Private Equity Associate
TOBIN CAPITAL GROUP
Perpetual Growth, Unbounded Excellence
Note: Applications must be submitted through LinkedIn and the Google Form at https://forms.gle/Z1Kak7hWtC2qpcUX6. Apply by 6/13/2026.
Position: Private Equity Associate – San Francisco, CA. Mandatory 5 Days in Office.
Compensation & Benefits: Up to $150k, subject to experience, and carried interest across multiple funds. Full benefits (including 100% employer contribution on health insurance).
Background: Tobin Capital Group (TCG) is a Stanford Graduate School of Business-founded, tech-enabled real estate private equity firm and operating company. As part of its ethos, TCG leverages cutting edge technology, such as Claude, in all workflows. TCG owns and operates ~$450M in real estate. TCG has launched its second fund and aims to 5x its real estate portfolio within five years.
TCG is Committed to Providing the Associate:
- Meaningful Investing Experience: You will source potential deals, develop investment theses, lead key diligence workflows, and grow our portfolio
- Broad Exposure: You will contribute to all aspects of a rapidly growing real estate portfolio with a world-class team
- Powerful, Cutting Edge Toolkit: You will receive access to tools and systems at the forefront of technological development
- Mentorship: You will receive recurring, structured formal mentorship and feedback from peers and executive team
Key Responsibilities:
Sourcing
- Monitor and maintain proprietary sourcing systems to find deals across the U.S.
- Build industry relationships to gain access to off-market deals
- Discover attractive, privately held assets and pre-emptively provide owners with offers to side-step the traditional broker-led process
Initial Screening
- Perform rapid deal screening on inbound opportunities, preparing concise investment summaries and recommendations for VP & CEO review
- Conduct rigorous market analysis for target assets
- Conduct on-site tours of acquisition targets and nearby competitors to develop in-depth understanding of property condition and competitive landscape
- Build and maintain screening models to evaluate pricing, return profiles, and strategic fit
Financial Modeling & Quantitative Analysis
- Build and maintain sophisticated, dynamic acquisition models including levered/unlevered IRR, equity multiples, and scenario/sensitivity analyses
- Model complex capital structures, waterfall distributions, financing scenarios, and joint venture structures
- Stress-test assumptions across multiple macro and property-level scenarios to identify key value drivers and risks
- Analyze rent rolls, historical financials, operating expense benchmarks, and occupancy trends
- Analyze historic demographic data and growth dynamics
Due Diligence Coordination
- Lead and manage all aspects of property-level and market due diligence, including physical inspection coordination, title review, environmental reports, and zoning analysis
- Coordinate third-party vendor engagements (appraisers, engineers, environmental consultants, surveyors) and manage deliverable timelines
- Review purchase and sale agreements, loan documents, operating agreements, and leases and provide insights / comments to VP and CEO
- Interface with legal counsel, lenders, and sellers to facilitate an efficient diligence and closing process
Investment Committee & Closing Support
- Prepare Investment Committee memoranda and presentation materials; present findings and recommendations independently as required
- Manage closing checklists, condition satisfaction, and coordination across all transaction parties through to a successful close
- Support post-close asset management activities and collaborate with operations team
Qualifications:
Education: Bachelor’s Degree. Major Agnostic, Emphasis on Demonstrated Excellence.
Experience: 2+ years of Private Equity, Investment Banking, Financial Consulting, or Real Estate experience preferred.
Skills:
- Proven ability to work on teams.
- Superb communication skills (written, verbal, public speaking) and emotional intelligence.
- High integrity, strong work ethic, and meticulous attention to detail.
- Ability to work in a fast-paced environment and solve dynamic problems on a global scale.
- Willingness to work with, integrate, & leverage the most recent technological tools, such as Claude
- Hunger to learn, bias to action, and a humble “can do” attitude.
- Outstanding analytical, quantitative, and technical skills (incl. Excel, PowerPoint, Word).