Investment Analyst / Associate

Morningside Capital; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

Morningside Capital, a specialist private investment firm in Toronto, focuses on GP-led secondaries and NAV-based financing. You will think like an investor from day one and work directly with the senior team across the deal lifecycle.

We seek a self-starter with 1–5 years of private equity experience, strong accounting, precise financial modeling, and the ability to write clear investment memos. Duties include research, valuation, and due diligence.

Qualifications

• Undergraduate degree required; 1–5 years of relevant private equity experience preferred.
• Strong accounting foundation and precise financial modeling.
• Ability to write clear, persuasive investment memoranda (memos).

Responsibilities

• Investigate opportunities with research, financial analysis, and industry review.
• Build comprehensive financial models and test assumptions; conduct valuation analyses.
• Meet with PE sponsors and portfolio management; support due diligence and closing.
• Assist in proactive sourcing and tracking of intermediaries; monitor post-investment performance.

Skills

Private equity

Financial modeling

Valuation

LBO analysis

Due diligence

Investment memos

Education

Undergraduate degree

Tools

Excel

Job description

We are a specialist private investment firm providing liquidity solutions to private equity funds and their investors through two primary strategies:

• GP-led Secondaries: Investing in proven, existing PE assets in partnership with high-quality sponsors while providing liquidity to their investors.
• NAV-based Financing: Providing lending and structured solutions backed by portfolios of PE assets.

Not familiar with these? That's okay. We focus on innovative and fast-growing segments of the private equity market. We offer our investors best-in‑class risk‑adjusted returns through unique strategies and seeking overlooked opportunities.

We maintain an entrepreneurial culture, but we aren't a startup. Morningside has a proven track record, committed capital, and approximately $600M in AUM.

Why Work for Us

We aren't your typical investment firm. If you are tired of the hierarchy and culture of traditional shops, Morningside offers a different path:

• Interesting Work: Making a good investment is intellectually satisfying. We focus on answering the important questions and digging deep where it matters, rather than checking boxes and managing politics.
• Outsized Impact: We are a lean, growing firm. You won't be a cog in a machine — you will work directly with the senior team, seeing every facet of the deal lifecycle and getting active investment experience.
• No Busy Work: We value substance over style. We spend our time on work that actually impacts our investment sourcing and decision‑making. Efficiency matters.
• Balance: High performance doesn't have to come at the expense of your personal life. We work hard and move fast, but we have genuine respect for work‑life balance and individual autonomy.
• Compensation: We offer market‑competitive compensation and earlier carried interest participation than our peer‑group firms.

The Role

You will play a critical role in the firm's investment activities and will be expected to think like an investor from day one.

Invest

• Conduct research and analysis to evaluate investment opportunities, including past and projected financial performance, industry dynamics, management quality, investment merits/risks, and expected returns.
• Build comprehensive financial models, test assumptions, and investigate sensitivities.
• Perform valuation analysis, including LBO models, precedent transactions, comparable company analysis, and relative value compared to benchmarks.
• Meet with PE sponsors and portfolio company management to review performance, strategy, and outlook.Work with third‑party advisors (legal, accounting, industry experts) on due diligence.
• Assist in drafting and presenting investment recommendations and support the closing process.

Source

• Assist in proactive sourcing efforts, including target research and database maintenance.
• Track and engage with investment intermediaries.

Monitor

• Track post‑investment performance and assist the IR team with reporting and fundraising needs.

What We Look For

We are looking for a self‑starter who is intellectually curious and technically sound.

• A Solid Foundation: You have an undergraduate degree and 1 to 5 years of relevant professional experience including meaningful exposure to private equity. You possess a strong technical foundation including deep accounting knowledge, precise financial modeling, and the ability to write clear, persuasive investment memos.
• A Sense of Ownership: Our focus on substance and efficiency means your output matters. We need someone with uncompromising attention to detail. You don't just complete tasks — you take full responsibility for the integrity of your work.
• An Investor Mindset: You have a demonstrable interest in investing. You possess the natural curiosity to dig deeper than the surface level of a CIM or a data room.
• Intellectual Agility: Our corner of the investment world is specialized and moves quickly. You need the ability to climb steep learning curves — absorbing complex industry dynamics, legal structures, and unique deal terms.

Think you're a fit?

Submit your resume with a short 2–3 sentence note (we prefer that over a long cover letter) to [e-mail] with the subject line "Application - Investment Analyst / Associate".