Associate - Private Capital Advisory - Secondaries

Lazard is one of the world’s leading financial advisory and asset management firms. Our people make the difference. With just over 3,000 employees, our tight-knit community allows for professionals eager to learn and willing to teach to connect and grow together. We believe that diversity, equity, inclusion, and allyship are not just business imperatives — they are central pillars of our employee experience. Our entrepreneurial culture and flat structure allow creative ideas and original concepts to drive our business forward — and for careers to take flight.  

Through our financial advisory business, Lazard advises clients around the world on strategic and financial matters including mergers and acquisitions, restructurings, capital structure and capital raising. Our client relationships are built on trust and discretion. As the world’s largest advisory-focused firm, we have exceptional depth of expertise across industry sectors and geographies. We value the rich diversity that comes from blending local perspective with our global network. 

Lazard’s Private Capital Advisory Group (“PCA”) is an 85+ person global team with a Secondary Advisory business as well as a placement agent business that manages the raising of capital for Private Equity, Private Credit and Real Estate firms. Our Secondary Advisory team advises on the divestiture of private fund interests and direct securities interests via GP-led transactions (single / multi-asset continuation fund, strip sale, tender offer, etc.) and LP-led transactions (sale processes of existing fund positions on behalf of institutional investors). PCA interacts primarily with institutional investors (sovereign wealth funds, public funds, corporate pension funds, foundations/endowments, financial institutions, fund of funds and asset managers). We work with all types of sponsors (buyout, growth equity, venture capital, infrastructure and real assets) and analyze portfolios across all industry verticals and advise clients on all major secondary transaction structures.  

Associates on the Secondary Advisory team are required to combine investment banking skillsets (due diligence, strategic and financial advice, transaction execution) with capital markets functions (sales and distribution). Our deal teams are typically formed with 3-4 PCA professionals, comprised of an Analyst, Associate, Vice President or Director and a Managing Director. Associates work within deal teams during the preparation of a transaction (i.e., facilitating diligence with the client, drafting marketing materials such as a Confidential Information Memorandum, building financial projection model(s) and modelling returns to prospective investors, preparing the Virtual Data Room, etc.) and during the marketing and due diligence phases of the transaction (i.e., managing investor outreach process, facilitating and responding to due diligence questions and other responsibilities as part of managing the transaction process).  

We’ll trust you to: 

• Prepare presentation materials and pitches for prospective clients  

• Analyze client financial and performance information and assisting in the group's due diligence investigations of prospective clients and companies 

• Run financial models for underlying companies (asset operating models, LBO, DCF) and fund level returns 

• Assist in the preparation of marketing materials, including confidential information memorandums and investor presentations 

• Manage the new investor outreach process as part of live transactions  

• Assist in preparing / reviewing responses to investor due diligence requests 

• Communicate regularly with Lazard's institutional investor coverage professionals and across Lazard M&A teams 

You’ll need to have: 

• At least two years of investment banking, secondary advisory, investing or other relevant experience 

• A proven ability (through multiple similar assignments) to work on complex projects 

• A strong and demonstrable analytical background 

• Effective presentation, communication and writing skills 

• Top academic performance with comfort operating in a fast-paced environment that values initiative, creativity, and maturity 

Does this sound like you? 

Apply! We’ll get in touch on the next steps.  

 
What we offer: 

We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.  

We expect the base salary range for this role to be approximately $185,000 - $250,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant’s years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, and relevant skills for the role. Base salary is one component of Lazard Financial Advisory’s compensation package, which also includes comprehensive benefits and may include incentive compensation. 

Inclusion at Lazard 

Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions. 

Our appreciation of diversity’s strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades. 

The ongoing cultivation of diversity and an inclusive, equitable culture are essential to our continued growth. We are committed to sustaining an environment in which all employees – regardless of socioeconomic status, race, color, nationality, religion, gender, gender expression, sexual orientation, physical abilities, veteran or military status – can maximize their individual potential and our collective success. #LI-EF1