University of California Office of the President
Investment Director - Private Equity
University of California Office of the President, Oakland, California, United States, 94616
Overview
INVESTMENT DIRECTOR, PRIVATE EQUITY — UC Office of the President, Oakland. Full Time. DEPARTMENT OVERVIEW
The Office of the Chief Investment Officer manages the University of California's retirement, endowment, working capital, and cash assets under Regents policies. The office selects, executes, and monitors investment strategies to add value within a risk-controlled framework, maintaining high ethical and professional standards. The Private Equity Director plays a key role in supporting office-wide goals and investment outcomes. POSITION SUMMARY
In collaboration with the Chief Investment Officer, the Private Equity Director helps set private equity strategy and supports portfolio performance targets. The ideal candidate brings significant private equity knowledge and experience, can work on complex issues and deals, and will exercise judgement in selecting methods and evaluation criteria. The role involves substantial internal and external contacts to facilitate investment opportunities for the office. Responsibilities
Investment Management & Strategy Lead due diligence on prospective investments from beginning to end, including primary fund commitments, co-investments, and secondaries. This includes assessing the investment strategy, management team, investment risks, portfolio valuations, reference calls, etc. Write clear and concise independent investment recommendations based on due diligence. Deliver high-quality finished work product in a timely fashion. Provide fundamental analysis and research as part of the due diligence and clearly articulate findings and recommendations to the Chief Investment Officer in a collaborative fashion. Take lead in legal negotiations and fund closings to ensure compliance with the Regents' policies. Recommend investment ideas and/or opportunities to the broader Private Equity team for discussion and review. Contribute meaningful comments on the merits and risks of investment opportunities and demonstrate sound investment decision making skills. Manage relationship building with C-suite executives of select investments for the purposes of developing a pipeline of investment opportunities. As needed, represent the University of California on advisory boards and provide comprehensive industry feedback and sound guidance to the General Partners as necessary. May lead restructuring of a fund by collaborating with the advisory board members and the General Partner. Maintain active involvement with assigned private equity funds by attending annual meetings, having at least one touch point each year with each fund, documenting annual meetings, reviewing quarterly financial statements, and understanding significant valuation or policy changes. Attend additional meetings on behalf of the private equity team as needed. Be able to speak in depth about each assigned fund/GP relationship. Contribute to hold/sell recommendations for public stock distributions from private equity funds as necessary. Prepare and maintain standardized investment reports on fund managers in the portfolios, as well as those under consideration, and make recommendations for decision-making purposes. Research Conduct independent fundamental research and analysis within the due diligence process to identify, evaluate, negotiate, and monitor the performance of investments in the asset class. Monitor fundamental research and identify industry trends and market intelligence and communicate the findings to the investment group. Lead the Limited Partnership agreement review and ensure all aspects of closing a fund are being met from relationship and business perspectives. Provide other research and analytical support as needed. Risk analysis Analyze and manage risk in the overarching "Risk Rules" framework at UC Investments, emphasizing leverage, liquidity, concentration, and worst-case downside risks. Consult with the Chief Investment Officer on the overall impact of an investment on the risk-reward of the entire portfolio. Monitor capital calls and distributions and contribute to liquidity risk management within the private equity portfolio. Leadership Encourage and support the growth and development of junior team members by collaborating to provide and/or identify development opportunities and providing timely constructive feedback. Provide guidance to Investment Officers and Senior Investment Analysts on their due diligence efforts. QUALIFICATIONS
Required Qualifications Highly developed skill to quickly research and collect pertinent information. Expert ability to integrate essential information, and use that information to define and test options and alternatives. Expert in developing recommendations and justification for the most productive course of action. Expert ability to prepare and/or edit complex reports involving logical and quantitative analysis, so that it is clearly understandable by both technical and lay readers and effectively advances and justifies a specific proposal or set of recommendations. Expert interpersonal skills as demonstrated by the ability to interact with others in a consistently positive manner, exercise discretion and tact, and gain consensus in an environment with conflicting ideas and goals. Expert verbal and written communication and presentation skills. Expert ability to articulate ideas and issues clearly, concisely and persuasively to a variety of audiences. Highly developed ability to be insightful and use creative skill in reasoning and logic, and in quantitative analysis. Increasing levels of responsibility in the investment discipline. Expert ability to identify critical information. Strong familiarity with risk management concepts and techniques. Delivered consistently strong performance in a similar organization or investment firm. Preferred Qualifications Strong working knowledge of other asset classes is preferable but not required. Education MBA / CFA and 6 or more years of experience or an equivalent combination of education and experience. SPECIAL CONDITIONS This position is currently eligible for hybrid work arrangement. The selected candidate must reside in California and will be required to report to work onsite in Oakland, as business needs dictate. SALARY AND BENEFITS
Job Title Investment Director, Private Equity Job Code 000239 Salary Grade Grade 49 Payscale The compensation range for this role is $315,000 - $355,000. This range reflects factors including experience, skills, and education. Offers are determined based on final qualifications and experience; the full range shows growth potential. Benefits: For information on the comprehensive benefits package offered by the University, visit the Benefits of Belonging page. HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application. APPLICATION REVIEW DATE
The first review date for this job is October 30, 2025. The position will be open until filled. CONDITIONS OF EMPLOYMENT
Background Check: Successful completion of a background check is required for this position. Smoke Free Environment: The University is smoke- and tobacco-free as of January 1, 2014. COVID-19 Policy: New hires must comply with the UC COVID-19 vaccination policy to access on-site locations. EEO STATEMENT
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or protected veteran status. The UCOP site is committed to accessibility. For accessibility assistance or to report accessibility concerns, contact epost@ucop.edu.
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INVESTMENT DIRECTOR, PRIVATE EQUITY — UC Office of the President, Oakland. Full Time. DEPARTMENT OVERVIEW
The Office of the Chief Investment Officer manages the University of California's retirement, endowment, working capital, and cash assets under Regents policies. The office selects, executes, and monitors investment strategies to add value within a risk-controlled framework, maintaining high ethical and professional standards. The Private Equity Director plays a key role in supporting office-wide goals and investment outcomes. POSITION SUMMARY
In collaboration with the Chief Investment Officer, the Private Equity Director helps set private equity strategy and supports portfolio performance targets. The ideal candidate brings significant private equity knowledge and experience, can work on complex issues and deals, and will exercise judgement in selecting methods and evaluation criteria. The role involves substantial internal and external contacts to facilitate investment opportunities for the office. Responsibilities
Investment Management & Strategy Lead due diligence on prospective investments from beginning to end, including primary fund commitments, co-investments, and secondaries. This includes assessing the investment strategy, management team, investment risks, portfolio valuations, reference calls, etc. Write clear and concise independent investment recommendations based on due diligence. Deliver high-quality finished work product in a timely fashion. Provide fundamental analysis and research as part of the due diligence and clearly articulate findings and recommendations to the Chief Investment Officer in a collaborative fashion. Take lead in legal negotiations and fund closings to ensure compliance with the Regents' policies. Recommend investment ideas and/or opportunities to the broader Private Equity team for discussion and review. Contribute meaningful comments on the merits and risks of investment opportunities and demonstrate sound investment decision making skills. Manage relationship building with C-suite executives of select investments for the purposes of developing a pipeline of investment opportunities. As needed, represent the University of California on advisory boards and provide comprehensive industry feedback and sound guidance to the General Partners as necessary. May lead restructuring of a fund by collaborating with the advisory board members and the General Partner. Maintain active involvement with assigned private equity funds by attending annual meetings, having at least one touch point each year with each fund, documenting annual meetings, reviewing quarterly financial statements, and understanding significant valuation or policy changes. Attend additional meetings on behalf of the private equity team as needed. Be able to speak in depth about each assigned fund/GP relationship. Contribute to hold/sell recommendations for public stock distributions from private equity funds as necessary. Prepare and maintain standardized investment reports on fund managers in the portfolios, as well as those under consideration, and make recommendations for decision-making purposes. Research Conduct independent fundamental research and analysis within the due diligence process to identify, evaluate, negotiate, and monitor the performance of investments in the asset class. Monitor fundamental research and identify industry trends and market intelligence and communicate the findings to the investment group. Lead the Limited Partnership agreement review and ensure all aspects of closing a fund are being met from relationship and business perspectives. Provide other research and analytical support as needed. Risk analysis Analyze and manage risk in the overarching "Risk Rules" framework at UC Investments, emphasizing leverage, liquidity, concentration, and worst-case downside risks. Consult with the Chief Investment Officer on the overall impact of an investment on the risk-reward of the entire portfolio. Monitor capital calls and distributions and contribute to liquidity risk management within the private equity portfolio. Leadership Encourage and support the growth and development of junior team members by collaborating to provide and/or identify development opportunities and providing timely constructive feedback. Provide guidance to Investment Officers and Senior Investment Analysts on their due diligence efforts. QUALIFICATIONS
Required Qualifications Highly developed skill to quickly research and collect pertinent information. Expert ability to integrate essential information, and use that information to define and test options and alternatives. Expert in developing recommendations and justification for the most productive course of action. Expert ability to prepare and/or edit complex reports involving logical and quantitative analysis, so that it is clearly understandable by both technical and lay readers and effectively advances and justifies a specific proposal or set of recommendations. Expert interpersonal skills as demonstrated by the ability to interact with others in a consistently positive manner, exercise discretion and tact, and gain consensus in an environment with conflicting ideas and goals. Expert verbal and written communication and presentation skills. Expert ability to articulate ideas and issues clearly, concisely and persuasively to a variety of audiences. Highly developed ability to be insightful and use creative skill in reasoning and logic, and in quantitative analysis. Increasing levels of responsibility in the investment discipline. Expert ability to identify critical information. Strong familiarity with risk management concepts and techniques. Delivered consistently strong performance in a similar organization or investment firm. Preferred Qualifications Strong working knowledge of other asset classes is preferable but not required. Education MBA / CFA and 6 or more years of experience or an equivalent combination of education and experience. SPECIAL CONDITIONS This position is currently eligible for hybrid work arrangement. The selected candidate must reside in California and will be required to report to work onsite in Oakland, as business needs dictate. SALARY AND BENEFITS
Job Title Investment Director, Private Equity Job Code 000239 Salary Grade Grade 49 Payscale The compensation range for this role is $315,000 - $355,000. This range reflects factors including experience, skills, and education. Offers are determined based on final qualifications and experience; the full range shows growth potential. Benefits: For information on the comprehensive benefits package offered by the University, visit the Benefits of Belonging page. HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application. APPLICATION REVIEW DATE
The first review date for this job is October 30, 2025. The position will be open until filled. CONDITIONS OF EMPLOYMENT
Background Check: Successful completion of a background check is required for this position. Smoke Free Environment: The University is smoke- and tobacco-free as of January 1, 2014. COVID-19 Policy: New hires must comply with the UC COVID-19 vaccination policy to access on-site locations. EEO STATEMENT
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or protected veteran status. The UCOP site is committed to accessibility. For accessibility assistance or to report accessibility concerns, contact epost@ucop.edu.
#J-18808-Ljbffr