Private Equity Associate

An established international financial institution is seeking a Private Equity Associate to join its New York investment team. The organization manages a diversified portfolio of global investments and is expanding its private markets investment activities in the United States.

Responsibilities

• Fund Sourcing and Pipeline Development
  • Identify prospective general partners and private equity funds through proprietary research, external databases, advisor recommendations, and industry relationships.
  • Communicate directly with general partners and placement agents to obtain fund information, investment updates, and market intelligence.
  • Maintain relationships with existing fund managers through regular meetings, annual general meetings, and other investor communications.
  • Evaluate prospective investment opportunities and maintain an organized investment pipeline.
  • Prepare preliminary fund summaries and distribute relevant information to internal investment team members.
• Investment Due Diligence and Execution
  • Conduct comprehensive due diligence on private equity fund managers, including investment strategy, historical performance, organizational structure, team capabilities, portfolio construction, and alignment of interests.
  • Analyze fund terms, fee structures, legal documents, and other investment materials.
  • Coordinate with external legal counsel, consultants, tax advisors, and other service providers to support investment analysis and decision-making.
  • Prepare investment recommendation materials for internal approval.
  • Support subscription documentation, closing processes, and other investment execution activities.
• Investment Committee Support
  • Prepare detailed presentations and supporting materials for investment committee meetings.
  • Present investment opportunities and respond to questions from senior decision-makers.
  • Track committee feedback, document required follow-up items, and ensure that action items are completed in a timely manner.
• Portfolio Monitoring and Reporting
  • Monitor the performance of existing private equity fund investments, including capital calls, distributions, NAV updates, financial statements, and quarterly reports.
  • Maintain portfolio tracking systems, databases, and internal reporting tools.
  • Identify and escalate performance issues, operational concerns, or material changes in investment strategy.
  • Prepare periodic portfolio reviews and performance reports for senior management and other stakeholders.
  • Participate in Limited Partnership Advisory Committee meetings when appropriate.
• Investor Reporting and Presentation Support
  • Prepare presentation materials for investor and stakeholder meetings, including portfolio updates, performance summaries, and prospective investment information.
  • Respond to inquiries regarding portfolio performance, investment activity, and market developments.
  • Coordinate with senior management to ensure that investor communications are accurate and consistent.
  • Assist with the preparation of investor reports, presentations, and related materials.
• Fund-of-Funds Operations
  • Monitor and forecast fund cash flows, including capital calls, distributions, management fees, and other expenses.
  • Coordinate capital activities with fund administrators and other service providers.
  • Process investor contributions and distributions.
  • Review NAV calculations, financial statements, and capital account reports.
  • Coordinate matters related to amendments of fund agreements and other fund documentation.
  • Reconcile fund records and support audit and tax-reporting processes.
  • Ensure compliance with applicable fund documents, internal policies, and regulatory requirements.
• Investment Strategy and Research
  • Participate in regular pipeline and portfolio review meetings.
  • Document meeting outcomes and follow up on assigned action items.
  • Collaborate with internal investment professionals and external advisors to evaluate and refine investment strategies.
  • Conduct market research and analysis to support strategic planning and portfolio development.
• Internal and External Coordination
  • Work closely with investment, legal, finance, accounting, tax, compliance, and operations teams.
  • Coordinate with fund managers, placement agents, consultants, legal counsel, fund administrators, and other external advisors.
  • Maintain organized documentation and communication records for compliance, audit, and internal reporting purposes.

The responsibilities above may apply to private equity funds, general partners, co-investment opportunities, fund-of-funds investments, and other private market investment opportunities, as appropriate.

Requirements

• Education and Experience
  • Bachelor’s degree in Finance, Economics, Business, Accounting, or a related field.
  • MBA, Master’s degree, or other advanced degree is preferred.
  • Approximately one to five years of relevant experience in private equity, private markets, fund investing, asset management, investment banking, transaction advisory, or a related field.
  • Direct experience evaluating or managing private equity fund investments is strongly preferred.
  • Experience with fund-of-funds operations or private fund portfolio management is a plus.
  • CFA, CAIA, CPA, or a similar professional certification is preferred but not required.
• Skills and Competencies
  • Strong analytical, financial analysis, and financial modeling skills.
  • Understanding of private equity markets, fund structures, investment terms, and portfolio performance measures.
  • Excellent written and verbal communication skills.
  • Ability to prepare clear and professional investment presentations and reports.
  • Strong organizational skills and attention to detail.
  • Ability to manage multiple assignments and deadlines in a fast-paced investment environment.
  • Proficiency in Microsoft Excel and PowerPoint.
  • Experience with investment databases, portfolio management systems, or analytics platforms is preferred.

Pay

Base salary: $120,000–$130,000, plus discretionary bonus and benefits.