Full-Time

Vice President

Real Estate Fund Selection and Advisory

Posted on 8/1/2023

StepStone Group

StepStone Group

501-1,000 employees

Global private markets investment firm

Venture Capital
Financial Services
Real Estate

Senior, Expert

London, UK

The VP position on StepStone’s Real Estate Fund Selection and Advisory Team requires availability to travel, primarily within Europe and the UK.

Category
Finance & Banking
Required Skills
Market Research
Communications
Data Science
Marketing

You match the following StepStone Group's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • BA/BS in Real Estate, Private Equity, Finance, Economics, Accounting, or equivalent relevant experience
  • Seven years or more of real estate private equity, investment banking, consulting, asset management, equity research or other relevant experience (Required)
  • Experience in diligencing and underwriting commingled fund structures or SMAs
  • Demonstrated track record of academic and professional success
  • Ability to represent the Firm credibly in written and interpersonal communications
  • Demonstrable analytical capabilities, including strong quantitative/modeling skills
  • Leadership potential
  • High proficiency in Word, Power Point and Excel
  • Developing investment judgment and general understanding of risk/reward trade-offs
  • Flexibility-StepStone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions as the firm continues to grow and develop
  • Ability and willingness to use, learn and adopt new technologies
  • Availability to travel, primarily within Europe and the UK
  • Promote and demonstrate a positive, respectful team-oriented attitude
Responsibilities
  • Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors
  • Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis
  • Support Senior Investment staff on sourcing and managing the inflow of investment opportunities
  • Prepare for and support senior staff in client meetings
  • Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
  • Conduct phone interviews with senior executives to gather insights and information regarding the style and effectiveness of target fund managers
  • Form an independent opinion about the attractiveness of an investment opportunity or sector
  • Construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetings
  • Use creativity to source and analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
  • Analyze and monitor the performance of the Firm's existing fund managers and underlying property assets; prepare for and participate in meetings with assigned managers, and conduct on-going due diligence independently
  • Draft and oversee other member's production of investment memorandums and presentations related to fund diligences and client deliverables
  • Conduct and support training of more junior professionals
  • Coordinate and liaise with various internal teams (legal, ODD, data science) participating in diligence
  • Track team deliverables, timelines and staffing
  • Instruct and manage junior team members' work flow
Desired Qualifications
  • Applied experience in valuation and investment analysis
  • First experience in managing more junior team members
  • Enrollment in CFA or CAIA program a plus
  • Foreign language skills a plus

StepStone Group manages a large amount of private capital, focusing on private equity, infrastructure, real assets, real estate, and private debt. The firm develops tailored investment portfolios for sophisticated investors by using a disciplined research approach. This involves integrating various investment types, including primary investments, secondary market purchases, and co-investments. StepStone stands out from its competitors by offering customized solutions that are based on thorough research and a deep understanding of the private markets. The goal of StepStone is to effectively manage and grow their clients' investments in private markets.

Company Size

501-1,000

Company Stage

IPO

Total Funding

$8.1B

Headquarters

New York City, New York

Founded

2007

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in AI-powered real estate analytics boosts property valuation strategies.
  • Sustainable real estate investments are gaining traction with green building certifications.
  • Expansion in emerging markets offers new growth opportunities in Southeast Asia and Africa.

What critics are saying

  • Increased competition in AI-powered investment strategies from well-funded companies.
  • Potential overexposure to volatile AI and tech sectors due to recent investments.
  • Geopolitical risks in global expansion could impact StepStone's investment returns.

What makes StepStone Group unique

  • StepStone offers customized portfolios using a disciplined research-focused approach.
  • The firm integrates primaries, secondaries, and co-investments for sophisticated investors.
  • StepStone manages over $91 billion in private capital allocations globally.

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Benefits

Health Insurance

401(k) Retirement Plan

Mental Health Support

Paid Vacation

Wellness Program

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