2-Year Analyst - AlpInvest Primaries

Job Title

2-Year Analyst - AlpInvest Primaries

Location

New York / OVA

Line of Business

Carlyle AlpInvest

Job Function

Investment Professionals

Date

Tuesday, June 16, 2026

About AlpInvest Partners

AlpInvest Partners is one of the world's largest and most well-established private equity investors, having committed over $111 billion since inception, with $102 billion in AUM as of September 30, 2025. AlpInvest is a wholly owned subsidiary of The Carlyle Group and serves as the private equity multi-manager adviser within the Investment Solutions business segment. AlpInvest professionals have full access to Carlyle’s resources and network, providing a key differentiator in the private equity market, analyst experience and post-analyst opportunities, including business school. AlpInvest invests across three strategies: Primary Fund Commitments, Secondary Investments, Co-Investments. We provide customized private equity solutions through separately managed accounts and commingled funds, serving over 710 investors globally, including sovereign wealth funds, pension funds, insurance companies, and family offices. AlpInvest has offices in New York, Amsterdam, London, and Hong Kong with 295+ employees, including 120+ investment professionals. Learn more at www.AlpInvest.com.

Opportunity Overview

Primary Funds Analyst

We are seeking a highly motivated Analyst to join AlpInvest’s Primary Funds team in New York. This role offers a unique opportunity to gain experience investing across the spectrum of private equity strategies. As an Analyst, you will be actively involved in:

Responsibilities

1. Deal Flow
   • Research private equity firms using industry databases and proprietary sources
   • Engage directly with general partners (GPs) and placement agents for firm updates
   • Screen inbound fund opportunities and produce quick assessments for the team
   • Advance potential investments to the quick scan phase for further evaluation
2. Due Diligence
   • Meet with GPs to assess investment attractiveness
   • Gather and analyze large-scale GP data, leveraging AlpInvest’s proprietary toolkit
   • Conduct on-site due diligence and reference calls with CEOs, competitors, former employees, and other limited partners
   • Draft internal investment documents
3. Process Coordination & Deal Execution
   • Organize the investment due diligence process (deal timeline, data room, diligence agenda)
   • Participate in team and investment committee discussions on investment proposals
   • Collaborate with the legal, operational diligence, and responsible investment teams
   • Assist in deal closing by working with the portfolio risk & analysis, investment accounting, and legal teams
4. Data Management & Market Mapping
   • Maintain and update deal flow data in the DealCloud CRM system
   • Ensure all GP diligence materials and internal analyses are accurately recorded
   • Track investment pipeline statistics and fund closing metrics
5. Portfolio Monitoring & Performance Tracking
   • Monitor existing investments, tracking fund performance and GP organizational developments
   • Participate in GP update meetings, annual meetings, and advisory board sessions
   • Review and process LPA amendments, fund extension requests, and post-closing matters
6. Client Reporting & Fundraising Support
   • Assist in preparing monthly and quarterly client meeting materials
   • Develop case studies and pipeline updates for investor presentations
   • Support ongoing fundraising efforts, including responding to RFPs and due diligence requests

Qualifications

Education & Certifications

• Bachelor’s degree required

Knowledge & Experience

• 1 – 3 years of experience in investing, investment banking, research, consulting or similar fields
• Experience or strong interest in primary fund investing
• Excellent written and verbal communication skills, including ability to engage with GPs in both social and business settings
• Ability to thrive under pressure in a fast-paced investment environment
• Exceptional attention to detail and organizational skills
• Sense of ownership of work product, with the ability to handle multiple projects simultaneously, prioritize tasks effectively, and meet deadlines—often working alongside multiple team members
• Proven teamwork and collaboration abilities across all levels of seniority

Technical Requirements

• Advanced Excel & PowerPoint skills (financial modeling, data analysis, presentations)
• Deep understanding of the private equity asset class
• Corporate finance and valuation knowledge, with the ability to understand the key drivers of portfolio company operating performance and assess ultimate potential fund-level returns
• Strong writing skills—experience with investment proposals, research reports or market analyses
• Ability to synthesize qualitative and quantitative data to support investment decisions

Benefits & Compensation

The compensation range for this role is specific to New York City and reflects a wide range of factors including skill set, prior experience, licenses and certifications. The anticipated base salary range for this role is $120,000. In addition to the base salary, the role includes a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. The hired professional may also be eligible to participate in an annual discretionary incentive program, awarded based on individual and organizational performance.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with $475 billion of assets under management, across 678 investment vehicles as of March 31, 2026. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,500 professionals operating in 28 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle invests across three segments – Global Private Equity, Global Credit and Carlyle AlpInvest – and has deep expertise across industries, markets, and geographies. At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO has emphasized assembling leadership teams with the strongest insights from a range of perspectives. We cultivate a culture where ideas are openly shared and challenged, connecting diverse expertise and perspectives to drive enduring value.