Private Equity (GP Stakes) - Associate

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Date: Jan 5, 2023

Location: Richmond, VA, US

Company: New York Life Insurance Co

Location Designation:  GRAND RAPIDS, MI or RICHMOND, VA

 

RidgeLake Partners, LP is a private equity fund (target fund size $1.25 billion) that is focused exclusively on making non-control investments in private equity firms (also known as “GP Stakes”).  RidgeLake is jointly managed by Ottawa Avenue Private Capital, based in Grand Rapids, MI, and Apogem Capital, based in New York, NY and Richmond, VA (collectively, the “Firm”).   

 

The Firm is seeking an experienced Associate to support the continued growth of the fund’s GP Stakes investment portfolio. Successful candidates will take on progressive responsibilities, both proactively and assigned.

 

RESPONSIBILITIES:

 

Sourcing & Investment Underwriting

  • Participate in all phases of diligence including: review of prospective sell-side materials, deal mdeling, other quantitative and qualitative diligence analysis, and calls with management
  • Preparation of investment committee materials
  • Participate in outbound sourcing efforts directly with target PE firms and with investment banking and other intermediaries
  • DealCloud / pipeline management and identification of prospective GP sponsors in line with investment criteria

 

Investment Portfolio Monitoring & Valuation

  • Review reporting provided by each investment
  • Preparation of internal reports tracking the investment performance
  • Creation and ongoing maintenance of financial models to facilitate semi- annual portfolio valuations and cash flow projections
  • Engage with portfolio company management teams on value-added activities

 

Investment Reporting, Internal Support, & Document Management

  • Preparation of investment analysis and commentary to support various quarterly and ad hoc reporting and marketing materials to existing and prospective investors
  • Input and maintenance of investment data within various systems
  • Preparation and distribution of select internal portfolio-related communications and meeting materials

 

ELEMENTS OF SUCCESS:

  • Bachelor’s Degree in Finance, Accounting, Business Administration, or a related discipline
  • 2-4 years of full-time, post-graduate work experience; prior experience in private equity investing, investment banking, M&A, leveraged finance, or consulting strongly preferred but not required for consideration
  • Team-first mentality with an emphasis on collaboration and servant leadership
  • Highly effective written and verbal communication and presentation skills, as well as an ability to convey information to others clearly and concisely
  • Analytical thinker with strong attention to detail, accuracy, and quality are critical to be successful
  • Superior judgment and comfort level working with confidential, sensitive, and proprietary information, as well as an uncompromised commitment to the highest level of integrity and confidentiality
  • Superior technical capabilities with expertise in Microsoft Office including Word, Excel, and PowerPoint; advanced financial modeling skills and knowledge of investment valuation techniques strongly preferred; experience with Pitchbook, CapIQ, Bloomberg, and/or other industry data providers will also be applicable

 

Additional Components

  • Compensation for this position is competitive and includes a base salary and performance-based bonus
  • This is a 2 - 3 year, pre-MBA role. The analyst will support the GP stakes team in the sourcing, evaluation, and monitoring of investments, working closely with all investment professionals

 

 

STRATEGIC PARTNERS SUPPORTING RIDGELAKE:

OAPC

OAPC, an affiliate of RDV Corporation, is a private investment firm managing an alternative asset portfolio that specializes in private equity. OAPC offers clients a single access point to top-tier middle-market private equity managers across private equity, private credit, secondary, and GP stakes investment strategies.

 

Apogem Capital

Apogem Capital is the strategic combination of three leading investment managers in the alternatives space, GoldPoint Partners, PA Capital and Madison Capital Funding. On a combined basis, Apogem manages over $37 billion of AUM on behalf of a global client base of leading institutional and high net worth investors, as well as for its anchor investor and parent company, New York Life Insurance Company.

 

Job Requisition ID: 88216

 

 

 

 

 


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