Associate, GP Stakes, Secondaries

Job Description

This Associate will join a dedicated team within Ares Secondaries focused on minority equity investments in alternative asset managers (GP Stakes), a strategy that aligns long-term capital with high-performing sponsors. The role offers exposure to differentiated transactions, strategic portfolio development, and the opportunity to work alongside seasoned investors in a fast‑growing vertical.

Ares Secondaries has pioneered and innovated within secondary markets across three decades and a range of alternative asset classes, including private equity, real estate, infrastructure, and credit. With over 150 professionals across six global offices, our team has executed thousands of transactions through deep relationships with institutional investors, fund sponsors, and market advisors.

• Evaluate new GP investment opportunities by conducting due diligence, industry research, and sponsor interviews.
• Build and maintain dynamic financial models to assess GP-level economics, cash flows, and valuation.
• Support deal execution including contract negotiations, structuring, and closing processes.
• Prepare investment committee materials and presentations for internal and external stakeholders.
• Track performance of existing portfolio companies and assist in strategic value‑add initiatives.
• Conduct ad hoc analyses including LP inquiries, market benchmarking, and industry trend analysis.
• Collaborate with capital formation, fund development, and portfolio management teams.

• 2–4 years of experience in GP Stakes, investment banking, private equity, or secondaries investing.
• Strong financial modeling and valuation skills, with experience analyzing complex cash flow structures.
• Proven ability to prepare professional‑grade presentations and investment materials.
• Demonstrated interest in private markets and asset management businesses.
• Bachelor’s degree in finance, economics, or a related field.
• Ability to work independently and as a collaborative member of lean deal teams.

The anticipated base salary range for this position is $ - $. Total compensation may also include a discretionary performance‑based bonus.

The firm also offers robust benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match;
Flexible Savings Accounts (FSA);
Healthcare Savings Accounts (HSA) with company contribution;
Basic and Voluntary Life Insurance;
Long‑Term Disability (LTD) and Short‑Term Disability (STD) insurance;
Employee Assistance Program (EAP); and Commuter Benefits plan for parking and transit.

Ares offers a number of additional benefits including access to a world‑class medical advisory team, a mental health app that includes coaching, therapy and psychiatry; a mindfulness and wellbeing app; financial wellness benefit that includes access to a financial advisor; new parent leave; reproductive and adoption assistance; emergency backup care; matching gift program; education sponsorship program; and much more.