Principal, Direct Private Equity

Company Description

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney. 

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe.  Join our team and look forward to: 

• Diverse and inspiring colleagues and approachable leaders 
• Stimulating work in a fast-paced, intellectually challenging environment 
• Accelerated exposure and responsibility 
• Global career development opportunities 
• Being motivated every day by CPP Investments’ important social purpose and unshakable principles 
• A flexible/hybrid work environment combining in office collaboration and remote working
• A deeply rooted culture of Integrity, Partnership and High Performance 

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments. 

Job Description

Role-specific accountabilities:

• Drive end-to-end execution of due diligence and negotiation of investment opportunities, portfolio company strategic and value creation initiatives, and internal strategic projects, serving as a team lead with oversight responsibility over deal and project teams.
• Oversee the process of evaluating investment opportunities, including leading development of key investment theses, workplan development, allocation and oversight of workstreams and responsibilities, and project management.
• Manage, direct, coach, mentor, and advise junior professionals on the Technology, Media & Telecom (“TMT”) team and on project-specific teams comprised of individuals across the Direct Private Equity group.
• Provide feedback to junior professionals on their professional development and work product.
• Provide input to annual year-end performance measurement, calibration, and compensation decisions for junior professionals across the Direct Private Equity group.
• Lead and oversee key project workstreams, including commercial and financial due diligence, the development of complex dynamic financial models, and valuation analyses.
• Lead relationships and day-to-day interactions with third party advisors and consultants, including law firms, accounting firms, consulting firms, and investment banks, as well as company management teams.
• Drive end-to-end execution of portfolio company exits, including public market listings, sales to financial sponsors, and sales to strategic parties.
• Lead and oversee the development of internal investment memoranda and recommendations.
• Play a key role in investment committee discussions.
• Negotiate transaction and governance agreements and other transaction-related legal documentation.
• Oversee ongoing financial and operating performance of portfolio companies, including through board participation and representation.
• Build and maintain relationships with portfolio company management teams.
• Lead the development of internal materials to disseminate key portfolio company updates and recommendations.
• Source investment opportunities through preparing subsector and company primers to identify attractive market subsectors and trends, companies of interest, and investing partners, and presenting findings.
• Develop origination strategies and approaches. Identify attractive market subsectors, companies of interest, and relevant investing partners, serving as a working team lead with oversight of subsector teams.
• Develop and nurture relationships with management teams and investing partners.
• Build industry knowledge and stay current on industry developments and trends. Interview prospective new analysts or associates to assess fit in support of team recruiting efforts.
• Participate in strategic initiatives to support the achievement of Direct Private Equity group and Private Equity department goals.
• Perform private equity investing and portfolio company asset management in the technology and/or financial services sectors.
• Execute private equity control transactions (leveraged buyouts) valued in excess of $2 billion enterprise value and equity investments greater than $500 million per investment.
• Work with Microsoft Office 365, CapitalIQ, SNL Financial (S&P CapitalIQ Pro), Workday, Qualtrics, Protegent, ServiceNow, and PeopleFluent.
• Work with third party management consultants.
• Perform portfolio company asset management in the property and casualty insurance industry.
• Lead due diligence workstreams for new investments, including developing key hypotheses and objectives, developing workstream scopes, performing analyses, and developing and defending conclusions and recommendations.
• Lead and/or support workstreams related to portfolio company value creation and strategic initiatives, including development of management incentive programs and evaluation and execution of follow-on investments.
• Identify and manage relevant third-party advisors as part of due diligence workstreams for new investments and workstreams related to portfolio company value creation and strategic initiatives.
• Lead analyses and preparation of materials for portfolio company valuation, to be used both internally and at portfolio company boards.
• Build company operating models and leveraged buyout models for investments, including asset-light business models and capital-heavy business models.
• Develop investment memos and recommendations and present to investment committees.
• Oversee ongoing financial and operating performance of portfolio companies. Prepare internal materials to communicate portfolio company updates and recommendations.
• Participate in portfolio company boards as a board observer.
• Conduct expert calls to support subsector and company research, including interview question list design and oversight.
• Work with expert networks to develop lists of relevant experts.

The salary range for this position is $273,770.00 - $350,800.00 per year.

Qualifications

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field of study, plus five (5) years of experience with private equity investing and portfolio company asset management in the technology and/or financial services sectors;
• Private equity control transactions (leveraged buyouts) valued in excess of $2 billion enterprise value and equity investments greater than $500 million per investment;
• Microsoft Office 365; CapitalIQ; SNL Financial (S&P CapitalIQ Pro); Workday; Qualtrics; Protegent; ServiceNow; PeopleFluent;
• Third party management consultants;
• Portfolio company asset management in the property and casualty insurance industry; leading due diligence workstreams for new investments, including developing key hypotheses and objectives, developing workstream scopes, performing analyses, and developing and defending conclusions and recommendations;
• Leading and/or supporting workstreams related to portfolio company value creation and strategic initiatives, including development of management incentive programs and evaluation and execution of follow-on investments;
• Identifying and managing relevant third-party advisors as part of due diligence workstreams for new investments and workstreams related to portfolio company value creation and strategic initiatives;
• Leading analyses and preparation of materials for portfolio company valuation, to be used both internally and at portfolio company boards;
• Building company operating models and leveraged buyout models for investments, including asset-light business models and capital-heavy business models;
• Developing investment memos and recommendations and presenting to investment committees; overseeing ongoing financial and operating performance of portfolio companies;
• Preparing internal materials to communicate portfolio company updates and recommendations;
• Participating in portfolio company boards as a board observer;
• Sourcing investment opportunities through preparing subsector and company primers to identify attractive market subsectors and trends, companies of interest, and investing partners, and presenting findings;
• Conducting expert calls to support subsector and company research, including interview question list design and oversight; and, working with expert networks to develop lists of relevant experts.

To Apply: Email CV to [email protected] with the Job Title: Principal, Direct Private Equity in the subject line.

Additional Information

US state/city legislation requires CPP investments to include a reasonable estimate of the compensation range for this role. The base salary range shown here is a reasonable expectation for the posted role and is part of a competitive total rewards package which includes comprehensive benefits, a performance-based incentive plan, a 401 (k) plan and paid time off. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to, experience and expertise.

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At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.

Mandatory Vaccine Policy

All employees in the Toronto, Sydney and Hong Kong offices will be required to be vaccinated against COVID-19. Accommodations to this policy will be made for medical or other protected grounds. Please contact us to discuss any accommodation needs.