Associate, Capital Solutions - Secondary Solutions Pod, New York

Hogan Lovells•New York, NY

1d•$175,000 - $200,000•Onsite

About The Position

Houlihan Lokey's Secondary Solutions Group provides strategic advice and execution services to private equity sponsors and institutional investors navigating the fast-growing market for private equity secondary transactions. The group specializes in both GP-led transactions – such as continuation vehicles, single- and multi-asset restructurings, and tender offers – as well as LP portfolio sales and fund interest transfers. Members of the Secondary Solutions Group work with a wide variety of private equity sponsors and institutional investors – across both industry and strategy – and work in tandem with Houlihan Lokey's industry coverage, M&A and financial restructuring teams. We are seeking an experienced Associate to join our New York office to focus on Secondary Solutions Advisory. Houlihan Lokey fosters a collegial yet entrepreneurial environment where teamwork is critical to success, and creativity and initiative are highly valued. The Associate will work closely with senior and mid-level investment banking professionals on live deals across a variety of transaction types, as well as pre-launch deal preparation and origination efforts.

Requirements

Minimum of 4+ years of experience in Investment Banking (M&A, Capital Markets, or GP-led Advisory) or Private Equity / Private Capital investment roles.
Strong financial modelling skills, including LBO, DCF, and continuation vehicle returns waterfall analysis, with advanced proficiency in Excel and PowerPoint.
Exceptional quantitative and analytical capabilities, with the ability to analyze business models and translate complex financial data into clear, compelling narratives.
Demonstrated ability to function as an integral member of deal teams, managing multiple workstreams effectively in a high-pressure environment.
Outstanding verbal and written communication skills, with the ability to engage and influence a range of internal and external stakeholders.
A proven track record of working collaboratively within a team-oriented environment, mentoring junior colleagues, and fostering effective relationships.
A proactive, self-starter mindset with the desire to succeed in a demanding but rewarding environment.
Strong academic credentials from an accredited institution required.

Responsibilities

Work closely with senior leadership to evaluate, structure, and execute GP-led and LP secondary transactions across a broad range of industries and strategies.
Drive capital-raising processes from origination through to closing, including coordination of investor outreach, engagement, and due diligence.
Build and maintain complex bottom-up three-statement and LBO models, fund-level waterfalls (GP/LP distributions), and DCF analyses, alongside performing detailed valuation work on portfolio companies and fund interests.
Manage key client and investor relationships. Engage directly with GP clients, assist in managing deal processes, and serve as a primary point of contact in investor discussions and buyer negotiations.
Develop and refine high-quality client materials, including Confidential Information Memoranda (CIMs), management presentations, and pitch books, ensuring a high standard of accuracy and clear strategic positioning.
Track and synthesize in-depth market research to provide actionable insights on trends in private equity and the secondaries market, including evolving deal structures and valuation dynamics.
Mentor and develop junior team members, fostering a high-performance, inclusive team environment.