Private Equity Associate, Strategic Advisers

Job Description : The Department

Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 25 years, SAI has specialized in asset allocation solutions, as well as crafting methodologies for many of Fidelity’s investment planning tools to help investors reach their financial goals. With over $1 trillion in assets under management, the SAI team of investment professionals builds and manages asset allocation portfolios for over three million customer accounts.

The Team

Private Markets Research

SAI has established a growing team to source, underwrite and execute private market investments across private equity, private credit, and real assets. This team will be supporting a new product offering enabling Fidelity SAI clients to access private market investments. The Private Markets Research team seeks to originate and evaluate private investment managers and investment opportunities which we believe will outperform public market alternatives through skilled value creation and investment selection.

The Private Equity Research team supports Fidelity’s multi-strategy private equity funds in addition to future initiatives. Fidelity is raising the third multi-strategy private equity fund in this annual vintage series, which seeks to generate attractive risk-adjusted returns by investing in a diversified portfolio of private equity funds, including buyout, growth, secondary funds, and if available, co-investments.

The Position

In this role, you will work under the guidance of senior team members and Portfolio Managers to perform investment manager research and analysis. You will support the sourcing, due diligence, monitoring, investor reporting, and execution of third-party private equity fund investments and co-investments. The role will have exposure to multiple geographies and investment fund strategies, including secondaries, buyouts, and growth equity.

Qualifications

• Bachelor’s degree required; CFA or progress toward CFA a plus
• 3+ years of relevant investment experience; private equity manager due diligence preferred, co-investment due diligence experience a plus
• Solid understanding of private equity markets, strategies, and fund analysis
• Strong research, analytical and technical skills with a problem-solving mentality and an orientation to detail
• Proven communication and presentation skills with an ability to discuss issues in a clear, concise manner
• Leveraged finance or credit-oriented fundamental company analytical and LBO modeling skills a plus
• Ability to work collaboratively in a team environment
• Strong proficiency in Excel and Microsoft Office, as well as private market research / benchmarking tool

Location

Boston, Massachusetts

Certifications : Category : Investment Professionals

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and / or associating with individuals with certain Criminal Histories.

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