Associate - Wealth Management, Real Assets Private Markets: Co-investment & Fund Due Diligence

About the Role

This role is focused on supporting the evaluation and execution of infrastructure and real estate investments, primarily through co-investments and fund due diligence. The Associate will be responsible for thorough underwriting, financial modeling, coordinating multidisciplinary due diligence, and producing high-quality committee materials. Monitoring portfolio performance and managing governance processes are also key responsibilities.

Key Responsibilities

• Assist in underwriting infrastructure and real estate deals with a focus on validating key deal terms through GP-first assessment.
• Build and maintain detailed financial models such as asset- and project-level discounted cash flow analyses, capital structure evaluations, and scenario testing.
• Organize and coordinate various due diligence efforts including commercial, legal, technical, and tax aspects.
• Prepare clear and insightful Investment Committee documents including memos, notes, and diligence summaries highlighting risks, mitigants, and deal structures.
• Regularly monitor investment performance and associated risks by reviewing reports from general partners (GPs) and asset managers, engaging with sponsors on operational matters and exit strategies.
• Develop and improve portfolio monitoring tools and reporting, providing quarterly updates, valuation commentary, risk dashboards, and exposure analyses.
• Support governance and approval processes for key portfolio decisions.

Required Experience and Skills

• Strong knowledge of infrastructure and/or real estate investing with expertise in underwriting cash-flowing real assets, including assessing downside risks and exit strategies.
• Advanced proficiency in financial modeling: asset/project-level DCF, scenario and sensitivity analyses, capital structure modeling, and secondaries analytics such as NAV bridges and target IRR/MOIC pricing.
• Familiarity with real asset due diligence factors including contract structures, inflation linkages, concession terms, capital expenditure lifecycle (infrastructure), and NOI build, lease roll, cap rates, LTV/DSCR metrics (real estate).
• Excellent transaction management skills with proven ability to prioritize and manage multiple workstreams under tight deadlines.
• Superior written and verbal communication skills for creating concise investment committee materials and portfolio updates.
• Strong team collaboration capabilities and sound judgment operating within controlled approvals environment.
• Minimum of 4 years relevant experience in infrastructure, real estate, private equity investments, including direct investments, secondaries, co-investments, or investment banking roles.
• Bachelor's degree required, preferably in finance, economics, engineering, real assets or quantitative disciplines.

Preferred Qualifications

• MBA degree and/or professional certifications such as CFA or CAIA are advantageous.

About JPMorgan Chase

JPMorgan Chase is a leading financial institution with a history spanning over 200 years, offering a variety of financial services globally including investment banking, asset management, consumer and commercial banking.

Our comprehensive rewards package includes a competitive salary, potential commission or incentive compensation, and benefits such as health care, wellness programs, retirement plans, childcare, tuition reimbursement, mental health support, and financial coaching. Detailed compensation and benefits information will be shared during hiring.

We value diversity and inclusion, adhere to equal opportunity employment laws, and provide accommodations for disabilities and religious practices.

Additional Information

This opportunity resides within the Asset & Wealth Management division, which provides investment management and private banking solutions to individuals, families, and institutions with a focus on a broad range of asset classes.