Full-Time

Analyst – Infrastructure Private Equity Investments

StepStone Group

StepStone Group

501-1,000 employees

Global private markets firm managing capital

No salary listed

London, UK

Hybrid

Category
Finance & Banking (2)
,
Required Skills
Forecasting
Requirements
  • 1–3 years of experience in investment banking, project finance advisory, transaction services, or equivalent
  • Relevant buyside experience at a funds of funds or general partner would also be considered directly transferable
  • Transaction experience — Mergers and acquisitions, financings, or diligence processes with clear deal exposure
  • Ability to produce high-quality (at or near native standard) written content in business English
  • Self-starter, eager to learn and desire to grow within the organization
  • Ability to work in a fast-paced global team environment with an ability to manage changing and competing priorities
Responsibilities
  • Strong financial modelling and analytical skills – ability to create and/or modify sophisticated financial models, analyze financial statements and financial forecasts, prepare valuation bridges, run discounted cash flow analysis, comparable public companies, and create sensitivity/scenario analysis
  • Strong memo / presentation writing and preparation skills
  • Ability to undertake research regarding, and diligence of, potential investment opportunities and sectors, including primary funds, secondaries, co-investments and direct investments
  • Ability to construct an argument around investment decisions and effectively communicate that argument both verbally and in written materials; be able to defend your position in a team environment, including in Investment Committee meetings
  • Strong client interaction skills – ability to interact with clients and prepare advisory materials as required; and,
  • Support senior staff on sourcing and managing the inflow of investment opportunities
Desired Qualifications
  • Second European language is preferred (French, German, Danish)
  • German, Italian, French language skills a plus

StepStone is a global private markets firm that manages and allocates capital across private equity, infrastructure, real assets, real estate, and private debt. It oversees about US$91 billion of private capital allocations, including roughly US$24 billion in assets under management, and builds customized investment portfolios for sophisticated investors using a research-driven process that combines primary fund commitments, secondary purchases, and co-investments. The firm operates worldwide with offices in cities such as Beijing, Hong Kong, London, New York, and Tokyo, among others. StepStone differentiates itself by its integrated approach to private markets (primaries, secondaries, and co-investments), its disciplined, research-based investment process, and its ability to tailor portfolios for large institutional clients. The goal is to provide tailored, diversified private markets exposure and capital allocation solutions that meet the needs of demanding investors.

Company Size

501-1,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2007

Simplify Jobs

Simplify's Take

What believers are saying

  • Q4 2025 revenues surged 103% to $494.5M, leading custody bank sector.
  • Led $80M AcuityMD Series C in May 2026, valuing at $955M.
  • Global GP relationships drive differentiated secondaries and co-investment pipeline.

What critics are saying

  • Negative P/E of -8.02 reflects persistent unprofitability eroding confidence.
  • Blackstone's $10B+ credit funds divert LPs, shrinking StepStone's share.
  • SEC 2026 rules slash high-fee earnings by 30-40% within 18-24 months.

What makes StepStone Group unique

  • STPEX evergreen interval fund raised $750M since September 2025 launch.
  • SCOF II closed at $1.58B on March 31, 2026, exceeding $750M target.
  • $3.1B structured secondaries vehicle marks largest transaction to date.

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Benefits

Health Insurance

401(k) Retirement Plan

Mental Health Support

Paid Vacation

Wellness Program

Company News

Yahoo Finance
Apr 7th, 2026
StepStone Group leads custody banks with 103% revenue growth to $494.5M in Q4

WisdomTree reported revenues of $147.4 million in Q4, up 33.4% year on year and exceeding analysts' expectations by 3%. The ETF management company delivered an exceptional quarter, beating analysts' EPS and EBITDA estimates. The custody bank sector, which includes 16 tracked companies providing asset safeguarding and services like settlement and regulatory compliance, reported strong Q4 results overall. As a group, revenues beat consensus estimates by 2.5%, though share prices have declined 11.9% on average since earnings. StepStone Group led the sector with revenues of $494.5 million, up 103% year on year and exceeding expectations by 18.2%. Despite delivering the biggest analyst beat and fastest revenue growth, StepStone's stock fell 20.8% following results.

VentureBeat
Apr 6th, 2026
NeuBird AI launches Falcon, FalconClaw with AI agents that automatically prevent, detect and fix incidents

By grounding AI in real-time enterprise context rather than just large language model reasoning, the company aims to move site reliability engineering and devops teams from a reactive posture to a predictive one.

Pulse 2.0
Apr 6th, 2026
NeuBird AI raises $19.3M for agentic platform cutting incident resolution time by 90%

NeuBird AI has raised $19.3 million in an oversubscribed funding round led by Xora Innovation, with participation from Mayfield, StepStone Group, Prosperity7 Ventures and M12, Microsoft's venture fund. The company develops an agentic AI platform for enterprise production operations. The platform autonomously analyses telemetry data, correlates signals across systems and delivers real-time root cause analysis and remediation. NeuBird recently introduced AI Falcon, extending capabilities to predictive risk detection and infrastructure cost optimisation. Since reaching general availability in December 2024, the platform has resolved over one million alerts, saved more than $2 million in engineering time and reduced mean time to resolution by up to 90%. The funding will accelerate product innovation and expand global go-to-market strategy.

IndexBox, Inc.
Apr 2nd, 2026
StepStone Group closes $3.1B private markets secondaries vehicle

StepStone Group has closed a structured solutions vehicle with $3.1 billion in commitments for investment in private markets secondaries, marking the largest transaction of its kind. The vehicle is designed to provide institutional investors with flexible access to the firm's secondaries platform. Shares rose in afternoon trading following the announcement, settling at $47.99. The stock has shown significant volatility over the past year. Whilst shares have declined year-to-date and trade below earlier peaks, a five-year investment would show a positive return.

StreetInsider
Mar 25th, 2026
SpaceX veterans' Sift raises $42M to make mission-critical machines observable to AI

Sift, founded by SpaceX veterans, has raised $42 million in a Series B round led by StepStone, with participation from GV, Riot Ventures, Fika Ventures and CIV. The funding brings total capital raised to $67 million. The company provides an intelligence layer that transforms raw sensor data from mission-critical machines into structured, queryable information for engineers and AI systems. Its platform addresses the infrastructure gap between AI capabilities and physical hardware operation across space, defence, manufacturing and autonomy sectors. Sift's clients include ULA, Astranis, K2 Space and Parallel Systems. The company plans to nearly double its workforce from 70 employees and relocate to larger headquarters in Marina Del Rey. CEO Karthik Gollapudi and co-founder Austin Spiegel previously built monitoring systems for rockets and spacecraft at SpaceX.