Associate, Secondaries, Venture Growth Evergreen

CFA Institute; New York (NY); Hybrid; USD 80,000 - 150,000; Full time

Benefits offered by this job

Retirement plan

Health and wellbeing coverage

Flexible work environment

Paid time off

Tuition/CFA reimbursement

Job summary

The CFA Institute is seeking an Associate for their Venture Growth Evergreen team in New York. This role will focus on secondary transactions and involves execution of investment sourcing, underwriting, and modeling.

The ideal candidate will have strong financial modeling skills, a passion for secondary investing, and the ability to work collaboratively in a fast-paced environment. A CFA qualification is preferred. The compensation range is USD 80,000 - 150,000.

Qualifications

• 3-5+ years of relevant experience in secondary investing.
• Demonstrable ability to work both independently and collaboratively.
• Strong work ethic and attention to detail.

Responsibilities

• Execute investment sourcing, underwriting, and execution processes.
• Focus on deal-level modeling for secondary transactions.
• Collaborate with internal and external partners effectively.

Skills

Strong financial modeling skills

Analytical capabilities

Excellent communication skills

Collaboration and influencing skills

Passion for investing

Education

CFA charter or progress towards it

Job description

About the Role

We are seeking a highly motivated and results‑driven Associate to join our Venture Growth Evergreen (VGE) team to focus on secondary transactions in our New York office. The firm has been investing in private markets since 2003 and launched its first dedicated private capital fund in 2014. Today, the private team manages approximately $11 billion in assets and it is the fastest‑growing investment group within Wellington. Venture Growth Evergreen is a new strategy focused on investing in a highly diversified portfolio of growth and venture‑stage businesses in a perpetual vehicle targeting the wealth management channel. Private wealth is one of the fastest‑growing segments of the private equity market from a fundraising perspective, and evergreens have emerged as the vehicle of choice for the channel. These vehicles require a unique skill set and ability to underwrite a high volume of transactions across multiple sectors, strategies, and size ranges.

This role will be involved in all aspects of the investment sourcing, underwriting, and execution process, with a core focus on deal‑level modeling and underwriting for a broad set of investment across growth/venture secondary transactions. The VGE secondary strategy will include investments in LP transactions, GP‑leds and secondary directs.

The ideal candidate will be capable of executing in a fast‑paced environment and able to prioritize key focus areas in a dynamic investment process. They will also be passionate about private markets more broadly and interested in getting exposure and understanding of a broad set of industries and investment strategies. We expect this individual to leverage his or her insight and experience during the investment process, while working closely with others across our Private Investments team and the broader Wellington investment platform.

ESSENTIAL SKILLS

Analytical acumen, modeling, research – The ideal candidate will have strong financial modeling skills and demonstrated analytical capabilities and an eagerness to apply their expertise in support of secondary deals for VGE. The ability to synthesize disparate information during the diligence process, identify the most important elements, and translate findings into clear and concise materials is required.

Agility and flexibility – The candidate should enjoy working in a fast‑paced environment and will need the ability to move seamlessly across workstreams, managing multiple deals and diligence streams simultaneously.

Excellent communication skills – The ability to clearly communicate through verbal and written materials is critical when interacting with management teams, collaborating with internal and external partners, and drafting investment memos and other documents.

Superior collaboration and influencing skills – The candidate will be a self‑directed, hard‑working team player, who contributes to the investment efforts of VGE and the broader Private Investing platform. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong trusting relationships internally across teams internally.

Passion – The candidate will have deep interest in secondaries investing, and intellectual curiosity across industries and investment types. They will also have interest in wealth‑oriented products and more complex investment vehicles like evergreen funds.

OTHER QUALIFICATIONS

• 3‑5+ years of relevant experience in secondary investing, with a preference for experience across LP, GP and secondary direct transactions. A track record of investing in growth & venture secondaries is preferred.
• Demonstrable ability to work both independently and to collaborate with experienced, cross‑functional deal teams
• Strong financial modeling skills, confidence to build financial models from scratch and identify the correct drivers le ability to work both independently and to collaborate with experienced, cross‑functional deal teams
• Strong work ethic, attention to detail and problem‑solving skills
• Strong interpersonal skills and experience in a team‑based, results‑oriented environment
• Independence of thought, high degree of intellectual curiosity, and an entrepreneurial nature
• CFA charter holder or progress towards CFA preferred

Equal Employment Opportunity

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail].

Compensation and Benefits

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is: USD 80,000 - 150,000. This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/or Incentives, if eligible. In addition, we offer a comprehensive and high‑value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back‑up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time).

Work Environment

We believe that in‑person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.