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Financial Services, Investment Management, Private Equity

Vice President / Director - Asset-Based Finance, Private Debt

New YorkOnsiteFull TimeVice PresidentPosted 1 month agoVisa sponsorship available

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Required skills

  • Asset-Based Finance
  • Private Debt
  • Co-investment
  • ABF single transactions
  • Investment Committee
  • GPs
  • Investment Memorandums
  • Financial Models
  • Structured Credit Assets
  • Consumer Lending

Nice to have

  • ABF-focused GPs
  • CFA

Role summary

This Vice President/Director role in Private Debt focuses on Asset-Based Finance (ABF) co-investment opportunities. The successful candidate will be responsible for sourcing, analyzing, and executing ABF transactions, preparing recommendations for the Investment Committee, and managing relationships with GPs. Key responsibilities include due diligence, structuring, closing deals, performing market research, building financial models specific to ABF strategies and structured credit assets, and presenting investment theses. A strong track record in executing ABF transactions and excellent analytical and communication skills are required. Familiarity with ABF-focused GPs is advantageous.

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.

Position Overview (Vice President or Director)

This role focuses on asset-based finance (ABF) co-investment opportunities in private debt. The successful candidate will play a critical role in sourcing, analyzing, and executing ABF co-investment transactions, preparing recommendations for the Firm’s Investment Committee, and supporting the broader Private Debt platform. A deep understanding of private markets and experience in executing ABF single transactions is required. Familiarity with ABF-focused GPs is an advantage but not mandatory.

Essential Job Functions

  • Lead and support ABF co-investment transactions from origination to initial screening through execution, including due diligence, structuring, and closing
  • Maintain and improve existing relationships with GPs in the ABF space to increase co-investment flow; build out new GP relationships in the ABF space
  • Train analysts in the US to expand the capabilities of the investment team within the ABF market
  • Prepare high-quality Investment Memorandums aligned with StepStone standards
  • Perform market research and analyze macroeconomic trends with a focus on ABF sectors
  • Build and interpret ABF-specific financial models for ABF strategies and structured credit assets
  • Communicate investment theses clearly and defend recommendations in Investment Committee settings
  • ABF Focus Areas

    Examples of relevant ABF strategies include:

  • Consumer Lending (Credit Cards, Auto, etc.)
  • Aircraft Leasing
  • Litigation Finance
  • Significant Risk Transfers (SRTs)
  • Royalties
  • Other specialized asset-backed opportunities.
  • Qualifications

  • BA/BS in Business, Finance, Economics, or Accounting
  • Demonstrated track record of academic and professional success
  • Experience executing ABF single transactions or ABF co-investments
  • Strong analytical and quantitative skills, including ABF-specific modeling
  • Excellent written and verbal communication skills
  • CFA designation a plus
  • Required Knowledge, Skills, and Abilities

  • Applied experience in valuation and investment analysis, ideally in ABF structures
  • Ability to thrive in a fast-paced, entrepreneurial environment
  • Team-oriented mindset with strong interpersonal skills
  • Salary Range: 190,000 - $210,000

    The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

    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.

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