ASSET MANAGEMENT
A career with Goldman Sachs Asset 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 $2 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 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.
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About XIG
The External Investing Group (XIG) is responsible for identifying, researching and selecting leading third-party investment managers. The group provides investors with investment and advisory solutions across leading hedge fund managers, private equity funds, secondaries, GP stakes, real estate managers, public equity and fixed income strategies.
With over 350 professionals across 11 offices globally, XIG helps institutional and individual investors with their program design, manager diligence, portfolio construction and risk management. The investment solutions in XIG have a long history and our programs have seeded and partnered with many of the world's most prominent alternative investment managers.
Today, XIG oversees over $300 billion across portfolios of both customized and commingled fund solutions as one of the world's broadest, deepest and longest-standing "open architecture" programs. We manage globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services. Our investors generally access opportunities through new fund commitments, secondary market investments, co-investments, seed capital investments, investment manager equity / revenue share stakes, or fund of fund solutions.
Principal Responsibilities:
- Conduct sourcing and due diligence of private credit funds for consideration as part of fund of funds, separate account mandates and advisory mandates
- Present investment opportunities to the Investment Committee through written and oral presentations
- Coordinate the execution of investments, including working closely with internal (e.g., internal counsel) and external parties (e.g., private credit managers)
- Monitor the performance and risk profile of existing investments
- Perform industry research to support sourcing, diligence, and investment monitoring
- Provide portfolio updates and present investment views to XIG clients
Experience & Skills:
- Minimum of 5 years of experience in manager selection/private credit/credit hedge funds/credit rating/leverage finance/other private or public markets investing
- Experience across a range of credit strategies (e.g., direct lending, opportunistic and distressed credit, structured credit, real estate credit, other specialty credit strategies) is preferred
- Outstanding numerical and analytical skills for the purpose of assessing investment opportunities
- Strong presentation, communication, and writing skills enabling the candidate to make robust recommendations to the Investment Committee
- Excellent time, people, and project management skills
- Ability to work effectively as part of a global 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 available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.