Private Markets Investment Manager

New York State Insurance Fund; New York (NY); On-site; USD 225,000 - 239,000; Full time

Job summary

An established industry player is seeking a Private Markets Investment Manager to lead investment opportunities in a robust portfolio. This role involves designing diligence processes for private equity and credit, developing financial models, and mentoring junior team members. The ideal candidate will have extensive experience in investment analysis, risk management, and strong leadership skills. Join a supportive team that values diversity and fosters a collaborative environment, while contributing to impactful investment strategies that shape the future of the organization. This is an exciting opportunity to make a significant impact in a growing field.

Benefits

Competitive Compensation

Future Career Growth Potential

Open and Supportive Team-Based Environment

Plentiful Vacation, Personal, and Sick Leave Accruals

Paid State and Federal Holidays

Full Medical, Vision, and Dental

Retirement Options

Public Student Loan Forgiveness (PSLF)

Possibility of Telecommuting

Qualifications

• 5+ years in private markets investment with strong analytical skills.
• Experience in sourcing and evaluating private market fund opportunities.

Responsibilities

• Lead diligence for private market investments and assess fund managers.
• Develop analytical models and prepare investment memos.

Skills

Investment Analysis

Financial Modeling

Risk Management

Market Research

Leadership

Communication Skills

Analytical Skills

Education

Bachelor’s degree

Master’s degree in Business Administration

Tools

Excel

Bloomberg

CapitalIQ

eFront

Pitchbook

Private i Platform – MSCI

Python

Job description

Join to apply for the Private Markets Investment Manager role at New York State Insurance Fund (NYSIF).

New York State Insurance Fund (NYSIF) provided pay range

This range is provided by New York State Insurance Fund (NYSIF). Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$225,000.00/yr - $239,000.00/yr

Description

Duties Description

The New York State Insurance Fund (NYSIF), with over $20 billion of assets under management, is seeking an experienced private markets investment professional to execute investment opportunities in its growing, internally managed private markets portfolio. This position will report to the Private Markets Portfolio Manager.

Responsibilities Include, But Are Not Limited To

• Design and lead the diligence process for potential investments in private markets, including private equity, private credit and real assets.
• Establish a process to critically assess fund managers, their processes, and their risk management approaches and capabilities.
• Assist in sourcing and screening investment opportunities.
• Develop analytical and forecasting models.
• Prepare investment memos and create PowerPoint presentations related to investment recommendations, portfolio performance, and market updates.
• Help to design and develop policies, objectives and procedures for investing in alternative assets.
• Conduct market research to stay informed about market trends, economic conditions, and regulatory changes impacting private markets.
• Monitor and report on manager/portfolio performance relative to expectations.
• Build and maintain relationships with external consultants, general partners, limited partners, and other stakeholders.
• Assist in the evaluating and selecting external investment managers using qualitative and quantitative due diligence, including identifying potential opportunities with emerging managers and minority-owned firms.
• Mentor and guide junior team members, fostering a collaborative and high-performance culture.
• Support leadership on ad hoc projects related to strategy development, asset allocation and market studies.
• Perform other duties and responsibilities as assigned by management.

Minimum Qualifications

• Bachelor’s degree with strong academic qualifications.
• A minimum of five (5) years of experience in sourcing and evaluating primary and/or secondary private market comingled fund opportunities.
• Understanding of fund structures, accounting treatment and valuations.
• Experience in calculating rates of return, fees and carried-interest allocations.
• Advanced proficiency in Excel for developing M&A and fund cash flow models to facilitate analysis and forecasting.

Preferred Qualifications

• Master’s degree in Business Administration.
• Candidates who have obtained their MBA, Chartered Financial Analyst (CFA), or Chartered Alternative Investment Analyst (CAIA) credential.
• A foundation in manager research, selection and monitoring, and experience with alternative-asset execution through the primary and secondary markets (incl. co-investments).
• Excellent leadership and team management abilities.
• Strong analytical and quantitative skills, with ability to interpret complex financial data.
• Strong communication skills and attention to detail.
• Demonstrated high level of integrity and ethical standards in investment practices.
• Familiarity with industry financial tools such as Bloomberg, CapitalIQ, eFront, Pitchbook, Private i Platform – MSCI (f.k.a. Burgiss), and others.
• Proficiency in Python is a plus.

Additional Comments

For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.

Fringe Benefits

• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.
• Public Student Loan Forgiveness (PSLF).
• Possibility of Telecommuting.

NYSIF Commitment to Diversity, Equity, and Inclusion

The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at [e-mail].

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

General Business

Industries

Insurance