Analyst/Associate

Purpose of the Position 

Pantheon Ventures is a global private markets investor with $119.6bn of assets under management and advice (Q325). Pantheon has invested in private markets for 40+ years and operates a global platform with 549 staff and 142 investment professionals across 12 offices worldwide. The firm serves ~1000+ client relationships globally and brings scale through deep manager coverage and experience.

Pantheon invests across private equity, infrastructure and private credit with discretionary AUM of $44bn, $27bn, and $10bn respectively. The Global Infrastructure team of 35 individuals are in London, New York, San Francisco & Singapore. The Investment Analyst/Associate will support the Global Infrastructure Investment team across deal execution (GP-led secondaries, LP portfolio secondaries, co-investments, and primary fund selection), portfolio monitoring and asset management.

Key Responsibilities: 

• Interrogate and maintain detailed financial models to evaluate investments (including discount cash flow, project finance and LBO analyses as relevant)
• Support due diligence by reviewing materials, undertaking sector and market work, and coordinating input from advisors and internal specialists
• Prepare clear investment materials for internal committees, including investment theses, downside cases, sensitivities and key risks and mitigants
• Support transaction execution, including process management, data room work, Q&A tracking, and support through legal documentation and closing
• Support monitoring of existing investments and underlying managers, including quarterly updates, KPI tracking and portfolio analytics
• Represent the team professionally with GPs, advisers and other counterparties, including attendance at meetings and industry events where appropriate
• Contribute to fundraising and client reporting materials, responding to investor and consultant requests in a timely and accurate manner

Knowledge and Experience Required:

• 2-5 years’ relevant experience, hiring at Analyst or Associate level depending on candidate experience and prior exposure
• Experience in infrastructure, energy, renewables, utilities, digital infrastructure, transport, or broader private markets investing, corporate finance, advisory, or asset management
• Strong financial modelling capability, including building and auditing models from scratch, structuring sensitivities, and producing clean, decision-ready outputs
• Strong understanding of valuation and deal mechanics, including drivers of returns, financing structures, and key diligence workstreams
• Undergraduate degree with strong academic performance, ideally in a numerate discipline; relevant professional qualification progress (eg ACA, CFA) is beneficial but not required
• Advanced Excel and PowerPoint, with strong attention to detail and a high standard of formatting and presentation
• Willingness to travel occasionally as required

Skills & Attributes

• Analytically rigorous, with a strong grasp of infrastructure fundamentals and key sub-sectors
• Sound commercial judgement, able to form, defend, and refine an investment view using data and clear logic
• Clear communicator, able to translate analysis into concise materials for senior decision makers
• Highly organised executor, comfortable running parallel workstreams, tracking detail, and delivering under time pressure
• Professional and confident with counterparties and advisors in meetings and diligence interactions
• Motivated by a fast-paced deal execution environment, able to perform under pressure with limited supervision
• Strong problem solving, influencing, and relationship building skills across internal teams and external stakeholders