Principal, Portfolio Manager

Description

Summary

For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and a desire to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add individuals who seek a collaborative, open-door culture that values diversity and innovative thinking.

In our collegial environment that’s marked by low turnover and high energy, you’ll be inspired to grow and thrive. Here, you will be encouraged to build on your strengths and acquire new skills and experiences.

We are committed to fostering an environment of inclusion that promotes mutual respect among all employees. Understanding and valuing these differences optimizes the potential of both the individual and the firm.

HarbourVest is an equal opportunity employer.

This position will be a hybrid work arrangement, which translates to 3 days minimum per week in the office.

HarbourVest is seeking a Principal, Portfolio Manager to join our Evergreen Solutions team on a permanent, full-time basis. The candidate will make recommendations on investment strategy, invest monitoring and liquidity managementto an internal Evergreen Portfolio Management Committee (“EPMC”)made up of senior professionals at the firm. The EPMC bodyis responsible for the decision making on all Evergreen funds, but the committee looks to the specific fund portfolio managers for recommendations. In addition to these specific responsibilities, the individual selected will be expected to lead presentations marketing the fund to new clients in a variety of forms, such as roadshows with distributors and themed conference presentations. The individual selected will need to adapt their content and style to take account of the variety of investors Evergreens depend on. Finally, the portfolio manager will also work with HarbourVest colleagues to ensure existing investors receive appropriate performancedetailsin a timely manner.

The ideal candidate is someone who is :

Capable of working in a small team and leading by example

Willing to take measured risks and able to adapt as required

Easily processes feedback from multiple sources

Confident in presenting their fund regardless of the audience

Capable of thinking and acting globally

Consistently high standards in professional appearance

What you will do :

Portfolio Construction

Lead portfolio construction for open-ended evergreen funds.

Oversee tactical plan development and provide input / recommendations as necessary.

Lead discussions around the development and implementation of investment capacity.

Attendstrategy investment committee meetings to understand asset profiles for open-ended evergreen funds.

Liquidity Management

Manage provision of liquidity analysis, subscriptions, redemptions, credit facility sizing / usage, hedging, and portfolio asset sales.

Develop and implement portfolio stress testing.

Ensure all internal and external reporting requirements are fulfilled.

Fundraising & Client Service

Participate and lead fundraising meetings with existing clients, distribution partners, prospective distributions, and prospective investors.

Provide quarterly market outlook analysis, ensuring consistency with investment strategies.

Assist with client requests and fundraising inquiries.

Regulatory Requirements

Provide direction to the team on regulatory and board analysis and reporting.

Wealth Channel Business Development & Planning

Maintain a general awareness of new product roadmap and timelines.

Assist with new product launches (seed asset review, credit facility strategy, liquidity and stress testing, tactical plan development, etc).

Team Building

Develop relationships with Wealth and the Evergreen Fund Management team, providing support and guidance to help us scale while providing leverage for the HarbourVest platform.

What you bring :

At least 6 years of private equity investing experience including structuring and closing transactions

Knowledge of evergreen products and regulations including those with monthly or quarterly redemptions

Experience of selling private equity; with experience of selling through third party distributors preferred

Prior experience of secondary investing (either LP Led or GP led (AKA CVs)

Top level communications skills with ability to deliver it across mediums and

Experience of global travelwith the ability to speak another language fluently welcome

Education Preferred :

Bachelor of Arts (B.A) or equivalent experience

Bachelor of Science (B.S) or equivalent experience

Masters in Business Administration

Experience :

8-10 Years experience preferred (VP / Principal level)