Associate Director (Fund of Funds) - 12 month FTC

M&G; City Of London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading investment firm in London is seeking an experienced Associate Director of Private Equity to support its investment team. This role involves underwriting new investments, monitoring portfolio performance, and conducting market research. The ideal candidate will have a background in private equity and strong analytical skills. This is a 12-month Fixed Term Contract for maternity coverage, offering competitive benefits including a generous pension scheme and work-life balance options.

Benefits

Pension scheme of 18%

38 days annual leave

Private healthcare

Comprehensive paid parental leave

Flexible working arrangements

Qualifications

• Experience in private equity and/or private markets is preferred.
• Ability to interpret complex information for decision-making.
• Strong communication skills, both verbal and written.
• Comfortable managing competing priorities in a fast-paced environment.

Responsibilities

• Underwriting new primary fund commitments and co-investments.
• Monitoring and managing existing portfolio investments.
• Conducting market research to support the investment team.

Skills

Private equity experience

Financial modelling

Analytical skills

Communication skills

Stakeholder management

Attention to detail

Time management

Team collaboration

Education

Bachelor's degree in finance or economics

Working towards CFA

Job description

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity, we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

The Role

M&G Impact & Private Equity is an investment division of M&G Investments which includes over 40 professionals that manage $15 billion in assets globally across three dedicated investment teams, including Private Equity, Real Assets and Catalyst, and several functional specialist teams, including Portfolio Management, Operational Due Diligence, Sustainability, and Product.

The M&G Private Equity team manages a portfolio of over $7 billion, which is invested in over 300 funds across more than 100 private equity managers globally through primary funds, co-investments, and secondaries. Investments are typically made from a combination of closed-ended fund-of-funds, open-ended semi-liquid funds, and our internal accounts.

The M&G Private Equity team is looking to hire an Associate Director of Private Equity to support the investment team in sourcing, underwriting and managing its investments in primary funds and co-investments. For this role, these investments will typically be in, or alongside, mid‑market buyout funds in Europe and North America (and opportunistically in Asia). The role is a 12 month Fixed Term Contract in order to provide maternity coverage for an existing investment professional.

Key Responsibilities for this Role

• The primary responsibility will be to work within the private equity investment team in underwriting new primary fund commitments and co-investments, which will include due diligence, market research, financial analysis and modelling, and drafting investment memorandum.
• This role will require the monitoring and managing of existing portfolio investments and providing reports and updates on performance to senior management and investors.
• This role will also include marketing‑related activities and market research to support the needs of the investment team and programme.

Key Knowledge, Skills & Experience

• Experience in private equity and/or private markets is preferred.
• Strong analytical skills and technical competence to interpret complex information to support effective decision‑making, including financial modelling capabilities.
• Strong communication skills (both verbal and written).
• Ability to work with stakeholders across the organisation and externally.
• A conscientious manner, self‑starter with good attention to detail and ability to deliver high‑quality outputs.
• Comfortable managing competing priorities and working under pressure in a fast‑paced environment.
• Organised, proactive, and intellectually curious, with the interpersonal skills to thrive in a dynamic team setting.
• Bachelor’s degree in finance, economics, or related field, and working towards the CFA or a similar qualification is preferred.

Location

10 Fenchurch Avenue

Job Level

Experienced Colleague

Recruiter

Natalie Renn

Closing Date

24th November 2025

What we offer

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options – for peace of mind.

Additional Information

To explore more about life at M&G and our full benefits offering, visit Life at M&G.

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee‑led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions.

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [e-mail]