Private Equity Associate recruitment
On behalf of Allstate's $100B+ portfolio, this group invests into private equity funds and also makes direct co-investments alongside our sponsor partners. The investment mandate is global, emphasizing buyout, growth, mezzanine, distressed and secondary strategies. Our offices are located in suburban Chicago and London, currently with eight investment professionals on the team. The private equity portfolio is approximately $3 billion in size.
The Associate will assist in all phases of investing - origination, evaluation, execution, monitoring and managing - of our Americas portfolio. The Associate will also be exposed to the Private Equity Team’s investments in other global regions. This position will provide excellent experience for the candidate who desires to gain the practical experience in private equity investing needed prior to completing an MBA. The Associate will be responsible for:
- Perform quantitative and qualitative analysis used to support the underwriting of potential investment opportunities.
- Prepare internal memoranda and other materials used to support investment recommendations and to communicate with internal constituents.
- Assess the performance of existing investments, including financial analysis of the underlying portfolio companies of sponsors' funds.
- Evaluate market conditions in existing and potential new alternative investment categories. Provide information and analysis to develop and support asset allocation decisions related to these categories.
In alignment with corporate goals, specific responsibilities for the Private Equity Associate will include:
- Proven ability to manage multiple investment-related projects in a time critical, transaction-oriented environment. (Advanced)
- Knowledge of, and ongoing interest in, current trends, success factors, participants and terms in private equity and related alternative investment markets. (Basic/Intermediate)
- Demonstrated experience analyzing financial statements and developing financial models and/or completion of a strong credit training program. Strong knowledge of accounting and finance. (Advanced)
- Excellent verbal and written communication skills. (Advanced)
- Eagerness to work hard in a team-oriented, performance-based environment. (Advanced)
- A self starter that requires limited oversight in the completion of individual projects. (Advanced)
- Ability to travel
Experience Required
- At least two years of work experience in investment banking, leveraged lending or fund of funds. Prior experience will ideally include direct exposure to private equity and financial sponsors.
Computer Proficiency
- Requires very strong proficiency with Microsoft Office. Experience with Capital IQ or other MA market data tools preferred.
Education
- Undergraduate degree required. Business related studies preferred.
The candidate will be required to:
a) Provide the Investments Compliance team with a list of investment accounts over which you have significant influence;
b) Provide consent, through a signed statement, allowing Investments Compliance to receive duplicate confirmations of transactions in such accounts;
c) Pre-clear through the Pre-Trade Clearing Process any personal security trades as will be further described upon employment. The Pre-Trade Clearing Process involves a check against a restricted security/issuer list, maintained by Investments Compliance, based on Allstate Investments’ and Allstate’s activities and dealings in the financial markets,
d) Answer certain compliance questions regarding any affiliations with investment advisers, violations of state or federal securities laws, or actions taken against you by securities regulators and,
e) Annually (and as otherwise required) confirm compliance with the Allstate Code of Ethics and the Allstate Investments Code of Conduct.
f) Provide Investments Compliance with a complete report of their current securities holdings in which the employee has, or acquires, any direct or indirect beneficial ownership. An employee is presumed to be a beneficial owner of securities that are held by his or her immediate “family members” sharing the individual’s household. Household family members include married or common-law spouses, domestic partners, partners defined by civil union and resident dependent children.
All interested and qualified applicants can submit their qualifications