Senior Associate – Healthcare Investment Team

Job Description

Private Equity Senior Associate | LLR Partners

The Tone:
This is a full-time role at LLR Partners, located in Philadelphia. LLR Partners is a lower middle market private equity firm focused on investing in software and tech-enabled companies within the knowledge economy. This role is a meaningful opportunity for an investment professional to help identify, evaluate, execute, and support investments in growing software, technology, and healthcare businesses across the lower middle market. The individual will be a core member of LLR’s deal team, contributing across the full investment lifecycle with increasing responsibility for shaping investment theses and driving workstreams.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Philadelphia, PA

• Team: Core member of LLR’s deal team, with significant exposure to senior investment professionals.
• Mission: Help identify, evaluate, execute, and support investments in growing software, technology, and healthcare businesses across the lower middle market.

What You’ll Actually Do
• Evaluate new investment opportunities across SaaS and Healthcare markets, including platform investments, add-ons, growth equity investments, recapitalizations, and buyouts.
• Develop research-driven investment theses by identifying attractive markets, mapping competitive landscapes, assessing market structure, and forming a view on where LLR can create differentiated value.
• Conduct comprehensive investment analysis, including financial modeling, valuation, unit economics, cohort analysis, customer and revenue quality, market sizing, competitive positioning, and assessment of key business drivers.
• Support and increasingly lead diligence workstreams, coordinating third-party diligence, reviewing data rooms, tracking progress, and summarizing key findings.
• Create clear and persuasive investment materials, such as investment committee memos, market maps, company profiles, diligence summaries, and internal discussion materials.

The Must-Haves
• Background: An undergraduate degree with strong academic achievement. This role requires a strong foundation as an investment professional with core domain knowledge in investment banking and private equity.
• Experience: 4-7 years of relevant investment experience, ideally comprising 2-3 years of investment banking experience followed by 2-3 years of private equity experience. Direct experience evaluating, conducting diligence, and executing investments in healthcare, software, technology, B2B SaaS, or tech-enabled services is essential.
• Skills: Strong financial modeling, valuation, and analytical skills, with the ability to translate quantitative work into clear investment insight. Demonstrated commercial judgment to identify critical issues, form a clear viewpoint, and communicate implications to senior decision-makers. Excellent written and verbal communication skills for creating clear, concise, and persuasive investment materials. Strong interpersonal skills and credibility for engaging effectively with management teams, bankers, advisors, and internal stakeholders, coupled with a high degree of ownership and intellectual curiosity.
• Bonus: Experience with lower middle market companies is strongly preferred. Candidates must be Philadelphia-based or willing to relocate to Philadelphia.