Analyst - Private Debt Investments

StepStone Group; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

StepStone Group is seeking an Analyst for their Private Debt team in London. The role involves reviewing private debt opportunities, performing due diligence, and interacting with top fund managers. Ideal candidates will have a BA/BS and relevant experience, coupled with strong analytical and communication skills.

Qualifications

• 2+ years of private credit investment experience.
• Demonstrated track record of academic success.
• Ability to represent the firm credibly.

Responsibilities

• Perform financial analyses and market research on credit strategies.
• Prepare Fund Summaries and Investment Memorandums.
• Analyze performance of existing fund managers and investments.

Skills

Analytical capabilities

Strong writing skills

Quantitative skills

Interpersonal communications

Education

BA/BS in Finance, Economics, Accounting

Tools

Word

Power Point

Excel

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.

Position Overview:

StepStone Group is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for an Analyst position within our Private Debt team. The Analyst will be based in London 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 Analyst will have the opportunity to articulate findings and present recommendations, with the investment team, to the Firm’s Investment Committee. StepStone prides itself on the Firm’s collegial atmosphere, encouraging team‐building initiatives and a collaborative approach to accomplishing projects.

The Analyst will have exposure to all levels of the Firm, from the Partners to fellow Analysts, on a daily basis. The Analyst will have opportunities to interact with many of the top fund managers in the private credit industry. The ideal candidate will possess a bachelor’s degree and 2+ years of investment banking, consulting or other relevant experience. The Analyst 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 firm's 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
• One to two years of private credit investment experience
  
  
  

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
  
  
  

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.

Developing People at StepStone