Jefferies Private Capital Advisory is the largest and fastest growing advisory partner to financial sponsors and institutional limited partners on transactions involving the private equity secondary market. Our professionals work closely with private equity sponsors seeking to utilize the secondary market to generate liquidity through single- / multi-asset continuation vehicle transactions among other GP-led secondary transaction types. Additionally, the PCA team advises institutional investors such as sovereign wealth funds, pensions, endowments, foundations, and other large institutional investors in the private markets on the sale of portfolios of limited partnership interests in alternative asset funds.
PCA Notable Facts
- ~80 dedicated secondary advisory professionals worldwide across offices in New York, Dallas, Hong Kong and London
- Fully capitalized 17 GP-led transactions (e.g., continuation vehicles) totaling $10B+ of equity volume YTD in 2024 (~20% global GP-led market share)
- Advised on $200B+ of transaction value, including dozens of GP-led and LP-led transactions, for 250+ repeat clients
- Supported by ~30 professionals from Jefferies Private Fund Advisory providing placement agent services and strategic fundraising advice with a global distribution presence
Description
- Jefferies is seeking an experienced Vice President to join its GP-led secondaries advisory team in New York.
- The PCA team is focused on executing GP-led and LP-led secondary transactions across the private markets (e.g., private equity, venture capital, private credit).
- GP-led secondary transaction mandates include single- and multi-asset continuation vehicles, tender offers, structured preferred equity solutions and various other financing solutions for sponsors and their portfolio companies. GP-led secondaries are an innovative and increasingly utilized liquidity solution for private equity firms and an important part of Jefferies full-service offering for leading financial sponsors.
- The GP-led secondary market has rapidly grown from $14B of global transaction volume in 2017 to $62B in the LTM period ending Jun-24, representing a 25% CAGR. Approximately half of GP-led secondary transaction volume consists of single-asset continuation vehicles, where a single portfolio company is recapitalized.
- Candidates will join a highly collaborative and dynamic team that often works in tandem with Jefferies sector bankers, leveraged finance and sponsor coverage teams on its transactions. Jefferies PCA offers a unique opportunity to work on transactions with meaningful exposure to senior bankers across Jefferies as well as leading private equity sponsors.
- The Vice President will play an integral role in leading transaction execution and supporting new business development for ground-breaking secondaries advisory assignments.
Responsibilities
- Coordinate execution of GP-led secondary transactions (predominantly continuation vehicles) across Jefferies teams contributing to project workstreams
- Prepare and contribute to the delivery of client presentations and interact with senior bankers, clients and lawyers
- Interface with sector / product banking professionals and oversee the development of complex financial models and valuation analyses
- Perform company- and fund-level due diligence, prepare information memoranda and other transaction-related documentation
- Conduct secondary market research including identifying trends in the alternatives investment industry
- Manage secondary investor outreach and due diligence (e.g., sponsor roadshows, management team meetings, plant and office visits)
- Prepare and coordinate responses to commercial due diligence requests from potential secondary investors
- Communicate regularly with Jefferies’ industry and financial sponsor coverage team members
- Track market data to assist with PCA’s communications with clients and industry coverage teams
Qualifications / Credentials
- Four-year Bachelor’s degree, with a distinguished academic background
- 7+ years of relevant professional experience (e.g., investment banking, valuation advisory, alternatives investment management, private equity consulting)
- Private equity secondaries investment / advisory experience is seen as beneficial, but is not a requirement
- Analytical and quantitative problem-solving skills including academic / professional experience in financial modeling and valuation
- High levels of maturity and ability to interface effectively with professionals at private equity firms, portfolio companies, and secondary investors
- Willingness to work on a wide range of secondary transaction types across different segments of the private markets and industry verticals
- Strong multi-tasking and organizational skills with consistent attention to detail
- Profound dedication to the role (i.e., willingness to take ownership of client deliverables)
- Strong judgment, critical thinking skills with resourcefulness and the ability to improvise effectively
- Exceptional communication skills (verbal, written and illustrative) across various mediums (predominantly Microsoft Word, PowerPoint, and Excel)
The salary for this role is $275,000.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies offers, for eligible employees, an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (vacation), unplanned time off (sick leave), and paid holidays and paid parental leave.
At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.
Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.
All employees must follow Jefferies’ COVID-19 protocol policy, which is subject to change.
