Associate, Private Strategies (Fund Investments) - Lazard Family Office Partners

Americas

Asset Management

New York

Lazard is one of the world’s leading financial advisory and asset management firms. Our people make the difference. With just over 3,000 employees, our tight-knit community allows for professionals eager to learn and willing to teach to connect and grow together. We believe that diversity, equity, inclusion, and allyship are not just business imperatives — they are central pillars of our employee experience. Our entrepreneurial culture and flat structure allow creative ideas and original concepts to drive our business forward — and for careers to take flight.

Lazard Family Office Partners, LAM’s wealth management business, collaborates with our clients to help solve and simplify the complexities of wealth, while delivering sophisticated investment solutions and advice. We combine years of history and experience to help preserve and grow our clients’ wealth across generations.

The principal areas of focus with clients are strategic advice and planning, investment management and direct private investments. Working in partnership with families, we customize an investment process that meets their specific needs. We often serve the role of Chief Investment Officer overseeing third-party managers as well as direct private equity investments and help coordinate a variety of non-investment related needs. Our investment management services seek to provide clients the global, multi-asset, multi-manager investment platform that traditionally was only available to large institutions such as top-tier endowments and foundations. We also offer comprehensive wealth creation and legacy building services to help clients efficiently achieve their lifestyle, philanthropic and inter-generational goals.

We are seeking an Investment Associate, Private Strategies focused on private market investments to help evaluate and manage our client’s portfolios. Private investments will broadly include private equity, venture capital, real assets, and illiquid credit asset classes if needed.

We’ll trust you to:

• Act as a key member of the Investment team in all aspects of the investment process, including: participating in meetings with existing and prospective managers; developing quantitative and qualitative evaluation of investment opportunities; supporting and defending investment views; analyzing performance and portfolio characteristics, and preparing investment recommendations for the Investment Committee
• Assist in conducting due diligence on new and existing private fund and direct co-investments
• Conduct industry and market research to help identify and assess trends.
• Assist in the preparation of quarterly portfolio and market reviews; evaluate existing fund managers; maintain manager exposure and attribution spreadsheets; present findings to investment team
• Perform ad-hoc analysis and research related to client requests regarding direct investments, third-party managers and/or underlying markets
• Attend investment manager meetings; write and maintain meeting notes.
• Maintain Salesforce database, including managers, funds, contacts and pipeline
  
  

You’ll need to have:

Background in investment management or other finance-related or analytically-oriented experience

• Bachelor's degree in economics, accounting, finance, or related field preferred
• 2-4 years’ experience at a financial institution, valuation firm, endowment/foundation, family office or fund of funds
• Ability to work proactively and independently as a member of a small, flat, cohesive team with limited supervision
• Outstanding attention to detail, with ability to perform and prioritize multiple tasks simultaneously while meeting or exceeding deadlines
• Well-developed quantitative and analytical skills
• Strong proficiency in Microsoft Office Suite
• Exceptional interpersonal, communication and presentation skills
• Collegial, collaborative mindset
• A belief in continuous improvement
• Ability to participate in some domestic and international travel
  
  

What We Offer

We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.

We expect the base salary range for this role to be approximately 115,000 - 140,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant’s years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role. Base salary is one component of Lazard Asset Management’s compensation package, which also includes comprehensive benefits and may include incentive compensation.

Does this sound like you?

Apply! We’ll get in touch on the next steps.

Inclusion at Lazard

Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

Our appreciation of diversity’s strength is ingrained in our multicultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for 175 years.

The ongoing cultivation of an inclusive culture are essential to our continued growth. We are committed to sustaining an environment in which all employees – regardless of socioeconomic status, race, ethnicity, nationality, religion, gender, gender expression, sexual orientation, physical abilities, veteran or military status – can maximize their individual potential, as well as our collective success.