Investment Banking - M&A Private Capital Advisory - Structuring Associate

About the role

We are seeking a highly motivated Associate to join our North American Private Capital Advisory team. The Private Capital Advisory team sits within M&A and is part of the global Private Capital Advisory & Solutions team.

Responsibilities

• Work with clients in tandem with industry teams to analyze the optimal transaction structure and financial modelling for a potential transaction, with particular focus on bespoke non-control structures
• Analyze the most suitable investor universe for each transaction and speak to investors as part of the outreach process, whether for bilateral partnerships or broader partner identification, as well as on an ongoing basis
• Lead the structuring workstream on live mandates and potential transactions, including designing and negotiating terms across various non-control structures (e.g., structured minority equity, preferred equity, forward-starting lease)
• Evaluate how risk and return dynamics shift as structural variables are flexed — including IRR caps, call schedules, distribution priorities, leverage, tenor, and downside protections — to identify the most appropriate structure for each situation, partnering on the underlying quantitative output
• Support the preparation of transaction marketing and process materials, including term sheets
• Career development and mentoring

Requirements

• Prior work experience in an investment banking front office role, such as structured M&A, structured finance, project finance, or illiquid markets structuring role
• Demonstrated experience in designing and negotiating bespoke transaction structures – selecting instruments, setting economic terms, and shaping governance and downside protections
• Keen interest in private capital, minority M&A, and structured transactions. Interest in how minority and JV transactions work, including shareholder and governance agreements
• Desire to work across sectors and have exposure to different types of transactions
• Strong corporate finance proficiency, with a solid understanding of cash flow dynamics, risk allocations, capital structures, and how structural features drive investor returns. The role will require flexibility to work across the capital spectrum and be exposed to new and creative structures
• Familiarity with key structural levers such as IRR caps, call schedules, distribution waterfalls, leverage, tenor, and downside protections, and the ability to articulate trade-offs between them
• Experience evaluating and structuring cash flows across structured products (e.g., structured credit, asset-backed and project-finance cash flows, and long-dated, illiquid credit-like instruments), including cash flows with embedded optionality (e.g., prepayment, call, extension, and default-timing features)
• Ability to engage in client and investor communications and take ownership across the transaction lifecycle
• Experience training junior bankers, with proven leadership skills and the ability to inspire and develop junior team members

Skills

• Exceptional written and verbal communication skills, with the ability to communicate concepts and ideas concisely and defend their validity
• Ability to perform under pressure and meet tight deadlines, with a track record of delivering innovative, analytically grounded solutions
• A high ownership mindset with the ability to manage workstreams independently and assume a high level of responsibility