Associate, Secondaries

Pantheon Ventures Careers•New York, NY

1d•Onsite

About The Position

Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide. We are seeking a private equity investment professional to join the US Secondaries Investment Team, based in New York. The individual will execute private equity secondary transactions alongside senior members of the team. We are looking for someone from either a reputable secondaries firm or private capital advisory practice with direct experience executing LP-led transactions and strong financial modelling capabilities. The role will be predominantly LP-led driven, with a primary focus on underwriting and executing traditional LP stake transactions across the US private equity market. While the role will focus mainly on LP-led opportunities, investment activity may also include GP-led transactions, such as single company secondary transactions across the US PE buyout universe that require a similar level of due diligence as direct buyout or co-investment opportunities. The individual will be able to leverage Pantheon’s longstanding relationships across the Primary and Co-investment platforms. We are committed to hiring the best candidate to join our team, with a preference for an experienced Associate-level candidate with prior investing experience and a flexible start date. A merit-based career track opportunity is available to candidates who demonstrate exceptional ownership, high competency, and strong problem-solving and communication skills.

Requirements

Prior financial analysis and valuation modelling experience required, preferably within a reputable secondaries firm or private capital advisory practice
Direct experience underwriting LP portfolio transactions strongly preferred
Ability to assess and synthesise the merits and risks of an investment in an insightful manner and develop and execute appropriate diligence plans to address key considerations
Ability to work in a collaborative, global team, including virtually across offices (e.g., SF, NY, London) and across the Pantheon platform (Primaries, Co-investment, Private Credit, Infrastructure)
Ability to work to tight, transaction-driven deadlines with minimal supervision and manage workloads efficiently
Outstanding verbal and quantitative problem-solving and communication skills, demonstrated through mastery of Excel and PowerPoint (financial modelling and investment memoranda) and engagement with key stakeholders (GPs, intermediaries, portfolio company executives, clients, and senior internal stakeholders)
Strong ownership mentality and entrepreneurial mindset, with the ability to take initiative, improve processes, and drive workstreams independently in a fast-paced, deal-driven environment
High level of professionalism, confidentiality, and discretion

Nice To Haves

Familiarity with applying AI and data-science tools to enhance LP-led transaction evaluation and diligence efficiency is a plus

Responsibilities

Executing the diligence and financial modelling of private equity secondary investment opportunities, including managing the flow of diligence materials received, leading diligence meetings, supporting transaction due diligence, preparing investment memoranda, and presenting opportunities to the Secondary Investment Committee
Coordinating closely with senior team members on deal negotiations and transaction completion
Monitoring the evolution and performance of completed transactions, as well as selected brand-name buyout funds across the US private equity market
Supporting other secondaries business development and origination initiatives and interfacing with clients
Ensuring compliance with relevant laws, regulations, and Pantheon policy