Johns Hopkins University has launched a search for a managing director to help set and execute on private markets strategy for the $8 billion endowment manager.
“This is a significant opportunity to further build out a private equity program in a broader portfolio with ample liquidity and a goal to materially increase private equity exposure, and the buyout exposure specifically,” stated a position description from executive search firm David Barrett Partners.
Significant opportunity indeed. Plum positions to head private equity portfolios for multi-billion-dollar foundations and endowments don’t hit our radar very often at Private Equity Career News. The opening also comes at a time when the job market in private equity appears to be tightening.
Along with a director of private markets, Baltimore-based teaching and research institution seeks an analyst for its investment office, which manages endowments for the university, Johns Hopkins Hospital and other related entities. Salary ranges were not included in the job descriptions.
The Position: The private markets managing director will source, evaluate and recommend investment opportunities. Candidates for the job, based in Baltimore or Washington DC, need at least 12 years of experience with private equity manager selection and portfolio construction, including buyouts. The position reports to Chief Investment Officer Jason Perlioni, a former CIO for Pritzker Group Asset Management and former director and portfolio manager at UBS Global Asset Management.
The Team: It was not immediately clear if the managing director of private markets position is a new one. Media and investment office contacts at Johns Hopkins University did not respond by press time for more information about the jobs, which were posted in March. Along with Perlioni, other investment team leaders include Christopher Lenox, deputy chief investment officer; and Mark Rooney, managing director of investments.
Two rainmakers who spent more than a dozen years as colleagues at Audax Private Equity have joined forces to close their first platform investment. And they look forward to additional firsts: their first associate hires, their first Boston office, and their first committed fund.
The following Big Move! items appeared in the March 22 edition of Private Equity Career News:
Buyout firm Charlesbank Capital Partners and credit shopBeach Point Capital Management have hired new senior talent executives, the latest moves by PE firms to strengthen their talent leadership ranks. Both firms employ teams of more than 160 people.
The number of women and minority-owned private equity and venture capital firms in the United States has grown rapidly in recent years, to more than 900.
The San Francisco Employees’ Retirement System has opened a search for a senior portfolio manager of private credit as it expands its private credit portfolio.
The following Big Move items appeared in the March 8 free edition of Private Equity Career News: