Associate, GP Stakes

Apogem Capital; New York (NY); Hybrid; USD 125,000 - 135,000; Full time

Benefits offered by this job

Full benefits package

Leave programs

Adoption assistance

Student loan repayment programs

Job summary

Apogem Capital is searching for an Associate for a hybrid position in New York. This role involves active investment diligence and research, working alongside senior team members to drive successful investments. The ideal candidate has 2-4 years of experience in private equity or investment banking.

Competitive salary between $125,000 - $135,000, with discretionary bonuses and a comprehensive benefits package.

Qualifications

• Understanding sponsors and the firms they've built.
• Ability to drive hard problems to closure.
• Trustworthy in handling confidential information.
• Concise communication both written and verbal.
• Familiar with financial modeling and investment valuation.

Responsibilities

• Active diligence on deals alongside senior team.
• Direct outreach to target GPs and intermediaries.
• Research firms for evaluating sponsors.
• Ad-hoc work across valuation and LP reporting.

Skills

Curiosity

Persistence

Sharp judgment

Clear communication

Technical foundation

Education

2 to 4 years of post-graduate experience in private equity or investment banking

Tools

Excel

PowerPoint

PitchBook

Preqin

CapIQ

Job description

Company Name: Apogem Capital

Location: Hybrid - 4 days per week

About Apogem Capital

Apogem is a leading private markets solutions provider with decades of experience focused on the middle market. With approximately $44 billion in assets under management as of December 31, 2025, Apogem partners with institutional investors to deliver disciplined underwriting, strategic capital deployment and long‑term value creation.

Apogem Capital operates within the New York Life Investment Management platform of companies, supported by the financial strength and long‑term stability of a Fortune 100 mutual organization.

RidgeLake is a passive minority‑equity partner to middle‑market private alternative investment firms.

We take a deep look at a wide universe of GPs each year and a small number of high‑conviction partnerships. Most of our time is spent developing proprietary relationships with sponsors – often originated through the broader Apogem platform, which manages roughly $42 billion across alternatives and credit, a sourcing reach that’s hard to replicate at our size. Done well, by the time a sponsor is ready to take outside capital, we’re already in the conversation.

For the Associate, the seat is uncommon in what it combines: direct investment work, breadth across a wide cross‑section of middle‑market PE, and the perpetual nature of GP Stakes positions. You see how firms are built – fundraising, investing, retention, succession – and stay close enough, long enough, to understand what actually drives the outcomes.

Where You’ll Spend Time

• Deals. You sit alongside the senior team on active diligence – banked processes and proprietary opportunities. You lead the model, run market and competitive work, join management calls, and draft IC materials.
• Pipeline. Direct outreach to target GPs and intermediaries, often through the broader Apogem network, and supporting senior team outreach end to end.
• Research. Studying firms in our universe and the segments they operate in – where returns are actually coming from in middle‑market PE, which strategies are working, and how we sharpen our framework for evaluating sponsors.
• Wearing multiple hats. We’re a small team. A modest share of any given month – usually around 10 % – is ad‑hoc work across valuation, LP reporting, or fundraising.

On AI

AI makes a lot of the day‑to‑day faster, which means more time on the work that actually compounds – meeting GPs, building views, joining the investment debate. We expect heavy use of the tools and rigorous review of their output – enough to spot what’s off, understand what was done, and not pass anything through you can’t stand behind.

What You’ll Bring

• Curiosity. Wants to understand sponsors and the firms they’ve built. Enjoys getting in the weeds on the underlying portfolio – every diligence brings a different set of industries and business models. Asks the questions partners aren’t volunteering.
• Persistence. Drives hard problems to closure. The work runs on long cycles – sourcing relationships, multi‑month diligences – and goes to people who don’t lose the thread.
• Sharp judgment. Especially when handling confidential and sensitive information. The role places trust early.
• Clear communication. Concise, both written and verbal.
• Technical foundation. Advanced Excel and PowerPoint, financial modeling, investment valuation, and familiarity with PitchBook / Preqin / CapIQ.
• Required: 2 to 4 years of post‑graduate experience in private equity, investment banking, M&A, leveraged finance, or consulting.

Pay Transparency

Salary range: $125,000 - $135,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation.

We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.