Investment Banking - Private Capital Advisory, GP-Led Secondaries - Associate
jp morgan chaseNew York (NY)
Investment Banking - Private Capital Advisory, GP-Led Secondaries - Associate
Posted today
jp morgan chaseNew York (NY)
SENIORITY
Senior
About the role
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, and skills
- Bachelor's degree with a strong academic record3–5 years of relevant experience in investment banking, private capital advisory, private equity, secondary investing, transaction advisory, valuation, or a related field
- Excellent quantitative and analytical skills with a strong understanding of financial statements, accounting principles, corporate finance, and valuation methodologies
- Strong written and verbal communication skills
- Exceptional attention to detail and commitment to producing accurate, high‐quality work
- Organizational skills with an ability to manage multiple assignments and work effectively in a fast‐paced, transaction‐oriented environment
- Strong judgment, integrity, professionalism, and discretion
- Demonstrated interest in private equity, private markets, and secondary transactions
Preferred Qualifications:
- Familiarity with GP‐led secondaries, continuation vehicles, or private‐fund structures
- Experience with leveraged‐buyout modeling, private‐equity transactions, or sponsor coverage
- Understanding of private‐equity fund economics, including management fees, carried interest, fund waterfalls, and limited‐partner elections
- Knowledge of secondary investors, financial sponsors, and institutional limited partners
- Experience reviewing junior work product and managing discrete workstreams (preferred)
This role encompasses the performance of regulated activity. The successful candidate will therefore be subject to meeting certain regulatory requirements.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission‐based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on‐site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Before you apply
Applying takes about a minute. These four things decide how fast it moves after that.
Your profile is current
It's what we read first. Occupations, seniority and locations matter more than a long history.
Two examples you can talk through
Not a portfolio — just two pieces of work where you can explain the decisions and what you'd change.
A number in mind
What you're on now and what would make you move. We negotiate better when we know both.
Your notice period
Employers plan around it, and it's the question that stalls offers most often.
Once you apply, someone reads it and calls you before anything reaches the employer — usually within two working days.