Analyst, Fund Strategies

At PitchBook, a Morningstar company, we are always looking forward. We continue to innovate, evolve, and invest in ourselves to bring out the best in everyone. We’re deeply collaborative and thrive on the excitement, energy, and fun that reverberates throughout the company.

Our extensive learning programs and mentorship opportunities help us create a culture of curiosity that pushes us to always find new solutions and better ways of doing things. The combination of a rapidly evolving industry and our high ambitions means there’s going to be some ambiguity along the way, but we excel when we challenge ourselves. We’re willing to take risks, fail fast, and do it all over again in the pursuit of excellence.

If you have a good attitude and are willing to roll up your sleeves to get things done, PitchBook is the place for you.

About the Role:

As a member of the Editorial team, you will spend each day immersed in the private markets, aiming to help our customers be better investors, advisors, and market participants. The work you will do plays a direct role in the evolution of the industry! 

Everyone on our team is supported by a flexible work environment and a culture that promotes curiosity, collaboration, and professional development. We prioritize recognition and respect across all roles and have a high level of camaraderie. The fast-growing nature of our organization provides ample opportunity to advance in your career and explore what interests you. 

As we continue investing in the talent of our group, our coverage has evolved rapidly over multiple industries and geographies. Our insights are routinely cited by top-tier publications and sought after by prominent players in the financial markets. In addition to publishing timely market insights, we also partner closely with our Product, Engineering, and Data Operations teams to continually enhance our datasets and develop unique tools that have a material impact on our customers’ workflows. There is no better time to join us! 

Our Institutional Research Group is seeking an analyst to join our Fund Strategies team, which covers the breadth of private capital markets across fundraising, performance, and thematic research. As part of a small team, you'll have the opportunity to make a meaningful impact, sharpen your current analytical skills, gain valuable insight into a fascinating industry, and contribute to our best-in-class private capital research. The work produced by this team is used by thousands of private capital investors, investment banks, and service providers worldwide. Our team is innovative, motivated, and dedicated to delivering the most comprehensive research to our readers and clients.

Primary Job Responsibilities:

• Contribute to the team’s coverage of fundraising and performance trends in private funds, with the ability to write with authority about private capital markets

• Establish research frameworks to provide independent commentary, evaluations, and forecasts around our primary coverage areas, while identifying unique themes that may impact private markets

• Utilize proprietary PitchBook data and other external sources to inform and develop original research

• Write and edit research reports as directed by the team pipeline and publishing calendar

• Manage direct-to-client distribution channels for published notes

• Work closely with PitchBook Institutional Research Group (PIRG) data analysis team to identify unique datasets to support research

• Develop and manage relationships with both client and non-client industry professionals to help support primary research efforts

• Manage and respond to inquiries from clients, press, internal colleagues, and the general public regarding published research

• Support written research efforts through speaking engagements such as PitchBook webinars and podcasts

• Support the vision and values of the company through role modeling and encouraging desired behaviors

• Participate in various company initiatives and projects as requested

Skills and Qualifications:

• Bachelor’s degree in Finance, Business Administration, or Economics preferred

• Progress toward achieving a CFA or CAIA designation a plus

• 3+ years of experience in investor relations, deal teams, investment consulting, equity research, investment banking, or other related financial services roles, with a preference for someone with exposure to private capital markets

• Strong interest in private financial markets. Familiarity with the investment process and the key stakeholders of the private capital landscape (GPs, LPs, fund types)

• Thorough understanding of private investment strategies (buyout, VC, private credit), performance and cash flow metrics (IRR, return multiples, time-weighted returns, distributions, NAV, risk-return relationships), and portfolio management (allocations, liquidity, capacity)

• Knowledge of the secondaries market and evergreen fund structures is a plus

• Experience writing long-form data-driven research and ability to work in a fast-paced, deadline-sensitive editorial environment

• Critical and analytical thinker

• Detail-oriented with an excellence mindset

• Superb written and verbal communication skills

• Experience in the PitchBook platform and Morningstar Direct is a plus

• Proficiency with the Microsoft Office suite, including in-depth knowledge of Excel, and the ability to pick up new systems and software easily

Benefits + Compensation at PitchBook:

Physical Health

• Comprehensive health benefits

• Additional medical wellness incentives

• STD, LTD, AD&D, and life insurance

Emotional Health

• Paid sabbatical program after four years

• Paid family and paternity leave

• Annual educational stipend

• Ability to apply for tuition reimbursement

• CFA exam stipend

• Robust training programs on industry and soft skills

• Employee assistance program

• Generous allotment of vacation days, sick days, and volunteer days

Social Health

• Matching gifts program

• Employee resource groups

• Subsidized emergency childcare

• Dependent Care FSA

• Company-wide events

• Employee referral bonus program

• Quarterly team building events

Financial Health

• 401k match

• Shared ownership employee stock program

• Monthly transportation stipend

*Please be aware the above PitchBook benefit and perk offerings are subject to corresponding plan and policy documents and may change during the course of your employment.

Compensation

• Annual base salary: $120,000-$145,000

• Target annual bonus percentage: 7.5%

Working Conditions:

At the heart of our company is a belief in the power of in-person collaboration. Being together in the office fuels our creativity, strengthens our connections, and drives the innovation that sets us apart. Our culture is built on spontaneous moments—those hallway conversations, whiteboard brainstorms, and shared celebrations in each of our global offices—that simply can’t be replicated remotely. This role is expected to be in the office 5 days a week.

The job conditions for this position are in a standard office setting. Employees in this position use PC and phone on an on-going basis throughout the day. Limited corporate travel may be required to remote offices or other business meetings and events.

We are excited to get to know you and your background. Concerned that you might not meet every requirement? We encourage you to still apply as you might be the right candidate for the role or other roles at PitchBook.

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