Credit Academy Participants:
To apply for any of the roles below, you must complete the following:
Either the general or private case study.
Financial modeling exercise.
Please request case studies and other resources here.
PLEASE NOTE: Your resume will not be submitted unless you complete a case study and a debrief with a coach.
AIFP Fellows:
PLEASE NOTE: If you are not through the entire application process as an AIFP Fellow, or are an active participant in another Alternative Investments Program, your resume and application will not be submitted.
CURRENT ROLES
American Securities is a leading U.S. private equity firm with approximately $26 billion under management. Based in New York with offices in Shanghai, the firm invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. Our mission is to generate superior returns by making investments in great businesses and helping management better them.
Last Updated – 1/14/2026
Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2024, Ares Management Corporation's global platform had approximately $428 billion of assets under management with approximately 2,900 employees operating across North America, Europe, Asia Pacific and the Middle East.
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Qualifications:
Bachelor’s degree or international equivalent require.
Minimum of 1.5 years of relevant investment banking or principal investing experience by the start date.
Strong intellect with solid quantitative, financial and analytical skills.
Advanced MS Excel modeling skills (v-lookup, macros, pivot tables) and MS PowerPoint skills.
Self-motivated and driven; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment.
Creative problem solver.
Exceptional interpersonal skills.
Impeccable integrity and trustworthiness.
Bain Capital is one of the world’s leading private investment firms. They are committed to creating lasting impact for their investors, teams, businesses, and the communities in which they live. As a private partnership, Bain leads with conviction and a culture of collaboration, advantages that enable them to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Their global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, Bain Capital brings deep sector expertise and wide-ranging capabilities.
Last Updated – 1/14/2026
Last Updated – 1/14/2026
BDT & MSD is an American merchant bank that is co-headquartered in Chicago and New York City. The firm has both an advisory platform and an investment platform. We are distinguished by our decades of experience advising at the intersection of founders, families, and businesses, as well as by our differentiated capital base and culture of aligned investing. As of January 2025, BDT & MSD manage an excess of $50 Billion in AUM.
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm's private equity team invests in well-positioned, growing companies across business & consumer services, healthcare, industrials, and technology & communications. Berkshire is currently investing from its Fund XI, which held its final closing in 2024 with approximately $7.8 billion in commitments. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests.
Last Updated – 1/14/2026
Qualifications:
Role is only considering applicants with consulting background.
The Carlyle Group (NASDAQ: CG) is a global investment firm with $474 billion of assets under management and more than half of the AUM managed by women, across 660 investment vehicles as of September 30, 2025. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,400 professionals operating in 27 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Carlyle AlpInvest - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 12/8/2025
Last Updated – 12/8/2025
Qualifications:
2 years of experience within Investment Banking, Private Credit and/or Private Equity
Advanced corporate finance skills, including detailed, bottoms-up financial modelling and
valuation assessment
Bachelor’s Degree and GPA of 3.5 or above
Excellent interpersonal skills and the ability to be a team player; we put emphasis on teamwork
and building a strong culture
Familiarity with credit documentation and structuring aspects of transactions
Self-starter; confidence in asking questions, ability to work independently in a fast-paced
environment, and takes initiative to drive projects forward
Solid organizational skills, high attention to detail and ability to prioritize
Ability to juggle multiple workstreams and manage deadlines in a fast paced market-driven
environment
Passion for investing in both private and public markets, intellectual curiosity and willingness to
learn
Last Updated – 12/8/2025
Last Updated – 12/8/2025
Last Updated – 12/8/2025
Last Updated – 12/8/2025
Last Updated – 12/8/2025
Last Updated – 12/8/2025
*Secondaries and Portfolio Finance is one team, but they have some folks who are more Secondaries focused and others who are more Portfolio Finance focused, so they run two separate interview processes. The Portfolio Finance side really likes candidates with credit backgrounds!
Last Updated – 12/8/2025
*Secondaries and Portfolio Finance is one team, but they have some folks who are more Secondaries focused and others who are more Portfolio Finance focused, so they run two separate interview processes. The Portfolio Finance side really likes candidates with credit backgrounds!
Centerbridge Partners is a global alternative investment manager founded on the complementary relationship between Private Equity, Private Credit and Real Estate investing through the full investment cycle.
Last Updated – 12/2/2025
Clearlake is a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies. Founded in 2006, the firm has more than $90 billion of assets under management and has led or co-led over 400 investments globally. With deep knowledge and operational expertise across the technology, industrials, and consumer sectors, Clearlake seeks to partner with experienced management teams, providing patient, long-term capital and aiming to drive value through its active hands-on operating approach, O.P.S.® (Operations, People, Strategy).
Last Updated – 12/2/2025
Last Updated – 1/14/2026
DKP is a leading global alternative investment management firm, specializing in credit, distressed debt, and event-driven strategies. With over $30 billion in assets under management (AUM), the firm serves a diverse range of institutional clients, including pension funds, endowments, foundations, and sovereign wealth funds. Davidson Kempner employs a highly analytical, research-driven approach to investing, combining deep fundamental research with a disciplined, long-term investment philosophy. The firm focuses on generating attractive risk-adjusted returns by leveraging its expertise in complex investment opportunities across a variety of asset classes and markets. Davidson Kempner is known for its strategic, opportunistic investments, which are informed by a thorough understanding of credit cycles, distressed assets, and special situations.
Last Updated – 1/14/2026
Qualifications:
The ideal candidate will have 1-4 years of hedge fund, private equity, distressed investing, infrastructure, investment banking, and/or restructuring banking experience. They will be able to bring complementary skills to the current team. Given DK's belief that some of the best talent comes from hiring non-real estate investors into the sector, they wish to be flexible on the precise ‘specialism’ the hire possesses.
The position requires the ability to handle complex investments, an ability to efficiently prioritize tasks, as well as excellent modeling and communication skills.
GIP is a leading global independent infrastructure fund manager. We target infrastructure businesses and assets in energy, transportation, digital, water and waste sectors where we believe our expertise and relationships provide a competitive advantage.
Last Updated – 11/4/2025
Kohlberg’s Investment Partners, whose average tenure at the Firm is greater than 20 years, along with our broader Investment Team, are complemented by an Operating Team of 17 experienced professionals, comprising seven dedicated Operating Partners as well as 10 Operating Executives, Operating Advisors and functional experts. In addition to our investment team, we have dedicated professionals with expertise in finance, talent development, capital markets, operations, investor relations, consulting, legal, sustainability and other functional areas.
Last Updated – 12/1/2025
Qualifications:
2 years of banking experience.
Demonstrates interest in moving to a Private Credit role.
Able to work in person 4 days a week and remote on Fridays.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Last Updated – 1/14/2026
L Catterton's funds have made more than 275 investments in leading consumer brands across all segments of the consumer industry. With approximately $37 billion of assets under management dedicated to growing middle market companies and emerging high-growth enterprises, we believe we are the largest and most experienced consumer-focused private equity group in the world.
Last Updated – 12/2/2025
LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles with approximately $75 billion of assets under management*. Our firm partners with experienced management teams and often with founders to invest in market-leading companies. We primarily focus on services, including consumer, healthcare, and business services, as well as distribution and industrials.
Last Updated – 1/14/2026
Last Updated – 12/2/2025
Odyssey is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends.
Last Updated – 12/2/2025
Palladium Equity Partners invested in more than 220 companies (41 platforms and more than 180 add-ons). With over $3 billion in AUM, the firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital and strategic guidance. The partners of the firm have meaningful experience in consumer, services, industrials, and healthcare businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population.
Last Updated – 1/14/2026
Reverence Capital Partners a private investment firm focused on three complementary and synergistic businesses: (i) thematic investing in leading global, middle-market financial services businesses through control and influence-oriented investments, (ii) structured credit and credit-related investments, and (iii) real estate solutions.
Last Updated – 1/14/2026
Last Updated – 1/14/2026
Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth. Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams.
Last Updated – 1/14/2026
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $76.3 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate.
Last Updated – 1/7/2026
Last Updated – 1/7/2026
Last Updated – 1/7/2026
ASSOCIATE - Generalist (2026) (Miami, FL)
Last Updated – 1/14/2026
ASSOCIATE - Generalist (2026) (NYC)
Last Updated – 1/14/2026
THL is a Boston-based private equity firm investing in middle-market growth companies in three industry groups: Financial Technology & Services, Healthcare, and Technology & Business Solutions. We partner with management teams to build great companies of lasting value and strive to generate superior returns for our investors. Since 1974, we have raised more than $36 billion of equity capital, invested in over 170 companies and completed more than 675 add-on acquisitions representing an aggregate enterprise value at acquisition of over $260 billion.
ASSOCIATE - Financial Technology & Services (2026) (Boston, MA)
Last Updated – 12/3/2025
THL is seeking to recruit Associates for 2026 start dates in Boston. Financial services stands at a crossroads. Digital transformation offers new opportunities for innovative companies to help their clients navigate a changing world. As one of the earliest private equity investors in fintech, with more than 25 years of experience, Bain has a long history of helping their partners drive growth.
ASSOCIATE - Technology and Business Solutions (2026) (Boston, MA)
Last Updated – 12/3/2025
THL is seeking to recruit Associates for 2026 start dates in Boston. Technology offers the solution to pressing challenges like supply chain constraints and labor shortages. It’s also the key to transforming markets as diverse as agriculture, e-commerce, manufacturing and healthcare. Bain brings years of experience partnering with management teams that stand at the forefront of digital transformation.
ASSOCIATE - Healthcare (2026) (Boston, MA)
Last Updated – 12/3/2025
THL is seeking to recruit Associates for 2026 start dates in Boston. The healthcare ecosystem stands at a critical inflection point. Patients and providers are each committed to achieving greater efficiency and quality of care. With nearly 40 years of experience as a healthcare investor, Bain embraces the opportunity to drive better results at a lower cost. That’s why they partner with market-leading companies to deliver transformational outcomes.
Thomas Bravo is one of the largest software-focused investors in the world, with approximately US$184 billion in assets under management as of March 31, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 535 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco.
ASSOCIATE - Private Equity (2026) (San Francisco, CA) (Miami, FL)
Last Updated – 1/7/2026
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $269 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
TPG’s success depends on our people, and we build and sustain our world-class team by creating an inclusive, supportive culture within the firm that seeks excellence and encourages humility and transparency. The quality of our investments and our ability to build great companies depend on the originality of our insights. Reaching our firm’s full potential means supporting every team member to bring the fullness of their unique perspective to their work and to our community. We are committed to a diverse, equitable, and inclusive workplace to foster diversity of thought and reflect the breadth of our limited partners and portfolio companies.
Last Updated – 11/21/25
QUALIFICATIONS:
Roughly 2-3 years of work experience at a leading investment bank (as an investment banker or desk analyst) or as an investment analyst at a buyside firm.
Bachelor's degree required.
Advanced analytical and quantitative skills, with deep understanding of corporate finance, valuation and accounting.
Demonstrated ability to independently lead workstreams, manage multiple projects simultaneously, and take ownership of deliverables in a fast-paced, dynamic environment.
Exceptional written and verbal communication skills, with the ability to synthesize and present complex ideas clearly to senior team members and external stakeholders.
Strong relationship-builder and team-oriented, with high EQ and ability to partner with others internally and externally.
High level of intellectual curiosity, initiative, and a genuine interest in credit markets and special situations investing.
Strong work ethic, ownership mentality, and ability to operate under pressure and meet tight deadlines.