Description

The Managing Director - Venture Capital and Co-Investment, works directly with the Board of Trustees, Investment Committee, Executive Director, CIO, Deputy Chief Investment Officers, external consultants, external managers and others in the development, implementation and maintenance of broad investment policies established by the Board of Trustees.  This position reports to the Deputy Chief Investment Officer – Private Markets and oversees a professional staff of 4 individuals. 

Requirements

•         Lead a team of investment professionals responsible for meeting the risk and return objectives of venture capital and private equity co-investments.
•         Establishes overall strategic investment program management goals, standards and controls to meet asset class and total fund objectives and the levels of resources required.
•         Recommends and assists with determining appropriate benchmarks/indices/guidelines for evaluating investment performance.  Forecasts market changes based on economic and          industry analyses.
•         Provides direct leadership, oversight, management and career development of professional investment staff.
•         Provides oversight and management of external venture capital managers, consultants, and others with respect to the management of the investment program.
•         Ensures that the integrity of the established investment framework is maintained, policies and procedures are implemented as intended, with an awareness of appropriate rules,              laws, regulations and compliance controls.
•         Identifies potential areas of vulnerability and risk, develops / implements corrective action plans for resolution, and provides guidance on mitigation of similar situations in the                future.
•         Provides guidance, input and recommendations for investment strategies and on projected strengths and weaknesses of investment approaches.
•         Serves as an independent reviewer and evaluator to ensure that investment issues / concerns are being appropriately monitored, evaluated, investigated, resolved and                  communicated.
•         Designs and develops quantitative and analytic models and tools to help identify attractive venture capital and co-investment strategies and opportunities and monitor and         mitigate various types of risk associated with these investments.  Gathers data, analyzes results, and communicates performance results.
•         Manages the due diligence process for investing in venture capital managers and private market co-investments and makes investment recommendations to the Chief Investment          Officer.