StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
Position Overview
The Managing Director of StepStone Real Estate in London will play a critical role in the growth of StepStone’s investment activity including key client coverage, portfolio management and business development in addition to the sourcing, underwriting and asset management of real estate investments across StepStone’s commingled funds and discretionary accounts, acting directly for the largest sovereigns, pensions, insurance companies and family offices globally. Specifically, the senior professional will act as the primary portfolio manager for over EUR 1.1bn of core plus AUM in Europe with the scope and responsibility to grow this area of strategic focus for the business.
Essential Job Functions:
- Proven leadership in the European real estate market, with a minimum of twelve years in real estate private equity and/or private debt investing.
- Demonstrated ability to manage portfolios for and relationships with large, sophisticated institutional investors.
- Successful track record in originating, executing, asset managing and exiting real estate investments across the risk spectrum and ideally capital structure, with specific experience in lower risk (core plus). Experience in operational real estate and alternative sectors a plus.
- Conduct due diligence including property, market, manager, legal and structural factors.
- Oversee preparation and present detailed investment committee memoranda that document key findings, recommendations, risks and merits of investment opportunities.
- Lead counterparty and stakeholder negotiations, managing external advisors.
- Pan-European experience with multi-lingual/cultural skills preferred.
- Demonstrated capital raising/client facing experience (and success) required.
Education and/or Required Knowledge, Skills, and Abilities:
- BA/BS in Business, Finance, Economics or Accounting, or equivalent relevant experience. MBA or similar accreditation a strong preference
- Strong client communication skill and experience
- Value oriented investment style with a strong focus on real estate fundamentals
- Developed investment judgment with demonstrable understanding of risk/reward
- Exceptional business writing with experience preparing investment committee memos
- Strong financial modelling skills (capital structures and cash flow waterfalls)
Other Attributes:
- Collaborative approach and team player attitude
- Entrepreneurial, driven and highly motivated for success
- Effective in a fast paced, dynamic environment
- High level of confidentiality
- Adaptable with a commitment to learning
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you’ll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
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.
Developing People at StepStone
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