2027 Real Estate Private Equity Advisory Summer Analyst Cleveland

StepStone Group; Cleveland (OH); Hybrid; USD 59,000 - 72,000; Full time

Benefits offered by this job

Hybrid work option

Job summary

StepStone Group seeks a Real Estate Private Equity Advisory Summer Analyst in Cleveland. You will collaborate with the investment team to prepare recommendations for the Real Estate Investment Committee and institutional clients.

The internship offers exposure to opportunistic, value-add, core and credit funds across markets and strategies. You will underwrite fund materials, conduct market research, interpret fund performance, and engage in due diligence meetings while supporting asset and

Qualifications

• Undergraduate student graduating between December 2027 and June 2028.
• GPA requirement of 3.5 or higher.
• Strong written and verbal communication skills.

Responsibilities

• Underwrite and assess fund manager materials to identify key value drivers.
• Conduct market research using public sources and proprietary databases.
• Interpret financial analyses from fund managers and fund models.
• Support meetings with potential partners and fund managers during due diligence.
• Assist coverage responsibilities including asset and portfolio management.

Skills

Analytical capabilities

Communication skills

Team collaboration

Tools

Microsoft Word

PowerPoint

Excel

Job description

When you choose to work with us, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen.

2027 Real Estate Private Equity Advisory Summer Analyst

Cleveland

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 team you’ll join

StepStone Real Estate (SRE) boasts extensive knowledge and experience with $190B in AUA and $20B in AUM as of December 2025. SRE leverages the strengths of our investment and advisory teams, drawing on our deep market research and investment analysis to create compelling opportunities and tailored portfolios of fund investments, secondaries, and co-investments for institutional investors worldwide. The Investment Team invests discretionary capital through our flagship GP-led secondaries fund, SREP, and a number of separately managed accounts (SMAs). The advisory team offers a full suite of capabilities to serve institutional investors seeking access to the private real estate markets at scale through committing to funds.

About the role

StepStone is currently seeking undergraduate students graduating between December 2027 through June 2028 to join our Real Estate team as Summer Analysts. This internship offers an exciting opportunity to achieve valuable learning experience working across the Real Estate industry. Through analysis of opportunistic, value-add, core and credit funds, Summer Analysts gain exposure to a wide array of property types, markets and capital structures and become accustomed to a variety of real estate private equity funds and investment strategies.

What you’ll do

As a Summer Analyst, you’ll collaborate with the investment team to prepare and present recommendations to the Real Estate Investment Committee and our institutional investor clients.

Key responsibilities

• Underwrite and assess prospective fund manager materials to identify key value drivers and areas for deeper analysis
• Conduct market research using public sources and proprietary databases to analyze macroeconomic trends across property types
• Interpret financial analyses from fund managers, including track records, financial statements, and fund models
• Participate in meetings with potential partners and fund managers, supporting all aspects of active investment and advisory due diligence
• Support full-time staff on coverage responsibilities including asset and portfolio management of existing real estate portfolio and sourcing, and managing the inflow of investment opportunities

What we’re looking for

• Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
• Must be willing to reside in Cleveland, Ohio
• 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

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 Real Estate.

Salary: $65,000 annually

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.

#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.