Vice President, AlpInvest Co-Investments

The Carlyle Group

New York, NY, USA

Posted on April 1, 2024

Position Summary

The Carlyle Group seeks to hire a Vice President within the AlpInvest Co-Investment team.

AlpInvest Partners is one of the largest and well-established private equity investors globally, with nearly $91 billion committed to investments since inception. AlpInvest is wholly owned by The Carlyle Group and serves as the private equity multi-manager adviser within the Carlyle Investment Solutions business segment.

AlpInvest’s activities cover a broad range of private equity, including Primary Fund commitments, Secondary Investments and Co-Investments. Within the private equity ecosystem the firm’s investments are focused on the buyout and growth equity subsegments. AlpInvest offers customized private equity solutions to single clients through separately managed accounts as well as commingled funds. AlpInvest has a large and diverse base of about 450 investors globally, including sovereign wealth funds, public and private pension funds, insurance companies, and family offices.

AlpInvest’s Co-Investment team invests directly in companies alongside its GP partners and investments are made globally across all industries and company stages by a team consisting of 30+ member co-investment team with professionals located in New York, Amsterdam and Hong Kong.

The Co-Investment team typically engages early in the deal process and co-underwrites transactions alongside the lead sponsor. The team has invested $16+ billion in over 350+ transactions with 125+ private equity firms including KPS Capital Partners, CVC Capital, Symphony Technology Group, TA Associates, Advent International, Permira, Charlesbank, Hellman & Friedman, Nautic Partners, GTCR and Littlejohn.

Investments are made across various industries in both the middle-market and large buyout segments of the market.

Responsibilities

This hire will be a key member of the investment team working in a flat team environment directly with senior investment professionals. Key job functions include:

Lead evaluation and execution of transactions
Manage due diligence process which includes comprehensive review of materials (sellside dataroom, industry reports, 3rd party diligence reports, lead GP IC materials, etc.)
Lead due diligence sessions with lead GPs, management teams and external advisors/experts
Determine appropriate valuations and legal/ tax structures
Prepare investment memos and recommendations for investment committee
Monitor existing portfolio companies through interactions with GPs and participation in board meetings
Prepare periodic investor updates and develop relationships with the Co-investment team’s LP base and support fundraising activities
Develop and mentor junior investment professionals

Qualifications

Education, Licensing & Certificates

College degree required, MBA is a nice to have

Professional Experience

Candidates should have 5-10 years of prior experience in private equity investing. Successful candidates will be team players with the confidence to interact with general partners through frequent direct interaction and ability to thrive in a fast paced and entrepreneurial environment. The target candidate’s background will include:

Expertise with leveraged buyouts and other PE and debt transactions
Advanced financial modeling capability and ability to interpret financial metrics when analyzing investment opportunities
Experience with outside in sector research and comparative analyses
Excellent verbal and written communication skills

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $426 billion of assets under management and more than half of the AUM managed by women, across 586 investment vehicles as of December 31, 2023. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 2,200 professionals operating in 28 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle’s purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments – Global Private Equity, Global Credit and Investment Solutions – and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

At Carlyle, we know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.