Finance & Banking Associate, Financial Analyst

Investment Associate, Private Equity Secondaries

Aqualis Partners

Aqualis Partners is a private equity secondaries firm established in 2025, focused on acquiring small LP interests across the U.S. and Europe. The firm complements its core LP-led strategy with selective GP-led transactions, directs, seasoned primaries, preferred structures, and opportunistic investments across additional geographies. Aqualis combines decades of private markets experience with a modern, data-driven approach. This experience, paired with innovation, positions us to deliver creative liquidity solutions that meet the evolving needs of the private markets.

“Aqualis” is Latin for “liquidity” or “of or pertaining to water,” and just as water is liquid, adapts and flows, we provide investors with innovative and reliable liquidity solutions, helping them to unlock value, rebalance portfolios, manage cash flows, and enhance returns. Aqualis is pronounced “aqua” like the color and “lis” like bliss.

Aqualis Partners is seeking an Investment Associate to join its investment team in Darien, Connecticut. This is a full-time, on-site role with meaningful responsibility across the full investment lifecycle.

The Associate will work directly with senior investment professionals on sourcing, evaluating, executing, and monitoring private equity secondaries transactions. The role offers immediate exposure to live deals and the opportunity to take ownership of core analytical and diligence work in a growing platform.

• Evaluate LP-led and GP-led secondaries opportunities across private equity funds and portfolios
• Manage a team of Analysts
• Build and maintain detailed financial models, including cash-flow forecasting, scenario analysis, and valuation work
• Conduct investment due diligence, including fund analysis, GP assessments, market research, and external diligence coordination
• Prepare investment memoranda and supporting materials for internal review and investment committee discussions
• Participate in transaction execution, including data room review, coordination with counter parties, and support through closing
• Monitor existing investments and assist with portfolio analysis, reporting, and performance reviews
• Attend GP annual meetings and secondaries industry events
• Support fundraising, investor materials, and ad-hoc strategic initiatives as needed

• 3–5 years of experience in private equity secondaries; experience in other related areas such as direct private equity, co-investments, investment banking, or investment consulting will also be considered
• Strong financial modeling, valuation, and analytical skills
• Solid understanding of private equity fund structures and transaction dynamics
• Exceptional attention to detail with the ability to produce high-quality work under time pressure
• Strong written and verbal communication skills, including the ability to clearly articulate investment views
• High proficiency in Excel and PowerPoint; experience with data analytics tools is a plus
• Self-starter mentality, ability to work in an entrepreneurial environment, with sound judgment and a collaborative mindset
• Bachelor’s degree from a top institution with a strong academic record; advanced degree or CFA a plus
• Candidates must have full right to work in the United States, without current or future visa sponsorship

• Direct exposure to live secondaries transactions from day one
• Lean, highly collaborative team with significant responsibility and visibility
• Opportunity to grow with a newly established firm and help shape its investment platform
• Competitive compensation commensurate with experience

Send your resume to  and reference the Investment Associate position in the subject line.

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• Seniority level:
  Mid-Senior level
• Employment type:
  
  Full-time
• Industry: Investment Management