2027 Private Equity Summer Analyst Blog Post

Allocator Jobs; San Diego (CA); Hybrid; USD 41,000 - 55,000; Full time

Job summary

StepStone is seeking motivated undergraduates graduating between December 2027 and June 2028 to join our Private Equity team as Summer Analysts in San Diego. The internship offers hands‑on experience analyzing leveraged buyouts, growth investments, and secondaries while exposing you to diverse industries and capital structures.

As a Summer Analyst, you will perform due diligence, build financial models, prepare investment memorandums, and present recommendations to the Investment Committee.

Qualifications

• Currently enrolled as an undergraduate student.
• Graduating December 2027 to June 2028.
• GPA of 3.5 or higher required.
• Strong MS Word, PowerPoint and Excel skills.
• Excellent written and verbal communication; strong quantitative skills.

Responsibilities

• Conduct due diligence on potential investments and co‑investments.
• Build and update financial models for investment opportunities.
• Prepare investment memorandums and present to Investment Committee.
• Support portfolio research and macroeconomic analysis across sectors and geographies.

Skills

Financial modeling

Diligence

Analytical

Teamwork

Communication

Education

Undergraduate student (2nd/3rd year)

Tools

Microsoft Word

PowerPoint

Excel

Job description

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 $675 billion of total capital allocations, including more than $150 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 . Details below.

About the role

StepStone is looking for highly motivated undergraduate students graduating between December 2027 and June 2028 to join our Private Equity team as Summer Analysts. This internship offers an exciting opportunity to gain hands‑on experience across the private equity industry. By analyzing leveraged buyout and growth investment strategies, Summer Analysts will gain a broad exposure to diverse industries and capital structures, while developing familiarity with a wide range of private equity funds and approaches.

What you’ll do

As a Summer Analyst, you’ll work collaboratively in a team environment to conduct due diligence, financial modeling and preparation of investment memorandums across our investment verticals: private equity fund investments, co‑investments, and secondaries transactions. You’ll also have the opportunity to contribute investment recommendations and present them 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 stages (i.e., buyout, venture capital/growth equity, distressed/credit, etc.), 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

  • Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
  • Undergraduate student graduating anywhere from December 2027 through June 2028
  • GPA of 3.5 or higher
  • Strong proficiency in Microsoft Word, PowerPoint and Excel
  • Excellent written and verbal communication skills
  • Demonstrable analytical capabilities, including strong quantitative/modeling skills
  • Collaborative mindset with a proactive and team‑oriented approach

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: Rolling basis

Salary: $35/hour

The salary is an estimate of pay for this position. Actual pay may vary depending on job‑related factors that can include location, education, skill, and experience. The salary does not include any benefits or other forms of possible compensation that may be available to employees.