Associate, AlpInvest Secondaries & Portfolio Finance

The Associate will join the Secondaries & Portfolio Finance Investments team within Alp Invest Partners, a leading private equity investor wholly owned by The Carlyle Group. This role offers the opportunity to contribute meaningfully to a high-performing team that specializes in innovative secondary transactions and capital solutions across the private equity landscape.

You will operate in a collaborative, flat team environment alongside experienced professionals, engaging directly with complex investment opportunities. The Associate role is well-suited for individuals with strong analytical abilities, a proactive mindset, and an interest in shaping outcomes across a range of private equity transactions. With global exposure and full access to Carlyle's resources, this role offers professional development and growth within a platform designed to support long‑term career ambitions.

The 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.

Alp Invest Partners is one of the largest and well‑established private equity investors globally, with over and over $102 billion in AUM as of September 30, 2025. Alp Invest is wholly owned by The Carlyle Group and Alp Invest professionals have full access to Carlyle's resources and network providing a key differentiator in the private equity market, associate experience and post‑associate opportunities, including business school.

Alp Invest's activities cover a broad range of private equity and credit, including Primary Fund commitments, Secondary Investments and Co‑Investments. Alp Invest offers customised private capital solutions to clients through separately managed accounts and commingled funds and has a large and diverse base of investors globally, including sovereign wealth funds, public and private pension funds, insurance companies, family offices and other financial institutions.

Alp Invest has offices in New York, Amsterdam, London, and Hong Kong with a team of more than 110 investment professionals across the globe.

The Secondary & Portfolio Finance Investments team focuses on acquiring pools of existing private equity assets and providing capital solutions across the private equity and credit ecosystem. Alp Invest is a market leader in complex opportunities requiring innovative solutions (secondary spin‑outs, fund restructurings, secondary directs, etc.) and credit solutions (NAV loans, GP financing solutions, LP interest financings, and credit secondaries). The team has committed over $41Bn across 258 transactions since inception.

Associates are key members of the investment team working in a flat team environment directly with senior investment professionals. Associates work across both the Secondaries Program and the Portfolio Finance Program (ASPF) with a primary focus on ASPF transactions, and are responsible for due diligence, analysis and developing an initial and independent view of each investment.

• Conduct detailed company‑level financial analysis across a broad range of industries.
• Build and maintain fund‑level and credit‑like cash flow models.
• Prepare comprehensive due diligence materials and investment committee proposals.
• Lead due diligence meetings and manage follow‑up communication with internal and external stakeholders.
• Research and evaluate complex private equity investment structures such as fund restructurings, secondary directs, and spin‑outs.
• Analyze and recommend solutions for NAV loans, GP financing structures, and LP interest financings.
• Monitor existing investments through regular engagement with General Partners, including participation in advisory board meetings.
• Develop investment theses and express an independent point of view on proposed transactions.
• Support innovation across transaction structuring and risk mitigation strategies in collaboration with senior deal team members.

Some of the responsibilities may be…