About the Job:

Blacklock Financial is partnered with a leading Pittsburgh-based private equity firm seeking to add a Private Equity Associate to its investment team. The firm invests across a broad range of industries with a particular focus on industrials, manufacturing, and business services, and is looking for a generalist investor with strong analytical skills and a passion for middle-market investing.

Responsibilities:

The Associate will support senior investment professionals across all stages of the deal lifecycle—from sourcing and evaluation through due diligence, execution, and ongoing portfolio management.

Specific responsibilities will include:

Screen, evaluate, and analyse middle-market investment opportunities across industrials and adjacent sectors, developing independent views on market attractiveness, competitive positioning, and value creation potential.
Lead financial modelling responsibilities, including detailed valuation work, operating model development, returns analysis, and scenario/sensitivity assessments to identify key value drivers and risks.
Support the due diligence process, coordinating with commercial, operational, financial, and legal advisors to assess target company fundamentals and validate investment theses.
Prepare internal investment materials, including memos, models, and presentations, and contribute to presenting recommendations to the Investment Committee.
Work closely with portfolio companies, supporting operational improvement initiatives, tracking financial and KPI performance, and contributing to strategic planning and value-creation efforts.
Conduct thematic and sector research across industrials, manufacturing technologies, supply chain/logistics, and other relevant markets to identify emerging trends and new investment themes.
Represent the firm at industry events and conferences, helping strengthen relationships with management teams, advisors, and the regional investment community.
Maintain internal deal tracking and market databases, ensuring accuracy and relevance of market intelligence and pipeline information.
Perform other responsibilities associated with executing the firm’s generalist private equity investment strategy.

Qualifications

Ideal candidates will have 1–5 years of experience in investment banking, private equity, consulting, or a related analytical discipline. Candidates should demonstrate strong technical capabilities and an interest in industrials and middle-market private equity investing.

Additional qualifications include:

Proven analytical and financial modelling skills, including comfort with valuation, capital structure, and transaction analysis.
Demonstrated transaction or project experience, ideally within industrials, manufacturing, business services, or other relevant sectors.
Excellent communication and presentation skills, with the ability to produce high-quality investment materials and articulate insights clearly.
Entrepreneurial, self-starting mindset with the ability to work collaboratively in a lean, high-performance team environment.
Strong sense of ownership and accountability, with enthusiasm for supporting value creation across portfolio companies.

Blacklock Group

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Private Equity Associate - Pittsburgh