Adams Street Partners ยท 1 day ago
Associate, Private Credit Operations
New York, New York, United States
Full-time
Onsite
Entry, Mid Level
$90K/yr - $115K/yr
2+ years expAdams Street Partners is a global private markets investment manager with $65 billion in assets under management. They are seeking an Operations Associate to join the Private Credit Operations team, responsible for managing the deal closing process, preparing fund level allocations, and coordinating with various teams and external parties.
Asset ManagementFinanceFinancial ServicesVenture Capital
Responsibilities
Manage the Private Credit deal closing process for new platforms and amendments, attend investment committee meetings, and work closely with the Investment Team to understand the deliverables required ahead of each deal closing
Prepare fund level allocations for new investments across the Adams Street Private Credit platform, and coordinate with the Investment Team and Portfolio Finance to optimize allocations across all of the portfolios
Coordination of the deal closing process with other groups across the organization: Investment Team, Legal, Accounting, Technology, etc., as well as with external parties such as borrowers, lenders, deal sponsors, and agents, in order to execute deal fundings in a timely manner
Create the deal closing flow of funds for new platforms, process DDTL and Revolver draw requests, coordinate with our sub agent on deals where Adams Street is named agent, review all agent produced loan notices for accuracy, set up new wire templates, enter outgoing wires in our treasury management system, monitor wire status and troubleshoot any funding issues, and prepare and distribute the final loan closing package
Responsible for booking new deals, amendments, upsizes, etc. in our portfolio management system, and ensure timely delivery of trade files and deal documents to our fund administrator
Resolve discrepancies on daily cash, position, and loan attribute reconciliation reports with fund administrators, loan agents, and counterparties, to ensure our books and records are in good order each day
Assist in the preparation of monthly and quarterly reports for Adams Street managed CLOs and ABLs, and other ad-hoc reporting requests
Manage all communications with our sub-agent, external loan agents, borrowers, lenders, and third-party administrators in response to inquiries about specific private credit investments
Provide daily support to the Investment Team and other groups across the organization
Qualification
Required
College graduate, ideally with a degree in Finance or Accounting
Minimum of 2-3 years of relevant work experience in loan operations
Proficient in use of Microsoft applications with advanced experience in Excel
Excellent written and verbal communication skills
Ability to multi-task in a fast-paced, high volume environment
Ability to prioritize and independently execute assigned projects
Ability to work independently and as a dedicated team-member
Maintain accuracy and quality when working within tight deadlines
Strong quantitative, analytical, critical thinking, and problem-solving skills
High degree of professionalism by exercising discretion, judgement, and honoring confidentiality
Preferred
Private Credit, BSL, and/or Loan Agency experience
Prior experience reviewing loan credit agreements, and ability to navigate and extract data
Prior experience with various types of loan facilities, including DDTLs and Revolvers
Prior experience with investment related applications preferred (Investran, Allvue, HazelTree, ClearPar, etc)
Benefits
Medical, dental, and vision coverage
A 401(k) with immediate vesting and employer match
Profit sharing
Flexible spending accounts (FSA)
Paid parental leave, including adoption
Generous paid time off
Commuter benefits
Employer-paid short- and long-term disability and life insurance
Access to additional voluntary benefits
Company
Adams Street Partners
Adams Street Partners operates as a global private market investment management firm.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Alicia Pando
Chief Technology Officer
Lena Pugh
Vice President
Recent News
2026-01-16
Private Equity Wire
2026-01-13
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