Real Estate Private Equity Associate / Senior Associate - Investments, Real Estate
About the job
- At least 4 years of experience in real estate private equity or credit, investment banking, or a related real estate finance field.
- A Bachelor of Arts or Bachelor of Science degree in Business, Finance, Economics, Accounting, Real Estate, or a related field.
- Extensive experience in real estate acquisitions, including a proven track record of identifying and closing investment opportunities.
- Strong quantitative, financial modeling, analytical, and problem-solving capabilities.
- High proficiency in Microsoft Word, PowerPoint, and Excel.
- Developing investment judgment and a general understanding of risk-reward trade-offs.
- Ability to represent the firm credibly in written and interpersonal communications.
- Ability to work within a dynamic and entrepreneurial organization.
- Based in Chicago and available to travel, primarily domestically.
- Identify, source, and evaluate acquisition opportunities across residential, commercial, industrial, mixed-use, and other real estate asset classes, geographies, and risk spectrums.
- Participate in and lead underwriting and due diligence for potential acquisitions, including financial analysis, structuring, market research, site visits, and document review.
- Perform financial modeling and sensitivity analysis for investment opportunities.
- Prepare for and participate in meetings with managers and investors and conduct ongoing due diligence.
- Form independent opinions about sectors and investment opportunities and construct and defend those opinions in written, verbal, team, and Investment Committee settings.
- Draft investment memorandums and presentations for acquisition opportunities.
- Assist with asset management duties, including financial analysis and investor reporting for existing investments.
- Support fundraising by creating presentation materials and coordinating historical fund- and asset-level performance analysis.
- Develop and maintain relationships with brokers, developers, institutional investors, and financial partners.
- Advance investments through the Investment Committee process by presenting acquisition opportunities and providing insights and recommendations.
- ARGUS experience.
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'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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