Analyst / Associate, Infra/Real Assets Investment

Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co‑investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets.

Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide. 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.

• 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.

• 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 (e.g., 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.

• 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.

This job description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. You may be required to perform other job‑related duties as reasonably requested by your manager.

Pantheon is an Equal Opportunities employer, we are committed to building a diverse and inclusive workforce so if you're excited about this role but your past experience doesn't perfectly align we'd still encourage you to apply. We are committed to ensuring that all candidates have an equal opportunity to participate in the recruitment process.