Associate, Private Equity, Primaries (San Francisco)

LGT Capital Partners (USA) Inc.; San Francisco (CA); On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Discretionary bonus

Healthcare with HSA – 100% paid

Dental/Vision package

401k with 1:1 match up to 6%

Long‑term disability

Life insurance

Commuter benefits

Remote work stipend

Job summary

LGT Capital Partners (USA) Inc. seeks an Associate for the Primaries Team in San Francisco to drive fund investing activity across North American private equity.

You will cover markets, build sponsor relationships, and assist in underwriting and diligence for fund opportunities. Responsibilities include sourcing opportunities, evaluating managers, preparing memoranda, and coordinating across investment strategies.

Qualifications

• Two to four years of relevant experience in U.S. private equity at a GP or LP, investment banking, consulting, or a closely related analytical environment.
• Strong analytical and critical thinking skills with the ability to synthesize large amounts of qualitative and quantitative information.
• Collaborative, low‑ego team player who can manage workstreams independently and deliver results.

Responsibilities

• Lead core aspects of deal origination, screening, and underwriting for North American buyout and growth equity fund opportunities.
• Shared coverage of U.S. primaries with focus on technology, the West Coast, and impact.
• Source opportunities and build relationships with established and emerging managers.
• Support the evaluation and execution of new fund opportunities through diligence and investment memoranda.
• Manage intake, screening, and logging of opportunities and initial diligence.
• Contribute to the U.S. primaries strategy by sharing market intelligence and coverage priorities.
• Help originate co‑investment and secondary opportunities through GP relationships.
• Collaborate with sponsors to identify opportunities for deeper partnership.
• Coordinate with co‑investment, secondary, and credit teams to present a cohesive approach.
• Support fundraising and client interactions by contributing investment content.
• Represent the team at industry conferences and firm events for market intelligence.

Skills

Private equity experience

Proficient MS Office

Analytical thinking

Team collaboration

AI tools familiarity

Tools

AI tools usage

Job description

Firm Overview

LGT Capital Partners is a leading global specialist in alternative investing with over USD 120 billion in assets under management and more than 700 institutional clients in 50 countries. The firm has offices in San Francisco, New York, Dublin, London, Paris, The Hague, Luxembourg, Frankfurt am Main, Vaduz, Dubai, Beijing, Hong Kong, Singapore, Tokyo, and Sydney.

Job Information

This Associate role sits on LGT Capital Partners' dedicated Primaries Team in San Francisco and is designed for an investment professional who can help drive fund investing activity across North American private equity. The position combines market coverage, manager relationship development, investment underwriting, portfolio monitoring, and selective client engagement.

Key Responsibilities

Lead core aspects of deal origination, screening, and underwriting for North American buyout and growth equity fund opportunities, supporting the team in identifying attractive managers and investment themes across the market.

Shared coverage of U.S. primaries, with particular focus on technology, the West Coast, and impact, while developing informed views on market trends, manager pipelines, and sector dynamics.

Source opportunities and build relationships with both established and emerging managers, maintaining active dialogue with sponsors and industry participants to strengthen the firm’s market access and visibility.

Support the evaluation and execution of new fund opportunities through diligence, financial and qualitative analysis, investment memoranda preparation, and internal recommendation processes.

Manage intake, screening, and logging of incoming opportunities as well as initial diligence and information collection.

Contribute to the development of the broader U.S. private equity primaries strategy by sharing market intelligence, helping shape coverage priorities, and identifying areas of thematic opportunity.

Help originate co‑investment and secondary opportunities through existing GP relationships, ensuring strong coordination across adjacent investment strategies and maximizing the value of sponsor connectivity.

Work with sponsors across the value chain, including co‑investments, secondaries, and credit, to identify opportunities for deeper partnership and broader platform engagement.

Collaborate closely with co‑investment, secondary, and credit colleagues to coordinate coverage, share diligence insights, and present a cohesive approach to GP relationship management.

Support efforts to position LGT Capital Partners as a preferred long-term partner to GPs through thoughtful coverage, consistent engagement, and high‑quality execution.

Support portfolio monitoring activities for existing fund investments by tracking performance developments, preparing updates, and helping assess portfolio positioning over time.

Conduct regular monitoring and prepare portfolio updates for internal stakeholders, including investment developments, manager performance, and key portfolio events.

Partner with co‑investment and secondary colleagues where portfolio insights overlap, ensuring a coordinated view of sponsor relationships and underlying investment exposures.

Contribute to selected client and prospective investor interactions by helping communicate the team’s strategy, portfolio positioning, and investment perspective in a clear and credible manner.

Participate in fundraising and client pitch efforts by helping prepare materials, contribute investment content, and respond to diligence questions as needed.

Support or participate in investment update meetings with clients, helping present portfolio developments and answer questions on the underlying strategy.

Represent the team at industry conferences and firm events to support market intelligence gathering, relationship development, and broader brand presence.

Requirements

• Two to four years of relevant experience in U.S. private equity at a GP or LP, investment banking, consulting, or a closely related analytical environment.
• Strong analytical and critical thinking skills, with the ability to synthesize large amounts of qualitative and quantitative information and communicate conclusions clearly and concisely.
• Collaborative, low‑ego team player who can manage workstreams independently, take ownership of deliverables, and operate effectively in a fast‑paced environment.
• Proven ability to collaborate across teams, investment strategies, and offices, building effective working relationships with colleagues and external counterparties.
• High proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to build polished materials and support analytical workstreams efficiently.
• Comfort with using AI‑enabled tools and technology resources in a thoughtful, responsible, and productivity‑enhancing manner.

Salary Range

Annual base salary: $135,000 – $175,000, depending on skill, experience, and qualifications.

Benefits

• Discretionary bonus
• Healthcare with HSA – both paid at 100%
• Dental/Vision package
• 401k plan participation with 1:1 match up to 6% (Traditional & Roth)
• Long‑term disability
• Life insurance
• Commuter benefits
• Discounted gym reimbursement
• 20 PTO days accrued quarterly, up to 25 after 5 years
• Unlimited sick days
• Remote work stipend up to $1,000.00

Equal Opportunity Employer

The Company is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.