Full-Time

Senior Associate / Vice President

Infrastructure & Real Assets

Posted on 12/18/2025

StepStone Group

StepStone Group

501-1,000 employees

Global private markets firm managing capital

No salary listed

Sydney NSW, Australia

In Person

Category
Finance & Banking (1)
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Financial Modeling
Requirements
  • Experience of 5-7 or more years in the banking, asset management or consulting industry with a focus (at least in recent years) on infrastructure investments
  • A Bachelor’s degree (or higher) ideally in a related field such as Business, Finance, Engineering or Economics
  • Client management experience
  • Demonstrated ability to lead investment origination, execution and asset management activities and experience in underwriting, and project managing, primary fund / manager, co-investment or secondary due diligence
  • Ability to undertake critical research and evaluation of potential investment opportunities and sub-sectors including the ability to gain a deep understanding of the key business value drivers, risk factors, and other underwriting considerations for infrastructure 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
  • Knowledge of, and relationships with infrastructure managers
  • High degree of proficiency in Microsoft PowerPoint, Word and Excel, including the ability to prepare and review complex financial models
Responsibilities
  • Working with SIRA’s Partners and Principals globally as part of the team responsible for developing SIRA’s infrastructure and real assets business
  • Participating in SIRA’s infrastructure manager coverage, with support from the global team lead and broader SIRA team, including: Manager meetings, relationship development, and market monitoring
  • Primary fund / manager due diligence and memorandums
  • Manage or lead investment origination and execution: Co-investments alongside managers and other financial investors, including developing strong relationships with our investment partners; Secondary investments in funds
  • Support client management and business development activities, including: Regular meetings with clients and prospective clients to develop client relationships; Presentation of investment opportunities and investment solutions
  • Assisting with asset management requirements as required
  • Investment monitoring and reporting, valuations and return calculations as required
  • Responsibility for the training and development of Analyst and Associate resources
Desired Qualifications
  • Effective communication skills
  • Strong problem-solving skills
  • Ability to prioritize activities while working on multiple projects and achieve target deadlines
  • Attention to accuracy and detail
  • High level of integrity and confidentiality
  • Support development of team culture – teamwork, collaboration and defining our purpose
  • Commitment to learning
  • Flexibility – StepStone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions

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

  • Private wealth subscriptions hit $2.3 billion in Q1 2026, expanding distribution.
  • SCOF II closed at $1.58 billion on March 31, 2026, above target.
  • PitchBook and FTSE Russell partnerships strengthen benchmarking, reporting, and client retention.

What critics are saying

  • BlackRock, Apollo, and KKR aggressively crowd StepStone out of private credit.
  • Congressional delays on retirement-plan access directly slow the defined-contribution growth strategy.
  • Closed-end fundraising dependence exposes fees and AUM to abrupt downturns in venture cycles.

What makes StepStone Group unique

  • StepStone custom-builds private markets portfolios using primaries, secondaries, and co-investments.
  • Its global platform spans private equity, real estate, private debt, and infrastructure.
  • StepStone Real Estate targets customized private real estate exposure for sophisticated institutions.

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Benefits

Health Insurance

401(k) Retirement Plan

Mental Health Support

Paid Vacation

Wellness Program

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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.

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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.

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