Under the administrative and technical direction of the Director, Investment Strategies, the Investment Analyst performs analytical tasks on behalf of …
Reporting to the Chief Investment Officer, Paula Volent, the Director of Private Equity will collaborate on investment manager selection and oversight of the non-marketable portfolios, including private equity, venture capital and growth equities. As of January 2019, this allocation represented approximately $760 million in assets. The portfolio consists of top-tier VC and PE funds and is not a turnaround situation, but a continuation of the College’s excellent reputation among private equity managers and the College’s proactive investment in the asset class. S/he will provide support to the Chief Investment Officer to maximize the overall investment return of its endowment and fulfill its fiduciary obligations. The Director will be a senior member of the investment team and will be expected to take a leadership role in a broad range of activities, including interacting with the Investment Committee as well as mentoring junior staff and interns. S/he will provide innovative recommendations to the team and make a clear commitment to this non-profit educational and research institution.
Bowdoin’s Investment Office is headed by Senior Vice President for Investments, Paula Volent, who is responsible for the management of the College’s endowment, under the direction of the Investment Committee of the Board of Trustees. Assets under management are approximately $1.8 billion. Paula joined the firm in 2000 from the Office of Investments at Yale University. The endowment has grown from an initial base of $465 million in 2000.
The investment committee includes eight trustees and investment professionals and Bowdoin President, Clayton Rose. Paula Volent serves as a liaison officer from the Investments Office. Bowdoin invests in a portfolio of investment managers across asset classes. These outside managers invest Bowdoin’s endowment primarily in special types of “commingled” funds or limited partnerships which preclude the College from imposing any constraints on the types of investments managers make.
The main investment office is based in Brunswick, ME but a second office is located in New York City. The successful candidate will work out of the New York City location, but will on occasion travel to Maine.
Outstanding academic credentials; MBA and/or CFA preferred. Experience investing in Private Equity funds required, with significant exposure to Venture Capital funds preferred. Superior communication and interpersonal and teamwork skills. Possess ability to effectively interact with top investment managers. Reputation for sound judgment and risk management, and a high level of integrity. Passion for investments and the interest to develop a continually expanding global network within the investment management community.
Minimum of five years relevant investment management experience with focus on third-party manager evaluation. In-depth experience with non-marketable managers is required. Demonstrated ability to work effectively with all constituencies, including Investment Committee members and sophisticated investment professionals. Established network in non-marketable arena. A strong investment track record. Ability to portray Bowdoin College as a desired investor to top tier investment managers. The highest level of integrity, intellectual capability, honesty and loyalty. Ability to access independent network for manager evaluation and reference check purposes. Strong understanding of business, legal and accounting issues involved in the evaluation of marketable investments. Prior experience with venture capital required.
Typical hours are between 8:30 am – 5:30 pm. This is a salaried position requiring the time commitment necessary to satisfactorily complete all job requirements.
Bowdoin College complies with applicable provisions of federal and state laws that prohibit unlawful discrimination in employment, admission, or access to its educational or extracurricular programs, activities, or facilities based on race, color, ethnicity, ancestry and national origin, religion, sex, sexual orientation, gender identity and/or expression, age, marital status, place of birth, genetic predisposition, veteran status, or against qualified individuals with physical or mental disabilities on the basis of disability, or any other legally protected statuses.
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