Program Associate – Private Investment Portfolios and Co-Investment (“PIPCO”) Infrastructure

Founded in 1939, Neuberger is a private, independent, employee-owned investment manager. From offices in 26 countries worldwide, the firm manages $616 billion in client assets (as of September 30, 2026) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, and hedge funds—on behalf of institutions, advisors, and individual investors globally. Neuberger Private Markets is a leading private equity and alternatives platform within Neuberger with over $170 billion of investor commitments (as of June 30, 2026).

Neuberger Private Markets continues to grow rapidly and is actively investing. The Associate will work across the platform in the following complementary strategies:
Private Investment Portfolio:
Constructing diversified portfolios of private infrastructure and real asset funds across core, core-plus, value-added and opportunistic strategies. Direct Co-Investment:
Building a diversified portfolio of direct private infrastructure investments by evaluating and executing direct infrastructure co-investments alongside leading infrastructure managers and financial sponsors. The position provides an opportunity to work across a leading private markets platform in the areas listed above in a fast-paced entrepreneurial environment with constant interaction with the most senior members of the team. In addition to these existing funds, the group manages other private equity-related fund strategies and products.

• Conducting due diligence on primary fund investments and co-investment opportunities including industry and company research
• Performing in-depth valuation analysis of infrastructure companies, assets, portfolios, fund managers and sponsors
• Assisting with the preparation of due diligence materials, screening and investment committee memos
• Attending meetings with partners of premier private equity firms
• Maintaining the deal pipeline and performing ongoing monitoring analysis
• Supporting fundraising, investor diligence and existing-client requests
• Participating in special projects such as product development and asset allocation analyses

• Excellent academic credentials (both undergraduate or graduate school candidates welcome)
• 2-4 years of relevant experience in investment banking, management consulting, and/or private equity
• Strong technical foundations in corporate finance and accounting
• Strong quantitative abilities, including experience in financial modeling and valuation
• Must have strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form
• Demonstrate initiative and creativity in approach to problem solving; demonstrated experience in conducting research and interacting with others to develop solutions
• Ability to manage multiple work streams with strong attention to detail
• Collaborative, team-oriented approach and a desire to work on a wide range of projects

Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.

The salary range for this role is $150,000-$170,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location.

An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location,…