Minimum Qualifications Basic Qualifications:
Bachelor’s degree with strong academic qualifications; an MBA or CFA designation is preferred. Candidate should have a minimum of 7-10 years of experience in alternative-asset investments, with knowledge of the full spectrum of investment options, including private equity, private debt and real estate; familiarity with leading managers, investment processes, operations, and compliance protocols; an understanding of fund structures, accounting treatment and valuation; experience in calculating rates of return, fees and carried-interest allocations. Minimal travel required.
Seeking candidates with the following attributes:
• Goal-oriented individual with solid organizational skills
• Strong quantitative skills and analytical ability
• Compelling presentation skills, and outstanding verbal and written communication skills
• A foundation in manager research, selection and monitoring, and experience with alternative-asset execution through the primary and secondary markets (incl. co-investments)
• Ability to work well independently and with potential asset managers or deal teams
Duties Description In February 2022, the New York State Insurance Fund (NYSIF) was listed as the 37th Best Midsize Employer in America by Forbes. The New York State Insurance Fund (NYSIF), with over $20 billion of assets under management, is seeking a seasoned investment professional to spearhead its initial foray into alternative assets. NYSIF’s initial alternative-assets focus is expected to include private equity, real estate and private credit. This represents a unique opportunity to join a dedicated team of investment professionals and help chart the Fund’s future direction in the asset class. This position reports to the Chief Investment Officer. Salary will be commensurate with experience.
The Private Markets Portfolio Manager will assist with the design and implementation of a strategy for private-market assets, real assets and other alternative asset classes for the Fund. Responsibilities will include identifying and analyzing investment opportunities in the alternative assets area; assisting with policy creation and implementation; preparing investment memoranda; and actively monitoring all alternative-asset holdings. The person will assist with asset allocation, especially as it relates to sub-asset classes within alternative assets; actively contribute to vetting potential fund managers; and participate in meetings with the Investment Committee of the Board.
Specific duties may include, but are not limited to:
Program Development and Implementation:
• Design and develop investment policy statement, objectives and procedures for investing in alternative assets
• Establish a process to critically assess fund managers, their processes, and their risk- management approaches and capabilities
• Establish and monitor appropriate limits and constraints (e.g., industry concentrations)
• Establish processes and guidelines for portfolio valuation
• Collaborate with NYSIF colleagues and other stakeholders to ensure appropriate risk management
Sourcing Managers, Due Diligence, Investment and Monitoring Investments:
• Collaborate with Investment Consultant and NYSIF colleagues on investment opportunities
• Assist in evaluating and selecting external investment managers using qualitative and quantitative due diligence, including identifying potential opportunities with emerging managers and minority-owned firms
• Model and value alternative assets and, for funds, their underlying investments, including possible liquidation events
• Prepare written proposals for investing in primary- and secondary-market offerings of alternative assets
• Analyze program strategy, and articulate strengths and weaknesses to management
• Work with Investment Consultant to develop a network for sourcing managers
• Challenge underlying investment assumptions, assess liquidity and evaluate sensitivities
• Evaluate portfolio performance, using measures such as MOIC, IRR, and PME
• Monitor and report on manager / portfolio performance relative to expectations
• Partner with legal professionals to review Limited Partner Agreements
• Lead groups of NYSIF colleagues and other stakeholders to establish best practices for operations (incl. cash management) in respect of investments in alternative assets
Some positions may require additional credentials or a background check to verify your identity.