2027 Private Equity Summer Analyst

StepStone Group; Greater London; On-site; GBP 18,000 - 28,000; Full time

Benefits offered by this job

Mentorship programs

Professional development

Job summary

StepStone is seeking penultimate-year undergraduates, final-year students or master's students for a Summer Analyst internship on our Private Equity team. You will gain hands-on experience across private equity, including fund investments, co-investments and secondaries, with exposure to a broad range of industries and deal structures.

You will build financial models, prepare investment memorandums, and present recommendations to the Firm's Investment Committee while collaborating with senior

Qualifications

• Penultimate-year undergraduate or final-year student or master's student.
• Graduating between December 2026 and June 2027.
• At least one 3- or 6-month internship in finance, consulting or related area.
• Proficient with MS Word, PowerPoint and Excel.
• Familiarity with AI tools is desirable.
• Exceptional written and verbal communication skills.
• Strong quantitative and modeling capabilities.
• Ability to represent the Firm credibly in written and oral communications.
• Flexible, team-oriented attitude; willingness to perform multiple functions.
• Foreign language skills are desirable.

Responsibilities

• Target and perform due diligence on opportunities across the Private Equity team’s verticals.
• Conduct financial modelling and prepare investment memorandums.
• Prepare and present recommendations to the Investment Committee.
• Interact with fund managers and portfolio company management teams.
• Perform market research and analyze macro trends across sectors and geographies.
• Synthesize findings into investment memorandums for committee review.

Skills

Analytical skills

Strong communication

Team player

Adaptable / flexible

Education

Penultimate-year undergraduate or final-year student

Graduating Dec 2026 - Jun 2027

Tools

MS Word

PowerPoint

Excel

AI tools

Job description

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.

Application deadline: November 13, 2026

The team you’ll join

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

About the role

StepStone is currently seeking penultimate-year undergraduate students, final-year students, or students enrolled in a master's degree program with excellent quantitative, qualitative and interpersonal skills for an intern position on StepStone's Private Equity team. StepStone offers Summer Analysts a unique opportunity to gain hands‑on experience across 6the private equity industry. Through analysis of private equity funds and investments, Summer Analysts gain exposure to a wide array of industries and capital structures, and become familiar with a variety of private equity funds and investment strategies.

What you’ll do

Summer Analysts will work in a team environment to target and perform due diligence, including financial modelling and preparation of investment memorandums, on opportunities across the Private Equity team’s three investment verticals: private equity fund investments, co-investment transactions and secondaries transactions. Summer Analysts will have the opportunity to prepare and present recommendations, with the investment team, to the Firm's Investment Committee.

Key responsibilities

• Analyze and conduct diligence on co-investment opportunities and secondary transactions
• Interact with fund managers/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 industries and geographies
• Conduct due diligence on potential fund investments (team, strategy, performance), and synthesize findings in an investment memorandum to be presented at 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 effectively communicate that argument

What we're looking for

• Penultimate-year undergraduate students, final-year students, or students enrolled in a master's degree program
• Undergraduate or Masters students graduating between December 2026 through June 2027
• At least one relevant 3 or 6-month internship in the financial industry, consulting, or other relevant work experience
• High proficiency in MS Word, Power Point and Excel
• Proficiency in using AI tools is desirable
• Exceptional written and verbal communication skills
• Demonstrable analytical capabilities, including strong quantitative/modeling skills
• Ability to represent the Firm credibly in written and interpersonal communications
• Flexibility-StepStone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions as the firm continues to grow and develop
• Promote and demonstrate a positive, team-oriented attitude
• Foreign language skills (desirable)

Why join us?

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

Application deadline: November 13, 2026

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.

Developing People at StepStone