Investment Banking Associate | Secondary Advisory (GP, Real Estate & Infrastructure)

The Associate will join the firm's Private Capital Advisory (“PCA”) – Secondaries team in New York, with a dedicated focus on Real Estate & Infrastructure GP-led transactions, including continuation vehicles, recapitalizations, and joint ventures. The Associate will play a central role in execution leadership, sponsor relationship management, asset underwriting, and transaction structuring, working closely alongside senior PCA bankers and Jefferies’ Real Estate Gaming & Lodging and Infrastructure coverage teams. This role is designed for a banker who combines M&A-level execution rigor with a deep understanding of private capital markets, real asset investing, investor dynamics, and GP objectives across the fund lifecycle.

Find out exactly what skills, experience, and qualifications you will need to succeed in this role before applying below.
Team & Platform Overview The Private Capital Advisory platform is part of one of the largest and most active fully integrated franchises on Wall Street, advising sponsors on strategic franchise enhancing transactions. The team advises leading managers across a broad range of sectors, including but not limited to digital infrastructure (data centers), industrial, residential, hospitality, and self-storage.~20% global GP-led market share in 202595 GP-led transactions signed or closed since January 2022$63B+ of GP-led transaction volume signed or closed since 2022The team operates as one integrated Private Capital Advisory platform, combining:110+ dedicated secondary advisory professionals across seven global offices150+ private capital professionals globally
ResponsibilitiesLead/co-lead day-to-day execution of single-asset and multi-asset continuation vehicle transactions across real estate and infrastructure portfoliosOwn financial modeling, valuation analysis, and underwriting materials for real estate and infrastructure assets, portfolios, and fundsAnalyze asset-level operating performance, cash flow characteristics, capital structure considerations, and long-term value creation plansPrepare and manage CIMs, management presentations, term sheets, LP election materials, and investment committee documentationCoordinate buyer outreach, investor diligence, bid evaluation, syndication processes, and transaction closingsServe as a day-to-day coverage point for real estate and infrastructure sponsors and asset managersManage Analysts, maintaining high execution standards and mentoring junior team membersSupport senior bankers in origination efforts and strategic advisory dialogues regarding portfolio optimization, fund liquidity solutions, and continuation vehicle opportunitiesWork closely with sector banking, project finance, and capital markets teams to evaluate asset-specific investment considerations and market dynamics
Qualifications xzbcwsv & Profile2-5+ years of experience in investment banking, private capital advisory, secondary advisory, real estate advisory, or infrastructure investingExperience evaluating or advising on real estate, infrastructure, or other real asset investments is strongly preferredDirect exposure to GP-led transactions, continuation vehicles, sponsor coverage, or complex private market transactions is preferredStrong foundation in valuation methodologies relevant to real assets, including DCF, NAV, project finance, and asset-level cash flow analysisUnderstanding of private fund structures, sponsor economics, and institutional investor requirementsAbility to manage complex transaction processes and senior stakeholder relationshipsDemonstrated leadership, project management, and team management capabilitiesExceptional analytical, communication, and presentation skills with a high level of attention to detail