2026 Private Debt Summer Senior Associate
About The Position
StepStone is currently seeking MBA students graduating between December 2026 through June 2027 to join our Private Debt team as Summer Senior Associate. This internship offers an exciting opportunity to achieve valuable learning experience working across the private debt industry. Through analysis of direct lending, opportunistic lending and specialty finance funds and investments, Summer Senior Associates gain exposure to a wide array of industries and capital structures and become accustomed to a variety of private debt funds and investment strategies.
Requirements
- Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
- Full-time MBA student graduating anywhere from December 2026 through June 2027
- A desire to join our Global Private Markets investments platform after graduation
- Strong proficiency in Microsoft Word, PowerPoint and Excel
- Excellent written and verbal communication skills
- Demonstrable analytical capabilities, including strong quantitative/modeling skills
- Collaborative mindset with a proactive and team-oriented approach
Responsibilities
- Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis
- Conduct market research using publicly available information and proprietary databases to identify, quantify, and analyze macroeconomic trends across a variety of credit strategies
- Assist Senior Research staff in managing and tracking the inflow of investment opportunities
- Evaluate marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
- Construct and communicate arguments regarding investment decisions, and defend positions in team environments, including Investment Committee meetings
- Write Fund Summaries and Investment Memorandums in line with StepStone standards
- Utilize creativity to analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Form independent opinions about the attractiveness of a credit strategy or funds as investment opportunities and clearly articulate findings
- Monitor and analyze the performance of the firm's existing fund managers and underlying investments; prepare for and participate in meetings with assigned managers, and conduct ongoing due diligence
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What This Job Offers
Career Level
Intern
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
1,001-5,000 employees
