Investing & Portfolio Management - Public
Goldman Sachs Bank AG, New York, New York, us, 10261
Overview
Asset & Wealth Management, External Investing Group (XIG), Private Equity Investment Team (Petershill Strategies), Vice President - New York location_on New York, New York, United States A 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 the 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. Location
New York 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 capital. Responsibilities
Lead due diligence and evaluation process for GP stakes and preferred equity investments, with a specific focus on developing the investment thesis, identifying key risks, and fundamental valuation across a broad range of strategy and sector focused GPs Lead presentations of investment opportunities to the Investment Committee through written and oral presentations, and oversee development of Investment Committee materials and any required follow-up analysis Lead the execution of investments across all deal types, including negotiation of key investment terms with senior leaders of potential GP partners, while also working closely with internal (e.g., internal counsel, compliance, risk and liquidity management) and external parties (e.g., external counsel, consultants) Cultivate 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
7-10 years of relevant experience in GP Stakes/GP Solutions/Investment Banking/Private Equity/Corporate Development Ability to lead the evaluation of a GP stake or related capital solution investment opportunity, including leading the due diligence process, development of the investment thesis, identifying key risks, and fundamental valuation Ability to lead and manage a diligence team and oversee the production of materials and modeling for investment opportunities Ability to lead the execution of a GP stake investment opportunity, including the ability to negotiate key investment terms with senior leaders of potential GP partners and ability to work closely with internal and external parties to close investments 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 $125000-$290000. 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 availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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Asset & Wealth Management, External Investing Group (XIG), Private Equity Investment Team (Petershill Strategies), Vice President - New York location_on New York, New York, United States A 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 the 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. Location
New York 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 capital. Responsibilities
Lead due diligence and evaluation process for GP stakes and preferred equity investments, with a specific focus on developing the investment thesis, identifying key risks, and fundamental valuation across a broad range of strategy and sector focused GPs Lead presentations of investment opportunities to the Investment Committee through written and oral presentations, and oversee development of Investment Committee materials and any required follow-up analysis Lead the execution of investments across all deal types, including negotiation of key investment terms with senior leaders of potential GP partners, while also working closely with internal (e.g., internal counsel, compliance, risk and liquidity management) and external parties (e.g., external counsel, consultants) Cultivate 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
7-10 years of relevant experience in GP Stakes/GP Solutions/Investment Banking/Private Equity/Corporate Development Ability to lead the evaluation of a GP stake or related capital solution investment opportunity, including leading the due diligence process, development of the investment thesis, identifying key risks, and fundamental valuation Ability to lead and manage a diligence team and oversee the production of materials and modeling for investment opportunities Ability to lead the execution of a GP stake investment opportunity, including the ability to negotiate key investment terms with senior leaders of potential GP partners and ability to work closely with internal and external parties to close investments 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 $125000-$290000. 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 availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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