Associate Director (Fund of Funds) 12 month FTC

M&G FA Limited; Greater London; On-site; GBP 50,000 - 90,000; Full time

Job summary

A leading investment firm in Greater London is seeking an experienced Associate Director of Private Equity to support the investment team in sourcing, underwriting, and managing primary fund and co-investment opportunities. This role requires experience in private equity, strong analytical skills, and excellent communication abilities. The position offers a fixed-term contract with flexible working arrangements and comprehensive benefits, including a competitive pension scheme and generous annual leave.

Benefits

Pension scheme with 18% contribution

38 days annual leave

Health & protection cover

Comprehensive support for families

Qualifications

• Experience in private equity and/or private markets is preferable.
• Strong analytical skills and technical competence, including financial modelling capabilities.
• Excellent verbal and written communication skills.
• Ability to work collaboratively with stakeholders across the organisation.

Responsibilities

• Underwrite new primary fund commitments and co-investments.
• Monitor and manage existing portfolio investments.
• Support marketing-related activities for the investment team.

Skills

Private equity experience

Financial modelling

Analytical skills

Communication skills

Stakeholder collaboration

Detail-oriented

Ability to manage priorities

Proactive attitude

Interpersonal skills

Proactivity

Education

Bachelor’s degree in finance, economics or a related field

Working toward CFA or similar qualification

Job description

Overview

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 balanced, long‑term investment and savings solutions.

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

The Role

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

The M&G Private Equity team manages a portfolio of over $7 billion invested in more than 300 funds across more than 100 private equity managers worldwide through primary funds, co‑investments and secondaries. A typical investment mix includes closed‑ended fund‑of‑funds, open‑ended semi‑liquid funds and 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 primary fund and co‑investment opportunities, primarily mid‑market buyout funds in Europe and North America (with opportunistic exposure to Asia). This is a 12‑month fixed‑term contract providing maternity coverage for an existing investment professional.

Key Responsibilities

• Underwrite new primary fund commitments and co‑investments, including due diligence, market research, financial analysis, modelling and drafting investment memoranda.
• Monitor and manage existing portfolio investments, providing performance reports and updates to senior management and investors.
• Support marketing‑related activities and market research to meet the needs of the investment team and programme.

Key Knowledge, Skills & Experience

• Experience in private equity and/or private markets is preferable.
• Strong analytical skills and technical competence, including financial modelling capabilities.
• Excellent verbal and written communication skills.
• Ability to work collaboratively with stakeholders across the organisation and externally.
• A conscientious, self‑starter with great attention to detail and the 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 interpersonal skills to thrive in a dynamic team setting.
• Bachelor’s degree in finance, economics or a related field; working toward 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 are committed to helping you thrive and support 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:

• Pension scheme with a 18% contribution (13% employer, 5% employee) and Share Save, Share Incentive Plan, and access to financial wellbeing and support services.
• 38 days annual leave (bank holidays included) with the option to purchase up to 5 extra days and the Time Off When You Need It policy for additional flexibility.
• Inspiring Families policy offering comprehensive support and paid parental leave covering maternity, adoption, surrogacy and paternity.
• Health & protection cover including private healthcare, critical illness cover and life assurance with family options.

We have a diverse workforce and an inclusive culture that is underpinned by our policies and employee‑led networks. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long‑term condition, we aim to attract, promote and retain exceptional people. We also welcome those who served in the military 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 due to a disability or additional need, please let us know by contacting us at the application support contact provided in the posting.