Senior Associate, Capital Markets

Firm Overview

Gemspring Capital is a private equity firm based in Westport, Connecticut with approximately $5.0 billion of capital under management. We provide flexible capital and strategic support to middle market companies, partnering with exceptional management teams to accelerate growth and unlock long-term value. Since our founding in 2016, we’ve completed over 128 acquisitions across sectors including business services, software, tech-enabled services, healthcare, financial and insurance services, consumer services, and industrials. Our control funds have more than doubled in size with each vintage. In 2022, we expanded our platform with Gemspring Growth Solutions, focused on non-control equity investments. Most recently, we closed our second non-control fund at $1.1 billion. With a team of over 75 professionals, we bring an entrepreneurial mindset, and a culture grounded in collaboration, analytical rigor, intellectual honesty, integrity, and lasting impact. We are passionate about investing, solving problems, and serving our management teams, partner companies, investors, and communities.

Position Description:

Gemspring is looking for a highly motivated Senior Associate to join the Capital Markets group to support the Head of Capital Markets in structuring, executing, and managing debt financing activities across the firm’s portfolio and new investments. This is an opportunity to join an entrepreneurial team of professionals with an impressive blend of financial and operational experience. This individual will support deal teams, portfolio companies, and senior leadership in evaluating financing alternatives, optimizing capital structures, managing lender relationships, and ensuring smooth execution of all capital markets processes. The role requires strong technical skills, sound judgement, and the ability to operate both independently and within a fast-paced, entrepreneurial, deal-driven environment.

Key Responsibilities:

• Support the execution of debt financing transactions, including LBO financings, refinancings, add-ons, dividend recapitalizations, and amendments.
• Prepare and review financing materials, including lender presentations, capital structure analyses, and process timelines.
• Coordinate with investment teams, legal counsel, lenders, and advisors to drive financing processes from start to finish.
• Evaluate optimal capital structures for new and existing portfolio companies.
• Monitor credit markets, lender appetite, pricing dynamics, and deal terms to inform financing strategies.
• Maintain strong relationships with banks, direct lenders, rating agencies (as applicable), and other capital providers.
• Support the development of lender relationship strategies and maintain internal databases on lender preferences, terms, and transaction histories.
• Work closely with investment teams throughout diligence to evaluate financing feasibility and implications.
• Provide credit market insights that shape valuation, structuring, and deal thesis development.
• Assist in reviewing and negotiating financing documentation (term sheets, grids, credit agreements, and intercreditor agreements).
• Support ad hoc projects, including refinancing analyses, dividend recapitalizations, and capital markets strategy planning.

Key Qualifications

• 3–6 years of relevant experience in leveraged finance, capital markets, private credit, investment banking, or private equity.
• Direct experience with leveraged buyouts, credit underwriting, and debt financing transactions strongly preferred.
• Deep understanding of financing instruments (TLB, unitranche, mezzanine, ABL, preferred equity, etc.).
• Ability to interpret and analyze credit agreements, term sheets, and legal documents.
• Excellent communication skills, including the ability to present financing strategies and market views clearly and confidently.
• Highly organized with the ability to manage multiple processes simultaneously.
• Strong attention to detail and a high degree of ownership.
• Collaborative mindset with the ability to work across teams and with senior stakeholders.
• Strong investor judgment, practical problem-solving orientation and ability to thrive in a fast-paced, transaction-driven environment.
• Entrepreneurial, self-starter, and highly driven professional

Compensation & Benefits:

Gemspring offers a highly competitive salary that reflects the qualifications required for the role, along with an excellent benefits package.

Office Model:

Gemspring’s work model emphasizes in-office collaboration and apprenticeship-style learning, fostering deep connections among our team members. We believe this approach accelerates learning and integration into the firm. We believe that the meaningful interactions that occur in person cannot be replicated in a remote setting, making this model essential for personal and professional growth.