The posting
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
StepStone is looking for an experienced fund finance professional to join the Private Debt team and play a key role in the continued development of its fund finance and treasury platform.
This is an opportunity for an ambitious professional to take meaningful ownership of financing transactions, work directly with senior investment and business leaders, and build relationships with leading banks and institutional capital providers. The role will provide broad exposure across NAV and asset-backed financing, subscription facilities, liquidity management, hedging and other bespoke financing solutions supporting StepStone Private Debt's investment strategies.
The successful candidate will combine strong transaction execution skills with commercial judgment and will have the opportunity to contribute not only to individual financing transactions, but also to the development of the broader fund finance strategy, lender network and operating model.
The role is particularly suited to a high-performing Senior Associate looking to take the next step into a position with greater transaction ownership, senior stakeholder exposure and responsibility for shaping financing solutions.
Key Responsibilities
- Lead the execution of fund financing transactions, from initial financing strategy and lender engagement through term sheet negotiation, documentation and closing.
- Develop and execute bespoke financing solutions across the Private Debt platform, including NAV, asset-backed and subscription facilities and other portfolio-level financing structures.
- Run competitive lender processes, evaluate financing proposals and negotiate commercial terms with banks and other capital providers.
- Work closely with internal and external counsel on the negotiation and execution of financing documentation.
- Own and develop relationships with key financing counterparties, including banks, insurance companies, institutional investors and specialist lenders.
- Partner closely with investment teams, portfolio management, finance, legal, tax, operations and other stakeholders to identify financing needs and develop appropriate solutions.
- Help expand and diversify the platform's financing sources and capabilities, including new structures, liquidity solutions, hedging and FX.
- Provide commercial and structuring input on existing facilities, including amendments, refinancings, portfolio developments and other financing-related matters.
- Support the ongoing development of the Private Debt fund finance platform, including processes, governance, lender strategy and financing best practices.
- Prepare financing analysis and recommendations for senior management, investment committees and Boards.
- Contribute to broader balance sheet, liquidity and cash-management initiatives with a focus on optimizing portfolio risk and return.
Qualifications & Experience
- Bachelor's or Master's degree in finance, economics, business or a related discipline.
- Approximately 5–8 years of relevant experience in fund finance, leveraged/private credit finance, structured finance, specialty lending or a related financing role.
- Strong understanding of fund finance structures and transaction execution. Experience with private debt or private credit financing structures is highly desirable.
- Experience negotiating financing terms and working through transaction documentation with lenders and legal counsel.
- Strong commercial judgment and ability to assess financing alternatives across economics, structural flexibility and risk.
- Demonstrated ability to take ownership of transactions and drive multiple workstreams from concept through execution.
- Comfortable working directly with senior internal stakeholders and external counterparties.
- Strong project-management skills with the ability to coordinate investment, legal, tax, finance and operational stakeholders.
- Highly motivated and intellectually curious, with a willingness to challenge existing approaches and develop new financing solutions.
- Excellent written and verbal communication skills.
- Fluency in German would be beneficial but is not essential.
What Makes the Opportunity Attractive
The role offers an opportunity to move beyond execution within a single financing product or institution and gain exposure to the financing needs of a broad private debt investment platform. The successful candidate will have significant scope to:
- Own transactions rather than simply support them.
- Work directly with senior investment and business leaders.
- Develop relationships with a broad range of financing counterparties.
- Gain exposure to multiple financing structures and private debt strategies.
- Participate in complex and innovative financing transactions.
- Help shape and build the fund finance platform as it continues to develop.
- Grow into a broader leadership role as the platform and team expand.
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
