Private Investment Analyst

Who We Are

UNC Management Company, Inc. (“UNCMC”) is a leading investment management firm based in Chapel Hill, NC established to invest exclusively on behalf of the University of North Carolina System in support of its educational and research mission. We currently manage nearly $17 billion in assets that are primarily invested with external investment managers. We invest around the world across a diversified mix of traditional (e.g., stock picking) and alternative (e.g., hedge funds, venture capital) asset classes and have a proven record of success with performance ranking in the top quartile relative to our college and university endowment peers.

The Investment Team. UNCMC’s Investment Team consists of: Public Investments, Private Investments, and Quantitative Strategy & Risk Management. All members of the Investment Team, including analysts, participate in internal investment committee meetings and are encouraged to formulate and voice independent opinions, regardless of experience.

The Private Investments Team is responsible for making and managing allocations to venture capital, buyout, crypto-asset, real estate, energy and natural resources, and illiquid fixed income. As investors in third party investment firms, our role is to source firms and evaluate not only the assets they own but the people who run them. We strive to invest in the most compelling opportunities across the globe and do so by partnering with and learning from the world’s best investors. Travel plays an important role in our due diligence process and, as such, we do a lot of it. We visit investment hubs in the US, Hong Kong, and London to meet with investment managers, participate in investment conferences, frequent the HQ’s of companies held by our underlying managers, and tour assets held by our real estate managers.

Your Role. This is an entry-level position, but Investment Analysts are integral members of the Investment Team. Their responsibilities are numerous, and we encourage Investment Analysts to think broadly about how best to use their skills in support of UNCMC’s mission. While participating in our Analyst Program, you will assist Private Investments Team members in sourcing, underwriting, closing, and monitoring investments with external managers. In doing so you will learn new business models, draft investment recommendations, participate in reference calls, generate reports, conduct research, and discuss capital allocations during internal meetings. Although activities will differ depending on your interests, goals, and strengths, you may build investment models to underwrite direct investments in privately held companies, work on data-driven research projects to optimize investment sizing decisions across partners, sectors, geographies, or asset classes, or take part in Discord and Telegram crypto-asset groups. Some travel may be required.

Why Join

Learn about investing. As a member of the Investment Team, you will evaluate, speak with, and learn from some of the world’s top investors. You will be exposed to a broad perspective of investment ideas and views, and you will dive deep into a spectrum of transactional opportunities which may include co-investments in innovative venture-backed startups, secondary transactions in buyout funds, and real estate joint ventures.

Support important non-profit causes. Your work will support undergraduate scholarships, graduate fellowships, faculty professorships, research initiatives, arts programming, public service, clinical care, and much more. With nearly 250,000 students currently enrolled, the members of the UNC System – a multi-campus system that encompasses 16 universities across the state of North Carolina and the NC School of Science and Mathematics, the nation’s first public residential high school for gifted students – provide world-class teaching, research, and community engagement. To learn more about initiatives supported by UNCMC’s efforts, see the News from our Members section of our annual report.

Establish a foundation for long-term success. The Analyst Program provides an outstanding foundation for your career. The skills you will hone with regards to investing, evaluating businesses, working as a team, and communicating complex topics to a broad audience are highly desirable and transferable. You will also build relationships that could open doors to exciting opportunities. Past Analyst Program participants went on to assume more senior roles at other investment firms, join leading venture capital and private equity firms, and one recently launched their own investment firm. Others have transitioned to traditional investment banking or corporate strategy roles or attended leading MBA programs. Wherever your path takes you following the Analyst Program, the Private Investments Team will help you when seeking to secure your next opportunity.

Successful Applicant Criteria

We are seeking to hire candidates that possess a love of learning, an interest in investing, a team mindset, and a desire to contribute to a worthy cause. Diversity of thought is imperative to our discussions, and we welcome unique ideas and experiences that further complement the team. In addition, successful applicants will have:

• Bachelor’s degree (or international equivalent from an accredited institution), preferably in a business, finance, economics, or mathematics field of study
• 0-2 years of professional work experience (not including internships)
• Ability to demonstrate and articulate knowledge of investment concepts
• Advanced proficiency in Microsoft Office suite
• Ability to travel
• Authorization to work in the US, without a need for visa sponsorship
• Unquestionable integrity and ethics