2027 Private Debt Summer Senior Associate

StepStone Group • New York, NY

2h

About The Position

StepStone is seeking full-time MBA students graduating between December 2027 and June 2028 for a summer internship on its Private Debt team. The role provides experience across the private debt industry through analysis of direct lending, opportunistic lending, and specialty finance funds and investments, with exposure to a range of industries, capital structures, funds, and investment strategies. Summer Senior Associates work collaboratively to review private debt opportunities and conduct due diligence on selected general partners. Opportunities may include primary funds, separately managed accounts, secondaries, and co-investments, with opportunities to interact with leading private credit fund managers.

StepStone Private Debt is a global private debt investor that constructs bespoke portfolios through primary, secondary, and co-investment strategies. It focuses on performing and non-performing debt across corporate, real estate, and infrastructure sectors and is a subsidiary of StepStone Group, a global private markets firm.

Requirements

• Must be legally authorized to work in the United States without requiring visa sponsorship now or in the future.
• Full-time MBA student graduating between December 2027 and June 2028.
• Desire to join StepStone’s 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 and modeling skills.
• Collaborative mindset and proactive, team-oriented approach.

Responsibilities

• Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analyses.
• Conduct market research using public information and proprietary databases to identify, quantify, and analyze macroeconomic trends across credit strategies.
• Assist Senior Research staff in managing and tracking the inflow of investment opportunities.
• Evaluate prospective fund managers’ marketing and supporting materials to identify key value drivers and 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 accordance with StepStone standards.
• Analyze data and test hypotheses regarding the attractiveness of specific sectors and investment opportunities.
• Form independent opinions about the attractiveness of credit strategies or funds and clearly articulate findings.
• Monitor and analyze the performance of existing fund managers and underlying investments.
• Prepare for and participate in meetings with assigned managers and conduct ongoing due diligence.

Benefits

• Supportive and inclusive team culture centered on collaboration and learning.
• Mentorship and professional development opportunities.
• Practical internship experience and development of skills for a career in Private Debt.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior