Associate/VP, Research Analyst

Fortress Investment Group; New York, Northern (NY, KY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

Fortress Investment Group in New York, NY is seeking an experienced Equity Capital Markets / Syndicate Analyst to join Fortress Beacon. You will analyze IPOs, follows-ons and other equity offerings while supporting portfolio managers with market intelligence.

The role emphasizes fundamental analysis, financial modeling and valuation, with opportunities to interact with senior investment professionals in a fast-paced merit-driven environment.

Qualifications

• 5–10 years of relevant experience in equity capital markets or related roles.
• Experience on a sell-side equity syndicate desk is a plus.
• Strong ability to conduct fundamental analysis, financial modeling and valuation.
• Excellent communication and relationship-building skills.
• Ability to operate in a fast-paced investment environment with sound judgment.

Responsibilities

• Monitor and analyze equity capital markets activity including IPOs, follow-ons and other offerings.
• Provide timely, actionable analysis of market conditions, investor positioning and transaction dynamics.
• Conduct fundamental research and valuation analysis of companies and sectors.
• Evaluate primary and secondary equity offerings as potential opportunities.
• Work with portfolio managers to identify investment ideas from equity market activity.
• Maintain relationships with investment banks and syndicate desks to gather market intelligence.
• Analyze deal terms, pricing, allocations, and translate insights into recommendations.
• Develop tools and frameworks to monitor issuance activity and market trends.

Skills

Equity capital markets

Financial modeling

Valuation

Analytical skills

Communication skills

Relationship building

Job description

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $55 billion of assets under management as of June 30, 2026. Founded in 1998, Fortress manages assets on behalf of over 2,000+ institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. We had approximately 1002 employees and 218 investment professionals as of June 30, 2026, at our headquarters in New York and our affiliate offices around the globe.

Fortress Beacon Multi-Strategy Hedge Fund

Fortress Beacon is a global multi-strategy, multi-manager hedge fund seeking to generate differentiated alpha streams through trading primarily across global liquid markets. The Fortress Beacon portfolio consists of alpha oriented strategies, such as fundamental long/short equity, global macro, and merger arbitrage.

Equity Capital Markets / Syndicate Analyst – New York, NY

This is an opportunity to join a high-growth multi-manager investment platform within Fortress Investment Group at an early stage of its development. The role offers significant exposure to the investment process and the opportunity to work directly with experienced portfolio managers and senior investment professionals. We are looking for someone who can connect capital markets intelligence with fundamental investment analysis, someone who understands how transactions get done, but can also assess what a company is fundamentally worth and translate that analysis into actionable investment ideas. The successful candidate will have significant responsibility and the opportunity to help shape the platform as it grows.

Responsibilities

• Monitor and analyze equity capital markets activity including IPOs, follow-ons, block trades, accelerated bookbuilds, lockup expirations and other equity and equity-linked transactions.
• Provide timely, actionable analysis of market conditions, investor positioning, demand, transaction dynamics, and aftermarket performance.
• Conduct fundamental research and valuation analysis of companies and sectors, including financial modeling, earnings analysis, valuation methodologies, and assessment of key investment drivers and risks.
• Evaluate primary and secondary equity offerings as potential investment opportunities, incorporating both transaction-specific dynamics and underlying company fundamentals and valuation.
• Work closely with portfolio managers to identify, develop, and evaluate investment ideas arising from equity capital markets activity.
• Maintain and leverage relationships with investment banks, syndicate desks, sales teams, and other market participants to generate differentiated market intelligence.
• Analyze deal terms, order books, pricing, allocations, and investor behavior, and translate these insights into actionable investment recommendations.
• Develop analytical tools and frameworks to monitor issuance activity, market trends, valuation, and relative value.
• Contribute to the continued development of the platform’s equity capital markets capabilities.

Qualifications

• 5-10 years of relevant experience in equity capital markets, investment banking, equity research, sales & trading, or a related investment role.
• Experience on a sell-side equity syndicate desk is a significant plus.
• Demonstrated ability to conduct fundamental analysis, financial modeling and valuation work.
• Strong understanding of equity capital markets, transaction mechanics, investor behavior, and market structure.
• Exceptional analytical skills and the ability to synthesize complex information into clear, actionable investment conclusions.
• Strong judgment, attention to detail, and ability to operate effectively in a fast-paced investment environment.
• Excellent communication and relationship-building skills.
• Intellectual curiosity, initiative and a genuine interest in investing and financial markets.

Compensation

The base salary range for this position is expected to be between $150,000 and $200,000. The base salary range proposed for this role has been set forth to comply with local law, but salary is only one element of the total compensation for this role. The base salary range suggested above does not include compensation elements such as bonuses, overtime and deferred cash (each of which are applicable in certain roles), benefits, perquisites, and company contributions to employee 401(k) accounts. Such other pay components often result in total compensation materially exceeding base salary for a particular role. Total compensation as well as base salary for a role depend in part upon individual performance, years of service, experience, geographic considerations, the performance and the needs of particular business units, company performance, and general market conditions.

Equal Opportunity Employment

Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.

Fortress looks for the best and the brightest to join our dynamic team of smart, driven, creative problem solvers. We cultivate career growth through a framework enriched by a supportive mentorship system that provides hands on experience, nurtures individual potential, and rewards performance. Our dynamic teams synergize diverse expertise with agile collaboration, catalyzing the creation of superior solutions that address complex financial and logistical challenges. Our team thrives on a non-hierarchical ethos, embracing the fluidity of ideas and contributions from all levels to forge a path of collaborative success. We steadfastly uphold a merit-based advancement approach, recognizing and rewarding the achievements and talents of our individuals as the cornerstone of our collective progress.

More at: www.fortress.com/careers

Equal Opportunity Statement (Duplicate)

Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equalopportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.

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