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Asset & Wealth Management, External Investing Group (XIG) Private Equity Investm

GOLDMAN SACHS & CO. LLC

NEW YORK, NYJob$100–170K/yrSeen 5 days agoSeen in employer's feed 5 days ago

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At a glance

Compensation
$100–170K/yr
Location
NEW YORK, NY
Work Authorization
Not specified

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Job overview

Goldman Sachs Asset & Wealth Management’s Petershill Strategies invests in non-controlling equity interests in alternative asset managers. The role evaluates GP stakes and preferred equity transactions, develops investment recommendations, coordinates deal execution, cultivates relationships with managers, and monitors portfolio investments. It requires at least three years of relevant investing or finance experience and strong analytical, valuation, communication, and project-management capabilities.

Skills & qualifications

RequiredNice to have

Skills

Investment JudgmentNumerical AnalysisFinancial ModelingAnalytical SkillsValuationPresentation SkillsCommunicationNegotiationTime ManagementPeople ManagementProject ManagementTeamwork

Qualifications

3+ Years Investment or Finance Experience

Full job description

Goldman Sachs Asset & Wealth ManagementA career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals. Petershill Strategies Overview Established in 2007, Petershill is a leading GP stake investor, specializing in acquiring non-controlling equity interests in the management companies (General Partners or GPs) of alternative asset managers. Through these strategic, non-control investments, Petershill partners with leading alternative asset managers to accelerate their strategic development. By providing strategic capital, Petershill supports the creation of long-term value, enabling GPs to enhance employee retention, facilitate business development, buy out legacy equity holders, and create broader strategic options, all while preserving the autonomy and entrepreneurial spirit of these organizations. To date, Petershill has partnered with over fifty alternative asset management firms and has raised over $17.0bn of commitments in private fund commitments.Responsibilities * Conduct due diligence and evaluate GP stakes and preferred equity transactions, with a specific focus on fundamental valuation across a broad range of strategy and sector focused GPs * Develop materials and present investment opportunities to the Investment Committee through written and oral presentations, and conduct required follow-up analysis * Coordinate the execution of investments across all deal types, including working closely with internal (e.g., internal counsel, compliance, risk and liquidity management) and external parties (e.g., private market GPs, external counsel) * Assist in cultivating relationships with leading alternative asset managers for GP stakes and related capital solutions; contribute to thematic sourcing initiatives to support a robust pipeline * Monitor the performance and risk profile of existing portfolio investments Qualifications * Minimum of 3 years of experience in Investment Banking/Corporate Finance/M&A/Leverage Finance/GP stakes/Private Equity/Other Private or Public Markets Investing * Sound investment judgment and outstanding numerical, modeling, analytical and valuation skills for the purpose of assessing investment opportunities * Strong presentation, communication, and negotiation skills enabling the candidate to make robust recommendations to the Investment Committee and interact effectively with third parties * Excellent time, people, and project management skills * Ability to work effectively as part of a team Salary Range The expected base salary for this New York, New York, United States-based position is $100000-$170000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to ac

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