Managing Director/Director - Private Debt Investments - StepStone Group
New York City, NY
About the Job
StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $675 billion of total capital allocations, including more than $150 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
Position Overview:
The position's primary role is to engage broadly in various areas of the private debt industry. The Director/Managing Director is expected to fulfill an integral role in sourcing, analyzing, preparing and presenting recommendations to the Firm's Investment Committees. He/she is expected to have a deep understanding of private debt and corporate finance and a demonstrable interest in the private markets. The Director/Managing Director will perform due diligence on private debt managers, co-investments and secondaries and other tasks that support and enhance the Private Debt and overall StepStone business.
Essential Job Functions:
- Write Fund Summaries and Investment Memorandums in line with StepStone standards
- Monitor the performance of the Firm's existing investment portfolio, fund managers and underlying portfolio companies; prepare for and lead meetings with assigned managers, and conduct on-going due diligence
- Use creativity to source and analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Drive the sourcing and manage the flow of co-investment opportunities; with support from Partners.
- Lead the due diligence on investment opportunities that pass the initial review stage
- Construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetings
- Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors.
- Interpret financial analyses prepared by target fund managers, including investment track records; prepare valuation analyses on private companies using a variety of metrics.
Qualifications:
- 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
- High proficiency in Word, Power Point and Excel
- Developed investment judgment with demonstrable understanding of risk/reward tradeoffs
- Flexibility—StepStone is a young and entrepreneurial organization; all professionals are expected to perform multiple functions as the firm continues to grow and develop
- The ideal candidate will have 2-4 years of investment banking experience plus an additional 4+ years with Private Debt GPs
Required Knowledge, Skills, and Abilities:
- Promote and demonstrate a positive, team-oriented attitude
- Applied experience in valuation and investment analysis, in both credit and equity
- CFA certificate a plus, but not required
Base Salary Range: $200,000-250,000
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
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