Position Summary
AlpInvest Partners, a division of The Carlyle Group, is seeking a highly motivated Associate to join its Co-Investments team in New York. As a key member of the team, you will engage directly in evaluating and executing private equity co-investments across a wide range of industries, geographies, and strategies. The role offers exposure to high-quality transactions alongside leading private equity sponsors, while building critical investment skills and deepening your understanding of the global private markets landscape.This opportunity is ideal for candidates who thrive in a rigorous, collaborative environment and are intellectually curious about company-level investing. The Associate will work closely with senior investment professionals across the full investment lifecycle from sourcing and diligence through execution and portfolio monitoring. You will join a culture that values humility, precision, and inclusivity, and you will be supported by a global platform known for delivering customized investment solutions to a sophisticated institutional client base.
This role will leverage AI technologies to streamline operations, enhance decision-making, and drive execution of key responsibilities with greater efficiency and impact. While AI is a powerful enabler, it does not replace strategic thinking; human insight and judgment will remain essential.
Responsibilities
- Evaluate co-investment opportunities across sectors and geographies by reviewing investment memoranda, financial statements, and sponsor materials.
- Build detailed financial models to assess target company performance, including operating metrics, debt structures, and exit scenarios.
- Prepare internal investment memoranda and presentations for Investment Committee consideration.
- Participate in management presentations, site visits, and diligence calls with portfolio company leadership and private equity sponsors.
- Perform in-depth valuation analysis using DCF, precedent transaction, and trading comps methodologies.
- Analyze sponsor track records and investment strategies through structured diligence and historical performance reviews.
- Collaborate with legal, compliance, operations, and portfolio monitoring teams throughout deal execution and post-investment stages.
- Conduct thematic and sector-specific research to identify market trends and investment opportunities.
- Maintain accurate records of investment pipeline activity and transaction documentation in the firm’s CRM and data management platforms.
- Support investor reporting, client deliverables, and fundraising activities, including portfolio analysis, case studies, and responses to due diligence requests.
Many of the responsibilities may be supported through the use of AI technologies, allowing greater focus on the following strategic areas:
- Engaging in advanced investment thesis development and proprietary insights
- Deepening sponsor relationships and expanding sourcing partnerships
- Shaping sector outlooks and firm-level co-investment strategy
- Contributing to ESG and impact-related investment assessments
- Participating in cross-functional innovation and knowledge-sharing initiatives
Qualifications
Education & Certificates
- Bachelor’s degree required from a top-tier academic institution
- Coursework in finance, economics, accounting, or business preferred
Professional Experience
- 2–4 years of relevant experience in private equity, investment banking, management consulting, or another analytical finance role
- Strong interest in co-investments and direct company-level investing
- Demonstrated proficiency in financial modeling, valuation, and due diligence
- Ability to work under pressure, manage multiple workstreams, and collaborate across functions
- Strong written and verbal communication skills, including comfort presenting ideas and interacting with external partners
- Experience working with cross-border teams or global transactions a plus
- Aptitude for applying AI technologies to enhance diligence workflows, including document review, data extraction, and scenario modeling
- Familiarity with legal-tech tools or workflow automation platforms used to streamline transaction processes or manage investment documentation
