Director - Private Debt
About The Position
We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed. POSITION OVERVIEW: The Director will work in a team environment with other StepStone team members and will focus on (a) Research and (b) Advisory. StepStone prides itself on the Firm’s collegial atmosphere, encouraging team‐building initiatives and a collaborative approach to accomplishing projects. The Director will have exposure to all levels of the Firm, from the Partners to Analysts, on a daily basis.
Requirements
- 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
- Ability to represent the firm credibly in written and interpersonal communications
- Leadership potential
- High proficiency in Word, PowerPoint and Excel
- Flexibility – Stepstone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions
- Ability to promote and demonstrate a positive, team-oriented attitude
- Applied experienced in valuation and investment analysis
Responsibilities
- Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
- Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis
- Assist in constructing arguments regarding decisions to invest or not invest, and communicate that argument efficiently in written materials; be able to defend position in a team environment, including Investment Committee meetings
- Write Fund Summaries and Investment Memorandums in line with StepStone standards
- Use creativity to analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Form an independent opinion about the attractiveness of a credit strategy or a fund as an investment opportunity; clearly articulate findings
- Analyze and monitor the performance of the firm's existing fund managers and underlying investments; prepare for and participate in meetings with assigned managers, and conduct on‐going due diligence
- Interact directly with and co-manage relationships with clients with an allocation to Private Debt including periodic calls and meetings; be able to present research views, and convincingly discuss and defend the choice of investment strategies and individual investment opportunities
- Develop and present portfolio allocation and cash flow models using StepStone portfolio construction tools consistently with client’s risk and return requirements
- Assist in constructing investment guidelines for client mandates; develop portfolio allocations to individual strategies, investment sizing guidelines, and construct investment pipelines
- Regularly monitor the performance of client portfolios; present and convincingly communicate to clients the performance of their portfolio and individual investments
- Assist Sales and Client Support teams on Requests for Proposals (RFPs), the preparation of client portfolio materials, and any queries regarding portfolio construction, the suitability of specific investments to client portfolios, and other portfolio management and investment selection queries
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What This Job Offers
Job Type
Full-time
Career Level
Director
Number of Employees
1,001-5,000 employees
