Asset & Wealth Management, External Investing Group (XIG) Private Equity Investment Team (Petershill Strategies), Associate

Goldman Sachs Asset & Wealth Management

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 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.

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 commitments in private fund commitments.

Responsibilities 

• Conduct due diligence and evaluate GP stakes and preferred equity transactions, with a specific focus on fundamental valuation across a broad range of strategy and sector focused GPs
• Develop materials and present investment opportunities to the Investment Committee through written and oral presentations, and conduct required follow-up analysis
• Coordinate the execution of investments across all deal types, including working closely with internal (e.g., internal counsel, compliance, risk and liquidity management) and external parties (e.g., private market GPs, external counsel)
• Assist in cultivating 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 

• Minimum of 3 years of experience in Investment Banking/Corporate Finance/M&A/Leverage Finance/GP stakes/Private Equity/Other Private or Public Markets Investing
• Sound investment judgment and outstanding numerical, modeling, analytical and valuation skills for the purpose of assessing investment opportunities
• 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