Description: The Senior Director will help lead Kaiser Permanente’s Alternatives portfolios to advance its mission of high-quality, affordable Healthcare. Kaiser Permanente’s Alternatives Program includes primary fund, secondary, and co/direct investments in Private Equity (Buyout, Growth, Venture), Private Credit, Real Assets (Real Estate, Natural Resources, Infrastructure), Absolute Return, and Impact Investing. Kaiser Permanente has two main capital pools: (1) Kaiser Permanente Retirement Plans and (2) Kaiser Foundation Hospitals, which combined total approximately $150 billion.
Basic Qualifications:
Minimum of twelve (12) years of progressive, relevant experience
Bachelor’s degree in business, finance, accounting, or a related field
Preferred Qualifications:
Advanced degree in finance, economics, business, or a related field
Professional certifications (e.g., CFA, CAIA, ILPA Level II)
Experience (ideally at least 15 years) managing institutional portfolios, preferably on behalf of limited partners with a large Alternatives allocation
History in multiple Alternative asset classes, such as Buyout, Private Credit, Real Assets, and Venture
Exceptional quantitative and qualitative skills to evaluate asset class, fund, and individual company investment decisions
Superior risk management capabilities, including experience with Aladdin
Experience serving on Limited Partner Advisory Committees
Strong written, oral, and PowerPoint presentation skills, including experience in presenting to investment committees/boards and designing both template and bespoke reports
Extensive understanding of investment performance and calculation processes
A deep and broad professional network
Unwavering honesty and integrity
Principal Responsibilities:
Serve as a senior investment professional covering all Alternative asset classes
Source new investment opportunities (primary funds, secondaries, co-investments, direct investments) through research and leveraging professional networks
Conduct investment diligence using both quantitative and qualitative analysis of specific investment opportunities and their portfolio fit
Review, interpret, and incorporate operational due diligence assessments from third-party vendors to advance manager analysis
Present investment opportunities to Investment Committees
Lead legal due diligence and counsel review of individual investments
Manage existing portfolios, including monitoring manager performance, fostering partnerships, serving on advisory committees, and adapting risk tools to Alternatives
Represent Kaiser Permanente in the investment community in accord with the highest professional standards
Support the Executive Director – Head of Alternative Investments (ED) with asset allocation within the Alternatives asset classes and portfolio evaluation of each asset class
Assist the ED with designing template and bespoke reports to facilitate investment decisions by the Vice President – Head of Pensions and Investments (VP) and Investment Committees
Mentor less-senior team members
Keep current on knowledge of capital markets with an eye toward non-Traditional investments