Asset & Wealth Management, Alternative Capital Markets, Secondary Advisory Group, Associate - New York

About Alternative Capital Markets (ACM)

Alternative Capital Markets is a global team with 60+ alternative investment professionals across eight offices, responsible for over $120B+ in AUS, serving institutions, foundations, family offices, high net worth and ultra-high net worth individuals. ACM is the architect of the Wealth Alternatives platform including private equity, growth / venture capital, private credit, private real estate, hedge funds, co-investments and impact private investing. These offerings include AM Private, XIG, and third-party external investment strategies, as well as differentiated private company access via both internal and external referrals. ACM's full-service capital markets business covers the entire lifecycle of an alternative investment, from investment sourcing to client solutions, as well as a discretionary offering enabling programmatic platform access, an in-house liquidity platform for clients (qualified matching service, or QMS), and dedicated platform management and strategy.

ACM's Liquidity Solutions business is rapidly growing given the increased commitments to private assets across private wealth investors and the natural need for liquidity over time. The Liquidity Solutions team focuses on a range of offerings, including a quarterly auction process, tail-end fund liquidity sales and strategic transactions for specific platform assets.

The Secondary Advisory Group is a leading private markets secondary solutions team that advises clients on liquidity, portfolio optimization, and secondary investment opportunities. The team executes transactions across private fund interests, direct company exposures, structured liquidity solutions, and Goldman Sachs-sponsored investment vehicles. Leveraging deep market expertise and a broad investor network, SAG helps clients actively manage private market portfolios while providing access to differentiated secondary market opportunities in one of the fastest-growing segments of alternative investing.

Role Overview

This Associate role offers the opportunity to play a key role in the continued growth and evolution of the Secondary Advisory Group. The individual will support the origination, underwriting, and execution of complex secondary transactions, delivering analytical insight, transaction support, and strategic advice to clients pursuing liquidity solutions.

As a core member of the deal team, the Associate will be responsible for financial modeling, portfolio valuation, preparation of client-facing materials, and coordination of transaction processes. The role includes managing due diligence workflows, evaluating bids, and supporting the execution of sophisticated secondary transactions across a range of asset classes and structures. Beyond transaction execution, the Associate will contribute to the ongoing development and scalability of the business, helping enhance processes, deepen client relationships, and support the expansion of the firm's secondary advisory platform.

RESPONSIBILITIES

Underwriting & Valuation

• Transaction Pricing & Analytics: Perform valuation, performance, and pricing analyses to support underwriting recommendations, assess transaction dynamics, and inform client decision-making.
• Market Intelligence: Conduct research on industry trends, fund managers, and secondary market activity to support transaction execution and strategic client advice.
• Financial Analysis & Valuation: Develop and maintain financial models to assess private equity, venture capital, private credit, real estate, and other private market portfolios and assets.

Transaction Execution & Client Deliverables

• Transaction Execution: Support the execution of complex secondary transactions, coordinating key workstreams across the transaction lifecycle from initial underwriting through closing.
• Marketing & Advisory Materials: Prepare high-quality client deliverables, including transaction marketing materials, analytical presentations, teasers, confidential information memorandums, and strategic advisory content.
• Due Diligence & Bid Evaluation: Manage due diligence processes, data room administration, and transaction workflows, while analyzing buyer indications and bids to develop actionable recommendations for clients.

Business Development & Client Engagement

• Market Coverage & Investor Engagement: Support buyer and seller outreach efforts by identifying prospective counterparties, developing market intelligence, and helping maintain relationships across the secondary ecosystem.
• Stakeholder Coordination: Coordinate with internal and external stakeholders, including legal, compliance, fund managers, and investors, to facilitate transaction execution, documentation, and successful closings.
• Client Advisory Support: Contribute to client communications, transaction updates, and strategic discussions, helping deliver thoughtful liquidity solutions and a high-quality client experience.

EXPERIENCE / SKILLS

• Bachelors Degree or higher.
• 3+ years of experience in investment banking, secondary advisory, private equity, valuations, or a highly analytical role within asset management.
• Strong financial modeling, valuation, and quantitative skills.
• High proficiency in Microsoft Excel and PowerPoint.
• Active Series 7 and Series 63 licenses preferred or the ability to obtain them shortly after joining
• Excellent written and verbal communication skills, with the ability to clearly articulate financial concepts.
• Strong project management skills and the ability to manage multiple transaction timelines simultaneously.
• High attention to detail, strong commercial awareness, and a proactive, self-starter attitude.

Salary Range
The expected base salary for this New York, NY, United States-based position is $85000-$160000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.