Investment Banking Analyst Private Credit Secondaries

Jefferies Private Capital Advisory is the largest and fastest growing advisory partner to financial sponsors and institutional limited partners on transactions involving the private equity secondary market. Our professionals work closely with private equity and private credit sponsors seeking to utilize the secondary market to generate liquidity through single- / multi-asset continuation vehicle transactions among other GP-led secondary transaction types. Additionally, the PCA team advises institutional investors such as sovereign wealth funds, pensions, endowments, foundations, and other large institutional investors in the private markets on the sale of portfolios of limited partnership interests in alternative asset funds.

PCA Notable Facts

80+ dedicated secondary advisory professionals worldwide across offices in New York, Dallas, Hong Kong and London

Fully capitalized 23 GP-led transactions (e.g., continuation vehicles) totaling $13B+ of equity volume FY2024 (~20% global GP-led market share)

Jefferies PCA is currently the most active advisor on private credit GP-led transactions

Advised on $200B+ of transaction value, including dozens of GP-led and LP-led transactions, for 250+ repeat clients

Supported by ~30 professionals from Jefferies Private Fund Advisory providing placement agent services and strategic fundraising advice with a global distribution presence

Description

Jefferies PCA is seeking an Analyst to join its team in New York; the role would be dedicated to private credit GP-led transactions

Private credit GP-led secondary transaction mandates include multi-asset continuation vehicles, tender offers, structured preferred equity solutions, NAV loans, and various other financing solutions for sponsors and their funds. Private credit GP-led secondaries is anticipated to be the largest growth driver in the broader secondaries market

Candidate will join a highly collaborative and rapidly growing team; the Jefferies PCA team is building out a dedicated team focused on private credit secondaries opportunities – the team currently commands the #1 market share within private credit GP-led secondary transactions; this will be a unique opportunity to be at the forefront of a newly developing market with huge positive market tailwinds, with opportunities to gain meaningful exposure to leading private credit sponsors

The Analyst will play an integral role in transaction execution and new business development for ground-breaking secondaries advisory assignments

Responsibilities

Prepare and contribute to the delivery of client presentations and interact with senior bankers, clients and lawyers

Interface with sector / product banking professionals and contribute to the development of financial models and valuation analyses

Perform company- and fund-level due diligence, prepare information memoranda and other transaction-related documentation

Conduct secondary market research including identifying trends in the alternatives investment industry

Manage secondary investor outreach and due diligence (e.g., sponsor roadshows, management team meetings, plant and office visits)

Assist in preparing responses to due diligence requests from potential secondary investors

Track market data to assist with PCA's communications with clients

Maintain a database of secondary investor profiles, investment strategies, and transaction feedback

Qualifications / Credentials

Four-year Bachelor's degree, with a distinguished academic background

1-5 years of relevant professional experience (e.g., investment banking, valuation advisory, alternatives investment management, private equity consulting)

Private credit experience is seen as beneficial, but is not a requirement

Analytical and quantitative problem-solving skills including academic / professional experience in financial modeling and valuation

High levels of maturity and ability to interface effectively with professionals at private equity firms, portfolio companies, and secondary investors

Willingness to work on a wide range of secondary transaction types across different segments of the private markets and industry verticals

Strong multi-tasking and organizational skills with consistent attention to detail

Profound dedication to the role (i.e., willingness to take ownership of client deliverables)

Strong judgment, critical thinking skills with resourcefulness and the ability to improvise effectively

Exceptional communication skills (verbal, written and illustrative) across various mediums (predominantly Microsoft Word, PowerPoint, and Excel)

The salary range for this role is $110,000 - $150,000.

The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies offers, for eligible employees, an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (vacation), unplanned time off (sick leave), and paid holidays and paid parental leave.

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences, and supporting a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity workplace. We practice equal opportunity for all, regardless of race, religion, ancestry, color, gender, pregnancy, age, physical or mental disability or medical condition, national origin, marital status, sexual orientation, gender identity or expression, covered veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. In accordance with applicable law, we are dedicated to finding reasonable accommodations for candidates and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Please inform your recruiter should you require accommodations throughout your application process.

All employees must follow Jefferies' COVID-19 protocol policy, which is subject to change.