StepStone Group

Real Estate Intern

StepStone Group

Sep 5th, 2022
StepStone is a global private markets specialist overseeing US$91 billion of private equity allocations, including approximately US$24 billion of assets under management. The Firm creates customized portfolios for the world’s most sophisticated investors using a highly disciplined research-focused approach that prudently integrates fund, secondary, credit and co-investments. StepStone offers customized private markets investment management and advisory services to institutional clients using industry leading analytics and research capabilities, with a focus on providing highly responsive and collaborative client service. The Firm covers the global private markets across multiple sectors and operates from offices in Beijing, Hong Kong, London, New York, Perth, San Diego, San Francisco, São Paulo, Seoul, Sydney, Tokyo, and Toronto.
New York
https://www.stepstoneglobal.com

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 $570 billion of total capital allocations, including $134 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.

The Team

The Intern will join StepStone’s Real Estate Team in London. StepStone offers Interns an opportunity to achieve valuable learning experiences working across the real estate private equity industry. The Intern will work in a team environment to target and perform due diligence on opportunities across the Real Estate team’s three investment verticals: real estate private equity fund investments, co-investment transactions and secondaries transactions. Through analysis of opportunistic, value-add, core and credit funds, the Intern will gain exposure to a wide array of property types, markets and capital structures and become accustomed to a variety of real estate private equity funds and investment strategies.

Essential Internship Functions

  • Assist both the advisory and investment teams in key job functions, primarily:
    • The underwriting and assessment of prospective fund managers on behalf of our advisory capital
    • The evaluation of potential investments and the asset management of the existing real estate portfolio
  • Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of property types
  • Interpret financial analyses prepared by operating fund managers, including investment track records, financial statement analysis and fund models
  • Prepare for and participate in meetings with potential partners, fund managers and assist in all aspects of active investment and advisory on-going due diligence
  • Efficiently communicate a position verbally and in written materials, including defending a position in a team environment such as Investment Committee meetings

Timing, Location

  • Ability to start working at StepStone in October 2022, ideally for six months (minimum four months)
  • The job is based in London and presence in the office is required for the majority of the days

Qualifications

  • You are a Junior/Rising Senior committed to or graduated from BA/BS in Finance, Economics or Accounting, or equivalent relevant experience
  • High proficiency in MS Word, Power Point and Excel
  • Demonstrated track record of academic success
  • Strong written and verbal communication skills
  • Strong, demonstrable analytical capabilities, including strong quantitative/modelling skills
  • Team player and strong work ethic
  • Pointed interest in the investment world, Real Estate is a plus

For a view into a summer experience at StepStone: https://vimeo.com/519535749

About us

Working out of 23 offices in 14 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.

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.

Developing People at StepStone

Your employment will also be subject to various firm policies and guidelines, including return to workplace guidelines for your office (which require, where legally permitted, all U.S. employees to have their vaccinations against COVID-19 up to date in order to enter one of our offices or attend a firm-sponsored event).

If you require alternative methods of application or screening, you must approach StepStone Group directly to request this, as we're not responsible for the employer's application process.

RedHired TIP

For your privacy and protection, when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction.

By applying to a job using RedHired you are agreeing to comply with and be subject to the RedHired Terms and Conditions for use of our website. To use our website, you must agree with the Terms and Conditions and both meet and comply with their provisions.

RedHired

All job types
Contract
Full-time
Part-time
Permanent
Temporary
Other

All locations
England
FK
GI
Northern Ireland
Scotland
Wales