Analyst, Private Equity Secondaries

StepStone Group; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

StepStone Group is seeking an Analyst for its Private Equity Secondaries investment team. You will contribute to sourcing, screening, due diligence and financial modelling across European secondary investments, working with portfolio managers and investment committees.

The role demands a stellar academic record and 1–2 years in PE, investment banking or consulting, with strong quantitative and communication skills. Hybrid working arrangement offered.

Qualifications

• Stellar academic record (university and GPA).
• 1–2 years of private equity, top-tier investment banking and/or consulting experience.
• Excellent quantitative skills, including financial modelling, analytical and valuation skills.
• Fluent (written and spoken) English; strong communication abilities.

Responsibilities

• Sourcing, screening and conducting due diligence on European private equity secondary investments (LP and GP-led).
• Interact with management teams and fund managers for in-depth asset and portfolio-level analysis.
• Perform quantitative and qualitative research and financial modelling across industries and geographies.
• Prepare due diligence materials and investment committee memos.
• Construct an opinion on opportunities and defend positions in team settings including IC meetings.
• Support negotiation/coordination of deal closing and post-close monitoring.
• Occasionally travel for onsite due diligence and sponsor meetings.

Skills

Financial modelling

Analytical skills

Valuation skills

Investment risk assessment

Education

Stellar academic record (university and GPA)

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.

The Analyst will be an integral part of StepStone's Private Equity Secondaries investment team, which recently closed its fifth fund with $7.4 billion of total capital commitments. StepStone deploys billions of dollars per year in private equity secondary deals, including GP-led transactions, LP interests in private equity funds and structured secondary deals (e.g., team spin-outs, direct investments, fund recapitalizations and other special situations).

StepStone prides itself on the firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach. The position will have exposure to all levels of the firm globally, from Partners to fellow Analysts, on a daily basis.

Position Overview:

Your main responsibility will be to contribute to all aspects of the secondary deal process, including:

• Sourcing, screening and conducting due diligence on European private equity secondary investments (both LP and GP-led transactions);
• Interact with management teams and fund managers to conduct in-depth asset and portfolio-level analysis;
• Perform quantitative and qualitative research and financial modelling/analysis on companies and assets across stages, industries and geographies;
• Preparation and presentation of due diligence materials and investment committee memos;
• Construct an opinion around various investment opportunities and efficiently communicate both verbally and in written materials; with the ability to defend your position in a team environment, including investment committee meetings;
• Support negotiation/coordination of deal closing/structuring process and post-close monitoring of existing investments; and
• Occasionally travel for onsite due diligence and to sponsor’s annual meetings to monitor investments.

Requirements:

• Stellar academic record (university and GPA);
• 1-2 years of private equity, top-tier investment banking and/or consulting experience;
• Excellent quantitative skills, including financial modelling, analytical and valuation skills for purpose of evaluating investment opportunities;
• Strong sense of risk/reward trade-offs, and an ability to display sound investment judgement;
• Strong appetite for self-directed learning, particularly in AI/automation, with demonstrated hands-on experimentation preferred;
• Self-starter, with strong ability to think creativity and conduct research to solve problems or find solutions;
• Ability to communicate and present ideas effectively, both verbally and in writing;
• Capable of multi-tasking with strong attention to detail;
• Promote and demonstrate a positive, team-oriented attitude, with desire to work on various projects; and
• Fluent (written and spoken) English; (additional language skills a plus).

#LI-Hybrid

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.