Vice President, Portfolio Finance, AlpInvest

The Carlyle Group

New York, NY, USA

Posted on February 12, 2024

Position Summary

AlpInvest Overview

AlpInvest Partners is one of the largest private equity investors globally with over $70 billion of total capital committed and more than 95 investment professionals. AlpInvest (also referred to as Carlyle Global Investment Solutions), with offices in New York, London, Amsterdam, Hong Kong, Singapore, and Tokyo, is a core division of the Carlyle Group.

AlpInvest operates through three closely integrated investment teams: (i) Primary Investments commits capital to new private equity funds, (ii) Co-Investments invests directly in private equity companies alongside our relationship private equity managers through, and (iii) Secondary & Portfolio Finance provides various liquidity solutions through a broad range of transactions throughout the capital structure.

Fund Description

AlpInvest’s Secondary and Portfolio Finance team spans the globe and boasts decades of investment expertise and experience through market cycles. Across our Secondary and Portfolio Finance platform, our capital solutions range from credit-oriented financings for private equity funds and management companies to GP-centered secondary transactions including continuation funds, spinouts and fund recaps.

Having committed over $28 billion since 2002, across more than 200 secondaries and portfolio finance investments, we have significant experience helping owners and managers of private equity assets navigate a wide range of situations. We provide professional and efficient execution, backed by our deep expertise and our reputation as a leader in the industry. Our collaborative sponsor-centric approach leverages our Primary Fund Investment and Co-investment capabilities to deliver real sourcing and information advantages from a universe of nearly 400 private equity firms globally.

Position Summary

AlpInvest is seeking to hire a Vice President within its Secondary and Portfolio Finance team focused on Portfolio Finance investments. Since 2018, AlpInvest’s Portfolio Finance platform has provided credit-oriented capital solutions to managers and owners of private equity assets. AlpInvest provides a range of NAV-based loans, preferred equity and structured equity financings for private equity funds, GP management companies and LP Interest Portfolios while also actively pursuing credit secondary investments. This is an opportunity to join a fast-growing business that is seeking to expand a market-leading platform in one of the newest and fastest-growing segments of private equity.

Responsibilities

Primary Responsibilities

This hire will be a key member of the investment team working in a flat team environment directly with senior investment professionals. Key job functions include:

Lead evaluation, structuring and execution of transactions within a fast-growing segment of the private capital market
Manage due diligence process, including leveraging third-party resources and interacting private equity sponsors
Develop and mentor junior investment professionals
Determine appropriate valuations, legal/ tax structures and capital structures
Prepare memos and recommendations for investment committee
Negotiate transaction agreements and financing documents
Prepare periodic investor updates and support Portfolio Finance fundraising activities

Qualifications

Requirements

Education & Certificates

Bachelor’s degree required; MBA is a plus

Professional Experience

The target candidate will have a minimum of 5 and up to 10 years of experience, with prior experience in leveraged finance, direct lending, opportunistic credit and/or fund finance. Successful candidates will be team players with the confidence to interact with private equity general partners through frequent direct interaction and ability to thrive in a fast-paced and entrepreneurial environment. The target candidate’s background will include:

Familiarity with private equity and/or credit investments
Previous experience in executing leveraged loan, high yield, preferred equity or similar credit-oriented transactions preferred.
Advanced financial modeling capability, including the ability work without templates to interpret financial metrics when analyzing investment opportunities
Excellent verbal and written communication skills

Benefits/Compensation

The compensation range for this role is specific to New York City and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.

The anticipated base salary range for this role is $250,000.

In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.

Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by The Carlyle Group.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $382 billion of assets under management and more than half of the AUM managed by women, across 600 investment vehicles as of September 30, 2023. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 2,200 professionals operating in 28 offices in North America, South America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle’s purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments – Global Private Equity, Global Credit and Investment Solutions – and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

At Carlyle, we know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.