Vice President / Director - Asset-Based Finance, Private Debt

Position Overview (Vice President or Director)

This role focuses on asset-based finance (ABF) co-investment opportunities in private debt. The successful candidate will play a critical role in sourcing, analyzing, and executing ABF co-investment transactions, preparing recommendations for the Firm’s Investment Committee, and supporting the broader Private Debt platform. A deep understanding of private markets and experience in executing ABF single transactions is required. Familiarity with ABF-focused GPs is an advantage but not mandatory.

Essential Job Functions

• Lead and support ABF co-investment transactions from origination to initial screening through execution, including due diligence, structuring, and closing
• Maintain and improve existing relationships with GPs in the ABF space to increase co-investment flow; build out new GP relationships in the ABF space
• Train analysts in the US to expand the capabilities of the investment team within the ABF market
• Prepare high-quality Investment Memorandums aligned with StepStone standards
• Perform market research and analyze macroeconomic trends with a focus on ABF sectors
• Build and interpret ABF-specific financial models for ABF strategies and structured credit assets
• Communicate investment theses clearly and defend recommendations in Investment Committee settings

ABF Focus Areas

Examples of relevant ABF strategies include:

• Consumer Lending (Credit Cards, Auto, etc.)
• Aircraft Leasing
• Litigation Finance
• Significant Risk Transfers (SRTs)
• Royalties
• Other specialized asset-backed opportunities.

Qualifications

• BA/BS in Business, Finance, Economics, or Accounting
• Demonstrated track record of academic and professional success
• Experience executing ABF single transactions or ABF co-investments
• Strong analytical and quantitative skills, including ABF-specific modeling
• Excellent written and verbal communication skills
• CFA designation a plus

Required Knowledge, Skills, and Abilities

• Applied experience in valuation and investment analysis, ideally in ABF structures
• Ability to thrive in a fast-paced, entrepreneurial environment
• Team-oriented mindset with strong interpersonal skills

Salary Range: 190,000 - $210,000

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.