Secondary Capital Advisory - Experienced Analyst or Associate

Piper Sandler & Co.; New York (NY); On-site; USD 125,000 - 200,000; Full time

Job summary

Piper Sandler & Co. is seeking an experienced Analyst or Associate to join the Secondary Capital Advisory team in New York City.

The team advises private equity sponsors and LPs on secondary transactions, with a focus on continuation vehicles and liquidity of private assets. The role requires 2–5 years in investment banking or private equity secondaries, a Bachelor’s degree, and strong analytical, communication, and project-management skills.

Qualifications

• Bachelor's degree with exemplary academic record.
• Strong analytical and quantitative skills.
• Excellent written and verbal communication skills.
• Proven ability to work on complex projects under tight deadlines.
• Exceptional work ethic and enthusiasm.
• FINRA SIE, 63 and 79 licenses or willingness to obtain.

Responsibilities

• Prepare materials for confidential information memorandums, pitches, client presentations and due diligence documents.
• Build financial projection models for underlying companies and fund level returns.
• Conduct new investor outreach and participate in investor calls/meetings.
• Facilitate due diligence and legal negotiations.
• Interface with private equity clients, management teams and investors.
• Assist in screening and due diligence on prospective new mandates.
• Communicate with Private Capital Advisory professionals and Piper Sandler's M&A teams.

Skills

Analytical skills

Quantitative skills

Written and verbal communication

Ability to work on complex projects

Strong work ethic

Education

Bachelor's degree

Tools

FINRA SIE/63/79 licenses

Job description

Job Description: At Piper Sandler, we connect capital with opportunity to build a better future. We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.

We are currently looking for an experienced Analyst or Associate to join the Secondary Capital Advisory team in New York City. The Secondary Capital Advisory group is an integral team within Aviditi Advisors. In August 2024, it was announced that Piper Sandler completed its acquisition of Aviditi Advisors (press release) representing the next chapter of the firm’s continued growth as Piper Sandler’s Private Capital Advisory group. The Private Capital Advisory group provides comprehensive, tailored solutions throughout an alternative investment manager’s lifecycle. A candidate would have the ability to join an entrepreneurial and growing team looking to build out a highly differentiated, private equity focused advisory platform. Private Capital Advisory operates across three core business lines: primary fundraising, secondary advisory and portfolio company financing solutions.

The Private Capital Advisory group has advised on over $700 million in transaction volume. More detailed information on Aviditi, now the Private Capital Advisory group within Piper Sandler, can be found here. The Secondary Capital Advisory group offers best-in-class solutions to private equity sponsors and their limited partners.

Specifically, the team partners with private equity sponsors to advise on and raise third-party capital for GP-led secondary transactions, such as continuation vehicles. Additionally, the team works closely with institutional investors seeking liquidity from their private assets, including LP portfolio sales. The team leverages decades of expertise in secondaries to originate, structure, and execute these transactions.

The Secondary Capital Advisory group is currently seeking an experienced Analyst or Associate to support its ongoing growth.

Key deal execution tasks include:

• Preparing materials, including confidential information memorandums, new business pitches, client presentations, and supporting due diligence documents
• Building financial projection models for underlying companies and fund level returns
• Conducting new investor outreach, including participating in investor calls and meetings
• Facilitating due diligence and legal negotiation processes
• Interfacing directly with private equity clients, management teams, and investors
• Assisting in screening and due diligence on prospective new mandates
• Communicating regularly with Private Capital Advisory professionals and across Piper Sandler’s M&A teams

Qualifications include:

• 2 - 5 years of secondary-specific experience in investment banking, private equity secondaries, or other relevant fields
• Bachelor's degree with an exemplary academic record
• Strong analytical and quantitative skills
• Excellent written and verbal communication skills, with the ability to develop internal and external relationships
• Proven ability to work on complex projects, perform well under pressure, and manage tight deadlines
• Exceptional work ethic and high level of enthusiasm
• FINRA SIE, 63 and 79 licenses or willingness to obtain

As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. Our investment banking clients have access to unparalleled guidance through our deep product and sector expertise and ready access to global capital. We take pride in providing our clients with thoughtful advice and diligent execution, no matter the economic environment. Our investment banking group partners with corporate clients and financial sponsors to provide advisory and financing services related to mergers and acquisitions, equity and debt capital markets, private placements, restructuring and corporate & venture services. We offer in-depth knowledge and industry relationships in our core sectors of chemicals, consumer, diversified industrials & services, energy & power, financial services, healthcare and technology.

Piper Sandler values a strong culture dedicated to the emotional and physical well‑being of our employees.

Learn more about our employee's health and well‑being. Learn more about our benefits program and how we are here for our employees and their families today, tomorrow and beyond.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.

The anticipated starting salary range for individuals expressing interest in this position is $125,000 - $200,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.

#LI-BSL1 Explore the career possibilities at Piper Sandler. At Piper Sandler, we connect capital with opportunity to build a better future. As a leading investment bank, we enable growth, navigate complexities and support the success of our clients by delivering candid advice, deep sector expertise and a comprehensive set of products and capabilities. We transcend transactions to define possibilities - enabling clients to achieve their short-term goals while realizing their long-term vision.

Founded in 1895, the firm is headquartered in Minneapolis with offices across the U.S. and in London, Aberdeen, Zurich, Munich, Abu Dhabi and Paris.