Description

The Maryland State Retirement Agency is seeking an exceptional individual to serve as Senior Portfolio Manager in its Investment Division.  The Senior Portfolio Manager reports directly to the Managing Director, Private Equity and will work collaboratively with the Private Equity team to support the overall investment program. The Senior Portfolio Manager will primarily focus on the co-investment segment across the System’s private market portfolio. In addition, the individual will have primary relationship responsibility for several private equity general partners. The individual will assist in the overall management of the private equity portfolio and training of junior staff. This position will require travel which will likely include international travel.

The Agency’s Investment team drives results through creative problem solving, working together to manage a global multi-asset portfolio and to provide a secure base of assets to pay the current and future benefits for the underlying retirees and beneficiaries.  The Investment Division is committed to providing a work environment that offers the investment team members a complete understanding of the institutional investment process, rewarding career paths, and a diverse and inclusive workplace that embraces both analytical and creative thinkers.

Requirements

The main purpose of the job is to:

•  Manage the co-investment program within the Private Equity portfolio and potentially other asset classes.
•  Manage several primary Private Equity general partner relationships.
•  To support the overall management of the Private Equity portfolio and the development of junior staff.

Position duties include:

•  Source opportunities; perform investment due diligence; coordinate the legal review process; and monitor the performance of the co-investment portfolio.  
•  Provide detailed analysis of investments in individual companies across a wide range of sectors and geographies in a very short timeframe.
•  Pace of investment will require an evaluation of thirty to fifty opportunities per year resulting in ten to twenty co-investments. 
•  Primary relationship responsibility for several Private Equity general partners.  Perform regular reviews and evaluations of managers, participate in meetings with prospective         managers; assist with due diligence on new investments; assist in the process of reviewing and negotiating fund documentation.
•  Assist with the overall management of the Private Equity portfolio.
•  Assist with the development of junior staff.
•  Perform ad-hoc projects and analysis as needed.