Private Markets Investment Manager

New York State; New York (NY); On-site; USD 100,000 - 140,000; Full time

Job summary

The New York State Insurance Fund is seeking an experienced private markets investment professional to lead investment opportunities in its growing portfolio. Responsibilities include diligence processes, market research, and mentoring junior team members. The ideal candidate will possess strong analytical skills and a solid educational background.

Qualifications

• Minimum of five years experience in private market fund opportunities.
• Advanced proficiency in Excel for developing financial models.

Responsibilities

• Lead the diligence process for private market investments.
• Monitor and report on manager/portfolio performance.
• Mentor and guide junior team members.

Skills

Leadership

Analytical Skills

Communication

Education

Bachelor’s degree

Master’s degree in Business Administration

Tools

Excel

Bloomberg

CapitalIQ

Python

Job 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 Minimum Qualifications :

• Bachelor’s degree with a 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 (. Burgiss), and others
• Proficiency in Python is a plus

Some positions may require additional credentials or a background check to verify your identity.