What are the responsibilities and job description for the Analyst / Associate - Private Equity position at Alaska Permanent Fund Corporation?
Job Description
Job Description
Salary : $110,000 - $160,000 annually
Analyst / Associate Private Equity
The Alaska Permanent Fund Corporation (APFC) manages the $84 billion Alaska Permanent Fund, a sovereign endowment established in 1976 to provide for all current and future generations of Alaskans. We are growing and plan to add several experienced and talented investors to our investment team. Below you will find the basicresponsibilities and qualifications for this position and an overview of the Private Equity asset class.
The Analyst / Associate reports to the Director of Private Equity and shares responsibility for identifying, analyzing, monitoring and managing private equity fund investments, co-investments, and direct investments. The Private Equity team is dedicated to the creative development and responsible management of superior and durable investment portfolios. By combining best-in-class manager selection with the ability to strategically deploy capital directly into attractive opportunities, the Private Equity team seeks to deliver accretive, risk-adjusted returns over the long term.
Key Responsibilities
- Source, screen and evaluate prospective fund, co-investment and direct investment opportunities
- Perform detailed due diligence on opportunities in a range of areas including : manager, team and strategy assessments; valuation and sensitivity analysis; market analysis; and other tools to identify and assess investment risks and merits
- Synthesize results of screening and due diligence into investment memos and present findings to senior team members and the Investment Committee
- Develop additional analytical tools and frameworks to assess potential investments, investment themes, portfolio construction, and investment pacing
- Prepare and assist with research on investment themes and special projects
- Prepare materials for, and participate in, internal meetings, due diligence meetings and board meetings
- Monitor and manage current investments and pipeline
- Assist in the development board meeting materials
- Develop and maintain relationships with industry participants including other limited partners, general partners, and industry thought leaders through participation in annual meetings, advisory committee meetings, industry conferences and other ad hoc meetings and events
The successful candidate will have the following qualities :
Required Qualifications
APFC seeks to hire individuals who are highly motivated, have demonstrated excellence in prior endeavors, and have the following qualifications :
Preferred Qualifications
Investment Strategies
In Private Equity , APFC makes fund investments, co-investments, and direct investments in private equity, venture capital, and other illiquid, alternative investment opportunities. The team oversees the investment process from opportunity identification through evaluation, structuring, negotiation, execution, management, and exit. We aim to establish and develop robust and lasting relationships with exceptionally talented fund managers and help them create value in their partnerships and in their portfolios. For co-investments, we focus on non-control positions well-diversified across company stage, industry and geography in growing, innovative companies.
Additionally, we leverage our scale and stable, long-term capital to source, evaluate and execute high conviction, higher concentration, theme-driven investments. The team operates with a flexible mandate centering primarily around situations stemming from unusual supply and demand imbalances, capital flight, structural complexities, or unique opportunities with asymmetric payoffs. Investments cover a wide spectrum, including directly-sourced private equity transactions, strategic co-investments alongside GPs, and ownership stakes in differentiated investment management firms.
The Private Equity portfolio has an 18% target allocation and is valued at approximately $15 billion (18% of the total fund). The Private Equity program deploys approximately $1.5 billion annually across a range of investments.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may be added, removed or changed at any time with or without notice.
AAP / EEO Statement
APFC provides equal employment and advancement opportunities to all. APFC follows all applicable Federal and State laws and does not discriminate in employment opportunities or practices on the basis of race, color, religion, gender, gender orientation, national origin, age, disability, or any other class protected by law.
Salary : $110,000 - $160,000
