Private Equity Associate (Thermal Power)

King & Sykes is recruiting on behalf of a leading infrastructure-focused private equity fund seeking an Associate to join its investment team, focused on power generation with an emphasis on thermal assets. This role offers exposure across the full investment lifecycle, including origination, execution, and portfolio management.

Key Responsibilities:

- Evaluate and execute investments across thermal power generation (natural gas, conventional power assets)

- Build and maintain complex financial models (project finance / LBO / operating models)

- Lead due diligence processes, including commercial, technical, and regulatory workstreams

- Support transaction structuring, financing, and negotiations

- Prepare investment memos and present to internal committees

- Monitor portfolio performance and support value creation initiatives

Qualifications:

- 1-4 years of experience in investment banking, private equity, or corporate finance

- Strong preference for experience in power, energy, or infrastructure (thermal generation highly desirable)

- Advanced financial modeling and valuation skills

- Strong analytical, communication, and presentation capabilities

Location: California