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: Friday, September 12, 2026

The team you’ll join 

StepStone Real Estate (SRE) boasts extensive knowledge and experience with $163B in AUA and $19B in AUM as of 2024. SRE leverages the strengths of our investment and advisory teams, drawing on our deep market research and investment analysis to create compelling opportunities and tailored portfolios of fund investments, secondaries, and co-investments for institutional investors worldwide. The Investment Team invests discretionary capital through our flagship GP-led secondaries fund, SREP, and a number of separately managed accounts (SMAs). The advisory team offers a full suite of capabilities to serve institutional investors seeking access to the private real estate markets at scale through committing to funds.   

About the role 

StepStone is currently seeking undergraduate students graduating between December 2026 through June 2027 to join our Real Estate team as Summer Analysts. This internship offers an exciting opportunity to achieve valuable learning experience working across the Real Estate industry. Through analysis of opportunistic, value-add, core and credit funds, Summer Analysts 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. 

 What you’ll do 

As a Summer Analyst, you’ll collaborate with the investment team to prepare and present recommendations to the Real Estate Investment Committee and our institutional investor clients. 

 Key responsibilities 

• Participate in the underwriting and due diligence process for potential acquisitions, including financial analysis, market research, site visits, and document review 

• Build financial models and perform sensitivity analyses to evaluate investment opportunities 

• Join meetings with fund managers and support ongoing due diligence efforts 

• Develop and articulate independent views on the attractiveness of sectors or specific investment opportunities 

• Construct and communicate investment theses clearly—both in writing and verbally—and defend your position in team settings, including Investment Committee meetings 

• Draft investment memorandums and presentation materials for acquisition opportunities 

• Assist with asset management tasks, including financial analysis and investor reporting for existing portfolio investments 

• Support fundraising efforts by preparing presentation materials and analyzing historical fund- and asset-level performance 

 What we’re looking for 

• Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future 

• Undergraduate student graduating anywhere from December 2026 through June 2027  

• GPA of 3.2 or higher 

• Strong proficiency in Microsoft Word, PowerPoint and Excel 

• Excellent written and verbal communication skills 

• Demonstrable analytical capabilities, including strong quantitative/modeling skills 

• Collaborative mindset with a proactive and team-oriented approach 

• Enthusiastic interest in Real Estate  

 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 Real Estate. 

Click here to learn more about the intern experience.

Salary: $83,200

The salary 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 does not include any benefits or other forms of possible compensation that may be available to employees.

Application deadline: Friday, September 12, 2026

#LI-Hybrid

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.

Developing People at StepStone