2026 Private Equity Infrastructure & Real Assets Summer Analyst

2026 Private Equity Infrastructure & Real Assets Summer Analyst | New York 

The team you’ll join 

StepStone Infrastructure and Real Assets (SIRA), established in 2014, is part of StepStone Group, specializing in private market investments. In 2024, SIRA managed US$103 billion in infrastructure and real assets, advising on or committing over US$11 billion across primaries, secondaries, and co-investments. The team includes 12 partners with over 20 years' of experience on average and over 75 professionals, providing expertise in infrastructure, agriculture, and natural resources across Australia, Europe, and North America. 

About the role 

StepStone seeks motivated undergraduates graduating between December 2026 and June 2027 to join our SIRA team as Summer Analysts. This role offers a valuable opportunity to gain insights into the private equity industry. As a Summer Analyst, you will learn about various sectors such as transportation, telecommunications, utilities, power, energy, logistics, renewables, social projects, sustainability, and impact investing. Additionally, you will be exposed to diverse companies, assets, and capital structures, providing you with a comprehensive understanding of infrastructure investments. 

What you’ll do 

As a Summer Analyst, you’ll work collaboratively to conduct due diligence on opportunities within SIRA's investment verticals, including infrastructure fund investments, co-investments, and secondaries. You will also prepare and present recommendations with the investment team to SIRA's Investment Committee. 

Key responsibilities 

Conduct thorough analysis and due diligence on co-investment opportunities, as well as primary and secondary transactions in private equity, specifically within the infrastructure, agriculture, and natural resources sectors 

Perform financial modeling and analytical tasks including creating or modifying financial models, analyzing financial statements and forecasts, preparing valuation bridges, running discounted cash flow analyses, comparing public companies, and conducting sensitivity/scenario analyses 

Develop and present a well-constructed argument regarding investment decisions, effectively communicating these arguments in written materials such as Microsoft Word documents and PowerPoint presentations 

Interpret financial analyses prepared by target fund managers, including assessment of investment track records and financial statements; conduct valuation analyses on private companies or privately-owned assets using various methods, including discounted cash flow and transaction comparables 

Perform market research utilizing publicly available information and proprietary databases to identify, quantify, and analyze trends across various sectors 

What we’re looking for 

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 3.5 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 

Why join us? 

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. This summer internship is a great opportunity to gain practical experience and develop critical skills that will help you launch a successful career in private markets.