Associate/Senior Associate - Private Equity

Job title – Senior Associate – Private Equity

Location – London

About Federated Hermes;

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $839.8 billion in assets under management, as of March 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.

Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com

Main Function of the role:

We are looking to recruit a senior associate within a high performing team whose mandate is twofold

1) to invest in private equity secondary transactions with a view to growing the HSOF fund franchise

2) to create liquidity optionality within the private equity portfolio to ensure the timely return of capital to investors and maintain our top quartile ranking in terms of DPI

Key task and responsibilities:

Buyside responsibilities:

• Maintaining Federated Hermes secondaries team visibility in the market
• Origination of opportunities, with a focus on secondaries comprising LP secondaries, single asset and multi asset GP leds (continuation vehicles)
• Contribute to the analysis of investments including financial modelling, due diligence and preparation of Investment Committee papers
• Present to the Investment Committee
• Contribute to the investment execution process including rigorously ensuring that all investment processes are followed
• Contribute to portfolio management (oversight of and reporting on investments)
• Support the development of key relationships with GPs,LPs and advisors
• Sellside responsibilities:
• Assist in the monitoring of portfolios with a view to determining the optimum point at which to seek liquidity
• Contribute to all aspects of sellside processes including process design, financial modelling, assisting buyers with due diligence requests, management of datarooms as well as process and bidder management
• Liaise with all internal stakeholders including but not limited to legal, tax, finance and operations
• Support in preparation of materials for discussion with existing LPs
• Assist in ensuring appropriate conflict management measures are in place
• Platform-wide responsibilities:
• Ensure adherence to investment operations processes
• Ensure utilisation of technology, such as Salesforce and other systems where applicable, to assist and progress investment process and decision making
• Support the systematisation of our investment activity through metrics and data
• Support in the strategic development of the secondaries initiative

Minimum knowledge & experience required:

• A minimum of 3-5 years experience in a Secondaries investment role with a focus on GP led transactions
• Initial experience in Investment Banking or Secondaries advisory firm
• Demonstrable track record of completing GP led transactions within the secondaries market
• Strong communication skills
• Team orientation with ability to foster collaboration within and across teams

Experience Required:

• Contributing to the review of a number of investment opportunities – whether passed or invested
• Contributing to the sale of portfolio or individual investments within the Hermes GPE portfolio (typically 1-3 annually)
• The Secondaries team typically manages 1-3 sellside transactions per annum including whole fund sales, strip sales or individual investment sales

Candidate Profile:

• A strong knowledge and understanding of investment philosophy and processes
• Strong interpersonal skills and ability to build deep relationships with the wider secondary market as well as internal stakeholders including finance, legal, tax and operations
• Excellent analytical skills with a data-driven mindset
• Robust financial analysis
• Sound communication skills (written and oral) with the confidence to deal with a variety of internal & external stakeholders
• Self-starter/entrepreneurial mindset looking to take responsibility, particularly critical for a team in the early stages of its development
• Drive, determination and goal orientation
• Team-oriented with a demonstrated commitment to shared success over personal accomplishment
• Excellent organisation skills and ability to manage priorities and meet timelines

Diversity, Inclusion and Flexible Working

We believe in genuine opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.

We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.

We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector.

We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at [email protected] or +44 207 702 0888. You do not need to share details of your disability or long-term condition.

If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at [email protected] or +44 207 702 0888 to discuss the support you need.