Asset & Wealth Management, External Investing Group (XIG), Private Equity Investment Team (Petershill Strategies), Origination Focus, Associate

**Goldman Sachs Asset & Wealth Management**

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

**Petershill Strategies Overview**

Established in 2007, Petershill is a leading GP stake investor, specializing in acquiring non-controlling equity interests in the management companies (General Partners or GPs) of alternative asset managers. Through these strategic, non-control investments, Petershill partners with leading alternative asset managers to accelerate their strategic development. By providing strategic capital, Petershill supports the creation of long-term value, enabling GPs to enhance employee retention, facilitate business development, buy out legacy equity holders, and create broader strategic options, all while preserving the autonomy and entrepreneurial spirit of these organizations. To date, Petershill has partnered with over fifty alternative asset management firms and has raised over $17.0bn of commitments in private fund commitments.

**Responsibilities**

• Support proprietary deal flow origination for GP stakes and preferred equity transactions as a member of the origination and coverage team. Requires familiarity with approaches to fundamental valuation and deal assessment across a broad range of strategy and sector focused GPs
• Develop materials to support the origination effort broadly across both platform development and GP-facing content, with a focus on communicating Petershill and XIG’s capital solutions
• Build on established systems of mapping, tracking, and reaching out to the alternatives GP universe, leveraging external and GS databases, publicly available information, and other resources
• Cultivate relationships with leading alternative asset managers for GP stakes and related capital solutions; drive thematic sourcing initiatives to support a robust deal pipeline for Petershill and deal referrals across XIG and Goldman Sachs broadly
• Increase and systematize Petershill connectivity across the alternatives universe, maintaining regular engagement with both external GPs and internal Goldman Sachs groups
• Maintain and improve methods of tracking engagement with external GPs and internal stakeholders, focusing on capturing the long-term impact of origination efforts

**Qualifications**

• Minimum of 3 years of experience in Investment Banking/Corporate Finance/M&A/Leverage Finance/GP stakes/Private Equity/Other Private or Public Markets Investing, *and/or* Corporate Strategy/Business Development/Relationship Management
• Sound relationship management and deal origination judgment, along with strong familiarity with numerical, analytical, and valuation skills for the purpose of cultivating a strong deal pipeline
• Experience with GP Coverage preferred, including (i) liaising with senior leadership teams of private capital firms across Private Equity, Private Credit, Private Real Assets, traditional asset managers, wealth managers, and more, and (ii) managing relationships and bringing in strategic resources to accelerate platform growth and development
• Strong presentation, communication, and negotiation skills, enabling the candidate to develop and maintain strong relationships with external GPs and internal stakeholders
• Excellent time, people, and project management skills
• Ability to work effectively as part of a team

**ABOUT GOLDMAN SACHS**

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. : https://www.goldmansachs.com/careers/footer/disability-statement.html©

The Goldman Sachs Group, Inc., 2023. All rights reserved.

**Salary Range**

The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

**Benefits**

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

**We Offer Best-In-Class Benefits**

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview

CORPORATE TITLE

Associate

OFFICE LOCATION(S)

New York

JOB FUNCTION

Investing & Portfolio Management - Public

DIVISION

Asset & Wealth Management

SALARY RANGE

USD 100,000 - 170,000