Basic information
Job Name:
2025 Associate, AlpInvest Co-Investments
Location:
New York/OVA
Line of Business:
Investment Solutions
Job Function:
Investment Professionals
Date:
Wednesday, October 23, 2024
2025 Associate, AlpInvest Co-Investments
The Carlyle Group
New York, NY, USA
Posted on Jan 9, 2025
Position Summary
The Carlyle Group seeks to hire an Associate within the AlpInvest Co-Investment 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.
AlpInvest Co-Investments Overview
AlpInvest’s Co-Investment team invests directly in companies, partnering with lead financial sponsors across the globe to provide equity financing in private equity transactions and leveraged buyouts. Investments are made globally across all industries, market segments and buyout categories by a team consisting of 33 investment professionals located in New York, Amsterdam and Hong Kong.
The Co-Investment Program is designed to work alongside private equity GPs throughout the lifecycle of a deal. AlpInvest Partners engages early in the deal process and actively supports the lead financial sponsor underwriting a bid for a company in addition to acting as a supportive partner to help finance leveraged buyouts. The team has invested $17+ billion in over 400 transactions with 150+ private equity firms including Permira, Apollo, TA Associates, Advent, KKR, Symphony Technology Group, CVC Capital, TSG Consumer, Hellman & Friedman, Thoma Bravo, GTCR, Francisco Partners, Silver Lake and Littlejohn.
Responsibilities
Associates are key members of the investment team working directly with senior investment professionals. Key job functions include:
- Applying critical thinking and judgement in the review of investment opportunities
- Preparing investment proposals that summarize the analyses and diligence performed as well as the team’s risk/return view and presenting that to the global team and firm’s Investment Committee
- Constructing detailed financial models, performing industry and competitive analysis, and conducting investment or financial analysis to complete due diligence requests
- Monitoring of existing portfolio companies through interactions with GPs, review of financial information and participation in board meetings
- Developing relationships with GPs through AGM/LPAC attendance
- Preparing periodic investor updates and conducting analyses and support work in developing relationships with the Co-investment team’s LP base and fundraising activities
Qualifications
Professional Experience
The target candidate will be trained Analysts/Associates with a minimum of 2 years of experience at an investment bank, private equity firm, management consulting or similar setting, with exposure to a wide range of transactions, valuation work and due diligence assignments. Successful candidates will be strong team players with the confidence to interact with all levels of the organization and ability to thrive in a fast-pace and entrepreneurial environment. The target candidate’s background will include:
- Familiarity with leveraged buyouts and other private equity transactions
- Advanced financial modeling capability and ability to interpret financial metrics or complete financial analysis when analyzing investment opportunities
- Desire and ability to learn about new companies and industries, and ability to quickly get up to speed in understanding company financials and performance trends
- Experience with outside-in sector research and analysis
- Excellent verbal and written communication skills
Education & Certifications
- Bachelor’s degree required
Benefits/Compensation
The compensation range for this role is specific to New York, NY and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $150,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.
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.