Asset & Wealth Management, Hybrid Capital Investing, Associate - New York

ABOUT GOLDMAN SACHS ALTERNATIVES
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of December 31, 2025.
HYBRID CAPITAL OVERVIEW
Hybrid Capital provides flexible solutions for businesses seeking non-control alternatives to traditional private equity or greater flexibility than traditional debt. We have investments out of West Street Strategic Solutions Fund I, a $14bn fund raised in 2020, and are in‑market raising, and actively investing out of, Fund II. Analysts and Associates work as part of small deal teams in a wide range of high‑profile transactions across the capital structure ranging from secured debt to minority common equity. The role is highly analytical with emphasis on fundamental valuation, financial modelling, analysis of financial accounts, and legal documentation. The work is deal‑focused, dynamic, and will bring you in contact with a wide range of businesses, industries, geographies, investment structures and products as well as advisors and management teams.
RESPONSIBILITIES
Engaging in all aspects of due diligence and business analysis including but not limited to financial modelling and analysis, fundamental valuation analysis, market research, and competitive analysis to develop and refine investment theses
Participating in structuring, negotiating, and documenting investments
Communicating and defending investment theses to internal stakeholders and committees, including relevant Asset Management and Firm‑wide Investment Committees
Actively monitoring existing investments in the portfolio
Originating investment ideas via early engagement with relevant parties (e.g., financial sponsors, company management teams, founders)
Building relationships with sponsors, management teams, and internal Goldman Sachs stakeholders
SKILLS & EXPERIENCE REQUIRED
Investment Banking or Principal Investing candidate with 2 - 4 years of experience
Strong academic record with a bachelor’s degree, master’s degree, or equivalent in Finance, Economics, Business Studies, Industrial Engineering, or a related discipline from a distinguished academic institution
Prior work experience in private equity or private credit is a plus
Strong quantitative, financial modeling, analytical, and problem‑solving skills
Passion for investing with an interest in complex credit and equity investments
Flexible and creative mindset; ability to analyze a variety of industries and businesses
Confident verbal and written communication and interpersonal skills
Solid work ethic and high levels of motivation
Excellent MS Excel skills essential and knowledge of MS PowerPoint
Ability to self‑direct, analyze and evaluate, and form independent judgments
Excellent organizational skills and attention to detail