The incumbent is additionally responsible for developing and managing a qualified staff, and for working cooperatively and constructively with other Assistant Investment Officers and PERS directors and managers.
Conducts searches for, evaluates, and recommends external private equity managers.
Such due diligence includes financial analysis, comparative analysis, review of public and private information relating to potential investments, in-person meetings with management, and other actions as appropriate. Provides written recommendations to the Director of Investments. Negotiates pricing and structural features of proposed transactions, including protective covenants, representations, warranties, claw-backs, etc. to enhance PERS' position and interest. Works with internal legal counsel to negotiate and finalize transaction contracts and related documentation. Performs continual assessment of holdings for possible sale to maximize the economic return of PERS' private market holdings.