Principal, Funds

Principal, Funds, CPPIB America, Inc., New York, NY:

Lead or co-lead deal teams in the end-to-end execution of due diligence and negotiation of private equity fund investments (minimum $100 million commitment to funds at least $1 billion in size) and co-investments (equity cheques ranging from $25 million to $100 million). Lead the development of investment theses and identification of due diligence priorities spanning a variety of topics, including but not limited to strategy, underwriting, value creation, track record, team, capacity, alignment and prospective returns. Oversee analysis used to evaluate fund opportunities/co-investments and conduct due diligence, including leading interviews with executives of private equity General Partners (“GPs”). Develop and present investment recommendation materials for internal approval to Investment Committees. Lead or co-lead legal negotiations of Limited Partnership Agreements and side letters. Monitor ongoing financial performance of GPs, underlying portfolio company investments and co-investments. Act as the primary/secondary relationship manager for private equity GPs, which includes conducting ongoing corporate development meetings to identify partnership opportunities, managing day-to-day engagement and required legal approvals/consents, approving capital calls and forecasting liquidity. Attend annual meetings and serve as CPP representative on limited partner (“LP”) advisory boards. Identify and help source co-investments and strategic deal flow for other CPP investment teams. Lead introductory meetings and calls with existing and prospective GPs, maintain a network of external private equity industry relationships and originate new potential relationships for Funds. Participate in and contribute to Funds & Secondaries (F&S) meetings. Review, analyze and comment on investment recommendations prepared by F&S deal teams at Investment Committee. Lead and contribute to strategic projects/initiatives within Funds or enterprise-wide across CPP. Lead or co-lead various operational workstreams that are critical to the day-to-day functions of the Funds team. Manage junior investment professionals and provide actionable coaching and feedback. Participate in recruiting and training initiatives.

Full time employment, Monday – Friday, 40 hours per week, at least $298,854 to $320,000 per year.

MINIMUM REQUIREMENTS:

Bachelor’s degree in Finance, Economics, Business Administration or a related field and 8 years of progressive, post baccalaureate related work experience.

Of the required experience, must have 5 years of experience in each of the following:

• Institutional private equity investing: direct investing/co-investing capacity (at least $50 million equity cheques) or fund investing capacity (at least $100 million fund commitments to funds at least $1 billion in size);
• Reading, comprehending, and analyzing private equity limited partnership agreements, GP/LP investment structures, and carry waterfalls;
• Working with Microsoft Office 365 (Outlook, Word, Excel, PowerPoint), Capital IQ, Workday, private equity databases (Preqin or Pitchbook), private equity benchmarks (Burgiss), a CRM tool (Salesforce or DealCloud), and a pipeline management tool;
• Working with Microsoft Excel building or reviewing complex financial/operational models (including LBOs and DCFs) and performing analysis on large data sets (1,000+ rows) to identify business/performance trends and insights, value companies, and evaluate GP track records (including returns by sector, deal type, gross to net and synthetic IRRs, and performance relative to public and private benchmarks);
• Writing investment memos and recommendations and presenting to investment committees that ultimately result in the completion of direct investments/co-investments or fund commitments;
• Presenting to and engaging with senior executives or decision makers (SVP+, SMD+ or equivalent), both internally and externally with private equity firms or public/private companies;
• Asset management, portfolio monitoring or reporting of private companies, including valuation assessment and cash flow forecasting; and
• Building a network of private equity/business relationships and working with external stakeholders, including investment banks, consulting firms, and legal advisors.

Of the required experience, must have 4 years of experience leading due diligence workstreams for direct/co-investments or fund commitments.

Of the required experience, must have 3 years of experience in each of the following:

• Negotiating legal contracts/documentation for direct investments, co-investments or fund commitments and working directly with legal advisors; and
• Interviewing, recruiting and directly managing junior team members.

Of the required experience, must have 1 year of experience in each of (i) direct/co-invest and (ii) fund commitments to private equity managers in North America/Europe, including developing hypotheses and objectives, project/process management, developing workstream scopes, performing analyses, and defending conclusions and recommendations.

International travel required up to 20%; Domestic travel required up to 30%.

Telecommuting permitted up to 1 day a week.

TO APPLY: Click the “I’m Interested” button.

Visit our LinkedIn Career Page or Follow us on LinkedIn. #LI-DNI

At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process. 

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.