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Investment Director - Private Equity

University of California Office of the President
$315,000 - $355,000
United States, California, Oakland
1111 Franklin Street (Show on map)
Oct 09, 2025
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Job ID
81745
Location
Oakland
Full/Part Time
Full Time
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Job Posting

INVESTMENT DIRECTOR, PRIVATE EQUITY

UC OFFICE OF THE PRESIDENT

At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer Prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good.

The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President

DEPARTMENT OVERVIEW

The Office of the Chief Investment Officer is responsible for managing the University of California's retirement, endowment, working capital, and cash assets under the policies, guidelines, and performance benchmarks established by the Regents. The mission of the Office is to implement those policies and guidelines by selecting, executing, and monitoring investment strategies designed to add value over the benchmarks within a risk-controlled framework. The Office adheres to high ethical as well as professional standards in serving the investment management needs of its constituency and the Chief Investment Officer has full investment discretion. The leadership of the Office of the Chief Investment Officer (UC Investments) is responsible for the oversight and management of various asset classes by creating and monitoring relationships with new and existing managers, evaluating and selecting new external managers, and creating risk and investment guidelines for external managers. The Private Equity Director plays an important role in the supporting achievement of office-wide goals and investment outcomes.

POSITION SUMMARY

In collaboration with the Chief Investment Officer, the Private Equity Director plays a critical role in setting the private equity strategy and helping ensure the portfolio achieves performance targets. The ideal candidate will bring significant product knowledge and extensive experience in private equity to the role, which they can leverage to work on complex issues and deals that may have little or no precedent, potentially in collaboration with other asset class teams. The Director will exercise excellent judgement in selecting methods, techniques, and evaluation criteria for obtaining results and bring creativity to identification and structuring of investment opportunities. They will have significant internal and external contacts with potential to facilitate investment opportunities on behalf of the office.

Responsibilities

55%

Investment Management & Strategy

  • Lead due diligence on prospective investments from beginning to end, including primary fund commitments, co-investments, and secondaries. This includes assessing the investment strategy, management team, investment risks, portfolio valuations, reference calls etc.
  • Write clear and concise independent investment recommendations based on due diligence. Deliver high quality finished work product in a timely fashion. Provide fundamental analysis and research as part of the due diligence and clearly articulate findings and recommendations to the Chief Investment Officer in a collaborative fashion.
  • Take lead in legal negotiations and fund closings to ensure compliance with the Regents' policies.
  • Recommend investment ideas and/or opportunities to the broader Private Equity team for discussion and review.
  • Contribute meaningful comments on the merits and risks of investment opportunities and demonstrate sound investment decision making skills.
  • Manage relationship building with C-suite executives of select investments for the purposes of developing a pipeline of investment opportunities.
  • As needed, represent the University of California on advisory boards and provide comprehensive industry feedback and sound guidance to the General Partners as necessary. May lead restructuring of a fund by collaborating with the advisory board members and the General Partner.
  • Maintain active involvement with assigned private equity funds by attending annual meetings, having at least one touch point each year with each fund, documenting annual meetings, reviewing quarterly financial statements, and understanding significant valuation or policy changes. Attend additional meetings on behalf of the private equity team as needed.
  • Be able to speak in depth about each assigned fund/GP relationship. Contribute to hold/sell recommendation for public stock distributions from private equity funds as necessary.
  • Prepare and maintain standardized investment reports on fund managers in the portfolios, as well as those under consideration, and make recommendations for decision-making purposes.

20%

Research

  • Conduct independent fundamental research and analysis within the due diligence process to identify, evaluate, negotiate, and monitor the performance of investments in the asset class.
  • Monitor fundamental research and identify industry trends and market intelligence and communicate the findings of such insights to the investment group.
  • Lead the Limited Partnership agreement review and ensure all aspects of closing a fund are being met from relationship and business perspectives.
  • Provide other research and analytical support as needed.

15%

Risk analysis

  • Analyze and manage risk in the overarching "Risk Rules" framework at UC Investments, which emphasizes leverage, liquidity, concentration, and worst-case downside risks.
  • Consult with the Chief Investment Officer on the overall impact of an investment on the risk reward of the entire portfolio.
  • Monitor capital calls and distributions and contribute to liquidity risk management within the private equity portfolio.

10%

Leadership

  • Encourage and support the growth and development of junior team members by collaborating to provide and/or identify development opportunities and providing timely constructive feedback
  • Providing guidance to Investment Officers and Senior Investment Analysts on their due diligence efforts.

QUALIFICATIONS

Required Qualifications

  • Highly developed skill to quickly research and collect pertinent information.

  • Expert ability to integrate essential information, and use that information to define and test options and alternatives.

  • Expert in developing recommendations and justification for the most productive course of action.

  • Expert ability to prepare and / or edit complex reports involving logical and quantitative analysis, so that it is clearly understandable by both technical and lay readers and effectively advances and justifies a specific proposal or set of recommendations

  • Expert interpersonal skills as demonstrated by the ability to interact with others in a consistently positive manner, exercise discretion and tact, and gain consensus in an environment where others may have strongly conflicting ideas and goals.

  • Expert verbal and written communication and presentation skills.

  • Expert ability to articulate ideas and issues clearly, concisely and persuasively to a variety of audiences.

  • Highly developed ability to be insightful and use creative skill in reasoning and logic, and in quantitative analysis.

  • Increasing levels of responsibility in the investment discipline.

  • Expert ability to identify critical information.

  • Strong familiarity with risk management concepts and techniques.

  • Delivered consistently strong performance in a similar organization or investment firm.

Preferred Qualifications

  • Strong working knowledge of other asset classes is preferable but not required.

Education

  • MBA / CFA and 6 or more years of experience or an equivalent combination of education and experience.

SPECIAL CONDITIONS

This position is currently eligible for hybrid work arrangement. The selected candidate must reside in California and will be required to report to work onsite in Oakland, as business needs dictate.

SALARY AND BENEFITS

Job Title

Investment Director, Private Equity

Job Code
000239

Salary Grade
Grade 49

Payscale:

$315,000 - $355,000

The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range reflects a wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.

Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging

HOW TO APPLY

Please be prepared to attach a cover letter and resume with your application.

APPLICATION REVIEW DATE

The first review date for this job is October 30 ,2025 . The position will be open until filled.

CONDITIONS OF EMPLOYMENT

Background Check Process: Successful completion of a background check is required for this critical position. Background check process at UCOP

Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy

August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy

EEO STATEMENT

The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy

The University of California, Office of the President, strives to make this job board accessible to any and all users. If you have comments regarding the accessibility of our website or need assistance completing the application process, please contact us at: Accessibility or email the Human Resource Department at: epost@ucop.edu.

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