities and expertise, etc.
Education and/or Work Experience Requirements:
- Bachelor's degree in finance, physics, mathematics, accounting, computer science, engineering or related
- 7+ years working in venture capital, private equity, finance, engineering, start-up operations, consulting or similar industry
Required Knowledge, Skills, and Abilities
- Ability to represent the Firm credibly in written and interpersonal communications
- Demonstrable analytical capabilities, including strong quantitative/modeling skills
- Leadership potential
- High proficiency in Microsoft Office Suite
- Developing investment judgment and general understanding of risk/reward trade-offs
- Flexibility—StepStone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions as the firm continues to grow and develop
- Travel 5 to 7 days per month, primarily domestically
Other Attributes:
- A willingness to support all areas of our business, including our fund and direct investment strategies, both on a primary and secondary basis
- Hard working self-starter with an entrepreneurial mindset who excels with little direction
- An executive presence with the confidence to state your opinion and advocate for it
Salary range: $215,000 - $235,000
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.
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.
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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.
