Investment Banking - Private Capital Advisory, GP-Led Secondaries - Associate

Next Frontier Capital; New York (NY); On-site; USD 140,000 - 210,000; Full time

Benefits offered by this job

Health care coverage

On-site wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching and more

Job summary

JPMorgan Chase & Co. in New York seeks a highly motivated Associate to join the Secondary Advisory team of Private Capital Advisory & Solutions, focusing on GP-led secondary transactions.

The role offers exposure to transaction structuring, financial modeling, and end-to-end execution within a growing private-capital secondary market. The Associate will work closely with senior bankers, sponsors, portfolio-company management teams, and other advisers in a collaborative, apprenticeship-oriented

Qualifications

• Bachelor’s degree with a strong academic record.
• 3–5 years of relevant experience in investment banking, private capital advisory, private equity, secondary investing, or related field.
• Excellent quantitative and analytical skills with strong understanding of financial statements, accounting principles, corporate finance, and valuation methodologies.
• Strong written and verbal communication skills.
• Exceptional attention to detail and commitment to producing accurate, high-quality work.
• Organizational skills with ability to manage multiple assignments in a fast-paced environment.
• Strong judgment, integrity, professionalism, and discretion.
• Demonstrated interest in private equity, private markets, and secondary transactions.

Responsibilities

• Support and drive the origination and execution of GP-led secondary transactions, including single-asset and multi-asset continuation vehicles.
• Own core analytical workstreams and oversee day-to-day modeling and valuation efforts, including operating models, valuation analyses, LBO models, investor return analyses, and continuation vehicle capitalization models.
• Review and refine presentations, pitch books, confidential information memoranda, management presentations, investor materials, process letters, and internal approval materials.
• Coordinate and manage workstreams across industry coverage teams, M&A professionals, capital-markets teams, legal counsel, tax advisers, accounting firms, and other transaction participants.
• Help run the diligence process, including preparation and management of virtual data rooms and coordination of due-diligence requests across clients, management teams, investors, and advisers.
• Support investor outreach and process management, including maintaining buyer lists, outreach logs, process trackers, and bid-comparison materials; assist in managing timelines and communications across parties.
• Monitor and synthesize GP-led secondary-market activity, investor appetite, fundraising trends, pricing dynamics, and relevant precedent transactions to inform client advice and positioning.
• Maintain and enhance internal databases covering secondary investors, transaction precedents, market activity, and sponsor relationships.
• Support senior bankers in client meetings, business-development initiatives, and strategic discussions with financial sponsors; contribute to meeting preparation and follow-up materials.
• Coach and develop Analysts, including providing guidance on modeling, materials preparation, and execution best practices (as applicable).

Skills

Analytical skills

Quantitative skills

Communication skills

Attention to detail

Discretion

Interest in private equity

Education

Bachelor's degree

Tools

Excel

LBO modeling

Valuation tools

Job description

We are seeking a highly motivated Associate to join the Secondary Advisory team of Private Capital Advisory & Solutions, with a focus on GP-led secondary transactions. The team advises private equity sponsors and other alternative asset managers on liquidity and capital solutions across the private-fund lifecycle. Transactions may include single-asset and multi-asset continuation vehicles, preferred equity solutions, and other structured secondary transactions. The Associate will work closely with senior bankers, financial sponsors, portfolio-company management teams, secondary investors, limited partners, legal counsel, and other transaction advisers. The role provides significant exposure to transaction structuring, financial analysis, valuation, marketing, and end-to-end execution within the growing private-capital secondary market. The Associate will work in a collaborative, apprenticeship-oriented environment with meaningful responsibility and direct interaction with senior members of the team, including leading key workstreams and guiding junior team members.

Job Responsibilities

• Support and drive the origination and execution of GP-led secondary transactions, including single-asset and multi-asset continuation vehicles
• Own core analytical workstreams and oversee day-to-day modeling and valuation efforts, including operating models, valuation analyses, LBO models, investor return analyses, and continuation vehicle capitalization models
• Review and refine presentations, pitch books, confidential information memoranda, management presentations, investor materials, process letters, and internal approval materials
• Coordinate and manage workstreams across industry coverage teams, M&A professionals, capital-markets teams, legal counsel, tax advisers, accounting firms, and other transaction participants
• Help run the diligence process, including preparation and management of virtual data rooms and coordination of due-diligence requests across clients, management teams, investors, and advisers
• Support investor outreach and process management, including maintaining buyer lists, outreach logs, process trackers, and bid-comparison materials; assist in managing timelines and communications across parties
• Monitor and synthesize GP-led secondary-market activity, investor appetite, fundraising trends, pricing dynamics, and relevant precedent transactions to inform client advice and positioning
• Maintain and enhance internal databases covering secondary investors, transaction precedents, market activity, and sponsor relationships
• Support senior bankers in client meetings, business-development initiatives, and strategic discussions with financial sponsors; contribute to meeting preparation and follow-up materials
• Coach and develop Analysts, including providing guidance on modeling, materials preparation, and execution best practices (as applicable)

Required qualifications, capabilities, and skills

• Bachelor’s degree with a strong academic record
• 3–5 years of relevant experience in investment banking, private capital advisory, private equity, secondary investing, transaction advisory, valuation, or a related field
• Excellent quantitative and analytical skills with a strong understanding of financial statements, accounting principles, corporate finance, and valuation methodologies
• Strong written and verbal communication skills
• Exceptional attention to detail and commitment to producing accurate, high-quality work
• Organizational skills with an ability to manage multiple assignments and work effectively in a fast-paced, transaction-oriented environment
• Strong judgment, integrity, professionalism, and discretion
• Demonstrated interest in private equity, private markets, and secondary transactions

Preferred Qualifications

• Familiarity with GP-led secondaries, continuation vehicles, or private-fund structures
• Experience with leveraged-buyout modeling, private-equity transactions, or sponsor coverage
• Understanding of private-equity fund economics, including management fees, carried interest, fund waterfalls, and limited-partner elections
• Knowledge of secondary investors, financial sponsors, and institutional limited partners
• Experience reviewing junior work product and managing discrete workstreams (preferred)

This role encompasses the performance of regulated activity. The successful candidate will therefore be subject to meeting certain regulatory requirements.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. We are seeking a highly motivated Associate to join the Secondary Advisory team of Private Capital Advisory & Solutions, with a focus on GP-led secondary transactions.