Investment Manager, Minneapolis, MN - As part of the University of Minnesota’s Office of Investments and Banking, the Investment Manager supports the investment activities of the University’s ~$2.1B endowment fund. The primary responsibility is sourcing, researching, diligencing, recommending, and monitoring equity-oriented investments, with extensive involvement across the full spectrum of liquid and illiquid asset classes and strategies utilized in the endowment, which includes: traditional rates and credit, private credit, public equities, private equity, venture capital, real assets, and hedge funds.
Area(s) of focus at any point in time will be directed by the Chief Investment Officer based on an amalgamation of considerations such as market environment and opportunity, current portfolio dynamics, and/or the Investment Manager’s particular areas of expertise or familiarity. Responsibilities include:
- Conducting deep-dive initial and ongoing due diligence on investment strategies, managers, and co-investment opportunities across various asset classes.
- Producing detailed investment memorandums and summaries for presentation to the Investment Advisory Committee.
- Shaping portfolio strategy and design in partnership with other members of the OIB investment team.
- Leading research projects regarding various asset classes, investment strategies, and/or thematic market opportunities.
- Collaborating with other members of the OIB investment team on research and manager diligence efforts.
- Cultivating networks and relationships across the industry to improve sourcing quality and stay abreast of key trends and best practices.
- Assisting in the preparation of investment committee meeting presentation materials.
- Partnering with internal general counsel and OIB’s operations manager to review and negotiate legal documents.
- Conducting diligence and making recommendations to the various governing groups about local investment opportunities associated with Minnesota’s State Small Business Credit Initiative (SSBCI) Venture Program and the University’s designated technology commercialization fund, known as Discovery Capital.
- Working on environmental, social, and governance policy and strategy, performance and risk analytics, data management, operating pool investment strategy, defined contribution retirement program design and oversight, and/or broader finance-related projects supporting the University.
- Domestic and International travel 10-25%.
(No agencies or phone calls please.)
Minimum Requirements:
Requires a BA/BS degree in economics, finance, business administration, accounting, or related discipline and 8 years of experience at an asset owner (endowment and foundation, pension fund, etc.), investment bank, and/or buy-side investment management firm.
- Financial modeling and data analytics.
- Sourcing, diligencing, and monitoring investment strategies across both public and private markets, with the ability to conduct robust soup-to-nuts diligence with minimal supervision.
- Data and information management.
- Investment as an asset owner or investment bank.
- Microsoft Office Suite.
Must possess 2 years of experience with directly sourcing, diligencing, and selecting venture-backed, early-stage investment opportunities.
Must possess CFA charterholder or progress towards.
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