Associate, Private Equity (Pre-MBA Fixed-Term)

AustralianSuper is the largest superannuation fund in Australia – in the top 20 largest funds globally and top 50 asset owners globally. 

With more than US $280 billion in current assets under management, and a world-class investment team, AustralianSuper has the appetite and capability to directly invest in large-scale opportunities. 

Our New York office is made up of more than 75 colleagues and is expected to grow significantly over the next few years, so when you join, you become a key part of building our culture. 

Your new role 

As an Associate, Private Equity (Pre-MBA Fixed-Term), you will be part of the team responsible for managing AustralianSuper’s global Private Equity portfolio. This is a 2-year, pre-MBA program and a developmental role designed for early-career professionals to gain hands-on investing and portfolio management experience. In this capacity, you will be fully integrated into the Private Equity team - contributing to the evaluation of private equity fund commitments and co-investments (direct investments alongside our General Partner (GP) fund managers), assisting with deal execution, and supporting ongoing portfolio monitoring.  

Key responsibilities  

Co-Investment and Co-Underwrite Responsibilities 

• Investment Analysis: Perform due diligence on co-investment and co-underwrite opportunities by: 
  • Reviewing due diligence materials (commercial, financial, technology, etc.), conducting financial modeling and sensitivity analyses, and assessing key value drivers and risks for the investment. 
  • Contributing to the preparation of well-researched investment recommendation reports for the fund’s investment decision making forums. 
• Portfolio Monitoring: Support the day-to-day monitoring process for the co-investment and co-underwrite portfolio. This includes: 
  • Facilitating quarterly update calls with GPs to discuss portfolio company performance and outlook. 
  • Analyzing the operating and financial performance of underlying co-investment and co-underwrite portfolio companies on a quarterly basis, and assessing the ongoing investment thesis and any emerging risks or opportunities. 
  • Preparing and presenting regular portfolio monitoring reports for internal stakeholders, summarizing performance, valuation changes, and key developments. 

Fund Investment Responsibilities 

• Fund Selection & Diligence: Assess specific Private Equity funds by applying a disciplined and consistent investment process, perform fund-level and GP-level due diligence, coordinate the various internal activities (e.g. legal, tax and operational risk), act as a conduit between the internal teams and the GP, and contribute to a recommendation report. 
• Relationship Development: Help to develop and cultivate relationships with new and existing GPs. Represent AustralianSuper professionally in interactions with fund managers. 
• Relationship Management: Support day-to-day relationship management with our GPs (both incumbent and prospective).  
• Team Participation: Actively participate in internal team meetings and investment discussions, contributing your analysis and viewpoints on fund opportunities and due diligence findings.  
• Fund Portfolio Monitoring: Support the ongoing monitoring of the fund portfolio.  
  • Reviewing and assessing fund performance on a quarterly basis, including analysis of underlying portfolio companies' operating metrics and any changes at the GP or fund level that could impact performance. 
  • Preparing and presenting quarterly fund monitoring reports with key performance updates, insights, and recommendations for internal review. 
  • Reviewing fund-related corporate actions or amendments (such as changes to fund terms or key documents), coordinating with internal legal/compliance teams to evaluate implications, and formulating recommendations or responses as needed. 

What you’ll need 

• Education: Bachelor’s degree in Finance, Business, Economics, or a related field (tertiary qu