Northern Trust is looking to hire an associate specialised in private equity secondaries in its Chicago offices, according to a posting on LinkedIn.
A spokesman for Northern Trust told Secondaries Investor that the new job will be on the 50 South Capital team, a wholly-owned subsidiary of Northern Trust launched earlier this year that specialises in private equity and hedge fund investments. Within private equity, 50 South Capital invests in buyouts, mezzanine debt, venture capital, distressed debt and secondaries.
The associate will be responsible for supporting the secondaries investment area for the private equity fund of funds team and will focus on sourcing, evaluating, modelling, pricing, closing and monitoring secondary private equity fund investments.
The position also requires to monitor industry trends and assist with preparing thought-leadership and presentation materials to investment committees, consultants and clients on the secondaries practice. The associate will also compile and evaluate information by participating in due diligence meetings and analysing track record data.
Northern Trust announced in June it had established 50 South Capital, which was formed from the Northern Trust Alternatives Group. The investment boutique is led by managing director Robert Morgan. It has about $4.3 billion in assets, including about $1.3 billion in assets under advisement.