About the Role
Join HighVista's newly formed Private Equity Secondaries team, working directly with senior investment professionals to identify, evaluate, and execute GP-led transactions in the lower middle market. This role demands a rigorous, entrepreneurial professional capable of underwriting complex continuation vehicle structures, building conviction on single-asset deals, and contributing meaningfully to a fast-growing strategy from its early stages. It offers high impact with broad exposure to deal origination, relationship management, financial modeling, and investment committee processes.
Responsibilities
- Conduct rigorous due diligence on GP-led secondary transactions, including single-asset continuation vehicles.
- Build and maintain detailed financial models to evaluate GP-led opportunities, including bottoms-up LBO analyses.
- Assess underlying portfolio companies across the GP-led pipeline, performing quality of earnings analyses, market sizing, competitive positioning, management track record evaluations, and operational KPI benchmarking.
- Develop and maintain proprietary GP relationship coverage maps, tracking deal history, fund cycles, vintage exposure, and continuation fund candidacy across HighVista's lower middle market sponsor universe.
- Prepare investment memoranda, IC presentations, and transaction summaries with clarity and precision, synthesizing quantitative and qualitative findings for senior review.
- Assist in managing legal documentation review, including LPA summaries, secondary purchase agreements, representation and warranty terms.
- Collaborate with the broader HighVista private equity team to leverage primary fund knowledge, co-investment history, and GP relationships when assessing continuation fund transactions.
Requirements
- 3–6 years of relevant investment experience, including private equity, investment banking (M&A / financial sponsors), or a dedicated secondaries investment platform.
- Prior exposure to high volume GP-led secondaries transactions, continuation vehicle structuring, or lower middle market buyout investing is strongly preferred.
- Exceptional financial modeling skills with fluency in LBO models and DCF frameworks; familiarity with NAV analysis and secondary pricing methodologies is a strong plus.
- Demonstrated ability to evaluate business quality, with sound judgment on competitive dynamics, organic growth potential, management alignment, and downside risk in small-cap and lower middle market contexts.
- High degree of intellectual rigor and attention to detail; capable of producing IC-ready work product with minimal supervision.
- Strong written and verbal communication skills; able to present complex investment theses clearly and persuasively.
- Collaborative and team-oriented work style; comfortable operating in a flat, entrepreneurial environment with meaningful individual ownership.
Skills
- Financial modeling
- LBO models
- DCF frameworks
- NAV analysis
- Secondary pricing methodologies
- Due diligence
- Investment analysis
- Communication skills
- Relationship management
Experience Level
- 3-6 years
