We are currently seeking a VP / Director to work in Citi's Private Funds Group in New York.
Citi's Private Funds Group is comprised of secondary advisory, primary placement and LP interest portfolio financing.
The VP / Director will focus on originating and executing private equity sponsor-led secondaries, including single-asset and multi-asset continuation funds and other private equity secondary market transactions.
Private Funds GroupCiti's Private Funds group ("PFG") advises private equity sponsors and private equity limited partners ("LPs") on secondary market transactions. The group is also selectively involved in primary fundraising mandates for our private equity clients.
This role will leverage past investment banking or related private equity experience to help originate and advise on secondary transactions and engage in select capital raises.
The PFG team advises leading sponsors and institutional investors on a variety of strategic transactions across the private capital spectrum, including (i) sponsor driven fund-level advisory (i.e., continuation funds, tender offers, strip sales, preferred equity), (ii) seeded fundraise and management team spin-outs, (iii) collateralized fund obligations, (iv) LP interest portfolio financing and (v) sell-side advisory and liquidity for LP portfolios of private equity interests. The team advises on a broad spectrum of Private Equity strategies including buyout, real estate, infrastructure/power, venture, private credit and energy.
The team leverages the broader Citi franchise to offer advisory and financing solutions financial sponsors, sovereign wealth funds, and pension plans and works in close partnership with Citi's Banking, Capital Markets and Advisory ("BCMA") platform.
Individual Responsibilities- Sources prospective secondary mandates from private equity sponsors
- Build investment models and prepare pitch books to present to private equity clients and institutional investors
- Project manage live transactions and maintain close dialogue with secondary investors to drive momentum
- Expand and maintain close relationships the secondary investor community
- Develop new creative ideas and solutions to sponsor needs and identify cross-product opportunities
- Collaborate cross-functionally within investment banking coverage groups, M&A, capital markets and private bank
Requirements- Bachelor's degree from an accredited college or university
- 7-10+ years of experience in a similar position or related financial services position or prior experience in private equity
- Solid understanding of the private equity market
- Strong relationships in the LP universe, preferably with secondary investors
- Familiarity performing financial and valuation analyses and utilizing financial services industry databases and tools
- Outstanding communication skills when presenting to clients and senior executives
- Proven ability to develop creative solutions to meet client objectives
Skills and Qualifications- Highly motivated and ability to inherit ownership with little guidance
- Attention to detail
- Proven ability to source new mandates and investor relationships
- Strong analytical and quantitative skills
- Excellent interpersonal and communications skills
- Ability to work and navigate within a large organization
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Job Family Group: Institutional Sales
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Job Family:Investor Sales
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Time Type:------------------------------------------------------
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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