Asset Management - Private Credit Secondaries - Associate

JPMorgan Chase & Co. • New York, NY

15h • $150,000 - $224,000

About The Position

As an Associate on the Private Credit Solutions team, you will play a key role in originating, underwriting, and executing private credit secondary investments, with additional exposure to primary fund commitments and co-investments. You will contribute across the full investment lifecycle, from sourcing and diligence through investment committee (“IC”) approval, closing execution, and ongoing portfolio monitoring, while partnering directly with senior investment professionals and external counterparties globally. This role offers meaningful responsibility, frequent interaction with fund managers and intermediaries, and the opportunity to develop a differentiated view across private credit strategies, market cycles, and relative value.

Requirements

• Bachelor’s degree in Finance, Economics, Accounting, Business, or related field.
• 3+ years of relevant experience (e.g., private credit secondaries, direct lending, private credit investing, leveraged finance, financial sponsors, M&A, or related investing).
• Strong financial modeling, valuation, and underwriting skillset; ability to assess credit risk and analyze complex transactions with sound judgment.
• Experience producing investment committee materials and performing investment due diligence.
• Excellent written and verbal communication skills; ability to present structured, defensible conclusions.
• Strong attention to detail, organization, and prioritization in a fast-paced environment; collaborative, high-ownership mindset.

Nice To Haves

• Direct experience evaluating, underwriting, and/or executing private credit secondary transactions.
• Knowledge of private credit fund structures, portfolio valuation methodologies, and secondary transaction dynamics.
• A Master's degree or relevant professional certification (e.g., CFA) or progress towards CFA is a plus.

Responsibilities

• Source and evaluate opportunities across LP-led and GP-led private credit secondary transactions; maintain an active pipeline and proactively screen new ideas.
• Drive underwriting and diligence on funds, loan portfolios, managers, and underlying exposures; synthesize findings into clear investment views and actionable recommendations.
• Build and refine financial models to assess expected returns, downside protection, key sensitivities, and risk-adjusted attractiveness.
• Own IC and stakeholder materials including IC memoranda, underwriting decks, and recurring portfolio reviews with robust projections and well-supported assumptions.
• Coordinate end-to-end execution by managing diligence workstreams and interfacing sponsors, intermediaries, fund managers, legal advisors, and internal partners through closing.
• Monitor portfolio performance versus underwriting case; identify drivers of variance, emerging risks, and opportunities to optimize outcomes.
• Develop market perspective by tracking trends, macro conditions, and strategy performance across US and global private credit markets; translate research into insights for the team.
• Collaborate globally with colleagues across New York, London, and India to support team-wide initiatives and knowledge sharing.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level