Head of Private Equity

Company: T. Rowe Price
Location: Baltimore
Posted on: February 25, 2021

Job Description:

A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives. We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job. If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us. Leads a centralized private equity team of 7 professionals, which serves as the single point of accountability and coordination for all private equity investment activities and related functions. Team is responsible for the coordination, execution, monitoring, and information control of all private equity investments globally across TRPA, TRPIL, and TRPIM. The incumbent will have individual responsibility for internal coordination, delivering value-added services and deal-sourcing across TRP entities. Individual private equity investment decisions continue to reside within the investment divisions and do not report to the Head of Private Equity. Position reports to the co-Head of Global Equity. Detailed Responsibilities: --Internal Coordination of Privates / Central Point of Contact

• Works with heads of equity and steering committees to monitor industry developments and form internal policy and guidelines around allocation, risk limits, deal terms, use of logo, etc.
• Provide regulatory input globally, as appropriate
• Facilitates internal coordination and collaboration across investment divisions (subject to applicable legal/compliance guidelines) and other business functions throughout the entire lifecycle of private company ownership.
• In coordination with Legal & Compliance, provide regulatory input globally, as appropriate Value-added Services
  • Central point of contact to facilitate strategic relationships and interactions between private- company management teams and resources at TRP
  • Lead an annual meeting showcasing benefits of partnering with TRP as a private company
  • Provide monitoring of research coverage for private companies to support Directors of Research in analyst coverage assignments and identify potential coverage gaps or needs Deal Sourcing and Cross-entity Coordination
    • Augments and expands investor lead deal sourcing, while providing a "first-stop" for inbound inquiries from VC/PE or sell-side firms
    • Point of coordination between TRPA and TRPIM sourced deals, ensuring that investors are informed about potential deal activity, including deal size, key terms, participating investment strategies, allocations and other activities
    • Coordinates with legal, heads of equity and DoRs. May coordinate with fixed income, as needed. Leads and manages professionals responsible for:
      • Deal execution--consolidating interest from investment teams, serving as primary point of contact for sell-side execution and investors throughout the process; working with legal on negotiating information rights, deal terms, etc.; coordinating with trading desk(s) on trade execution
      • Operations and monitoring-- overseeing daily operations for private equity holdings; managing rights agreements; fielding requests from companies around changes in agreements; tracking client account rules and limits; working with operations groups; coordinating with Global Investment Operations; insuring strong operational controls for private investment activities, including policies and procedure; coordinating closely with Investment Risk and TRP Valuation Committee to ensure fair valuation of private equity investment holdings
      • Information Management Control-managing confidential/restricted information from private companies; distributing information to appropriate internal and external parties; tracking Board Observer Rights and the dissemination of information related to Board meetings; understanding and adhering to internal information barriers and restrictions between legal entities KPIs for measuring success:
        • Maintain and expand internal coordination as measured by feedback from investors, feedback from legal, distribution, media and other internal parties
        • Advance T. Rowe Price brand / reputation with external parties as measured by successful implementation of value-added service function, exposure / opportunities for TRP with VC/PE firms, other external recognition
        • Increased efficiency and coordination across investments
        • Maintain efficient flow of information between internal parties (including valuation team) and external parties
        • Building and leading the team-hiring and developing the talent Qualifications:
          • Experienced capital markets executive with strong understanding of the private equity landscape including existing GP relationships
          • Experience building and leading a team
          • Ability to build and manage relationships across senior level stakeholders
          • Ability to understand both the strategic and operational process related to private equity investments
          • Excellent interpersonal and professional communication skills T. Rowe Price is committed to providing our associates with a comprehensive total rewards benefit program, including wellness, retirement and quality-of-life benefits. --- Please view What We Offer to see what's available to you. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law. Posted 2 Days Ago Full time 50207 About Us T. Rowe Price is an asset management firm focused on delivering global investment management--excellence and retirement services that investors can rely on-now, and over the long term.

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