2025 Private Equity Summer Analyst
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.
Private Equity Summer Analyst Role Overview:
StepStone is currently seeking undergraduate students graduating between December 2025 through June 2026 with excellent quantitative, qualitative and interpersonal skills for an internship position on StepStone’s Private Equity Team. StepStone offers Summer Analysts a unique opportunity to achieve a valuable learning experience working across the private equity industry. Through analysis of leveraged buyout and growth strategies, Summer Analysts gain exposure to a wide array of industries and capital structures, and become accustomed to a variety of private equity funds and investment strategies.
Summer Analysts will work in a team environment to target and perform due diligence, including financial modeling and preparation of investment memorandums, on opportunities across the Private Equity team’s three investment verticals: private equity fund investments, co-investment transactions and secondaries transactions. Summer Analysts will have the opportunity to prepare and present recommendations, with the investment team, to the Firm’s Investment Committee.
StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach. The ideal candidate will possess a strong academic record, excellent quantitative skills, high quality writing skills, and a positive, team-oriented attitude.
Essential Internship Functions:
- 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
Qualifications:
- 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 2025 through June 2026
- GPA of 3.2 or higher
- High proficiency in Microsoft Word, PowerPoint and Excel
- Exceptional written and verbal communication skills
- Demonstrable analytical capabilities, including strong quantitative/modeling skills
- Team player and outstanding work ethic