Solutions & Multi Asset - Private Equity Fund of Funds

Summer Analyst

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Placement and duration

The Investment Management Summer Analyst Program is a 10-week program consisting of one week of training with all Investment Management Summer Analysts and nine weeks working within a specific group. During the 10-week program, Summer Analysts experience the culture and atmosphere of Morgan Stanley by performing a role similar to a Full-Time Analyst.

Morgan Stanley Alternative Investment Partners (AIP) is a leading alternative asset manager with an extensive and strong track record, a global investment scope, and assets under management of $30+ billion. AIP is seeking a Summer Analyst for its private equity investment team located in suburban Philadelphia.

AIP’s private equity investment team is comprised of over 39 investment professionals based in suburban Philadelphia, London, and Hong Kong. The team annually commits approximately $1 billion to 20 – 30 different private equity funds, acquires approximately 8 – 10 private equity portfolios, and invests in 8 – 10 passive co-investment opportunities across a broad range of geographies, industries, and strategies. The team conducts extensive quantitative and qualitative analyses in partnership with premier private equity managers around the world to identify, evaluate, execute, and monitor investments of three types:

  • Investments directly into new private equity funds (including buyout, VC, mezzanine, distressed debt, and special situations funds located in the U.S. and abroad) – 60% of capital
  • Co-investments directly into companies alongside private equity managers in whose funds AIP has invested – 20% of capital
  • Secondary acquisitions of positions in existing private equity funds – 20% of capital

Training program

Morgan Stanley Investment Management’s training program consists of a curriculum designed to equip Summer Analysts with the fundamental skills they need in order to be successful. The program is one week long and includes a Firmwide orientation, business overviews, professional development, technical training and networking events. A speaker series is also a part of the overall training and is run throughout the duration of the program.

Responsibilities

The PEFoF team is looking for Summer Analysts to:

  • Work with both the primary and secondary investment teams which consists of 5 to 6 person deal teams
  • Handle investment analysis, research, investment process management, transaction structuring, and deal execution
  • Perform financial analyses in support of the investment process (comparable company valuation analyses, LBO model construction, and projected return sensitivity analyses)
  • Conduct research on a wide range of geographies, industries, companies, and macroeconomic trends

Qualifications/ Skills/ Requirements

  • Current Junior (class of 2019) in a 4 year bachelor’s degree program with superior academic performance
  • Strong quantitative and qualitative analytical skills
  • Strong verbal and written communication skills
  • Quantitative modeling experience
  • An understanding of financial concepts, valuation, and accounting
  • A high level of attention-to-detail
  • An ability to meet challenging deadlines while maintaining quality and accuracy
  • A high level of interest in global macroeconomic investment trends