Senior Associate - Private Debt Investments

StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively. Position Overview: StepStone Group is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for a Senior Associate position within our Private Debt team. The Senior Associate will be based in New York and work in a team environment with other StepStone team members to review private debt opportunities and perform due diligence on selected GPs. The investment opportunities can encompass Primary Funds, Separately Managed Accounts, Secondaries or Co-Investments. The Senior Associate will have the opportunity to articulate findings and present recommendations, with the investment team, to the Firms Investment Committee. StepStone prides itself on the Firms collegial atmosphere, encouraging team"building initiatives and a collaborative approach to accomplishing projects. The Senior Associate will have exposure to all levels of the Firm, from the Partners to fellow peers, on a daily basis. The Senior Associate will have opportunities to interact with many of the top fund managers in the private credit industry. The ideal candidate will possess a bachelors degree and 4+ years of investment banking, consulting or other relevant experience. The Senior Associate will adhere to the highest ethical standards, as well as demonstrate maturity, reliability and attentiveness to detail. Essential Job Functions: Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of credit strategies Support Senior Research staff on managing and tracking 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 Help construct an argument regarding a decision 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 firms existing fund managers and underlying investments; prepare for and participate in meetings with assigned managers, and conduct on"going due diligence Education and/or Work Experience Requirements: BA/BS in Finance, Economics, Accounting or equivalent relevant degree Demonstrated track record of academic success Demonstrable analytical capabilities, including strong writing and quantitative/modeling skills Other Desired Skills/Attributes: Ability to represent the firm credibly in written and interpersonal communications Leadership potential High proficiency in Word, Power Point 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 experience in valuation and investment analysis Salary Range - $130,000 to $160,000 About us Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business. Join us When you choose to work at StepStone, youll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform. StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package. Benefits We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives. Disclaimer / Policy Statements At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion. 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. Developing People at StepStone LI-Hybrid

Created: 2024-11-01