What are the responsibilities and job description for the ASSOCIATE INVESTMENT - CA - PRIMARIES position at Pathway Capital Management?
Investment Associate - Primaries
About Pathway
Pathway is a leading provider of customized private market portfolio solutions. Our Firm was founded in 1991 and today manages more than $90 billion in assets across private markets. On behalf of institutional and corporate investors, we develop and manage diversified portfolios of private equity, private credit, and infrastructure investments. We are headquartered in Irvine, California, and have a global footprint with offices in London, Providence, and Hong Kong.
We are seeking an Associate to join our growing North American primaries investment team in our Irvine office (hybrid role–three days minimum in office). You will be responsible for analyzing and evaluating private equity primary investment opportunities as well as monitoring and reporting on client portfolios. This role offers the opportunity to gain a unique perspective on private markets at an industry-leading firm and to work closely with ambitious, talented professionals at all levels across the global organization. You will have the opportunity to grow as an investment professional and contribute to the team's long-term development. Strong performers have an opportunity to progress along a career path, taking on increasing levels of responsibility over time. We offer a competitive salary, performance-based bonuses, and a comprehensive benefits package, including health insurance and retirement plans.
Responsibilities
About Pathway
Pathway is a leading provider of customized private market portfolio solutions. Our Firm was founded in 1991 and today manages more than $90 billion in assets across private markets. On behalf of institutional and corporate investors, we develop and manage diversified portfolios of private equity, private credit, and infrastructure investments. We are headquartered in Irvine, California, and have a global footprint with offices in London, Providence, and Hong Kong.
We are seeking an Associate to join our growing North American primaries investment team in our Irvine office (hybrid role–three days minimum in office). You will be responsible for analyzing and evaluating private equity primary investment opportunities as well as monitoring and reporting on client portfolios. This role offers the opportunity to gain a unique perspective on private markets at an industry-leading firm and to work closely with ambitious, talented professionals at all levels across the global organization. You will have the opportunity to grow as an investment professional and contribute to the team's long-term development. Strong performers have an opportunity to progress along a career path, taking on increasing levels of responsibility over time. We offer a competitive salary, performance-based bonuses, and a comprehensive benefits package, including health insurance and retirement plans.
Responsibilities
- Assist in the initial pre-screening of new primary investment opportunities
- Organize the due diligence process from initial evaluation through close, which includes
- meeting with investment managers (in person and/or virtually)
- overseeing and conducting various quantitative analyses
- coordinating with investment managers, placement agents
- preparing comprehensive investment memos and reports
- presenting recommendations to Pathway’s investment committee and select clients
- Oversee investment analysts on a variety of deal teams to ensure the quality of work and due diligence timeliness
- Assist in the post-close monitoring process, including reviewing investment manager quarterly and annual reporting packages
- Participate in update meetings with managers in person and virtually
- Writing and production of monthly, quarterly, and annual performance reports for Pathway clients
- Analysis of client portfolio performance
- Preparation of client presentations
- Attendance and participation in client meetings and presentations
- Assist with special primary-related research and reporting projects
- 2-4 years of relevant experience in a private markets primary investment role, preferably with an allocator or an institutional investor
- Extensive knowledge of the private equity asset class with experience in private equity primary investment underwriting
- Excellent business writing (reports, memos, communications), presentation, and research skills
- Ability to work efficiently, meet deadlines, and coordinate effectively with team members, both junior and senior
- Ability and desire to work in a collaborative, fast-paced environment
- Ability to proactively take on tasks and work independently
- Ability to interpret qualitative and quantitative data, and add one's own judgment to the investment process
- Detail-oriented with strong organizational skills
- Comprehensive knowledge of and experience with software applications such as MS Excel, Word, and PowerPoint
- Undergraduate degree required with a record of high academic achievement. MBA or CFA (or progress toward either) is preferred but not required.
- Willingness to travel periodically for meetings with both investment managers and clients
- We offer a competitive salary and performance-based bonuses and a comprehensive benefits package, including health insurance and retirement plans. The salary range for this position is $110,000 - $140,000 annually.
Salary : $110,000 - $140,000