2027 Real Estate Private Equity Advisory Summer Analyst
StepStone Group
Salary undisclosed
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Description
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: Rolling basis
The team you’ll join
StepStone Real Estate (SRE) boasts extensive knowledge and experience with $190B in AUA and $20B in AUM as of December 2025. 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 2027 through June 2028 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
- Underwrite and assess prospective fund manager materials to identify key value drivers and areas for deeper analysis
- Conduct market research using public sources and proprietary databases to analyze macroeconomic trends across property types
- Interpret financial analyses from fund managers, including track records, financial statements, and fund models
- Participate in meetings with potential partners and fund managers, supporting all aspects of active investment and advisory due diligence
- Support full-time staff on coverage responsibilities including asset and portfolio management of existing real estate portfolio and sourcing, and managing the inflow of investment opportunities
What we’re looking for
- Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
- Must be willing to reside in Cleveland, Ohio
- Undergraduate student graduating anywhere from December 2027 through June 2028
- GPA of 3.5 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.
Application deadline: Rolling basis
Salary: $65,000 annually
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.
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.
About this role
StepStone's Real Estate team manages nearly $200 billion in assets across a range of investment strategies, and this summer analyst role puts you directly into that operation. You'll work alongside investment professionals evaluating real estate funds—from opportunistic plays to core holdings—across different property types and markets. The work centers on due diligence: underwriting fund materials, analyzing financial models and track records, conducting market research, and preparing investment recommendations for both the internal committee and institutional clients.
The role demands strong analytical and modeling skills, particularly in Excel, along with the ability to synthesize complex financial information and communicate findings clearly. You'll attend manager meetings, support portfolio management of existing investments, and help source new opportunities. This is substantive work that exposes you to how institutional capital flows through real estate private equity, not administrative busywork. The position requires you to be based in Cleveland, Ohio for the summer and willing to work in-office; you must also be a U.S. citizen or permanent resident with no visa sponsorship needed.
The internship pays $65,000 annually and targets undergraduates graduating between December 2027 and June 2028 with a 3.5+ GPA. If you're looking to understand real estate investing from the institutional side and can commit to the Cleveland location, this offers genuine exposure to how a major private markets firm evaluates and manages real estate portfolios.
How this employer is doing
solid
- News: Recently Raised Funding
- H1B: Sponsors Visas
- Leadership Change
- Financial News
In the news
StepStone Group Appoints Yoshitaka Todoroki As Vice Chairman, Japan, Pulse 2.0
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Pay for this role
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