In this role, you will support the Private Infrastructure Partnership investment team in sourcing, evaluating, executing, and monitoring non-control private infrastructure investments, with a primary focus on European infrastructure secondaries. The role is centered on continuation funds, GP-led transactions, structured secondary solutions, stapled transactions, LP portfolio acquisitions, and selected non-control direct equity investments. As an Associate, you will take an active role in the day-to-day assessment and execution of investment opportunities, driving key analytical and diligence workstreams and helping move transactions through the investment process from initial review to closing and ongoing portfolio monitoring.
Main responsibilities:
- Build, review, and refine financial models across a range of transaction types, including continuation vehicles, secondary fund interests, LP portfolios, and minority equity investments, and assess how changes in price, structure, leverage, asset perimeter, and exit assumptions affect expected returns and downside risk.
- Conduct detailed quantitative and qualitative due diligence by reviewing financial, legal, and commercial materials such as financial statements, quarterly and annual reports, fund governing documents, transaction documentation, data room materials, commercial due diligence reports, and third-party adviser outputs, with a focus on key underwriting questions including valuation support, manager and asset quality, cash flow resilience, operational performance, alignment of interests, structuring considerations, and execution risks.
- Prepare investment memoranda, transaction summaries, valuation analyses, and Investment Committee materials, and formulate clear recommendations on the investment thesis, diligence findings, transaction structure, principal risks and mitigants, expected returns, and key outstanding issues.
- Support live transaction execution by coordinating diligence workstreams, managing follow-up items and information requests, reviewing transaction documentation from a financial and commercial perspective, and assisting senior investment professionals in evaluating creative transaction structures and non-standard secondary solutions.
- Support portfolio monitoring and asset management after closing by updating valuation and return models, reviewing fund and portfolio company reporting, tracking performance against underwriting assumptions, identifying material developments, and preparing internal reporting and portfolio summaries.
- Maintain effective working relationships with fund managers, portfolio company management teams, financial advisors, and intermediaries, and contribute to broader team priorities including market mapping, manager screening, sector research, comparable transaction analysis, product reporting, investor-related analyses, and other ad hoc internal requests.