Director, Private Capital Markets – Co-investment Team
New York, US
Investment Professionals – Investments
Description
About this role
Business Unit Overview
BlackRock Capital Markets (BCM) is a single center of excellence across public and private market sourcing for the firm and co-investment and financing for our Private Markets businesses. It is a holistic, comprehensive investment platform that provides solutions across the capital stack.
The BlackRock Capital Markets Co-investment team (BCM Co-invest) is responsible for managing the end-to-end co-investment process across BlackRock’s Private Markets investment businesses. Additionally, BCM Co-invest is responsible for developing and maintaining direct relationships with sophisticated clients and institutional clients across the globe. Since 2022, BCM Co-invest has executed $~3bn of client co-investment across Private Debt and Equity (Infrastructure, Private Equity, Real Estate).
Role Overview
BlackRock Capital Markets is seeking a Director to join the BCM Co-invest team. Based in New York, this person will be responsible for executing and managing co-investment processes across BlackRock’s Private Markets investment businesses, with a specific emphasis on Infrastructure Equity, Private Equity and Real Estate Equity. The candidate will work closely with BlackRock investment teams, client relationship managers, and sophisticated clients on managing the end-to-end co-investment process.
Responsibilities
- Manage end-to-end co-investment process, including:
- Partnering with BlackRock investment teams on the capital formation strategy for potential investment opportunities
- Coordinating with various internal stakeholders on target co-investment partners, including Limited Partners, prospects, broader platform clients and other actionable investors
- Developing the co-investment strategy (narrative, diligence materials, timeline, outreach plan, etc.)
- Executing the co-investment process / capital raise, including managing client outreach and ongoing dialogue, co-investment structuring, and closing
- Develop and maintain relationships across a diverse spectrum of client stakeholders (sovereign wealth funds, pensions, insurers, consultants, family offices, and other asset managers and institutional investors)
- Lead and develop the broader BCM Co-investment team
- Be a role model with a mixture of managerial and deal execution responsibilities.
- Take an active role in managing talent and responsibility for career-pathing. Optimize resource management and establish best practices.
- Act as a culture carrier who creates a sense of inclusion, belonging and ownership and drives motivation.
- Involvement in internal management and investment committees
Requirements / skills
- 8+ years of relevant working experience in capital markets, investment banking, or private markets capital raising.
- Infrastructure or private equity experience a significant plus.
- Understanding of investment dynamics with ability to shape the co-investment narrative (investment fundamentals, key merits and risks, financial profile, etc.).
- Candidate should have a strong relationship management background from a financial institution and be able to manage complex client dynamics.
- Understanding of a broad range of asset classes, capital markets and capital structures.
- Ability to work effectively at all levels of an organization and build strong relationships with team members, managers, and senior executives globally.
- Strong analytical, presentation, organizational and communication skills.
For New York City only: The salary range for this position is $205,000 – $260,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
Job requisition #
R240437
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“Inclusion and diversity are important at BlackRock, and we want people from all different backgrounds—geographic, educational, cultural. We want to avoid a narrow-minded, herd mentality, especially in investments.”
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