Internship – Industrial Placement – Infrastructure & Real Assets (Year Long)

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 $640 billion of total capital allocations, including $143 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.

Infrastructure Intern Role Overview

StepStone is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for an industrial placement position on StepStone’s Infrastructure and Real Assets Team. StepStone offers Interns a unique opportunity to obtain valuable work experience within the private equity Infrastructure industry. Through analysis of underlying sectors and sub-sectors such as transportation, telecommunications, utilities, power, energy, logistics, renewables, social, sustainability and impact investing, Interns gain exposure to a wide array of companies, assets and capital structures, and become familiar with a wide variety of infrastructure funds and transactions.

The Intern will work in a team environment to target and perform due diligence on opportunities across SIRA’s investment verticals including: infrastructure fund investments, co-investment transactions and secondaries transactions. The intern will have the opportunity to prepare recommendations, with the investment team, to SIRA’s Investment Committee.

StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The ideal candidate will possess strong academic achievement, a strong work ethic, high quality writing skills, a solid grasp of basic quantitative methods, and a demonstrated interest in the investment industry.

Essential Internship Functions

Perform market research using publicly available information and proprietary databases to identify, quantify and analyze trends across a variety of sectors

Interpret financial analyses prepared by target fund managers, including investment track records and financial statement analysis; prepare valuation analyses on private companies or privately-owned assets using a variety of methods including discounted cash flow and transaction comparables

Assist in the creation and sensitizing of Excel based financial models related to funds and investments

Support Senior Research staff on managing and tracking the inflow of investment opportunities

Help construct an argument regarding a decision to invest or not invest, and communicate that argument efficiently in written materials (in MS Word and PowerPoint form)

Form an independent opinion about the merits and considerations of a sector or investment opportunity by using creativity to analyze data; articulate findings

Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation

Analyze and monitor the performance of the firm’s existing fund managers and underlying portfolio companies; participate in meetings with senior executives of target fund managers

Analyze and conduct diligence on co-investment opportunities and secondary transactions

Qualifications

Proficiency in MS Word, Power Point and Excel

Demonstrated track record of academic success

Strong written and verbal communication skills

Strong, demonstrable analytical capabilities

Team player and strong work ethic

**This internship is set to start Summer 2024 for a duration of 1 year

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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