Director Private Markets

The Director Private Markets is responsible for performing manager due diligence generating investment content and supporting the Private Market Consultant with client service relationships. The Director Private Markets will provide additional support on a range of other tasks as needed including but not limited to drafting effective RFP responses by providing data analyses and written responses independently. They will take the initiative to develop prospective client relationships in anticipation of building a book of business. They will present big picture research cases together with findings conclusions and recommendations internally and externally including to clients Boards and Committees. They will incorporate client portfolio considerations and demonstrate the ability to respond to questions effectively and in real time. They will lead all aspects of manager search and research projects from sourcing through assessment and final presentation internally and externally. They will assist or lead as needed on portfolio construction and analyses including regular presentation to clients and their committees recommending investments pacing plans performance updates.

Primary Responsibilities

• Provide coverage of existing and prospective managers in designated sub-asset class:
  • Buyouts
  • Credits
  • Growth Equity
  • Venture Capital
• Manager Research (65%):
  • Identify promising manager targets coming to market over the next 2-3 years
  • Proactively reach out to manager targets market Cerity Partners and its clients as potential LPs
  • Solicit information as required to diligence and form views on strengths & weaknesses of fund investment opportunities
  • Conduct Preliminary investment due diligence summarize findings and communicate views to team and clients
  • Conduct In-Depth investment due diligence write reports summarizing key strengths and weaknesses of fund investment opportunities and recommend high conviction managers with promise to generate attractive and top-quartile returns for investors
  • Stay current on sub-asset class dynamics both top-down and bottom-up based on manager insights
  • Maintain relationship with managers and monitor existing fund recommendations including assessment / views on fund amendments and re-ups to new funds
  • Provide support in delivering fund recommendations to clients as necessary
• Topical Research (5%):
  • Co-Lead Private Credit primer / approach and other Topics of Interest as necessary
  • Support PE Outlook
• Client Interface (15%):
  • Present findings and recommendations to clients (staff and committees) at discretion of Consultants
  • Research form view and respond to clients ad-hoc projects
• Marketing (15%):
  • Support RFP/business development activity as necessary
  • Attend prospective client pitches as necessary
  • Partner with General Consultants on delivery of Private Markets recommendations and marketing

Required Qualifications:

• Five or more years of experience in finance investments or relevant investment experience with private market exposure gained at an Investment Bank Private Equity Firm Fund of Funds Limited Partner or Private Equity Consulting Firm
• CFA charter or progress toward it is required
• A particular focus on creating and improving processes as it relates to investment management or similar services
• Bachelors degree in finance economics or other closely-related field
• Strong knowledge of Excel and familiarity with databases (i.e. Private-IQ)

Preferred Qualifications:

• Masters degree in finance or MBA preferred and CAIA are desirable

Skills and Competencies:

• Collaboration: Works cooperatively across the organization to achieve shared goals; partners with others credits contributions and builds trust and support.
• Effective Communication: Communicates effectively across settings and audiences; listens attentively adjusts messaging as needed encourages diverse ideas and writes clearly and concisely.
• Problem Solving: Applies rigorous logic and analysis to solve difficult problems; asks the right questions draws from diverse sources uncovers root causes and evaluates solution options thoroughly.
• Customer Focus: Delivers solutions that meet customer expectations; builds strong relationships with internal and external customers and uses first-hand insight to drive improvement.
• Decision Quality: Makes sound timely decisions by balancing analysis experience and judgment; considers all relevant factors and knows when a solution is sufficient.
• Financial Acumen: Understands key financial indicators and uses quantitative and qualitative analysis to evaluate strategic options and draw accurate conclusions.
• Builds Networks: Develops and maintains strong formal and informal relationships across functions and locations to exchange ideas resources and expertise.

Compensation Range:

$175000 - $250000

Why Cerity Partners:

Our people drive our success by working together to deliver exceptional service to our clients. Below is a glimpse of the key elements of our total rewards package:

• Health dental and vision insurance day 1!
• 401(k) savings and investment plan options with 4% match
• Flexible PTO policy
• Parental Leave
• Financial assistance for advanced education and professional designations
• Opportunity to give back time to local communities
• Commuter benefits

Cerity Partners is committed to providing an environment where all individuals can be their authentic selves. We are an Equal Opportunity Employer who respects each individual and supports the diverse cultures perspectives and experiences of our colleagues. We are dedicated to building an inclusive and diverse workforce and will not discriminate based on race religion national origin sex sexual orientation age veteran status disability status or any other applicable characteristics protected by law.

Cerity Partners is committed to working with and providing accommodations to applicants with disabilities or special needs. For those needing accommodations please reach out to Applicants must be authorized to work for any employer in the U.S.