Aqualis Partners
Investment Associate, Private Equity Secondaries
Aqualis Partners
About Aqualis Partners Aqualis Partners is a private equity secondaries firm established in 2025, focused on acquiring small LP interests across the U.S. and Europe. The firm complements its core LP-led strategy with selective GP-led transactions, directs, seasoned primaries, preferred structures, and opportunistic investments across additional geographies. Aqualis combines decades of private markets experience with a modern, data-driven approach. This experience, paired with innovation, positions us to deliver creative liquidity solutions that meet the evolving needs of the private markets.
“Aqualis” is Latin for “liquidity” or “of or pertaining to water,” and just as water is liquid, adapts and flows, we provide investors with innovative and reliable liquidity solutions, helping them to unlock value, rebalance portfolios, manage cash flows, and enhance returns. Aqualis is pronounced “aqua” like the color and “lis” like bliss.
The Role Aqualis Partners is seeking an Investment Associate to join its investment team in Darien, Connecticut. This is a full-time, on-site role with meaningful responsibility across the full investment lifecycle.
The Associate will work directly with senior investment professionals on sourcing, evaluating, executing, and monitoring private equity secondaries transactions. The role offers immediate exposure to live deals and the opportunity to take ownership of core analytical and diligence work in a growing platform.
Key Responsibilities
Evaluate LP-led and GP-led secondaries opportunities across private equity funds and portfolios
Manage a team of Analysts
Build and maintain detailed financial models, including cash-flow forecasting, scenario analysis, and valuation work
Conduct investment due diligence, including fund analysis, GP assessments, market research, and external diligence coordination
Prepare investment memoranda and supporting materials for internal review and investment committee discussions
Participate in transaction execution, including data room review, coordination with counterparties, and support through closing
Monitor existing investments and assist with portfolio analysis, reporting, and performance reviews
Attend GP annual meetings and secondaries industry events
Support fundraising, investor materials, and ad-hoc strategic initiatives as needed
Qualifications
3–5 years of experience in private equity secondaries; experience in other related areas such as direct private equity, co-investments, investment banking, or investment consulting will also be considered
Strong financial modeling, valuation, and analytical skills
Solid understanding of private equity fund structures and transaction dynamics
Exceptional attention to detail with the ability to produce high-quality work under time pressure
Strong written and verbal communication skills, including the ability to clearly articulate investment views
High proficiency in Excel and PowerPoint; experience with data analytics tools is a plus
Self-starter mentality, ability to work in an entrepreneurial environment, with sound judgment and a collaborative mindset
Bachelor’s degree from a top institution with a strong academic record; advanced degree or CFA a plus
Candidates must have full right to work in the United States, without current or future visa sponsorship
Why Aqualis?
Direct exposure to live secondaries transactions from day one
Lean, highly collaborative team with significant responsibility and visibility
Opportunity to grow with a newly established firm and help shape its investment platform
Competitive compensation commensurate with experience
Apply Send your resume to careers@aqualispartners.com and reference the Investment Associate position in the subject line.
Referrals increase your chances of interviewing at Aqualis Partners by 2x.
Additional Details
Seniority level: Mid-Senior level
Employment type: Full-time
Industry: Investment Management
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About Aqualis Partners Aqualis Partners is a private equity secondaries firm established in 2025, focused on acquiring small LP interests across the U.S. and Europe. The firm complements its core LP-led strategy with selective GP-led transactions, directs, seasoned primaries, preferred structures, and opportunistic investments across additional geographies. Aqualis combines decades of private markets experience with a modern, data-driven approach. This experience, paired with innovation, positions us to deliver creative liquidity solutions that meet the evolving needs of the private markets.
“Aqualis” is Latin for “liquidity” or “of or pertaining to water,” and just as water is liquid, adapts and flows, we provide investors with innovative and reliable liquidity solutions, helping them to unlock value, rebalance portfolios, manage cash flows, and enhance returns. Aqualis is pronounced “aqua” like the color and “lis” like bliss.
The Role Aqualis Partners is seeking an Investment Associate to join its investment team in Darien, Connecticut. This is a full-time, on-site role with meaningful responsibility across the full investment lifecycle.
The Associate will work directly with senior investment professionals on sourcing, evaluating, executing, and monitoring private equity secondaries transactions. The role offers immediate exposure to live deals and the opportunity to take ownership of core analytical and diligence work in a growing platform.
Key Responsibilities
Evaluate LP-led and GP-led secondaries opportunities across private equity funds and portfolios
Manage a team of Analysts
Build and maintain detailed financial models, including cash-flow forecasting, scenario analysis, and valuation work
Conduct investment due diligence, including fund analysis, GP assessments, market research, and external diligence coordination
Prepare investment memoranda and supporting materials for internal review and investment committee discussions
Participate in transaction execution, including data room review, coordination with counterparties, and support through closing
Monitor existing investments and assist with portfolio analysis, reporting, and performance reviews
Attend GP annual meetings and secondaries industry events
Support fundraising, investor materials, and ad-hoc strategic initiatives as needed
Qualifications
3–5 years of experience in private equity secondaries; experience in other related areas such as direct private equity, co-investments, investment banking, or investment consulting will also be considered
Strong financial modeling, valuation, and analytical skills
Solid understanding of private equity fund structures and transaction dynamics
Exceptional attention to detail with the ability to produce high-quality work under time pressure
Strong written and verbal communication skills, including the ability to clearly articulate investment views
High proficiency in Excel and PowerPoint; experience with data analytics tools is a plus
Self-starter mentality, ability to work in an entrepreneurial environment, with sound judgment and a collaborative mindset
Bachelor’s degree from a top institution with a strong academic record; advanced degree or CFA a plus
Candidates must have full right to work in the United States, without current or future visa sponsorship
Why Aqualis?
Direct exposure to live secondaries transactions from day one
Lean, highly collaborative team with significant responsibility and visibility
Opportunity to grow with a newly established firm and help shape its investment platform
Competitive compensation commensurate with experience
Apply Send your resume to careers@aqualispartners.com and reference the Investment Associate position in the subject line.
Referrals increase your chances of interviewing at Aqualis Partners by 2x.
Additional Details
Seniority level: Mid-Senior level
Employment type: Full-time
Industry: Investment Management
#J-18808-Ljbffr