Associate Analyst, Alternative Investments

Northern Trust Asset Management

Posted 1 day ago

Internship

Chicago, Illinois

In Person

Smart Summary

Responsibilities

The analyst will participate in investment screening, due diligence, and portfolio monitoring for private equity opportunities. They will also assist with fundraising initiatives, marketing materials, and investor relations projects.

Qualifications

You are pursuing a bachelor's degree in business, finance, accounting, economics, or engineering with an expected graduation date between December 2027 and Summer 2028. You have 0-1 years of experience in leveraged finance, consulting, public accounting, corporate finance, or private equity, and possess strong analytical, communication, and interpersonal skills.

Must Have Skills for ATS

Excel

PowerPoint

Word

Financial Analysis

Valuation

Financial Modeling

Due Diligence

Private Equity

Fundraising

Portfolio Management

Job Description

About Northern Trust


As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.


Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.



50 South Capital (www.50southcapital.com) is the private equity investment group within Northern Trust. 50 South Capital’s private equity group makes primary, secondary, and direct co-investments in buyout and venture capital funds and companies in the U.S., Europe and Asia. The team has extensive experience investing in the industry and has been led by its founding partners since 2000. It oversees over $19.4 billion in assets and is experiencing rapid growth.


The individual in the two-year Analyst position will participate in all of the group’s activities, including investments, fundraising and portfolio management. This will include screening investment opportunities; meeting fund management teams; completing due diligence, including valuations and modeling; participating in various portfolio monitoring tasks and data analysis projects; creating and updating marketing materials; and participating in fundraising related initiatives.


WHO YOU ARE  

  • You are pursuing a bachelor’s degree with a major in business, finance, accounting, economics, or engineering preferred at an accredited college/university with an expected graduation date of December 2027 through Summer 2028.
  • Preferably seeking a summer 2027 start date.
  • 0-1 years of experience with leveraged finance,consulting, public accounting, corporate finance or private equity.
  • High attention to detail.
  • Strong work ethic.
  • Excellent interpersonal skills, ability to work within a collegial, team environment.
  • Strong communication skills, both written and oral.
  • Highly-developed analytical ability, curiosity.
  • Ability to prioritize workload and to work on a number of projects concurrently.
  • Strong business and interpersonal judgment skills with ability to assess both the qualitative and quantitative aspects of an investment.
  • Understanding of how financial markets work, particularly private equity.
  • Knowledge of basic financial analysis and the valuation of private companies.
  • Highly proficient in Word, Excel and PowerPoint.
  • Must be comfortable representing the firm to outside constituencies in a professional way.

WHAT YOU’LL DO  

  • Prepare financial analysis in support of the firm's due diligence on private equity fund/secondary/direct investment opportunities.
  • Evaluate a firm’s strategy and historical track record versus industry benchmarks; tracking industry-wide and fund specific investment and liquidity data; modeling fund cash flows and transaction structures; working with valuation models and projection models; reference calls; and compiling information for investment committee presentations.
  • Support general duties within the primary, secondary, and direct investment functions, including monitoring the universe of buyout and venture capital fund managers, and meeting with these managers as part of the diligence process.
  • Assist with business development and investor relations projects, such as maintaining marketing and quarterly performance presentations, creating industry white papers, and working with the back-office team.
  • Position may require some travel.

Salary Range:

Salary is $90,000 annually.

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.


Work Authorization


Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).


Working with Us


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.


Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with US$1.4 trillion in assets under management as of March 31, 2026 we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency. Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. © 2025 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A.
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