PORTFOLIO MANAGER - PRIVATE EQUITY - 69773

Executive Service

Who we are and what we do:

The Tennessee Department of Treasury impacts the lives of Tennesseans every day. Treasury is responsible for many of the financial operations of state government, including managing more than $125 billion in assets through its various investment programs. We administer the States Retirement Program, RetireReadyTN, which combines the state pension plan, Tennessee Consolidated Retirement System, and the States Deferred Compensation plan. Treasury serves all Tennesseans by helping to educate and empower individuals to make informed financial choices, and by providing public-serving programs in the areas of college savings, financial literacy, unclaimed property, criminal injuries compensation, and more. The Investments Division of the Tennessee Department of Treasury serves all of the people of Tennessee by stewarding financial resources for many programs that help the Tennessee community from a teachers retirement to a child's college fund, and beyond. We invite you to consider joining our diverse team of intellectually curious professionals, who embrace the unique value each of us brings to the group as we work together toward our shared goals. Joining our team offers competitive compensation, excellent health and wellness benefits, a top-ranked retirement plan, work-life balance and flexibility, a supportive place to grow in your profession, and a great city in which to live.

Job Overview:

The Tennessee Department of Treasury is seeking a Portfolio Manager to support the private equity investment program of the Tennessee Consolidated Retirement System (TCRS). This position is part of a team of professionals who collaborate to manage a portfolio of relatively high risk / return investments. The position is located in Nashville, TN. The private equity portfolio represents over $9 billion in net asset value as one of three alternatives portfolios within the TCRS, and has a target allocation of 10% in the plan. The private equity team invests with external investment managers that pursue strategies such as leveraged buyouts, growth equity, and venture capital. The successful candidate will join the team and be responsible for assisting the private equity portfolio managers with the management of the portfolio. This position offers substantial opportunities to grow in the investment profession.

Key Responsibilities:

1. Assist with monitoring portfolio investments and maintaining relationships with current General Partners.
2. Assist with sourcing, due diligence, selection and closing of new fund commitments Participate in frequent discussions with internal staff and external private equity consultant.
3. Generate recurring and ad hoc reports on the private equity program.
4. Conduct special projects as determined by the Director of Private Equity and/or Chief Investment Officer.
5. Travel to annual meetings, conferences, and due diligence visits.

Minimum Qualifications:

Bachelors degree Proven oral and written communication skills Either an MBA, the CFA designation, or the CAIA designation; and At least seven years of investment management experience, with private equity fund investment experience strongly preferred.

Pursuant to the State of Tennessee's Workplace Discrimination and Harassment policy, the State is firmly committed to the principle of fair and equal employment opportunities for its citizens and strives to protect the rights and opportunities of all people to seek, obtain, and hold employment without being subjected to illegal discrimination and harassment in the workplace. It is the State's policy to provide an environment free of discrimination and harassment of an individual because of that person's race, color, national origin, age (40 and over), sex, pregnancy, religion, creed, disability, veteran's status or any other category protected by state and/or federal civil rights laws.