AWM, External Investing Group, Early-Stage Capital, Investment Associate

Role Overview

Goldman Sachs Asset & Wealth Management (AWM) is hiring an Investment Associate for its External Investing Group (XIG), joining the growing Early-Stage Capital team in San Francisco. XIG identifies, researches, and selects leading third-party investment managers, providing institutional and individual investors with advisory and investment solutions across private equity funds, co-investment strategies, secondaries, hedge fund managers, GP stakes, and real estate managers.

XIG has over 350 professionals across 11 offices globally.

• Drive due diligence for direct investments and fund commitments
• Build financial analyses, waterfall models, and internal investment memos
• Research market trends and develop industry perspectives through sector reports
• Proactively source new early-stage investment opportunities
• Analyze, monitor, and manage current portfolio holdings
• Attend industry conferences and build relationships with GPs and portfolio companies
• Support operational activities across the deal team

• BA/BS from a leading undergraduate institution
• 2-3+ years of experience in investment banking, management consulting, venture capital, or private equity
• Strong research and analytical skills, including Excel and PowerPoint proficiency
• Genuine curiosity about technology trends, products, and business models

Location:

San Francisco, CA
· Full-time

This role sits within one of the world's largest asset managers — AWM oversees more than $2 trillion in assets under supervision, including a Private Markets and Alternatives platform.