Asset and Wealth Management - Real Assets Private Markets Investments Associate

Description
The Multi Asset Private Markets Investment Team (MAPM-IT), part of Global Alternative Investment Solutions (GAIS) within JPMorganChase & Co's Asset & Wealth Management division, is responsible for sourcing, underwriting, and monitoring private investment funds and co-investments across private markets.

Strategies span the private investment universe including buyout, growth equity, venture capital, private credit, real assets, and secondaries.

Based in New York with offices in London & Mumbai, the team has underwritten and onboarded 300+ funds representing over $100 billion in client commitments, with the Real Assets Solutions business representing more than ＄ 30 billion in assets.

Job Summary
As a Real Assets Private Markets Investments Associate within GAIS, you will drive end-to-end due diligence and portfolio monitoring for Real Assets opportunities, primarily spanning Real Estate and Infrastructure across primary fund commitments, direct co-investments, and secondary transactions (including LP-led and GP-led).

You will own significant components of underwriting-quantitative analysis, qualitative diligence, and investment committee materials-and coordinate closely with stakeholders across Alternatives, portfolio construction, risk, legal, tax, and operations.

The role values strong Real Assets investment judgment; Real Estate underwriting expertise is beneficial given team capabilities and the opportunity set, alongside infrastructure equity and credit experience.

Job Responsibilities


* Lead diligence workstreams for Real Assets opportunities across primary funds, co-investments, and secondaries (LP-led and GP-led), including diligence planning, data requests, manager/sponsor meetings, and internal coordination.


* Build and own underwriting models and analyses tailored to transaction type, including cash flow and performance modeling, scenario/sensitivity analysis, downside framing, and key risk identification:
+ Primary funds: manager evaluation, track record attribution, portfolio construction, pacing/vintage considerations, fee/expense impact, and operational/organizational diligence in partnership with specialists.
+ Co-investments: deal-level modeling and underwriting across Real Assets equity and credit (e.g., cash flow and leverage analysis, structure/covenant assessment where applicable, base/downside cases, and exit/refinancing assumptions).
+ Secondaries: underwriting of portfolio exposures and cash flows, assessment of NAV marks/valuation approaches, discount/premium and liquidity analysis, treatment of unfunded commitments, and evaluation of transaction mechanics for GP-led processes (e.g., continuation vehicles) and LP-led sales.


* Draft and drive Investment Committee memos and presentations end-to-end; present recommendations and respond to questions from senior stakeholders.


* Partner with legal/tax/ops/risk to evaluate key terms and structures (LPAs/side lett...