Private Equity Partners Overview
BlackRock Private Equity Partners (“BlackRock PEP”) is the private equity investment solutions group at BlackRock. Private Equity Partners has offices in Princeton, Zurich, London and Hong Kong with total AUM of more than $35 billion across a range of commingled funds and separate accounts. Major investors with BlackRock PEP include insurance firms, pension funds, endowments, sovereign wealth funds and sophisticated family offices. BlackRock PEP invests globally across the range of private equity strategies, including venture capital, growth, buyouts, distressed, and special situations.
Job Purpose/Background
PEP is looking for an investment professional to join as a Vice President. The candidate will be an active participant in the direct co-investment and fund selection process by performing screening, research, financial modeling, and other quantitative & qualitative analyses as part of the investment team. The ideal candidate should have a Bachelor’s degree and some relevant training or investment experience (e.g., private equity, investment banking or management consulting).
This position demands excellent communication skills, strong analytical insight and financial modeling skills, perseverance and creativity in accessing information, the ability to balance multiple tasks, but most importantly, the ability to work effectively in a cross-border, team environment and a passion for private equity investing.
Key Responsibilities
· Participate in due diligence of investment opportunities (direct investments, primary funds, and secondaries), including conducting market and company research, preparing valuation analyses, financial and operating models, and investment memoranda, and presenting recommendations to the senior investment team
· Coordinate with service providers and internal BlackRock groups (Legal, Operations, and Risk) to manage the closings of new investments
· Develop and maintain relationships with private equity fund general partners and intermediaries
· Work with and help guide the development of junior investment professionals
· Assist in the preparation of summary review materials in support of internal quarterly reviews, external investor reports, advisory board meetings, and fundraising
Requirements
· 3 - 6 years of relevant work experience
· Communication skills – Strong written and oral presentation skills, with the ability to effectively formulate and articulate opinions persuasively
· Technical skills – Ability to understand and develop financial models for companies and private equity funds (e.g., LBO models, valuation models, fund cash flow models)
· Analytical and critical thinking – Ability to identify and articulate key investment considerations and risks. Ability to constructively review and critique other team members’ work, and willingness to receive and respect alternate points of view
· Interpersonal & team skills – Comfortable with consensus decision-making and working in a cross-border, strong team-based environment
· High level of intellectual curiosity
· Self-starter with strong initiative
