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

Job-ID: 185051Category: AssociateLocation: New York, NY, United StatesPosted: 2026-09-23ABOUT GOLDMAN SACHS ALTERNATIVESGoldman 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 OVERVIEWHybrid 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.RESPONSIBILITIESEngaging 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 thesesParticipating in structuring, negotiating, and documenting investmentsCommunicating and defending investment theses to internal stakeholders and committees, including relevant Asset Management and Firm‑wide Investment CommitteesActively monitoring existing investments in the portfolioOriginating 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 stakeholdersSKILLS & EXPERIENCE REQUIREDInvestment Banking or Principal Investing candidate with 2 - 4 years of experienceStrong 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 institutionPrior work experience in private equity or private credit is a plusStrong quantitative, financial modeling, analytical, and problem‑solving skillsPassion for investing with an interest in complex credit and equity investmentsFlexible and creative mindset; ability to analyze a variety of industries and businessesConfident verbal and written communication and interpersonal skillsSolid work ethic and high levels of motivationExcellent MS Excel skills essential and knowledge of MS PowerPointAbility to self‑direct, analyze and evaluate, and form independent judgmentsExcellent organizational skills and attention to detailSalary Range The expected base salary for this New York, NY, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.