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StepStone Group

Global private markets firm managing capital

Venture Capital Business Development Intern

Summer 2027
$50.48/hr
Internship
MBA
Baltimore, MD, USA
HybridThree days on-site per week required.

About the job

Requirements
  • Graduating from an MBA program in Winter 2027 or Spring 2028.
  • Prior experience in sales and/or business development roles.
  • A demonstrated track record of academic and professional success.
  • Willingness to generate exceptional results for the team.
  • Ability to communicate compellingly and charismatically while interfacing with senior executives.
  • A strong understanding of and interest in technology and the venture ecosystem, including close attention to technology trends and the ability to articulate their prospective long-term implications for the industry.
Responsibilities
  • Conduct market research to identify potential customers or partners for portfolio companies by researching industry trends, key players, and target markets.
  • Support relationship building by assisting in nurturing relationships with key contacts, organizing meetings, sharing relevant materials, and ensuring a professional follow-up process.
  • Collaborate with portfolio company teams to understand their product offerings, target customer profiles, and sales strategies.
  • Facilitate warm introductions by coordinating and executing outreach to potential customers using email, phone, or events to introduce portfolio companies and their solutions.
  • Develop target lists by maintaining the firm's database of corporate relationships and identifying new prospective partners using LinkedIn, customer relationship management platforms, and industry directories.
  • Track and report progress by monitoring the status of introductions, follow-ups, and outcomes and providing regular updates to the firm and portfolio companies.
  • Optimize introduction processes by proposing and implementing improvements to the introduction workflow to enhance efficiency and effectiveness.

About the company

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

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Simplify Jobs

Simplify's Take

What believers are saying

  • August 2026 infrastructure secondaries deployment was 50% complete across 26 closed deals.
  • StepStone reported $20 billion of SMA capital raised over the last twelve months.
  • May 2026 hired Taylor Benson to open the U.S. defined-contribution market within 12-18 months.

What critics are saying

  • Barclays September 2026 said distributions fell to 11%-13% from 20%-22%, pressuring fundraising.
  • Private wealth growth depends on retail distribution channels; any platform delay hits 2027 fees.
  • If private-market exits stay weak through 2027, StepStone's deployment engine and carry collapse.

What makes StepStone Group unique

  • StepStone blends primaries, secondaries, co-investments, and advisory across every major private asset class.
  • Its August 2026 first dedicated infrastructure secondaries fund reached $1.7 billion and hard cap.
  • StepStone built a private wealth and defined-contribution platform, reaching $21.8 billion AUM.

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Benefits

Health Insurance

401(k) Retirement Plan

Mental Health Support

Paid Vacation

Wellness Program

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