About Jefferies Secondary Advisory
Jefferies Secondary Advisory is one of the market’s leading and fastest‑growing advisors to financial sponsors and institutional investors seeking strategic liquidity solutions in the private markets. Our team partners with venture capital and growth equity firms to design and execute GP‑led secondary transactions that optimize portfolio management, extend duration for high‑conviction assets, and support value creation across the growth and innovation ecosystem.
We also advise institutional limited partners—including sovereign wealth funds, pensions, endowments, foundations, family offices, and other major allocators—on the sale and active management of portfolios of limited partnership interests across venture capital, growth equity, and other alternative strategies.
Secondary Advisory – Global Snapshot (2026)
- ~100+ dedicated secondary advisory professionals across New York, San Francisco, Dallas, London, and Hong Kong
- $250B+ in advised transaction value, including dozens of high‑profile growth equity and venture GP‑led processes
- Integrated collaboration with Jefferies Private Fund Advisory and global sector banking teams for strategic coverage and investor reach
- One of the most active advisors globally in single‑asset and multi‑asset continuation vehicles for growth and venture clients
Role Overview
Jefferies is seeking a Senior Associate or Vice President to join its Secondary Advisory team in San Francisco, specifically supporting GP‑led secondary transactions for venture capital and growth equity sponsors. The venture/growth secondary market continues to expand rapidly as firms seek new liquidity pathways for high‑performing assets, structured capital solutions, and next‑generation continuation vehicles. The Senior Associate / VP will be a key execution leader across marquee transactions, working closely with innovative GPs, portfolio companies, and the global secondary investor universe. This is a unique opportunity to impact some of the most sophisticated and entrepreneurial clients in private markets, while collaborating across Jefferies’ technology, healthcare, fintech, and consumer sector franchises.
Key Responsibilities
Transaction Execution
- Lead execution of GP‑led secondary transactions across the growth equity and venture ecosystems, including continuation vehicles, strip sales, tender offers, structured secondaries, and NAV‑based solutions
- Develop, review, and refine financial models, asset‑level projections, valuation analyses, and sensitivity cases
- Oversee preparation of core client materials: process letters, management presentations, teaser decks, and investor documentation
- Manage diligence streams with portfolio companies, fund finance teams, legal counsel, and third‑party advisors
Client & Investor Engagement
- Serve as a day‑to‑day point of contact for venture capital and growth equity sponsors, as well as portfolio company executives
- Coordinate and lead investor outreach across global secondary buyers, growth crossover funds, and structured capital investors
- Run investor dialogues, diligence sessions, management meetings, and virtual/on‑site roadshows
- Gather investor feedback to drive transaction design, structuring options, and value maximization
Market Intelligence & Internal Collaboration
- Conduct research on secondary market trends specific to venture and growth , including capital formation, exit dynamics, and fund performance benchmarks
- Partner extensively with Jefferies sector bankers (Tech, Healthcare, Consumer, Financial Institutions, etc.) to bring integrated coverage to clients
- Maintain Jefferies’ proprietary databases on secondary investor strategies, preferences, pricing insights, and deal outcomes
Qualifications
- Bachelor’s degree with a strong academic track record
- 5+ years of relevant experience: investment banking, valuation advisory, VC/growth equity investing, secondaries, or strategic consulting
- Strong financial modeling and valuation capabilities, with experience evaluating high‑growth companies preferred
- Familiarity with venture and growth ecosystems, including fund structures, portfolio construction, and company‑level operating metrics
- High degree of maturity and ability to work directly with GPs, founders, CFOs, and secondary investors
- Ability to manage multiple workstreams and deliver best‑in‑class materials under tight timelines
- Strong ownership mindset, problem‑solving skills, and critical thinking
- Exceptional communication skills—written and verbal—with mastery of Microsoft Word, PowerPoint, and Excel
