Vice President - Portfolio Management

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.

Step Stone Group LP (Step Stone) seeks a Vice President, Portfolio Management for its La Jolla, CA location.

• Origination and development of new analytical products and quantitative solutions that expand the firm’s private markets capabilities and support new revenue generating initiatives.
• Analyze large private markets datasets to identify performance trends, risk factors, and portfolio drivers and develop quantitative outputs supporting investment and portfolio decisions.
• Coordinate cross-functional research initiatives that integrate quantitative analysis, market data, and investment themes leveraging internal AI tools to support strategic decision making.
• Conduct applied research and prepare written analytical materials including white papers, technical reports, and research briefs related to portfolio construction, private markets, and investment analytics.
• Produce client ready analytical and presentation materials using Excel and PowerPoint, including validation checks and visualization, and lead technical question and answer discussions presenting portfolio construction analysis and quantitative results to internal and external audiences.
• Present quantitative research findings at industry conferences and professional events and contribute analytical materials to internal knowledge resources.
• Drive client engagements and collaborate with external academic researchers on quantitative research initiatives related to portfolio construction and private markets analytics, including coordination of research scope, analytical methodologies, and presentation of findings.
• Supervise and develop a team of analysts by assigning analytical responsibilities, reviewing quantitative models and research outputs, providing technical guidance, and evaluating deliverables for accuracy and methodological rigor.

• Must have a Master’s degree or foreign equivalent in Mathematics, Statistics, Biostatistics, Econometrics, Engineering Management, or closely related quantitative field
• Three (3) years of experience in the position offered, as a Quantitative Analyst/Associate, or closely related position in the financial services industry. In the alternative, will accept a Bachelor’s degree in the fields above followed by five (5) years of progressive, post-bachelor’s experience in positions specified above.
• Full term of experience must include:
• Leveraging public and private financial instruments and data sources, including equities, fixed income, macroeconomic indicators, interest rates, and currency data, for use in quantitative financial modeling;
• Applying private markets concepts, including performance and risk metrics, fee structures, liquidity modeling, and capital pacing, in portfolio construction and valuation models;
• Analyzing private equity, private debt, real estate, and real assets investments, including primaries, secondaries, and co-investment structures;
• Developing, validating, and modifying financial models using Microsoft Excel, Python, and R, including equity and debt structures, cash flow projections, and return calculations;
• Performing statistical analysis and applied financial research using structured and unstructured private markets datasets, including data extraction, cleaning, and transformation;
• Supervising and coordinating analytical staff in the development of financial models, research outputs, or analytical deliverables;
• Developing and managing multi-asset class portfolios across private markets strategies to achieve targeted risk, return, and liquidity objectives.
• Must also have at least two (2) years of experience with the following:
• Preparing analytical and presentation materials using PowerPoint for investment analysis, portfolio construction, and client reporting;
• Utilizing AI enabled or large…