2026 Private Equity Summer Analyst

StepStone Group • San Diego, CA

9d • Hybrid

About The Position

StepStone is looking for highly motivated undergraduate students graduating between December 2026 and June 2027 to join our Private Equity team as Summer Analysts. This internship offers an exciting opportunity to gain hands-on experience across the private equity industry. By analyzing leveraged buyout and growth investment strategies, Summer Analysts will gain a broad exposure to diverse industries and capital structures, while developing familiarity with a wide range of private equity funds and approaches.

Requirements

• Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
• Undergraduate student graduating anywhere from December 2026 through June 2027
• GPA of 3.2 or higher
• 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

• Analyze and conduct diligence on co-investment opportunities and secondary transactions
• Interact with fund managers/portfolio company management teams to conduct in-depth portfolio and asset-level underwriting and analysis
• Perform quantitative and qualitative research and financial modeling/analysis on companies and assets across stages (i.e., buyout, venture capital/growth equity, distressed/credit, etc.), industries and geographies
• Conduct due diligence on potential fund investments (team, strategy, performance), and synthesize findings in an investment memorandum to be presented at the Firm’s Investment Committee
• Speak with senior executives to gather insights regarding the style and effectiveness of target fund managers
• Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors
• Construct an argument around an opinion and effectively communicate that argument

Benefits

• At StepStone, we foster a supportive and inclusive team culture where collaboration and learning are the core of what we do. Our collegial atmosphere encourages teamwork, mentorship, and professional development.
• Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 1,001-5,000 employees