Position Overview:

• 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 investment memorandums and presentations related to fund diligences and client deliverables

Other Requirements  

• BA/BS in Real Estate, Private Equity, Finance, Economics, Accounting, or equivalent relevant experience 
• 3 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
• 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 

Other Desired Skills/Attributes  

• Applied experience in valuation and investment analysis 
• Enrollment in CFA or CAIA program a plus
• Foreign language skills a plus