Position Summary

The Division of Private Equity is seeking to fill two Director positions: Director of Private Debt and Director of Private Equity.

Reporting to the Managing Director of Private Equity, the Director of Private Debt and the Director of Private Equity will be primarily responsible for managing Private Debt and/or Private Equity portfolios. The roles include shared oversight of the System's Private Debt and/or Private Equity portfolio construction, evaluation, and execution in a manner consistent with the System's asset allocation. The Director positions are expected to: (1) lead supervision of the Private Debt and/or Private Equity team on a day-to-day basis, (2) lead in sourcing and screening investment opportunities, recommending partnerships to NYSTRS' internal investment committee and board, and (3) ensure the Private Debt and/or Private Equity portfolios are actively monitored.

Minimum Qualifications

• A bachelor's degree and eight (8) years professional investment experience, of which five (5) years must include institutional Private Debt and/or Private Equity fund investment management experience with an investment management organization, pension consulting firm or plan sponsor including:
• Experience conducting research and due diligence for primary fund investment opportunities
• Experience in analyzing, evaluating, monitoring and recommending actions for primary fund investments
• Experience in presenting and making investment recommendations to Investment Committees
• Substitutions: A Master's in Business Administration or a closely related field of study substitutes for one (1) year of general work experience. Holding a Chartered Financial Analyst or Chartered Alternative Investment Analyst designation substitutes for one (1) year of general work experience

Preferred Qualifications

• A master's in business administration or another advanced degree
• Three years of supervisory experience
• CFA and/or CAIA designation or demonstrated progress toward CFA and/or CAIA designation
• Robust network across both the general partner and limited partner universe
• Experience serving on Private Debt/Private Equity Limited Partner Advisory Boards
• Commitment to providing exceptional customer service
• Excellent communication and interpersonal skills

Work Modality

This position is subject to a hybrid work schedule.

Job Duties

The duties of the Director of Private Debt/Private Equity include, but will not be limited to, the following:

• Recommend investment strategies and new investments to the Managing Director; while also manage existing relationships with the General Partners in which the System invests
• Lead and coordinate the oversight of the private debt/private equity portfolio, as well as source, underwrite and recommend new investments
• Lead the presentation of investment recommendations at the System's internal investment committee meetings for private debt/private equity investment opportunities
• Manage the mid-office team to ensure performance monitoring and reporting for the private debt/private equity portfolio for portfolio management purposes
• Review and confirm the accuracy of capital drawdowns, cash, or stock distributed to the System. Approve capital disbursements and receipts as required.
• Serve as NYSTRS' representative on private debt/private equity limited partner advisory boards
• Assist in the development and implementation of policy, strategy, procedures and associated operations
• Review and provide recommendations to the Managing Director of Private Equity regarding partnership amendments and other legal matters with respect to the private debt/private equity portfolio. Execute consents and amendments on behalf of the System as needed.
• Manage relationships with outside vendors such as consultants, database and CRM providers
• Evaluate and recommend modifications to the Department's investment strategic plan and sub-asset classes within private debt/private equity
• Attend conferences and meetings to stay current on industry trends and to continually maintain and establish business relationships within the industry
• Active involvement in the limited partner community to stay current with industry trends and asset class performance
• Supervise the private debt/private equity team and provide professional development opportunities
• Perform such duties assigned by the Managing Director of Private Equity and complete other projects or assignments as deemed necessary
• The Director of Private Debt and the Director of Private Equity will support each other in their roles and assist with managing relationships

Travel

Up to 30% of travel is required domestically and internationally on weekdays and some weekends.

Salary Grade

Management (M)

Salary Range

$180,884 - $203,586

Job Type

Management/Non-Civil Service

EEO STATEMENT

At NYSTRS, diversity, equity, and inclusion are integral to our mission of providing our members with a secure pension and exceptional customer service. We are committed to fostering an inclusive and equitable culture where all diversity is valued and recognized as a source of strength and enrichment across all operations.

NYSTRS is proud to provide equal opportunities to all employees and qualified applicants without regard to race, color, religion, creed, sex, gender expression or identity, national origin, age, ability and disability status, veteran status, marital status, pregnancy status, sexual orientation, citizenship, or any other legally protected class. We are committed to being a workplace that attracts, supports, and retains talented individuals from diverse backgrounds and experiences while championing equal opportunity across recruitment, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

All applications to NYSTRS should be done via our website. NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.