Investment Banking - Private Capital Advisory, GP-Led Secondaries - Associate

We are seeking a highly motivated Associate to join the Secondary Advisory team of Private Capital Advisory & Solutions, with a focus on GP-led secondary transactions.

The team advises private equity sponsors and other alternative asset managers on liquidity and capital solutions across the private-fund lifecycle.

Transactions may include single-asset and multi-asset continuation vehicles, preferred equity solutions, and other structured secondary transactions.

The Associate will work closely with senior bankers, financial sponsors, portfolio-company management teams, secondary investors, limited partners, legal counsel, and other transaction advisers.

The role provides significant exposure to transaction structuring, financial analysis, valuation, marketing, and end-to-end execution within the growing private-capital secondary market.

The Associate will work in a collaborative, apprenticeship-oriented environment with meaningful responsibility and direct interaction with senior members of the team, including leading key workstreams and guiding junior team members.

Job Responsibilities


* Support and drive the origination and execution of GP-led secondary transactions, including single-asset and multi-asset continuation vehicles


* Own core analytical workstreams and oversee day-to-day modeling and valuation efforts, including operating models, valuation analyses, LBO models, investor return analyses, and continuation vehicle capitalization models


* Review and refine presentations, pitch books, confidential information memoranda, management presentations, investor materials, process letters, and internal approval materials


* Coordinate and manage workstreams across industry coverage teams, M&A professionals, capital-markets teams, legal counsel, tax advisers, accounting firms, and other transaction participants


* Help run the diligence process, including preparation and management of virtual data rooms and coordination of due-diligence requests across clients, management teams, investors, and advisers


* Support investor outreach and process management, including maintaining buyer lists, outreach logs, process trackers, and bid-comparison materials; assist in managing timelines and communications across parties


* Monitor and synthesize GP-led secondary-market activity, investor appetite, fundraising trends, pricing dynamics, and relevant precedent transactions to inform client advice and positioning


* Maintain and enhance internal databases covering secondary investors, transaction precedents, market activity, and sponsor relationships


* Support senior bankers in client meetings, business-development initiatives, and strategic discussions with financial sponsors; contribute to meeting preparation and follow-up materials


* Coach and develop Analysts, including providing guidance on modeling, materials preparation, and execution best practices (as applicable)

Required qualifications, capabilities,...