Associate, AlpInvest Co-Investments

Position Summary

Alp Invest Partners, a division of The Carlyle Group, is seeking a highly motivated Associate to join its Co-Investments team in New York. As a key member of the team, you will engage directly in evaluating and executing private equity co-investments across a wide range of industries, geographies, and strategies. The role offers exposure to high-quality transactions alongside leading private equity sponsors, while building critical investment skills and deepening your understanding of the global private markets landscape.

This opportunity is ideal for candidates who thrive in a rigorous, collaborative environment and are intellectually curious about company-level investing. The Associate will work closely with senior investment professionals across the full investment lifecycle from sourcing and diligence through execution and portfolio monitoring. You will join a culture that values humility, precision, and inclusivity, and you will be supported by a global platform known for delivering customized investment solutions to a sophisticated institutional client base.

This role will leverage AI technologies to streamline operations, enhance decision-making, and drive execution of key responsibilities with greater efficiency and impact. While AI is a powerful enabler, it does not replace strategic thinking; human insight and judgment will remain essential.

Alp Invest is one of the largest and well-established private equity investors globally, with over $100 billion committed to investments since inception and over $90 billion in AUM as of June 30, 2024. Alp Invest is wholly owned by The Carlyle Group and serves as the private equity multi‑manager adviser within the Carlyle Investment Solutions business segment. Alp Invest 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.

Alp Invest’s activities cover a broad range of private equity, including Primary Fund commitments, Secondary Investments and Co‑Investments. The firm’s investments span the full spectrum of private equity: buyouts, venture, growth capital, energy, mezzanine, and distressed. Alp Invest offers customized private equity solutions to clients through separately managed accounts and commingled funds. Alp Invest has a large and diverse base of more than 550 investors globally, including sovereign wealth funds, public and private pension funds, insurance companies, family offices and other financial institutions.

Alp Invest has offices in New York, Amsterdam, London, and Hong Kong with a team of more than 90 investment professionals and over 240 employees across the globe.

Alp Invest’s Co‑Investment team invests directly in companies, partnering with lead financial sponsors across the globe to provide equity financing in private equity transactions and leveraged buyouts. Investments are made globally across all industries, market segments, and buyout categories by a team consisting of 33 investment professionals located in New York, Amsterdam, and Hong Kong. The Co‑Investment Program is designed to work alongside private equity GPs throughout the lifecycle of a deal.

Alp Invest Partners engages early in the deal process and actively supports the lead financial sponsor underwriting a bid for a company in addition to acting as a supportive partner to help finance leveraged buyouts. The team has invested $17 billion in over 400 transactions with 150 private equity firms including Permira, Apollo, TA Associates, Advent, KKR, Symphony Technology Group, CVC Capital, TSG Consumer, Hellman & Friedman, Thoma Bravo, GTCR, Francisco Partners, Silver Lake and Littlejohn.

• Evaluate co‑investment opportunities across sectors and geographies by reviewing investment memoranda, financial statements, and sponsor materials.
• Build detailed financial models to assess target company performance, including operating metrics, debt structures, and exit scenarios.
• Prepare internal investment memoranda and…