Asset & Wealth Management, XIG, Union Bridge Partners Investment Team, Associate - New York, NY

Asset & Wealth Management · A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under su ...

Job description

Asset & Wealth Management

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and building meaningful relationships with our clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

External Investing Group (XIG)

XIG provides clients with investment and advisory solutions across leading hedge fund managers, private credit funds, private equity funds, real estate managers, public equity strategies, fixed income strategies and ESG (impact) strategies across all asset classes. XIG manages globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services. Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, co-investments, secondary-market investments and seed-capital investments. With over 400 professionals across 13 offices around the world, XIG provides manager diligence, portfolio construction, risk management, and liquidity solutions to investors, drawing on Goldman Sachs' market insights and risk management expertise. We extend these global capabilities to the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, high-net-worth individuals and family offices, for which we invest or advise on over $500 billion of alternative investments, public equity strategies and fixed income strategies. We are focused on diversity of thought and have team members with a wide range of backgrounds and professional experiences.

Union Bridge Partners

Union Bridge Partners is an opportunistic co-investment strategy that invests alongside the world's premier private credit and hedge fund managers in their high-conviction credit and special situations positions. The strategy has a flexible mandate and invests across public and private markets to identify situations that offer an attractive combination of risk and reward at any given time. The strategy seeks equity-like returns with credit-like risks in a variety of financial instruments across the capital structure including all forms of corporate debt (e.g., senior, subordinated, convertible and preferred), structured products and equity. Union Bridge sources co-investments from external alternative investment managers on the XIG platform. The investment team is composed of fundamental, bottom-up research-driven investors. Union Bridge Partners I is a drawdown fund with a six-year target fund life and began its investment period in January 2024. Union Bridge Partners II launched in January 2026 and is currently fundraising.

The Role

We are looking for an Associate to join the Union Bridge Partners investment team with a focus on corporate credit and special situations investments. The successful candidate will be involved in all aspects of the team's co-investments across corporate credit, regions and industries. The role will provide the applicant with an opportunity to develop their investment and leadership skills, and expand their industry relationships by leveraging the global network of premier alternative managers on the XIG platform that Union Bridge Partners typically co-invests alongside.

Responsibilities

• Conduct fundamental research on investment opportunities, including due diligence and financial modeling, drafting investment memoranda, and making investment recommendations to the Union Bridge Partners investment committee
• Manage deal execution, ongoing investment monitoring, and realizations
• Develop relationships with external alternative managers to source investment opportunities

Qualifications

• At least two years of experience in buyside investing roles in credit markets is strongly preferred but candidates with a banking background or research analyst background in credit will also be considered
• Preference for experience in high yield, leveraged loans, distressed credit or special situations
• Passion for investing with an interest in complex credit investments and understanding of relative value
• Strong accounting, financial modeling, and corporate valuation skills
• Strong oral and written communication skills
• Outstanding record of professional and academic achievement
• Excellent MS Excel and PowerPoint skills

Salary Range

The expected base salary for this New York, New York, United States-based position is $150,000-$225,0000. 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.

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
New York
JOB FUNCTION
Investing & Portfolio Management - Public
DIVISION
Asset & Wealth Management
SALARY RANGE
USD 100, ,000