2-Year Analyst, Primary Fund, AlpInvest

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with $382 billion in assets under management as of September 30, 2023. Our diverse team operates across 600 investment vehicles in 28 offices worldwide, spanning North America, South America, Europe, the Middle East, Asia, and Australia. Carlyle invests across three segments: Global Private Equity, Global Credit, Investment Solutions. Our expertise spans multiple industries, including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media, and transportation.

Our mission is to invest wisely and create lasting value for a broad range of investors. At Carlyle, we prioritize talent development, diversity, and inclusion. More than half of our AUM is managed by women, and we foster a collaborative culture through internal initiatives and seven Employee Resource Groups. We believe that diverse teams drive better investment decisions, and we are committed to cultivating a workplace where different perspectives thrive.

About AlpInvest Partners

AlpInvest Partners is one of the world's largest and most well-established private equity investors, having committed over $100 billion since inception, with $84 billion in AUM as of September 30, 2024. AlpInvest is a wholly owned subsidiary of The Carlyle Group and serves as the private equity multi-manager adviser within the Investment Solutions business segment. AlpInvest professionals have full access to Carlyle's resources and network, providing a key differentiator in the private equity market, associate experience and post-associate opportunities, including business school.

AlpInvest invests across three strategies:

• Primary Fund Commitments
• Secondary Investments
• Co-Investments

We provide customized private equity solutions through separately managed accounts and commingled funds, serving over 590 investors globally, including sovereign wealth funds, pension funds, insurance companies, and family offices.

AlpInvest has offices in New York, Amsterdam, London, and Hong Kong with 260 employees, including 105 investment professionals. Learn more at www.AlpInvest.com.

Opportunity Overview: Primary Funds Analyst

We are seeking a highly motivated Analyst to join AlpInvest's Primary Funds team in New York. This role offers a unique opportunity to gain experience investing across the spectrum of private equity strategies.

As an Analyst, you will be actively involved in:

• Sourcing and evaluating fund investments
• Conducting due diligence on fund managers
• Managing investment processes and deal execution
• Monitoring existing portfolio
• Supporting client reporting and fundraising efforts

Key Responsibilities

1. Deal Flow

• Research private equity firms using industry databases and proprietary sources
• Engage directly with general partners (GPs) and placement agents for firm updates
• Screen inbound fund opportunities and produce quick assessments for the team
• Advance potential investments to the quick scan phase for further evaluation

1. Due Diligence

• Meet with GPs to assess investment attractiveness
• Gather and analyze large-scale GP data, leveraging AlpInvest's proprietary toolkit
• Conduct on-site due diligence and reference calls with CEOs, competitors, former employees, and other limited partners
• Draft internal investment documents

1. Process Coordination & Deal Execution

• Organize the investment due diligence process (deal timeline, data room, diligence agenda)
• Participate in team and investment committee discussions on investment proposals
• Collaborate with the legal, operational diligence, and responsible investment teams
• Assist in deal closing by working with the portfolio risk & analysis, investment accounting, and legal teams

1. Data Management & Market Mapping

• Maintain and update deal flow data in the DealCloud CRM system
• Ensure all GP diligence materials and internal analyses are accurately recorded
• Track investment pipeline statistics and fund closing metrics

1. Portfolio Monitoring & Performance Tracking

• Monitor existing investments, tracking fund performance and GP organizational developments
• Participate in GP update meetings, annual meetings, and advisory board sessions
• Review and process LPA amendments, fund extension requests, and post-closing matters

1. Client Reporting & Fundraising Support

• Assist in preparing monthly and quarterly client meeting materials
• Develop case studies and pipeline updates for investor presentations
• Support ongoing fundraising efforts, including responding to RFPs and due diligence requests

Ideal Candidate Profile

Education & Certifications

• Bachelor's degree required

Knowledge & Experience

• 2 - 4 years of experience in investing, investment banking, research, consulting or similar fields
• Experience or strong interest in primary fund investing
• Excellent written and verbal communication skills, including ability to engage with GPs in both social and business settings
• Ability to thrive under pressure in a fast-paced investment environment
• Exceptional attention to detail and organizational skills
• Sense of ownership of work product, with the ability to handle multiple projects simultaneously,

prioritize tasks effectively, and meet deadlines-often working alongside multiple team members

• Proven teamwork and collaboration abilities across all levels of seniority

Technical Requirements

• Advanced Excel & PowerPoint skills (financial modeling, data analysis, presentations)
• Deep understanding of the private equity asset class
• Corporate finance and valuation knowledge, with the ability to understand the key drivers of portfolio company operating performance and assess ultimate potential fund-level returns
• Strong writing skills-experience with investment proposals, research reports or market analyses
• Ability to synthesize qualitative and quantitative data to support investment decisions