Basic information

Job Name:

2025 2-Year Associate, AlpInvest Secondaries & Portfolio Finance

Location:

New York/OVA

Line of Business:

Investment Solutions

Job Function:

Investment Professionals

Date:

Friday, October 18, 2024

Position Summary

The Carlyle Group seeks to hire an Associate within the AlpInvest Secondaries & Portfolio Finance team.

AlpInvest Partners Overview

AlpInvest Partners is one of the largest and well-established private equity investors globally, with over $100 billion committed to investments since inception and over $90 billion in AUM as of June 30, 2024. AlpInvest is wholly owned by The Carlyle Group and serves as the private equity multi-manager adviser within the Carlyle Investment Solutions business segment. AlpInvest professionals have full access to Carlyle’s resources and network providing a key differentiator in the private equity market, associate experience and post-associate opportunities, including business school.

AlpInvest's activities cover a broad range of private equity, including Primary Fund commitments, Secondary Investments and Co-Investments. The firm's investments span the full spectrum of private equity: buyouts, venture, growth capital, energy, mezzanine, and distressed. AlpInvest offers customized private equity solutions to clients through separately managed accounts and commingled funds. AlpInvest has a large and diverse base of more than 550 investors globally, including sovereign wealth funds, public and private pension funds, insurance companies, family offices and other financial institutions.

AlpInvest has offices in New York, Amsterdam, London, and Hong Kong with a team of more than 90 investment professionals and over 240 employees across the globe.

Secondary & Portfolio Finance Investments Team Overview

The Secondary & Portfolio Finance Investments team focuses on acquiring pools of existing private equity assets and providing capital solutions across the private equity ecosystem. AlpInvest is a market leader in complex opportunities requiring innovative equity (secondary spin-outs, fund restructurings, secondary directs, etc.) and credit solutions (NAV loans, GP financing solutions, LP interest finacings, and credit secondaries). The team has committed over $34Bn across 225 transactions since inception.

Associates are key members of the investment team working in a flat team environment directly with senior investment professionals. Associates work across both the Secondaries Program and the Portfolio Finance Program (ASPF) and are responsible for due diligence, analysis and developing an initial and independent view of each investment.

Responsibilities

The candidates will most likely be trained Analysts/Associates with a minimum of 2 years of experience in investment banking, private equity, private credit / direct lending, or similar setting, with exposure to a wide range of transactions, industry studies, valuation work and due diligence assignments. Bachelor’s Degree required. Successful candidates will be team players with the confidence to interact with all levels of an organization.

Primary Responsibilities:

Review of investment opportunities
Leadership role in due diligence meetings and other team initiatives
Responsibility for financial modeling including:

Detailed company-level analysis and underpinning for businesses in diverse industries
Fund-level cash flow structuring
Credit-like cash flow structuring related to funds / GP management companies and LP portfolios

Preparation of due diligence requests and investment proposals
Monitor performance of investments including attending advisory board and General Partner meetings

Qualifications

Education & Certifications:

Bachelor’s degree required

Knowledge & Experience:

Familiarity with structuring and execution of leveraged buyouts
Experience with due diligence process and analysis
A keen interest in understanding the fundamentals of different industries
Excellent verbal and written communication skills
Advanced financial modeling capability

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $435 billion of assets under management and more than half of the AUM managed by women, across 606 investment vehicles as of June 30, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,200 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

At Carlyle, we value diversity as a key driver of performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." Our aim is to cultivate a community where insights are continually exchanged and different perspectives are embraced. We recognize that diverse teams perform better and we are dedicated to leveraging diversity as a competitive advantage at Carlyle.

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