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Shubham JainSJ
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Shubham Jain

@shubhamjain18

Private Equity Fund Controller at Ares Management overseeing APMF, a $5B+ NAV fund, and its $1.7B syndicated credit facility.

India
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At Ares Management, I independently manage controllership for Ares Private Markets Fund (APMF), a $5B+ NAV private equity fund, as part of a lean India–US team. I oversee fund accounting, review fees and distribution waterfalls, and coordinate period-end close and audits.

I also oversee operational management of a $1.7 billion syndicated credit facility involving seven lenders, including liquidity analysis, funding forecasts, drawdowns, and repayments. I coordinate end-to-end closing activities for private equity investments ranging from USD 40 million to USD 750 million.

Previously, I was an Associate at Goldman Sachs and a Senior Analyst and Private Equity Analyst at Blackstone, supporting private equity and real estate fund accounting and reporting. I’m a Chartered Accountant and hold FMVA® and FTIP™ credentials, with experience in fund controllership, valuation, and financial analysis.

Experience

Work history, roles, and key accomplishments

Ares Management logoAM
Current

Associate

Sep 2024 - Present (2 years 2 months)

Private Equity Fund Controlllership

Independently managing controllership for Ares Private Markets Fund (APMF) — a $5B+ NAV Private Equity Fund— within a lean two-member India–US global team.

– Delivered end-to-end fund accounting and provided controllership oversight for externally administered public fund.
– Reviewed management fees, carried interest, expense allocations, and distribution wat

Goldman Sachs logoGS

Associate

Feb 2024 - Aug 2024 (6 months)

Managed accounting and reporting for $1B+ NAV across Private Equity and Real Estate funds, ensuring US GAAP compliance and audit readiness.
– Prepared and reviewed complex NAV calculations, financial statements, and investor reporting for large institutional funds.
– Oversaw management fees, carried interest, expense allocations, capital calls, and distributions with high accuracy.
– Directed cash

Blackstone logoBL

Senior Analyst

Blackstone

Jun 2023 - Dec 2023 (6 months)

Blackstone COE Wipro- Real Estate Private Equity Fund Accountant

1. Financial Reporting:
• Assisted in the preparation and initial review of Net Asset Value calculations.
• Contributed to the preparation of financial statements and associated reports with adherence to US GAAP accounting principles.

2. Fund Operations:
• Managed Management Fee, Carried Interest, Waterfall, and Expense Calculation

Blackstone logoBL

Private Equity Analyst

Blackstone

Jul 2021 - May 2023 (1 year 10 months)

Blackstone COE Wipro -Real estate Private Equity Fund Accountant

SC

Partner

Sharma Piyush & Company

Apr 2019 - Jun 2021 (2 years 2 months)

Sharma Piyush & Company (Chartered Accountant Firm)

1. Accounting:
• Analyzed monthly/yearly accounting records.
• Prepared Financial reports (trial balance, balance sheet, profit & loss statement) ensuring accuracy.
• Assisted in the implementation of new accounting software, contributing to enhanced data accuracy and reporting capabilities.

2. Project Financing:
• Prepared Ratio Analysis repor

Citi logoCI

Investment Banking Virtual Intern

Jun 2020 - Jul 2020 (1 month)

Major Tasks Performed

Institutional Banking
1.Prepare a company and Industry overview page and consider M&A (Merger and Acquisition) rationale
2.Prepare DCF (Discounted Cash Flow Model) Valuation and calculation of Discounted Free Cash Flow (DCF) , Discounted Terminal Value (DTV)and Enterprise Value (EV)

Investment Banking
1.Prepare a one-page company profile
2.Select the appropriate comparable

Corporate Finance Institute® (CFI) logoCC

FMVA Training

Corporate Finance Institute® (CFI)

Apr 2020 - Jul 2020 (3 months)

Financial Certification:
1. Completed FMVA (Financial Modeling and Valuation Analyst) program.
2. 200 hours of practical training through CFI (Corporate Finance Institute).
Continuous Learning:
1. Improvising knowledge on International CAPITAL MARKETS.
2. Learning through LinkedIn E-LEARNINGs.

S.C. Bapna & Associates logoSA

Article Assistant

S.C. Bapna & Associates

Sep 2014 - Sep 2017 (3 years)

Firm Info- S.C BAPNA & ASSOCIATES. is one of the leading chartered accountants firm in practice in Rajasthan , India...which is thriving and running successfully for more than 35 years.

1. Audit and Taxation:
• Worked in a department related to internal audit, statutory audit, indirect & direct taxation.

2. Documentation Review:
• Reviewed transactions, documents, reports, records, and policies

Education

Degrees, certifications, and relevant coursework

CC

Corporate Finance Institute® (CFI)

Power BI Financial Statements

Feb 2025

CC

Corporate Finance Institute® (CFI)

Portfolio Management for Retail Clients

Sep 2024

CC

Corporate Finance Institute® (CFI)

Networking, Prospecting, & Converting Leads

Sep 2024

CC

Corporate Finance Institute® (CFI)

Analyzing Growth Drivers & Business Risks

Aug 2024

CC

Corporate Finance Institute® (CFI)

Risk Management and Insurance Planning

Sep 2024

CC

Corporate Finance Institute® (CFI)

Comparable Valuation Analysis

Aug 2024

CC

Corporate Finance Institute® (CFI)

DCF Valuation Modeling

Aug 2024

CC

Corporate Finance Institute® (CFI)

Asset Classes and Financial Markets

Sep 2024

CC

Corporate Finance Institute® (CFI)

Communicating & Leading with Influence

Aug 2024

CC

Corporate Finance Institute® (CFI)

Coaching for Workplace Performance

Sep 2024

CC

Corporate Finance Institute® (CFI)

Economics for Financial Advisors

Sep 2024

CC

Corporate Finance Institute® (CFI)

Effective Business Writing

Sep 2024

CC

Corporate Finance Institute® (CFI)

Effective Communication for Client Facing Advisors

Sep 2024

CC

Corporate Finance Institute® (CFI)

Financial Planning Principles

Sep 2024

CC

Corporate Finance Institute® (CFI)

Behavioral Finance

Sep 2024

CC

Corporate Finance Institute® (CFI)

Leadership Effectiveness Program

Sep 2024

CC

Corporate Finance Institute® (CFI)

Mastering Client Discovery

Sep 2024

Corporate Finance Institute® (CFI) logoCC

Corporate Finance Institute® (CFI)

FTIP - Fintech Industry Professional , Finance and Technology

2023 - 2024

This course comprises 13 modules related to Fintech and a 2 hours final exam

CC

Corporate Finance Institute® (CFI)

Alternative Investments for Financial Advisors

Sep 2024

CC

Corporate Finance Institute® (CFI)

Leading Organizational Change

Sep 2024

CC

Corporate Finance Institute® (CFI)

Advanced Power BI

Dec 2024

Corporate Finance Institute® (CFI) logoCC

Corporate Finance Institute® (CFI)

FMVA- Financial modeling and Valuation Analyst , Financial Modelling

2021 - 2021

This training comprises 20 courses related to financial modelling and a 3 hours final exam

The Institute of Chartered Accountants of India logoTI

The Institute of Chartered Accountants of India

Master Degree || Chartered Accountant, Accounting and Finance

2013 - 2018

The technical knowledge gained from the course and practical exposure during the articleship will act as the bedrock of my professional career and prepare me for any role in corporate

University of Rajasthan logoUR

University of Rajasthan

Bachelor of Commerce - BCom, Rajasthan India

2013 - 2016

Gained advanced Knowledge in field of commerce in relation to subjects like Accounting & Business & Statisics, Economic Administration and Financial & Business Administration.

Subodh Public School logoSS

Subodh Public School

Jaipur Rajasthan india , Senior Secondary Education

2011 - 2013

Acquired understanding of basic concepts of commerce with detailed knowledge related to economy, finance and accounting

KS

Khetri Nagar Secondary School

Rajasthan india, Secondary Education

1998 - 2011

Actively participated in all kinds of sports activities
Participated in various debate competetions
Able to provide Ist position to Amberald House in Table Tennis Competetion

Tech stack

Software and tools used professionally

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