Associate, Investment Banking - Private Capital Advisory (LP-Led Secondaries)

Responsibilities

• Perform portfolio-, fund-, and underlying company-level due diligence and valuation analysis across diversified LP portfolios
• Prepare marketing materials (portfolio overviews, teasers, data books, etc.) and other transaction-related documentation
• Financial analysis and modeling, including LP portfolio valuations, cash flow and NAV projections, pricing analyses, LBOs, and waterfalls
• Aid in managing buy-side investor outreach and due diligence (e.g., data room management, GP reference calls, investor Q&A)
• Contribute to preparing responses to due diligence requests from potential secondary buyers, and coordinate information flow between selling LPs and prospective purchasers
• Communicate and collaborate regularly with Moelis' industry and financial sponsor coverage team members
• Maintain databases of secondary market transactions, LP portfolio pricing benchmarks, buy-side investors (profiles, strategies, investment preferences), and broader market data to support marketing materials and client advice
• Communicate regularly with buy-side investors (dedicated secondary funds, family offices, SWFs, insurance firms, funds-of-funds, asset managers, etc.)
• Conduct secondary market research, including tracking LP portfolio pricing, deal volumes, and liquidity trends across the alternatives industry
• Conduct ad hoc industry research

Qualifications

• Candidates should have a minimum of 3-5 years post-college financial services experience
• Understanding of the private equity industry and the secondaries market, with particular interest in LP-led transactions and institutional portfolio management
• Highly motivated individual with a strong desire to learn
• Keen attention to detail
• Strong analytical and technical skills (including extensive experience with Microsoft Excel, PowerPoint and Word)
• Ability to think creatively in order to solve problems
• Excellent communication skills
• Organized, with good judgment and time management skills

Pay

USD $175,000–$225,000