Role Overview for Managing Director, Private Equity with a Fund of Funds – Greenwich, CT
JRG Partners is proud to represent a premier, multi-billion dollar global investment firm specializing in alternative assets. Our client, a distinguished leader in the private equity fund of funds space, is seeking a highly accomplished and strategic Managing Director to join their senior leadership team in their Greenwich, CT headquarters. This is a pivotal role that offers the opportunity to shape the future of the firm’s private equity investment platform, drive significant capital deployment, and generate superior, risk-adjusted returns for a sophisticated institutional investor base.
The Managing Director will serve as a key member of the Investment Committee, wielding substantial influence over investment strategy, portfolio construction, and manager selection across primary fund commitments, secondary transactions, and co-investment opportunities. This individual will be a standard-bearer for the firm’s investment philosophy, combining rigorous analytical discipline with a deep, nuanced understanding of the private equity landscape.
The ideal candidate is a seasoned investor with an extensive network, a proven track record of sourcing and executing compelling investments, and exceptional leadership capabilities. You will be responsible for not only leading complex investment processes from inception to close but also for mentoring and developing a talented team of investment professionals. This position demands a visionary leader who can navigate evolving market dynamics, identify emergent trends, and uphold the highest standards of integrity and fiduciary responsibility while contributing to the firm’s long-term growth and success.
Key Responsibilities of Managing Director, Private Equity with a Fund of Funds – Greenwich, CT
The Managing Director’s responsibilities are comprehensive and require a blend of strategic oversight, hands-on execution, and team leadership. The role encompasses the full investment lifecycle and firm-wide strategic initiatives.
Investment Strategy and Sourcing
- Develop and refine investment theses across various private equity strategies, including buyout, growth equity, venture capital, and distressed debt, tailored to the firm’s mandate and market conditions.
- Proactively source a robust pipeline of investment opportunities, leveraging an extensive, proprietary network of General Partners (GPs), intermediaries, and industry contacts.
- Lead thematic research and deep-dive sector analysis to identify attractive market segments and top-tier managers.
- Represent the firm at industry conferences, annual meetings, and networking events to enhance market presence and cultivate key relationships.
Due Diligence and Execution
- Lead all aspects of the investment due diligence process for primary, secondary, and co-investment opportunities. This includes comprehensive evaluation of the manager’s track record, investment strategy, team composition, organizational structure, and alignment of interests.
- Oversee the creation of sophisticated financial models, valuation analyses, and portfolio impact projections to support investment recommendations.
- Conduct in-depth reference checks and on-site visits to assess the qualitative aspects of potential partners.
- Structure and negotiate complex legal and economic terms in Limited Partnership Agreements (LPAs), side letters, and other transaction documents.
- Prepare and present detailed investment memorandums and recommendations to the firm’s Investment Committee, clearly articulating the investment thesis, key risks, and mitigating factors.
Portfolio Management and Monitoring
- Actively monitor the performance of the existing portfolio of fund investments, maintaining a dynamic dialogue with GPs to stay abreast of underlying portfolio company performance and strategic initiatives.
- Analyze quarterly reports, attend annual meetings, and serve on Limited Partner Advisory Committees (LPACs) where applicable.
- Contribute to portfolio construction and risk management frameworks, ensuring diversification and adherence to allocation targets.
- Identify opportunities for value creation within the portfolio, including potential secondary sales or strategic adjustments.
Team Leadership and Firm Contribution
- Manage, mentor, and develop a team of investment professionals (VPs, Associates, Analysts), fostering a culture of collaboration, intellectual curiosity, and excellence.
- Provide guidance on career development, delegate responsibilities effectively, and conduct performance reviews.
- Play a significant role in investor relations, including participating in fundraising efforts, preparing marketing materials, and communicating with existing and prospective Limited Partners (LPs).
- Contribute to the overall strategic direction of the firm, participating in senior leadership meetings and championing initiatives to improve investment processes, technology, and operational efficiency.
Requirements for the Managing Director, Private Equity with a Fund of Funds – Greenwich, CT
Candidates must possess a distinguished track record of success in the private equity industry and demonstrate the leadership qualities necessary to excel in a senior executive role.
Professional Experience
A minimum of 15 years of progressive experience in the financial services industry, with at least 10 years of direct private equity investment experience. A significant portion of this experience must be within a fund of funds, secondaries, or co-investment platform.
Proven Track Record
Demonstrable track record of sourcing, leading, and closing successful private equity fund investments. Experience serving on an Investment Committee is highly desirable.
Educational Background
An MBA from a top-tier business school or an equivalent advanced degree (e.g., JD, PhD) is strongly preferred. A Bachelor’s degree from a leading university with a record of high academic achievement is required.
Professional Designations
A Chartered Financial Analyst (CFA) designation is considered a significant asset.
Network and Reputation
An extensive and deeply embedded network of relationships with top-quartile private equity General Partners across North America and Europe. A stellar reputation for integrity, professionalism, and investment acumen within the industry.
Analytical and Quantitative Skills
Exceptional financial modeling, valuation, and analytical skills with an expert-level understanding of private equity fund structures, economics (waterfalls, fees), and legal terms.
Leadership and Management Skills
Proven ability to lead, manage, and mentor teams effectively. A collaborative leader who can inspire high performance and foster a positive and inclusive team environment.
Communication Skills
Outstanding written and verbal communication skills. The ability to articulate complex investment concepts and theses with clarity and conviction to internal and external stakeholders, including investment committees and sophisticated LPs.
Personal Attributes
A strategic and independent thinker with sound judgment and a commercial mindset. Must possess an unwavering commitment to ethical conduct, a strong work ethic, intellectual curiosity, and a passion for private equity investing.
Benefits & Perks Offered
Our client is committed to attracting and retaining top talent by offering a highly competitive and comprehensive compensation and benefits package. This includes:
Competitive Compensation
A highly attractive base salary and annual bonus structure designed to reward performance.
Long-Term Incentives
A significant opportunity for wealth creation through a generous carried interest participation in the firm’s funds.
Comprehensive Health and Wellness
Premium medical, dental, and vision insurance for employees and their families, complemented by a robust wellness program, including gym memberships and mental health resources.
Retirement Savings
A 401(k) retirement plan with a generous employer match.
Generous Paid Time Off
A competitive vacation, personal day, and sick leave policy that promotes work-life balance.
Professional Development
A dedicated budget for continuous learning, including industry conferences, specialized training, and further education.
Family and Parental Leave
A supportive and comprehensive parental leave policy.
Modern Workplace
A state-of-the-art office environment in Greenwich, CT, designed for collaboration and productivity, with various on-site amenities.
How to Apply
This is a retained search being conducted exclusively by JRG Partners. To be considered for this exceptional opportunity, please submit your resume and a cover letter outlining your qualifications and interest in the role. All applications will be treated with the strictest confidence. We encourage you to learn more about our expertise in this sector by visiting our Private Equity Recruiting practice area page. JRG Partners and our client are Equal Opportunity Employers. We celebrate diversity and are committed to creating an inclusive environment for all employees.
