2-Year Analyst, Primary Fund, AlpInvest

Basic information

Job Name:

2-Year Analyst, Primary Fund, AlpInvest

Location:

New York/OVA

Line of Business:

Carlyle AlpInvest

Job Function:

Investment Professionals

Date:

Monday, February 24, 2025

Position Summary

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with $382 billion in assets under management as of September 30, 2023. Our diverse team operates across 600 investment vehicles in 28 offices worldwide, spanning North America, South America, Europe, the Middle East, Asia, and Australia. Carlyle invests across three segments: Global Private Equity, Global Credit, Investment Solutions. Our expertise spans multiple industries, including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media, and transportation.

Our mission is to invest wisely and create lasting value for a broad range of investors. At Carlyle, we prioritize talent development, diversity, and inclusion. More than half of our AUM is managed by women, and we foster a collaborative culture through internal initiatives and seven Employee Resource Groups. We believe that diverse teams drive better investment decisions, and we are committed to cultivating a workplace where different perspectives thrive.

About AlpInvest Partners

AlpInvest Partners is one of the world's largest and most well-established private equity investors, having committed over $100 billion since inception, with $84 billion in AUM as of September 30, 2024. AlpInvest is a wholly owned subsidiary of The Carlyle Group and serves as the private equity multi-manager adviser within the Investment Solutions business segment. AlpInvest professionals have full access to Carlyle's resources and network, providing a key differentiator in the private equity market, analyst experience and post-analyst opportunities, including business school.

AlpInvest invests across three strategies:

• Primary Fund Commitments
• Secondary Investments
• Co-Investments

We provide customized private equity solutions through separately managed accounts and commingled funds, serving over 590 investors globally, including sovereign wealth funds, pension funds, insurance companies, and family offices.

AlpInvest has offices in New York, Amsterdam, London, and Hong Kong with 260+ employees, including 105+ investment professionals. Learn more at

Opportunity Overview: Primary Funds Analyst

We are seeking a highly motivated Associate to join AlpInvest's Primary Funds team in New York. This role offers a unique opportunity to gain experience investing across the spectrum of private equity strategies.

As an Analyst, you will be actively involved in:

• Sourcing and evaluating fund investments
• Conducting due diligence on fund managers
• Managing investment processes and deal execution
• Monitoring existing portfolio
• Supporting client reporting and fundraising efforts

Responsibilities

1. Deal Flow

• Research private equity firms using industry databases and proprietary sources
• Engage directly with general partners (GPs) and placement agents for firm updates
• Screen inbound fund opportunities and produce quick assessments for the team
• Advance potential investments to the quick scan phase for further evaluation

2. Due Diligence

• Meet with GPs to assess investment attractiveness
• Gather and analyze large-scale GP data, leveraging AlpInvest's proprietary toolkit
• Conduct on-site due diligence and reference calls with CEOs, competitors, former employees, and other limited partners
• Draft internal investment documents

3. Process Coordination & Deal Execution

• Organize the investment due diligence process (deal timeline, data room, diligence agenda)
• Participate in team and investment committee discussions on investment proposals
• Collaborate with the legal, operational diligence, and responsible investment teams
• Assist in deal closing by working with the portfolio risk & analysis, investment accounting, and legal teams

4. Data Management & Market Mapping

• Maintain and update deal flow data in the DealCloud CRM system
• Ensure all GP diligence materials and internal analyses are accurately recorded
• Track investment pipeline statistics and fund closing metrics

5. Portfolio Monitoring & Performance Tracking

• Monitor existing investments, tracking fund performance and GP organizational developments
• Participate in GP update meetings, annual meetings, and advisory board sessions
• Review and process LPA amendments, fund extension requests, and post-closing matters

6. Client Reporting & Fundraising Support

• Assist in preparing monthly and quarterly client meeting materials
• Develop case studies and pipeline updates for investor presentations
• Support ongoing fundraising efforts, including responding to RFPs and due diligence requests

Qualifications

Education & Certifications

• Bachelor's degree required

Knowledge & Experience

• 6 - 18 months of experience in investing, investment banking, research, consulting or similar fields
• Experience or strong interest in primary fund investing
• Excellent written and verbal communication skills, including ability to engage with GPs in both social and business settings
• Ability to thrive under pressure in a fast-paced investment environment
• Exceptional attention to detail and organizational skills
• Sense of ownership of work product, with the ability to handle multiple projects simultaneously, prioritize tasks effectively, and meet deadlines-often working alongside multiple team members
• Proven teamwork and collaboration abilities across all levels of seniority

Technical Requirements

• Advanced Excel & PowerPoint skills (financial modeling, data analysis, presentations)
• Deep understanding of the private equity asset class
• Corporate finance and valuation knowledge, with the ability to understand the key drivers of portfolio company operating performance and assess ultimate potential fund-level returns
• Strong writing skills-experience with investment proposals, research reports or market analyses
• Ability to synthesize qualitative and quantitative data to support investment decisions

Benefits/Compensation

The compensation range for this role is specific to New York, NY, and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.

The anticipated base salary range for this role is $110,000.

In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 31, 2024 . Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.