2027 Private Equity Summer Analyst

Location: London Department: Research and Investments

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

Application deadline: November 13, 2026

The team you’ll join

StepStone’s Private Equity (PE) team diligences and invests in opportunities across the private equity landscape. The team will invest directly in companies alongside other sponsors, complete LP and GP-led secondary transactions, and evaluate primary investments on behalf of StepStone’s advisory and discretionary clients. Through analysis of leveraged buyout deals and funds, StepStone’s PE team works across a wide array of industries and capital structures.

About the role

StepStone is currently seeking penultimate-year undergraduate students, final-year students, or students enrolled in a master's degree program with excellent quantitative, qualitative and interpersonal skills for an intern position on StepStone’s Private Equity team. StepStone offers Summer Analysts a unique opportunity to gain hands-on experience across 6the private equity industry. Through analysis of private equity funds and investments, Summer Analysts gain exposure to a wide array of industries and capital structures, and become familiar with a variety of private equity funds and investment strategies.

What you’ll do

Summer Analysts will work in a team environment to target and perform due diligence, including financial modelling 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.

Key responsibilities

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 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

What we’re looking for

Penultimate-year undergraduate students, final-year students, or students enrolled in a master's degree program

Undergraduate or Masters students graduating between December 2026 through June 2027

At least one relevant 3 or 6-month internship in the financial industry, consulting, or other relevant work experience

High proficiency in MS Word, Power Point and Excel

Proficiency in using AI tools is desirable

Exceptional written and verbal communication skills

Demonstrable analytical capabilities, including strong quantitative/modeling skills

Ability to represent the Firm credibly in written and interpersonal communications

Flexibility—StepStone is a dynamic and entrepreneurial organization; all professionals are expected to perform multiple functions as the firm continues to grow and develop

Promote and demonstrate a positive, team-oriented attitude

Foreign language skills (desirable)

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 Equity.

At StepStone, we believe that our people are our most important asset and crucial to our success.  We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

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.

Candidates must be at least 18 years old to apply.

Developing People at StepStone