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StepStone Group

Manages private market investments for investors

Tax Advisor Vice President

Full-TimePosted on 10/22/2026
$215k - $227.5k
Mid, Senior
JD
New York, NY, USA
In Person
LegalLegal Counsel & Legal Support

About the job

Requirements
  • A Juris Doctor degree is required.
  • Must be licensed in good standing.
  • Requires 3–6 years of tax-focused private investment fund experience at a nationally recognized law firm; in-house experience is a plus.
  • Working knowledge of U.S. tax rules on effectively connected income, commercial activity income, and unrelated business taxable income.
  • Knowledge of entity classification and investment fund market practices on tax issues.
  • Ability to prioritize and manage multiple projects while working with direction from senior team members.
  • Ability to explain complex tax concepts to non-tax professionals.
Responsibilities
  • Advise on tax aspects of fund formation, structuring, and operation for private and retail investment funds, separately managed accounts, and other transaction structures, including entity selection, jurisdiction considerations, tax covenants, and representations.
  • Assist in negotiating side letters with investors and their counsel.
  • Work with investors and their counsel to understand the client’s tax risk profile.
  • Advise on U.S. and cross-border tax aspects of primary, secondary, co-investment, and direct transactions across private equity, real estate, infrastructure, and private credit investment acquisitions and dispositions.
  • Conduct and oversee tax due diligence to identify material tax risks, filing obligations, withholding exposure, and other potential tax leakage.
  • Evaluate and recommend investment structures based on investor profiles, investment protocols, and client-specific restrictions.
  • Advise deal teams on tax risks, structuring alternatives, underwriting assumptions, and acquisition and exit considerations.
  • Collaborate with internal and external legal teams to draft, review, and negotiate tax provisions in fund, subscription, side-letter, and transaction documents.
  • Ensure compliance with Section 1446(f).
  • Instruct and manage external advisors in completing the stated objectives.
  • Support tax compliance and fund accounting teams in implementing and administering executed investments and fund structures.
  • Assist in maintaining the existing database of client tax information and implementing new technologies to enhance the investment process.
  • Support legal teams in completing investment subscription materials for fund-of-fund investments.
  • Support the tax compliance team on tax withholding determinations, W-form production and review, entity classifications, FATCA classifications, and other post-closing requirements.
  • As requested, assist investors and their advisors with tax questions and refund claims.
  • Monitor and advise on potential impacts of tax legislative, regulatory, and market developments.
  • Provide tax training sessions for various teams as appropriate.
Desired Qualifications
  • In-house experience is a plus.

About the company

StepStone Group manages private market investments for institutions and private wealth clients, building portfolios around their return goals and cash needs. Its separately managed accounts let investors tailor exposure across private equity, infrastructure, private debt and real estate. The firm commits capital to outside funds, buys stakes in existing funds and invests alongside other investment managers. It also advises clients on portfolio design and tracks their investments, earning management and advisory fees plus a share of investment gains through performance fees. StepStone Group was founded in 2007 and is headquartered in New York.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2007

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Simplify's Take

What believers are saying

  • Fee income avoids one-client dependence: StepStone's May 2026 filing shows no client above 5% of management and advisory fees.
  • Infrastructure investment capacity expanded: in August 2026, StepStone raised $1.7 billion for its secondaries fund and related accounts.
  • StepStone supports employees with education debt: its standing benefits include student loan repayment and parental leave coaching.

What critics are saying

  • Carry recipients face repayment risk: StepStone's employee profit-sharing awards include after-tax clawbacks when underlying performance fees reverse.
  • Private wealth liquidity is restricted: StepStone's private credit vehicles disclose significant withdrawal constraints and no public trading market.
  • Appraisal marks lag transactions: StepStone's real estate research documents gaps between fund carrying values and property trading prices.

What makes StepStone Group unique

  • StepStone sells its investment intelligence: SPI gives clients research, portfolio reporting, cash-flow planning and deal-level benchmarking.
  • Fund-manager access feeds selection: StepStone advisory teams hold more than 5,600 manager meetings yearly.
  • StepStone supports other investors' companies: its Portfolio Impact program connects their businesses with global corporates and talent.

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Benefits

  • Health Insurance
  • 401(k) Retirement Plan
  • Mental Health Support
  • Paid Vacation
  • Wellness Program

Company News

Yahoo Finance
Oct 14th, 2026
StepStone launches portfolio modelling tool drawing on data from 53,000 private markets funds

StepStone Group (Nasdaq: STEP), a global private markets investment firm, launched StepStone Total Portfolio Allocator, an interactive tool that shows how private markets fit alongside public market portfolios. It announced the product on October 14, 2026. The tool targets private wealth firms, advisors, family offices, small institutions, and defined contribution plan administrators. Users start with a public market risk profile, add private allocations across four asset classes, and compare hypothetical returns and volatility with a public-only portfolio. They can also test how portfolios would have fared in the Global Financial Crisis, COVID-19, and the 2022 rate shock. The tool draws on SPI by StepStone, which analyses data from more than 20,000 general partners, 53,000 funds, and 304,000 underlying investments.

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MarketScreener
Sep 14th, 2026
StepStone leads US Fertility recapitalisation through continuation vehicle

Amulet Capital Partners has closed a recapitalization of US Fertility through a continuation vehicle, with StepStone Group serving as sole lead investor. Financial terms were not disclosed. The transaction provides additional resources for US Fertility to pursue growth and clinical innovation whilst expanding access to reproductive care. Amulet, which partnered with US Fertility in 2020, maintains its investment in the company. US Fertility operates the largest network of fertility specialists and embryologists in the US, delivering care through more than 120 clinic and IVF laboratory locations. The platform has helped over 400,000 individuals and couples through assisted reproductive technology. The deal builds on a 2025 partnership that brought L Catterton in as a co-lead investor alongside Amulet.

Business Wire
Sep 12th, 2026
Kasada Secures US$20 Million to Accelerate Global Expansion and Broaden Platform Offerings

Kasada today announced that it has secured a US$20 million funding round led by EQT and existing investors, including Ten Eleven Ventures, Main Sequence Vent...

PR Newswire
Sep 1st, 2026
System One secures investment from Oaktree and StepStone to fuel growth in technical workforce solutions

System One, a Pittsburgh-based provider of specialized technical outsourced services and workforce solutions, has completed an investment from funds managed by Oaktree Capital Management and StepStone Group. Financial terms were not disclosed. Founded over 40 years ago, System One operates in more than 50 locations and employs over 10,000 professionals, primarily in the United States. The company serves blue-chip and government clients across utilities, telecom, industrial, and other commercial sectors with critical infrastructure needs. The investment will support System One's growth strategy and expand its service capabilities. Oaktree, which was already an investor, renewed its partnership whilst StepStone joins as a new investor. Moelis served as financial adviser and Kirkland & Ellis as legal counsel to System One and Oaktree. Debevoise & Plimpton advised StepStone.