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IIP-StepStone Group
Beijing, China (Outgoing Program)
Program Terms: Summer
Partner Institution/Organization Homepage: Click to visit
Program Dates & Deadlines: Click here to view
Restrictions: Princeton applicants only
Fact Sheet:
Dept Offering Program: International Internship Program (IIP) Program Type: Internship
Degree Level: 1st year u/g students, 2nd year u/g students, 3rd year u/g students Time Away: Summer
Housing options: Student Responsibilty with support from IIP and/or Host Organization Program Group: International Internship Program
Program Description:
StepStone Group
About:
StepStone is a global private equity and private markets specialist overseeing more than US $90 billion of private capital allocations, including over US $24 billion of assets under management. The Firm creates customized portfolios using a highly disciplined research-focused approach that prudently integrates fund, secondary, mezzanine and co-investments. StepStone Group represents some of the world’s most sophisticated public and corporate pension plans, sovereign wealth funds, endowments, family offices and foundations. StepStone Group has over 140 professionals, which includes 23 partners, located on four continents. The Firm is an active investor in all private markets strategies, including buyout, venture, distressed, credit, energy, infrastructure, real assets and real estate in all major geographies, including North America, Europe, Asia, Australia, Latin America, Middle East and Africa.

Intern Responsibilities: IIP interns will work across StepStone’s entire private equity platform, including primaries, secondaries and co-investments. Specific responsibilities include:
  • Performing market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors;
  • Interpreting financial analyses prepared by target fund managers, including investment track records and financial statement analysis;
  • Preparing valuation analyses on private companies using multiples from comparable public companies and precedent transactions;
  • Assessing marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation;
  • Conducting phone interviews with senior executives to gather insights and information regarding the style and effectiveness of target fund managers. 
IIP interns will source and analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities. The interns will form an independent opinion about the attractiveness of a sector or investment opportunity; construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; and defend their position in a team environment, including formal investment committee meetings. The interns will also support senior staff on sourcing and managing the inflow of investment opportunities; and analyzing and monitoring the performance of the Firm's existing fund managers and underlying portfolio companies, as well as prepare for and participate in meetings with assigned managers, and conduct on-going due diligence.

Qualifications: IIP candidates with interests in economics, finance, investing and private equity are encouraged to apply. Technical skills in qualitative research, and quantitative modeling would be an asset. Proficiency in both verbal and written Mandarin is highly recommended.

Dates / Deadlines:
Term Year App Deadline Decision Date Start Date End Date
Summer 2018 12/11/2017 02/28/2018 TBA TBA