Associate, Secondary Investments

About Adams Street Partners

Adams Street Partners is a global private markets investment manager with nearly $76 billion in assets under management. The firm is 100% employee-owned, fostering a culture of collaboration, intellectual rigor, integrity, and professional development. Recognized as one of Pension & Investments’ Best Places to Work in Money Management for eight consecutive years (2025), Adams Street operates as a single global team across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. A pioneer in private markets, the firm was inducted into the Private Equity Hall of Fame in 2000 and serves clients including public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high-net-worth individuals worldwide. Adams Street has offices in Abu Dhabi, Austin, Beijing, Boston, Chicago, Hong Kong, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo, and Toronto.

About the Secondary Investment Team

The Secondary Investment Team at Adams Street consists of 19 professionals globally. The team has closed over 300 secondary transactions, including LP-led and GP-led deals, and manages over $8 billion in assets. Currently investing its eighth dedicated secondary fund alongside capital from other Adams Street funds and separately managed accounts, the team leverages the firm’s extensive private markets knowledge and disciplined investment approach to deliver long-term outperformance relative to industry benchmarks.

Responsibilities

• Perform quantitative analysis, including LBO, fund, and transaction modeling.
• Conduct market and company research.
• Participate in due diligence calls with GPs, management, and sellers.
• Assist in all aspects of the transaction, including deal selection, pricing analysis, and execution.
• Support transaction documentation and presentations to the investment committee.
• Develop and maintain proprietary deal and market intelligence.
• Perform deal monitoring analysis.
• Support strategic team and firm initiatives.

This deal-oriented role offers high responsibility and exposure to private markets subclasses, including buyout, venture capital, and credit funds across developed and emerging markets. The position is based in either Chicago or New York.

Requirements

• Graduated from a top-tier undergraduate university.
• 2-3 years of work experience in private equity or investment banking, with preference for M&A and LBO transaction experience.
• Strong analytical, modeling, organizational, and writing skills.
• Professional presence with relationship and communication skills to interact effectively with internal and external parties.
• Highly motivated, self-starter with the ability to work independently within a team context.

Benefits

• Medical, dental, and vision coverage.
• 401(k) with immediate vesting and employer match.
• Profit sharing.
• Flexible spending accounts (FSA).
• Paid parental leave, including adoption.
• Generous paid time off.
• Commuter benefits.
• Employer-paid short- and long-term disability and life insurance.
• Access to additional voluntary benefits.

Pay

NYC Pay Range: $130,000—$150,000 USD

Illinois Pay Transparency: $130,000—$150,000 USD

The listed salary range does not include bonus or incentive compensation.