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iCapital Network // fintech platform for alternative investment solns
 
New York City, United States    Posted: Wednesday, July 22, 2020
 
   
 
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JOB DETAILS
 

We are looking to hire a Portfolio Manager who will  be responsible for all portfolio management functions on behalf of an existing 40 Act registered private markets fund. This individual will sit within our Research & Diligence team, comprised of 11 professionals, & will also report into our Investment Product Development & Origination group, comprised of 6 professionals. The candidates primary responsibilities will include overall portfolio construction, evaluating & selecting co-investment & secondary opportunities in private equity & credit, as well as conducting diligence on prospective primary funds.

 The candidate will manage the overall composition of the fund & the optimal mix of investments based on strategy, geography, return profile, & private asset types. Additionally, you will maintain monthly cash projections including forecasting capital calls & distributions as well as managing the liquid component of the fund & the overall risk of the fund portfolio. 

 You will provide recommendations to an Investment Committee that has governing authority for all investment decisions. You will have responsibility for all decisions related to the percent of liquid assets held & the cash management of the fund.  Additionally, you will analyze & oversee the entire investment portfolio, including the state of both equity & credit markets on a regular basis & understand their effects on the portfolio.  You will determine the best investment strategies & opportunities for the fund, the proper allocations across investments, & will need to articulate the rationale for the all new investments to the funds board, stakeholders, & investors.

Responsibilities

  • Evaluate & select co-investments, direct investments, secondary investments & primaries in private equity & credit
  • Monitor all fund investments, engaging with the primary underlying managers on a regular basis & reviewing quarterly valuations for each investment
  • Manage the overall portfolio composition & weighting between strategies, geographies & investment types
  • Manage the liquidity of the fund & avoid excess cash reserves
  • Mange the risk exposure of the portfolio
  • Maintain records & files of all portfolio investment activities
  • Keep clients up to date on the state of the portfolio
  • Study market trends
  • Apply knowledge of trends to the fund, proposing changes or adjustments accordingly
  • Meet with investors to communicate how the fund is performing
  • Assist clients in understanding the fund & its investment merits
  • Consult with stakeholders & receive necessary approval prior to making any major changes to the portfolio
  • Attend annual meetings of main underlying GPs
  • Deliver presentations on the fund & recent market trends

Candidate Profile

  • At least 10 years of direct experience evaluating & making investment decisions with respect to direct deals, co-investments, secondaries & primary investments in private equity
  • Detailed knowledge of economic theory & financial terminology
  • Detailed knowledge of best in class investment & portfolio management practices
  • Professional & confident demeanor
  • Ability to communicate clearly & effectively & produce thoughtful fund commentary
  • Ability to translate financial language into laymans terms for explanatory purposes
  • Strong qualitative & quantitative analytical & problem-solving skills
  • Ability to make informed & logical management decisions
  • Strong interpersonal skills
  • Successful track record executing similar investments at a private equity firm, institutional LP, top-tier investment consultant, or fund of funds manager
  • Registered Fund experience is not required
 
 
 
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