Program Associate – Private Investment Portfolios and Co-Investment (“PIPCO”) Infrastructure

Neuberger; New York (NY); On-site; USD 150,000 - 170,000; Full time

Job summary

Neuberger is seeking an Associate for the Private Markets platform in New York. The role involves due diligence on primary fund investments and co-investments, in-depth valuation of infrastructure assets, and collaboration with senior team members on deal execution.

You will help prepare diligence materials, attend partner meetings, and monitor the deal pipeline while supporting fundraising and client requests. Strong finance skills and 2–4 years of relevant experience are required.

Qualifications

• Excellent academic credentials (undergraduate or graduate candidates welcome).
• 2–4 years of relevant experience in investment banking, management consulting, and/or private equity.
• Strong technical foundations in corporate finance and accounting.
• Strong quantitative abilities, including experience in financial modeling and valuation.
• Must have strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form.
• Demonstrate initiative and creativity in approach to problem solving; experience in conducting research and interacting with others to develop solutions.
• Ability to manage multiple workstreams with strong attention to detail.
• Collaborative, team-oriented approach and a desire to work on a wide range of projects.

Responsibilities

• Conducting due diligence on primary fund investments and co-investment opportunities including industry and company research.
• Performing in-depth valuation analysis of infrastructure companies, assets, portfolios, fund managers and sponsors.
• Assisting with the preparation of due diligence materials, screening and investment committee memos.
• Attending meetings with partners of premier private equity firms.
• Maintaining the deal pipeline and performing ongoing monitoring analysis.
• Supporting fundraising, investor diligence and existing-client requests.
• Participating in special projects such as product development and asset allocation analyses.

Skills

Investment banking

Management consulting

Private equity

Financial modeling

Valuation

Finance fundamentals

Critical thinking

Written communication

Education

Bachelor's or graduate degree

Job description

Founded in 1939, Neuberger is a private, independent, employee-owned investment manager. From offices in 26 countries worldwide, the firm manages $616 billion in client assets (as of September 30, 2026) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, and hedge funds—on behalf of institutions, advisors, and individual investors globally.

Neuberger Private Markets is a leading private equity and alternatives platform within Neuberger with over $170 billion of investor commitments (as of June 30, 2026). Neuberger Private Markets continues to grow rapidly and is actively investing. The Associate will work across the platform in the following complementary strategies:

• Private Investment Portfolio: Constructing diversified portfolios of private infrastructure and real asset funds across core, core-plus, value-added and opportunistic strategies.
• Direct Co-Investment: Building a diversified portfolio of direct private infrastructure investments by evaluating and executing direct infrastructure co-investments alongside leading infrastructure managers and financial sponsors.

The position provides an opportunity to work across a leading private markets platform in the areas listed above in a fast-paced entrepreneurial environment with constant interaction with the most senior members of the team. In addition to these existing funds, the group manages other private equity-related fund strategies and products.

Primary Responsibilities:

• Conducting due diligence on primary fund investments and co-investment opportunities including industry and company research
• Performing in-depth valuation analysis of infrastructure companies, assets, portfolios, fund managers and sponsors
• Assisting with the preparation of due diligence materials, screening and investment committee memos
• Attending meetings with partners of premier private equity firms
• Maintaining the deal pipeline and performing ongoing monitoring analysis
• Supporting fundraising, investor diligence and existing-client requests
• Participating in special projects such as product development and asset allocation analyses

Experience & Skills Qualifications:

• Excellent academic credentials (both undergraduate or graduate school candidates welcome)
• 2-4 years of relevant experience in investment banking, management consulting, and/or private equity
• Strong technical foundations in corporate finance and accounting
• Strong quantitative abilities, including experience in financial modeling and valuation
• Must have strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form
• Demonstrate initiative and creativity in approach to problem solving; demonstrated experience in conducting research and interacting with others to develop solutions
• Ability to manage multiple workstreams with strong attention to detail
• Collaborative, team-oriented approach and a desire to work on a wide range of projects

Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.

The salary range for this role is $150,000-$170,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact [e-mail].

Learn about the Applicant Privacy Notice.