Private Equity Secondaries Associate

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Summary

50 South Capital Advisors (www.50southcapital.com) is a boutique alternatives provider that enjoys the benefits of being part of a leading global financial services firm, Northern Trust. The private equity group makes primary, secondary, and direct co-investments in and alongside buyout, venture capital, and private credit funds on a global basis. The team has extensive experience investing in the industry and has been led by its founding partners since 2000.

The Secondaries Associate role offers the opportunity to work on the private equity investment team with a specific focus on evaluating, underwriting and executing secondary investments – including LP and GP-Led transactions, preferred equity, private credit, and other unique investments.

The key responsibilities of the role include:

• Financial analysis and modeling in support of the firm's due diligence on transactions.

• Attending investment diligence sessions and performing portfolio monitoring activities.

• Industry and market research related to potential transactions.

• Assisting with the preparation of due diligence materials and Investment Committee memorandums.

• Supporting the closing process for new investments.

• Assisting with business development and investor relations projects, such as maintaining marketing and quarterly performance presentations, creating industry white papers, and interfacing with the back office team.

Necessary Qualifications

50 South Capital seeks to hire exceptional individuals that demonstrate a strong work ethic, a competitive spirit, have open and curious minds, are highly communicative, and take initiative. Successful team members are accountable to our investors, to Northern Trust, and to each other. We operate as a diverse, equitable, and inclusive team, while fostering a positive and collaborative work environment.

The ideal Secondaries Associate candidate will have 1-3 years of prior relevant experience, such as investment banking, leveraged finance, transaction services advisory, management consulting, corporate finance, direct investing or secondary private equity experience.

The successful candidate will benefit from:

• Must be comfortable representing the firm to outside constituencies in a professional way.

• Position may require some travel for due diligence and portfolio monitoring activities.

• High attention to detail and a strong work ethic.

• Excellent interpersonal skills, ability to work within a collegial, team environment.

• Strong communication skills, both written and orally.

• Highly-developed analytical ability and experience with financial statement analysis and valuation of privately held companies.

• Strong business and interpersonal judgment skills with ability to assess both the qualitative and quantitative aspects of an investment.

• Highly proficient in Word, Excel and PowerPoint.

• Bachelor's degree, with a major in business, finance, accounting or economics preferred.

Salary Range:

$80,800 - 133,400 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company commit