Position Overview:

The position’s primary role is to engage broadly in various areas of the private debt industry. The Director is expected to fulfill an integral role in sourcing, analyzing, preparing and presenting recommendations to the Firm’s Investment Committees. He/she is expected to have a deep understanding of private debt and corporate finance and a demonstrable interest in the private markets. The Director will perform due diligence on private debt managers, co-investments, secondaries, structuring of evergreen funds across middle markets, and other tasks that support and enhance the Private Debt and overall StepStone business.

Essential Job Functions:

• Write Fund Summaries and Investment Memorandums in line with StepStone standards
• Monitor the performance of the Firm’s existing investment portfolio, fund managers and underlying portfolio companies; prepare for and lead meetings with assigned managers, and conduct on-going due diligence
• Use creativity to source and analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
• Project management experience in investing via JVs, SPVs and other non-standard solutions
• Sourcing and closing transactions for 40act compliant funds / BDCs
• Lead the due diligence on investment opportunities that pass the initial review stage
• Construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetings
• Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors
• Interpret financial analyses prepared by target fund managers, including investment track records; prepare valuation analyses on private companies using a variety of metrics

Qualifications:

• BA/BS in Business, Finance, Economics or Accounting, or equivalent relevant experience
• Demonstrated track record of academic and professional success
• Proven ability to represent firm in written and interpersonal communications
• Strong, demonstrable analytical capabilities, including strong quantitative/modeling skills
• Leadership experience
• High proficiency in Word, Power Point and Excel
• Developed investment judgment with demonstrable understanding of risk/reward tradeoffs
• Flexibility—StepStone is a young and entrepreneurial organization; all professionals are expected to perform multiple functions as the firm continues to grow and develop

Required Knowledge, Skills, and Abilities:

• Preferably cross asset class experience across middle market and broadly syndicated loans
• Promote and demonstrate a positive, team-oriented attitude
• Applied experience in valuation and investment analysis, in both credit and equity
• CFA certificate a plus, but not required

Base Salary Range: $180,000.00 - $210,000.00