Primary Purpose of the Role
Identification and evaluation of attractive prospective private company investments for the firm to increase pipeline of actionable private investments…
Work closely with analysts and PMs in TRPA and TRPIM to conduct diligence on private companies
Serve as member of decision-making team for investments in the private company fund
Share relevant insights with public investors from active participation in the private company ecosystem
Principal Responsibilities
Deal Sourcing: Actively interacts with venture capital, growth and private equity firms, private companies and other private company ecosystem partners to establish relationships and build a pipeline of the most promising late-stage (1-3 years from IPO) private companies globally. This requires regular attendance at conferences/events showcasing private companies, a consistent calling effort on leading VC and PE firms and follow-up with top portfolio companies, building relationships with subject matter experts and collaboration with TRP investors to follow up on leads from their collective networks. Ideally, we will establish relationships with companies at least several quarters prior to the time when the firm would consider an investment.
Company Evaluation: Conducts preliminary analysis, either independently or in partnership with sector analysts, to determine if a company is of sufficient quality to prioritize for tracking and engaging a broader group of TRP investors to consider. This work can include channel checks, preliminary financial model creation, assessment of management quality, comparison with public comparable companies, etc.
Private Fund Investment Committee Member: Serves as one of three (to five) committee members who make the final decision on investments for upcoming late-stage private company fund based on recommendations from sub-committees in TRPA and TRPIM. Will have responsibilities, in conjunction with sector analysts and other members of the Centralized Private Equity Team, for monitoring the progress of investments in the private fund. Responsible for portfolio construction, interaction with limited partner investors in the fund, fund raising and overall fund strategy.
Collaboration: Communicates regularly with TRP analysts and PMs to share relevant insights gained from meetings, conversations, conferences etc. in the private company ecosystem that could provide important read-throughs to public holdings. Also meets regularly with sector analysts to discuss private companies in their industries to prioritize private analyst calling effort.
Success Measures:
• Performance of sourced private company investments in the public funds
• Overall performance of the dedicated private fund
• Investor feedback on the value-added to their involvement in private company investments in terms of bandwidth creation, initial analysis assistance, sourcing, etc.
• Investor feedback on value of insights provided from experience in private company ecosystem
• Effectiveness in development of the private fund franchise at TRP
• Effectiveness in fund raising and LP relations
Qualifications:
• Undergraduate degree and 5-10+ years of relevant work experience
• MBA or CFA preferred
Preferred Qualifications:
• Strong investment track record
• Experience with private company investments
• Willingness to establish and maintain strong relationships with venture capital and growth and private equity firms
• Stylistic compatibility-i.e.-comfortable with greater risk than involved in public investing and assessing companies at much earlier stage
• Ability to maintain highly organized approach to managing external relationships with both sponsors and private companies
• Ability to focus on both larger industry trends and the specifics of a company’s business model
• Ability to challenge views of the sector analysts and sub-committees to enhance the decision-making process
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for remote work up to one day a week.
Regional Requirements:
Base salary range:
$ 175,000 – 275,000 USD
For the location of: California
Company: T Rowe Price
Location: Anywhere
Salary Range:
Job Providers:
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