Investment Banking Associate (LP Advisory) | Private Capital Advisory

About the Group:

Jefferies Private Capital Advisory is one of the pre-eminent advisors to financial sponsors and institutional limited partners on transactions involving the private equity secondary market. Our professionals advise institutional investors such as sovereign wealth funds, pensions, endowments, foundations, and other large institutional investors in the private markets on the sale of portfolios of limited partnership interests in alternative asset funds. Additionally, the PCA team works closely with private equity sponsors seeking to utilize the secondary market to generate liquidity through single- / multi-asset continuation vehicle transactions among other GP-led secondary transaction types.

PCA Notable Facts:

• 75+ dedicated secondary advisory professionals worldwide based in New York, Dallas, Chicago and London
• Advised on $160B+ of transaction value across 10k+ PE funds, including dozens of LP-led and GP-led transactions for 100+ repeat clients
• #1 Global LP-led market share YTD 2024
• Signed / closed 24 GP-led transactions (e.g., continuation vehicles) totaling $10B+ of equity volume in the last 16 months (~20% global GP-led market share)

Description:

Jefferies PCA is seeking an experienced Associate to join its LP Advisory focused team in New York

• The team is focused on executing LP-led secondary transactions across the private markets (e.g., private equity, private credit, infrastructure, energy and real estate).
• LP-led secondary transaction mandates include portfolio, single fund and co-investment secondary sale advisory, buy-side advisory, fund valuation and analytics and fund- and portfolio-level financing
• Candidates will join a highly collaborative and dynamic team that often works in tandem with Jefferies sector bankers, leveraged finance and sponsor coverage teams on its transactions. Jefferies PCA offers a unique opportunity to work on transactions with meaningful exposure to senior bankers across Jefferies as well as leading private equity GP and LP clients. The Associate will play an integral role in transaction execution and new business development for ground-breaking secondaries advisory assignments.

Responsibilities:

• Prepare and contribute to the delivery of client presentations and interact with senior bankers, clients and lawyers
• Interface with sector / product banking professionals and contribute to the development of financial models and valuation analyses
• Perform company- and fund-level due diligence, prepare information memoranda and other transaction-related documentation
• Conduct secondary market research including identifying trends in the alternatives investment industry
• Manage secondary investor outreach and due diligence (e.g., sponsor roadshows, management team meetings, plant and office visits)
• Assist in preparing responses to due diligence requests from potential secondary investors
• Communicate regularly with Jefferies’ industry and financial sponsor coverage team members
• Track market data to assist with PCA’s communications with clients and industry coverage teams
• Maintain a database of secondary investor profiles, investment strategies, and transaction feedback

Qualifications / Credentials:

• Four-year Bachelor’s degree, with a distinguished academic background
• 3+ years of relevant professional experience (e.g., investment banking, valuation advisory, alternatives investment management, private equity consulting)
• Private equity secondaries investment / advisory experience is seen as beneficial, but is not a requirement
• Analytical and quantitative problem-solving skills including academic / professional experience in financial modeling and valuation
• High levels of maturity and ability to interface effectively with professionals at private equity firms, portfolio companies, and secondary investors
• Willingness to work on a wide range of secondary transaction types across different segments of the private markets and industry verticals
• Strong multi-tasking and organizational skills with consistent attention to detail
• Profound dedication to the role (i.e., willingness to take ownership of client deliverables)
• Strong judgment, critical thinking skills with resourcefulness and the ability to improvise effectively
• Exceptional communication skills (verbal, written and illustrative) across various mediums (predominantly Microsoft Word, PowerPoint, and Excel)