Vice President / Director - Co-Investments, Private Debt

StepStone Group•New York, NY

9h•$190,000 - $210,000

About The Position

StepStone Group is seeking a Vice President/Director to join its Private Debt team in New York. In a collaborative team environment, this professional will review private debt investment opportunities and conduct due diligence on co-investments. The role includes developing and articulating investment findings and contributing to recommendations presented to the Firm’s Investment Committee. The VP/Director will work with colleagues at all levels, from Partners to peers, and interact with leading private credit fund managers. The position calls for high ethical standards, maturity, reliability, attention to detail, and a positive, team-oriented approach. StepStone describes itself as a collegial, entrepreneurial organization where professionals may perform multiple functions as the firm grows.

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 the firm in written and interpersonal communications.
Strong analytical capabilities, including quantitative and financial modeling skills.
Leadership experience.
High proficiency in Word, PowerPoint, and Excel.
Developed investment judgment and demonstrable understanding of risk/reward tradeoffs.
Ability to be flexible and perform multiple functions in an entrepreneurial, growing organization.
Ability to promote and demonstrate a positive, team-oriented attitude.
Applied experience in valuation and investment analysis in both credit and equity.
The ideal candidate will have 2–4 years of investment banking experience plus an additional 4+ years with Private Debt GPs.

Nice To Haves

CFA certificate.

Responsibilities

Write investment memorandums in line with StepStone standards.
Monitor the performance of the Firm’s existing investment portfolio and underlying portfolio companies.
Source and analyze data, test hypotheses, and assess the attractiveness of specific sectors and investment opportunities.
Drive the sourcing and manage the flow of co-investment opportunities, with support from Partners.
Lead due diligence on investment opportunities that pass the initial review stage.
Develop and defend investment opinions, communicating arguments verbally and in writing, including in Investment Committee meetings.
Conduct market research using publicly available information and proprietary databases to identify, quantify, and analyze macroeconomic trends across industry sectors.
Contribute investment findings and recommendations to the investment team and the Firm’s Investment Committee.