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Job Descrption

Investment Director - PE Funds & Co-Investment

Business Area: Private Markets

Place of Work: London

Contract Type: Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career.

Given our size, you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.

About the role

In your role as Investment Director - PE Funds & Co-Investment you will make a meaningful and valued contribution from the outset.

This role will provide a great opportunity to lead the underwriting, monitoring and management of indirect Private Equity investments (funds and co-investments), plus the coordination and oversight of the approach to indirect investments across PMG.

What you will be doing
• Lead PE co-investment and PE fund underwritings directly, and have direct... responsibility for a number of key GP/sponsor relationships
• Participate in the portfolio management by proactively (i) recommend solutions and (ii) suggest changes to the portfolio construction, both through supporting analysis and research
• Represent USS on limited partner advisory boards as well as within industry, including attendance and presenting at conferences and proactively promoting the investment strategy and team of the PMG
• Proactively participate in operational aspects of the PMG, suggesting and implementing efficiencies or changes in process, procedures or structure where necessary
• Assist, with the other IDs, the Head of PE in managing the mandate’s operations including scheduling of PE AC’s and PE Team Meetings and communicating the outcomes across PMG
• Assist the PE team with the elaboration of fund monitoring reports and specifically the Funds PRC material
• Provide line management to individual Analysts in addition to mentoring and support to all Associates and Analysts

About you

We know that sometimes people can be put off applying for a job if they don't tick every box. If you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role you will have:
• Extensive experience of private equity funds as a principal, with experience in investing in funds & Co-investments; or experience in private equity secondary investing
• Extensive knowledge of and relationships in the private equity community
• A thorough understanding of partnership agreements
• Excellent financial modelling skills, strong understanding of company valuation techniques and portfolio construction
• A degree in finance related subject from a top-tier university, or a post graduate qualification, either CFA or an MBA
• Capable of both bottom up investment analytics and top down strategic thinking
• Ability to manage teams to deliver high quality work under constrained timelines
• Competent at prioritisation, process organisation, and management of multiple workstreams
• Ability to influence and negotiate to fulfil investment objectives

Why join us?

At USS, every individual contributes to building a secure financial future for our members and their families.

We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others.

We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team.

Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you
• Great starting salary
• Generous annual leave package
• Access to a high quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Day’s to support the communities where you work and live
• Cycle to Work Scheme

Our culture and values

Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves.

Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:
• Integrity
• Collaboration
• Excellence

About us

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK.

We work with around 330 employers to help build a secure financial future for more than 528,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visit https://www.uss.co.uk

The Private Markets Group (PMG) consists of a 70+ person team that oversees c. £25 billion in assets across a fast-growing and diverse portfolio of private equity, infrastructure, private credit and property investments on behalf of the Universities Superannuation Scheme (USS).

By operating as a single team, with individual areas of specialism and expertise, PMG is able to combine its resources through a “OnePMG" approach to investing which allows us to maximise origination, due diligence, transaction execution and asset management by tailoring the right mix of skills.

Capable of deploying capital across the full range of private market investing (direct, joint ventures, partnerships, co-investments and funds), and with in-house asset management and strategy teams complementing our investment function, PMG has developed a strong track record of innovation that is frequently recognised by our peers across equity, credit and property and, as one of the UK’s pre-eminent private markets’ investors, PMG often partners with many of the largest, most respected global financial institutions.

PMG’s portfolio includes ownership of some of the UK’s largest and most recognisable private companies including Heathrow Airport and Moto, and, through its holdings, is an established presence in the UK renewables sector.

We also hold governance positions through our investments in a range of companies located across the EU, North America and Australia with exposure across different industries and sectors.

Being part of USS Investment Management (USSIM), the in-house manager for the UK’s largest pension scheme and serving the needs of USS and its members, PMG takes its role as a responsible investor seriously and is committed to adopting and promoting strong ESG credentials across its investments.

USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent.

We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk

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