Associate / Sr. Associate, Private Equity & Mezzanine - Aegon AM

Job Description SummaryAegon Asset Management (Aegon AM) is a leading global investor. Our 385 investment professionals manage and advise on assets of US $341 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.
We are an international business: Our 1,160 employees work from 13 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.
The US Private Equity & Mezzanine Team is a fund of funds team with an active co-investment program and direct secondary effort serving both affiliated and non-affiliated clients.
Position Overview:
This position resides within the growing Private Equity team and will be responsible for helping construct and manage portfolios to help meet client's goals for attractive risk adjusted higher returns within the alternative asset classes. This includes sourcing North American based managers within the leveraged buyout (LBO), secondary, growth equity, direct lending, mezzanine, distressed and infrastructure spaces, as well as identifying and evaluating new asset classes that may be appropriate for client portfolios. The position will also be heavily involved in sourcing and underwriting secondary opportunities and equity co-investments alongside managers. The Senior Associate or Associate would join the current four person Aegon AM Private Equity & Mezzanine team based in Baltimore, MD and be involved in all aspects of the investment process including asset allocation, portfolio construction, manager and co-investment sourcing, manager and co-investment selection and due diligence, and portfolio monitoring - as well as client communication.
This is not a ‘two-year associate or analyst’ program but a career track position, however pre-MBA candidates looking for 2-3 years of private equity work experience to then move onto an MBA program are welcome to apply.

Job Description

Responsibilities:

• Manage and execute multiple aspects of the investment process on potential private asset funds, co-investments and secondary investments, including sourcing, due diligence, in-depth financial modeling, preparing investment recommendations and memos, and presenting to the investment committee and/or senior portfolio managers.
• Negotiate and execute transactions with a degree of independence. Collaborate with legal and operations departments to ensure proper execution of limited partnership agreements, capital calls and distributions. 
• Make recommendations on amendments, consents and other ongoing partnership maintenance. 
• Monitoring of managers and portfolio investments, including writing reports and attending/participating in manager investor meetings. 
• Maintain and develop relationships with general partners, agents, bankers, and other intermediaries. 
• As appropriate, engage with other groups within Aegon AM such as structured and alternative fixed income, bank loan team, high-yield team, fixed income research, quantitative solutions, etc. to help source and diligence investment opportunities.
• Work travel opportunities. 

Required Qualifications:  

• At least one year for the Associate position; three plus years for the Senior Associate position of direct investment, secondary, lending, M&A, investment banking, financial due diligence, FP&A, or accounting experience that includes financial modeling & analysis. 
• Bachelor’s degree in Finance, Accounting, Economics, Mathematics or related field.
• Intellectually curious and highly self-motivated with exceptional written and oral communication skills.
• Strong analytical and financial modeling skills.
• Creative and independent problem-solving abilities.
• Excellent interpersonal skills, including the desire and ability to interact with general partners, clients and external parties.

Preferred Qualifications:  

• Preference will be given to candidates with experience executing private equity secondary investments, direct investments, and/or co-investments.
• Knowledge and experience within the private equity community. 
• Bachelor's degree from a top-tier institution with a strong GPA and a demonstrated history of academic and/or community leadership.
• CFA, MBA, or CAIA preferred if the undergraduate degree is not Finance or Accounting.

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The salary for the Senior Associate position generally ranges between $120,000 - $140,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

The salary for the Associate position generally ranges between $80,000 - $100,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, both positions are typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Job and compensation levels depend upon an applicant’s qualifications including the extent of candidate’s relevant experience and other job-related factors and will be determined by hiring supervisors/managers and HR.

At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.

We are open to considering flexible working practices. Please talk to us about what this means for you.

#LI-Hybrid

Why Work for Us

At Aegon Asset Management, we invest in You.

Our people are our greatest asset; with a competitive rewards program including incentive compensation, health and wellness benefits, retirement programs, and learning and development opportunities, our employees are engaged and empowered. Come be a part of driving our success!

Equal Opportunity Employer:

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Aegon Companies. Please contact: [email protected] if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email [email protected].