What it's about
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.
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What we expect
For this challenging position, we are looking for a person who works well in a very entrepreneurial organization, someone who is a self-starter and possesses strong numerical, networking and organization skills, and has the ability to lead, manage, and mentor more junior colleagues. The successful candidate should have the following profile:
- Relevant experience: 4–6 years of relevant work experience in a transaction-focused environment such as infrastructure investing, private equity, private market secondaries, principal investing, investment banking, M&A, or transaction advisory, with demonstrated involvement in live transactions rather than only research or administrative support. Candidates should have hands-on exposure to financial modeling, valuation analysis, due diligence, transaction execution, investment committee materials, and transaction presentations, and should show a clear interest in building a career in infrastructure investing, infrastructure secondaries, and European private markets.
- Technical skills: Advanced Excel and financial modeling capabilities, including the ability to build models from scratch and independently assess valuation and return outcomes across different transaction structures. Strong understanding of core investment and valuation concepts such as DCF, IRR, MOIC, cash flow forecasting, sensitivity analysis, leverage, capital structure, and risk assessment. Ability to analyze investment opportunities with incomplete or imperfect information and develop a structured recommendation, and to review and interpret financial statements, legal and fund documentation, commercial diligence reports, and asset-level operating data.
- Professional profile: Strong analytical, numerical, and written communication skills, with the ability to prepare clear, concise, and decision-useful investment materials. High attention to detail, strong organization, and the ability to manage multiple workstreams under tight deadlines. The role requires a self-starter with a high level of ownership and accountability, who is curious, independent, and comfortable operating in a lean, entrepreneurial investment environment, while interacting confidently with both internal and external stakeholders.
- Education and preferred background: Strong academic credentials in Finance, Accounting, Economics, Business Administration, Engineering, or another quantitative discipline. Prior exposure to infrastructure assets, infrastructure funds, secondaries transactions, continuation funds, LP portfolio transactions, co-investments, or non-control investing would be advantageous, as would familiarity with sectors such as energy, transport, utilities, and digital infrastructure.
What we offer
Partners Group is a global financial institution that retains the culture, pace and agility of a start-up. As a growing firm, we are committed to attracting, developing and retaining the very best talent, by offering a workplace where results are truly recognized and rewarded.
- Professional, international working environment
- Challenging, rewarding career within a growing company
- Collaborative environment, with on-the-job training and mentorship opportunities
- One-month sabbatical after every five years of service
- Education assistance program
- Fun office and team events, including volunteer opportunities to connect with and help our local communities
www.partnersgroup.com
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