Private Equity Secondaries Analyst

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

Job summary

StepStone Group is seeking an Analyst to contribute across the European private equity secondary deal process. You will source, screen and conduct due diligence on investments, interact with managers for asset insights, build financial models and prepare memos for investment committees. Travel for onsite diligence and sponsor meetings may be involved.

You will work in a collaborative, global team environment with exposure to all firm levels, from Analysts to Partners, in a hybrid London setting.

Qualifications

• Stellar academic record (university and GPA).
• 1-2 years of private equity, top-tier investment banking and/or consulting experience.
• Fluent written and spoken English.

Responsibilities

• Sourcing, screening and due diligence on European private equity secondary investments.
• Interact with management teams and fund managers for asset and portfolio analysis.
• Conduct quantitative and qualitative research and financial modelling.
• Prepare due diligence materials and investment committee memos.
• Communicate investment opinions clearly in writing and verbally; defend positions in team settings; support deal closing and post-close monitoring.

Skills

Quantitative skills

Financial modelling

Valuation

Investment analysis

Communication

Team collaboration

AI/automation curiosity

Education

University degree

Job description

We are global private markets specialistsdelivering tailored investment solutions,advisory services, and impactful, data driveninsights to the world’s investors.Leveraging the power of our platform andour peerless intelligence across sectors,strategies, and geographies, we helpidentify the advantages and the answersour 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.