When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians. CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney. $732bn AUM. Details below.
The Role
As an Associate, Secondaries, you will support the evaluation and execution of private equity secondary investments across both LP and GP-led transactions. Working closely with the Secondaries team, you will conduct investment research, build financial models, participate in due diligence, and help monitor portfolio investments while contributing to investment recommendations and portfolio management activities.
The Team
The Secondaries group is part of CPP Investments’ Private Equity department and invests directly in the private equity market through both LP and GP-led secondaries. The team leverages CPP Investments’ scale, extensive market access, longstanding GP relationships, and established track record to identify and execute compelling investment opportunities.
Accountabilities
- Conduct industry, market, and company research to support investment analysis and due diligence.
- Develop and maintain financial models and perform valuation analysis to evaluate investment opportunities.
- Participate in due diligence activities, including meetings with external stakeholders and analysis of investment opportunities.
- Prepare investment memoranda, analytical reviews, and recommendations in collaboration with the deal team.
- Present analysis during investment discussions and contribute to transaction-related Q&A sessions.
- Monitor the financial performance and risk profile of portfolio investments, updating models and analytical tools as required.
- Support multiple transaction teams simultaneously while contributing to investment execution and portfolio management.
What You Bring
- Undergraduate degree in Business, Finance, Economics, or a related field.
- 1-3 years of relevant experience in secondaries or private equity, investment banking, consulting, or a related field.
- CFA designation or progress toward the CFA/IA program is considered an asset.
- Strong financial modelling, valuation, research, analytical, and problem-solving skills.
- Advanced proficiency in Microsoft Excel and PowerPoint.
- Excellent written and verbal communication skills with the ability to collaborate effectively in a team environment.
- Willingness to be based in New York and travel as required.
The salary range for this position is USD $150,000 – $200,000
US state/city legislation requires CPP investments to include a reasonable estimate of the compensation range for this role. The base salary range shown here is a reasonable expectation for the posted role and is part of a competitive total rewards package which includes comprehensive benefits, a performance-based incentive plan, a 401 (k) plan and paid time off. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to, experience and expertise.
You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment.
We provide colleagues with cutting-edge AI tools, dedicated learning time, and practical support to help them deliver with greater impact.
Inclusion & Accessibility
CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.
Attention: Protect Yourself from Fraud
CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday.
CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision-making.
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Message from Allocator Jobs: To help prepare you for this role, take a look at the Institutional Allocator (IA) program from our partnership organization, the Allocator Training Institute. The IA program curriculum gives you a solid foundation of investing from the allocator’s perspective. You’ll learn how to evaluate investment managers, create an ‘endowment-model’ multi-asset class portfolio, and the quantitative tools necessary to succeed in the role. The three-part program can be completed in less than one year and exams are available every quarter-end month. This is the program that will help you start and then accelerate your allocator career. Reach out if you have any questions.
