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The Future of Private Markets Talent is Here: Carnegie NAVsec

Unrivalled expertise in sourcing and placing elite professionals within the high-growth world of NAV financing and GP-led secondaries.

Asset Management Recruitment London

What is Carnegie NAVsec?

Carnegie NAVsec is a highly specialised division of Carnegie Consulting, conceived and developed in response to the significant demand for talent within the sophisticated and rapidly expanding fields of NAV (Net Asset Value) financing and secondary markets. We function as the strategic talent partner for General Partners (GPs) and Limited Partners (LPs) across the Private Equity and Private Credit landscapes. Our focus is singular and precise: to identify, attract, and place the exceptional individuals who will lead and innovate in this complex and demanding sector. Led by Director James Holm, a recognised expert in this niche, Carnegie NAVsec offers a level of market insight and a professional network that is simply unmatched.

Why Carnegie NAVsec? The Confluence of Market Opportunity and Unmatched Expertise

The secondary market is no longer an alternative strategy; it has become a core component of the private markets ecosystem, with GP-led transactions alone accounting for roughly half of total secondary volume. This explosive growth has created a significant talent gap, where the demand for professionals possessing expertise in NAV-based and complex secondary structures far outstrips the available supply. It is precisely at this intersection of opportunity and scarcity that Carnegie NAVsec provides a decisive advantage.

We offer our clients:

  • Deep Market Visibility: A comprehensive, real-time understanding of the talent landscape, market trends, and compensation benchmarks.
  • An Enviable Network: Carefully cultivated, long-standing relationships with high-calibre professionals across Europe and the United States.
  • A Proven Track Record: A history of successful placements at all levels of seniority, from Associate to Partner, within the industry’s most respected firms.
Why Operational Value Creation is Private Equity’s New Competitive Advantage

Frequently Asked Questions

NAV financing is a form of fund-level leverage that enables a private equity fund to borrow against the net asset value of its investment portfolio. This provides a flexible and efficient source of capital that can be deployed for various strategic purposes, such as funding follow-on investments, accelerating distributions to limited partners, or optimising the fund’s overall capital structure.

A GP-led secondary transaction is a strategic process initiated by a General Partner (GP) to offer liquidity to existing Limited Partners (LPs), whilst simultaneously retaining ownership of high-performing assets. Typically, these assets are transferred into a new investment vehicle, commonly referred to as a continuation fund, allowing for an extended period of value creation under the GP’s stewardship.

This dynamic market offers a range of compelling opportunities for investment professionals. Key roles include those in origination, structuring, and execution, as well as portfolio and risk management. Professionals with a background in investment banking, particularly in M&A and structured finance, are highly sought after for their transferable skills.

The rapid maturation and increasing complexity of NAV financing and secondary transactions have created a demand for a unique combination of skills that is not yet widely available in the market. This includes a sophisticated understanding of valuation, fund structuring, mergers and acquisitions, and intricate stakeholder management, creating a significant demand-supply imbalance for qualified talent.

Secure Your Competitive Edge in the Private Markets

Whether you are a fund seeking to build a world-class team or a professional poised to make your mark in this dynamic sector, Carnegie NAVsec is your trusted partner. We invite you to connect with us today to explore how we can assist you in capitalising on the exceptional opportunities within NAV financing and secondaries.

Get in Touch

Our Areas of Specialisation

We support a diverse and sophisticated client base, from leading diversified multi-fund investment firms to niche boutique specialists and prominent family offices. Our core areas of expertise include, but are not limited to:

  • NAV Financing
  • GP-Led Secondaries
  • Private Equity Secondaries
  • Private Credit Secondaries
  • Investment and Product Specialist Roles

Download Our Guide to a Career in GP-Led Secondaries

Gain a comprehensive understanding of the GP-led secondary market, the reasons for its significant growth, and how to prepare effectively for interviews. Please provide your email address to receive your complimentary guide.

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Carnegie Consulting Ltd
25 Gerrard Street, London, W1D 6JL

Phone: 0203 3305890
Email: [email protected]

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353 Lexington Avenue 4th Floor Suite 400 #286
New York, NY 1001

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4.8 97 reviews

Operations Analyst at leading Asset Manager
"I can’t recommend Guy and Carnegie Consulting enough. Friendly, approachable, and professional; he did everything in his power to make the recruiting process as smooth as possible. Thanks Guy."
Catherine Davies, Head of Talent, Resourcing & Development, Tilney Group Ltd
"I have known Darren Reuben at Carnegie for over 20 years, I worked with him on a retained search for a senior Finance hire. This process ran incredibly well and I have since used Carnegie to hire two further positions within our business through Guy Steel and John Amey"
HR Director; Private Equity
"I worked with Richard on a number of occasions on finance and finance related roles. He was attentive, diligent and above all very focussed on our needs. He conducted searches with intelligence, utter integrity and was always professional and constructive. Consultants like him are a rare commodity."
HR Professional; Investment Management
"I found John Amey through a recommendation from a colleague I trust and respect. I am deeply satisfied with his care and professionalism. His relationship-based, high touch approach means less waste in resources and faster time to fill, which benefit all parties involved. I highly recommend engaging John for your recruitment needs."
Executive Assistant - Market Leading Direct Lending Firm
"Can’t recommend Carnegie highly enough! Clare was so efficient, thanks to her, just a few days after registering with her I started a job, that turned out to be my dream job at my dream company. Thank you again for your support, the recruitment industry needs more like you!"
Credit Portfolio Manager: Structured Lending – Football Finance
"Guy was extremely personable and supportive throughout the whole recruitment process. He was able to guide and advise me on key steps in securing a role, and I would definitely recommend Carnegie to peers in searching for new roles"
Private Equity Client & Candidate
I have known Darren and the team at Carnegie for many years now and have worked with them on a couple of fronts. For peers in the industry I also either recommend them to Darren if they are looking for a role personally or within their firm. Darren has been a great sounding board for us when we have been thinking about building the team out. Lastly, Darren is incredibly responsive, understands the candidates/companies needs"
Director; Real Estate Private Equity
"Richard is one of the most professional headhunters I have met. He also is extremely competent when it comes to negotiating the terms of an employment contract. If you are a company looking to recruit or a job seeker, I would highly recommend you speak to Richard. You will not be disappointed! He is smart, to the point, and very quick with execution."
George Ault
John Hindley at Carnegie placed me into my first private equity accounting role. He could not have been more understanding of what I was looking for. He provided great insight and advice and was very easy to communicate with throughout the process - a very nice guy. I would highly recommend him to anyone looking for a similar role - thank you John.
Karen Barnett Head of Human Resources at Merian Global Investors (formerly Old Mutual Global Investors); Karen was a client of Guy’s
“I have worked with Guy for over 10 years as our recruitment partner. He is an exceptionally good consultant, reliable, straightforward and gives you confidence that he will deliver. I can highly recommend Guy as someone that you would want recruiting for your business..”
COO; Asset Manager
"We have worked with Carnegie on a number of different assignments, including a number of Equity Research Roles, Sales & Marketing and the Private Client business. Carnegie has consistently provided a very high level of service and has demonstrated a very good understanding of our business and its recruitment needs."
Head of Finance & IT; Hospitality
"I have been in touch with Andrew for several years, and he assisted me with placing a good interim senior finance professional at very short notice. Andrew is very professional and well connected."
COO, Investment Management / Private Equity Boutique
“Guy is very well connected in the asset management industry, helping him source unique roles. He took the time to really understand my skills, experience, and aspirations. Guy was a pleasure to work with, and made the whole process very straightforward”
PM; Hedge Fund
"Guy has now successfully recruited 3 analysts into my team. He understands what we need as a business and, more importantly, gets that vital ingredient which is, of course, cultural fit. If you are looking to recruit a good PM team – look no further!"
Head of Performance, Global Asset Manager
"Guy’s approach to recruitment is perfect in my view. He goes out of his way to understand not only the company’s requirements in detail, but also those of the candidates, at which point he carefully selects the best candidates for the roles which ensure that everyone is happy. Guy is always the first person I go to when I am looking for someone new in the team."
CEO; Hospitality
"I have known and worked with Andrew for some time now and have always found him to be incredibly diligent and meticulous in his approach to business. Always personable and professional; Andrew builds and maintains very strong relationships with individuals, which drives loyalty and new opportunities."
Finance VP; Real Estate Private Equity
"Richard has been pleasure to work with and has extensive knowledge of the industry. He has always been readily available to discuss any aspects of my career and job progression and provided sound and valuable advice. His job recommendations were always in line with my own requirements. I look forward to working with him further in the future."
Senior HR Manager, Private Equity
"Darren has a thoughtful and constructive approach to each stage of the process. He gave me thorough briefings so I had a full understanding of the organisation."
CFO; Hospitality
"I had the opportunity to deal with Andrew as an executive candidate in the context of a cross-border assignment he was managing. I much appreciated Andrew’s availability, openness and care. I would definitely work with him again in either recruiter’s or recruitee’s positions."
Christopher Kirby
Chris is the stand-out recruiter for me both as a potential employer and as a candidate. I have receommended him to a number of colleagues over the years and the introduction has always ended postively. His down to earth and calm manner is a breath of fresh air from the hard sell competition and is proven to be far more successful as well"
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