MSIM - Private Equity Solutions - Secondaries Associate

About the Team

Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm, with more than 40 years of history, a presence in 26 countries, and $2.0 trillion in assets under management as of June 30, 2026. MSIM provides outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, including governments, institutions, corporations, and individuals worldwide.

Morgan Stanley Private Equity Solutions (the Team), an investment team within MSIM, delivers innovative private markets solutions to a global client base across private equity and related strategies. The Team comprises over 70 investment professionals based in suburban Philadelphia, New York, London, and Hong Kong and manages a global program across primary fund investing, co-investing, and secondaries in developed and emerging markets. The Team also leads in impact-oriented strategies, including social impact, climate solutions, and racial & gender equity, having invested over $30bn across more than 1,300 opportunities as of December 31, 2025.

About the Role

The Team is seeking candidates for an Associate position on the Private Equity Solutions team, focused on secondaries investments, predominantly LP-led. Investment professionals at the Associate level work closely with senior professionals on 3-4 person deal teams, contributing to investment analysis, research, and process management. The private markets program spans asset classes from venture capital to leveraged buyouts. The position is available in New York.

Responsibilities

• Contribute to investment sourcing, opportunity diligence and evaluation, and portfolio monitoring by reviewing inbound investment materials, meeting with private equity fund managers, and assessing performance of specific companies and funds.
• Contribute to the creation and execution of financial analyses in support of the secondary investment process (e.g., secondary fund pricing analyses, comparable company valuation analyses, LBO models, investment return projections with sensitivity analyses, track record analyses, etc.).
• Contribute to the creation and updating of secondary-specific marketing materials and initiatives.
• Contribute to strategic initiatives with cross-functional teams related to technology, data/systems, marketing, business development, sourcing, and business planning.

Qualifications

• An undergraduate degree from a leading university.
• 2-3 years of experience in private equity or investment banking. Secondaries experience is a plus.
• Highly motivated self-starter with a team orientation.
• Strong verbal and written communication skills.
• Extensive quantitative modeling experience with an excellent understanding of financial concepts and valuation.
• Exceptional project management and execution skills with an ability to meet challenging deadlines while maintaining a high degree of quality and accuracy.
• A high level of intellectual curiosity in developing knowledge of private equity and capital markets.

What You Can Expect

At Morgan Stanley, we raise, manage, and allocate capital for our clients—helping them reach their goals. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide our decisions daily. We support and empower our employees and their families with some of the most attractive and comprehensive benefits and perks in the industry, fostering an environment of collaboration and creativity.

Pay

Expected base pay rates for the role will be between $110,000 and $150,000 per year at the commencement of employment. Base pay is determined on an individualized basis and is part of a total compensation package that may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.