Investment Associate

Job Details

The Investment Associate is a newly-formed, key member of the investment team responsible in assisting sourcing, evaluating, executing, and monitoring investments across the portfolio. This role is appropriate for an experienced investment professional who is ready to take on substantial responsibility, lead manager relationships, and contribute meaningfully to portfolio construction decisions. The Investment Associate will work closely with the Office's external investment partners, leveraged as an extension of the team, while ensuring the Office retains decision-making authority and direct ownership of every manager relationship.
The Investment Associate will have daily exposure working closely with the Deputy CIO and CIO to manage a highly-diversified portfolio of global public and private managers. He or she will also be relied upon to assist in the development of junior team members.

Job Description

Summary
The Investment Associate is a newly-formed, key member of the investment team responsible in assisting sourcing, evaluating, executing, and monitoring investments across the portfolio. This role is appropriate for an experienced investment professional who is ready to take on substantial responsibility, lead manager relationships, and contribute meaningfully to portfolio construction decisions. The Investment Associate will work closely with the Office's external investment partners, leveraged as an extension of the team, while ensuring the Office retains decision-making authority and direct ownership of every manager relationship. The Investment Associate will have daily exposure working closely with the Deputy CIO and CIO to manage a highly-diversified portfolio of global public and private managers. He or she will also be relied upon to assist in the development of junior team members.

Job Duties

• Manager Sourcing and Diligence
• Assist Managing Directors in sourcing, screening, and evaluation of new investment opportunities primarily supporting private equity (buyout, growth, venture), private credit (direct lending, opportunistic, specialty finance), real assets.
• Lead end-to-end due diligence on prospective managers, including investment, operational, legal, and reference review.
• Develop detailed investment memos and present recommendations to the CIO and Deputy CIO.
• Build and maintain a robust pipeline of managers and themes; maintain forward calendars for re-ups and new commitments.
• Portfolio Construction and Monitoring
• Contribute to private markets pacing models, vintage diversification, and sub-strategy allocation analysis.
• Monitor existing manager relationships, including ongoing performance review, attribution analysis, GP communications, and annual meetings.
• Evaluate co-investment and secondary opportunities sourced through the manager network.
• Track underlying portfolio company exposures, sector concentrations, and key risk factors across the private markets book.
• Research and Thought Leadership
• Develop deep expertise in sub-strategies and produce written research on market themes, structural trends, and emerging managers.
• Maintain competitive intelligence on peer endowments, foundations, and sophisticated institutional allocators.
• Represent the Office at industry conferences, GP annual meetings, and academic-investor forums.
• Team and External Partners
• Provide direction, coaching, and review for junior team members.
• Partner with the Operations and Performance team to ensure accurate capital calls, distributions, valuations, and reporting.
• Collaborate with the Office's external investment partners as an extension of the team, leveraging their scale and specialty expertise while ensuring the Office retains decision-making and direct ownership of GP relationships.

Minimum Qualifications

• Bachelor’s Degree
• 4 years seven years of relevant asset management experience at an endowment, foundation, OCIO, family office, fund-of-funds, consultant, or GP.
• Demonstrated track record of leading manager diligence from initial screen through investment committee approval.
• Strong financial modeling, valuation, and quantitative analytical skills; fluency interpreting LP and GP financials, fund-level cash flow projections, and partnership economics.
• Excellent written and verbal communication skills; ability to write clear, objective investment memos.
• Sound judgment formed in logic; insatiable curiosity; intellectual honesty and the ability to form and defend independent views.

Preferred Qualifications

• Master’s Degree MBA, MSF, CFA (or demonstrably working toward it), or other advanced credentials
• Experience covering private markets strategies will be given preference.
• Demonstrated ability to source differentiated opportunities.
• Experience with co-investments and/or secondary transactions.
• Familiarity with portfolio analytics tools (e.g., Addepar, Burgiss, Cobalt/Cobalt LP, eFront, Solovis, Backstop).

Additional Qualifications

Physical Demands
Lift and carry 25 lbs. frequent sitting/standing, frequent keyboard use, *patient care providers may be required to perform activities specific to their role including kneeling, bending, squatting and performing CPR.

Job Description Disclaimer: This position description provides the major duties/responsibilities, requirements and working conditions for the position. It is intended to be an accurate reflection of the current position, however management reserves the right to revise or change as necessary to meet organizational needs. Other responsibilities may be assigned when circumstances require.

Work Shift

Workday Day (United States of America)

Worker Sub Type

Regular

Employee Entity

Thomas Jefferson University

Primary Location Address

1101 Market, Philadelphia, Pennsylvania, United States of America

Nationally ranked, Jefferson, which is principally located in the greater Philadelphia region, Lehigh Valley and Northeastern Pennsylvania and southern New Jersey, is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65,000 people strong, dedicated to providing the highest-quality, compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrow's professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic, clinical and applied research. Thomas Jefferson University, home of Sidney Kimmel Medical College, Jefferson College of Nursing, and the Kanbar College of Design, Engineering and Commerce, dates back to 1824 and today comprises 10 colleges and three schools offering 200+ undergraduate and graduate programs to more than 8,300 students. Jefferson Health, nationally ranked as one of the top 15 not-for-profit health care systems in the country and the largest provider in the Philadelphia and Lehigh Valley areas, serves patients through millions of encounters each year at 32 hospitals campuses and more than 700 outpatient and urgent care locations throughout the region. Jefferson Health Plans is a not-for-profit managed health care organization providing a broad range of health coverage options in Pennsylvania and New Jersey for more than 35 years.    

Jefferson is committed to providing equal educa­tional and employment opportunities for all persons without regard to age, race, color, religion, creed, sexual orientation, gender, gender identity, marital status, pregnancy, national origin, ancestry, citizenship, military status, veteran status, handicap or disability or any other protected group or status. 

Benefits

Jefferson offers a comprehensive package of benefits for full-time and part-time colleagues, including medical (including prescription), supplemental insurance, dental, vision, life and AD&D insurance, short- and long-term disability, flexible spending accounts, retirement plans, tuition assistance, as well as voluntary benefits, which provide colleagues with access to group rates on insurance and discounts. Colleagues have access to tuition discounts at Thomas Jefferson University after one year of full time service or two years of part time service. All colleagues, including those who work less than part-time (including per diem colleagues, adjunct faculty, and Jeff Temps), have access to medical (including prescription) insurance.

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