Principal (or Senior Vice President), GP-Led Secondaries

Golub Capital•New York, NY

66d•$300,000 - $350,000•Hybrid

About The Position

Golub Capital is launching a private equity secondaries investing business focused on GP-led secondaries (e.g., continuation vehicles), targeting middle-market companies owned by sponsors Golub Capital has strong relationships with. The Firm has a track record of growing and expanding its capabilities as our sponsor clients seek to do more business with us, both in direct lending and other capital solutions. In recent years, our best sponsor relationships have demonstrated meaningful demand for continuation vehicles and other secondary solutions and would welcome Golub Capital as a solutions provider for these transactions. The Firm has historically specialized in 5 verticals: (1) Consumer, Restaurant and Retail, (2) Diversified Industries, (3) Financial Services, (4) Healthcare and (5) Software & Technology Services and will aim to pursue transactions that best align within these areas of expertise. The GP-Led Secondaries Team is a newly formed investment team within the Firm aimed primarily at (1) single-asset and concentrated multi-asset continuation vehicles and (2) transactions led by GPs seeking to return capital to investors and extend their hold period for high quality assets. The team will initially commit $1 billion of management company and existing funds capital with a goal of launching a new dedicated fund targeting $1+ billion of investor commitments in the near term and building a multi-billion-dollar business soon thereafter. The candidate will play a foundational role in supporting the launch and growth of Golub Capital's GP-Led Secondaries business. This individual will initially work closely with the Head of GP-Led Secondaries, leading underwriting and deal execution. This is a unique opportunity to be at the forefront of a high-growth initiative, supported by the Firm's deep sponsor relationships, investor capital and a proven underwriting process.

Requirements

Bachelor's degree required, preferably with a major in Finance, Accounting, Economics or related financial subject area with an outstanding record of academic achievement
At least 8 years of equity secondaries and / or private equity experience with 12+ years of experience in financial services
High sense of urgency and analytical rigor
Ability to effectively communicate with internal teams and external clients
Capacity to manage multiple processes simultaneously
Ability to work to meet tight deadlines, using own initiative and without close supervision; strong work ethic
Ability to manage changing demands in fast-paced environment
Detail-oriented and comfortable with writing and presenting detailed memos / analytics to Investment Committee
Enthusiastic about working in office and creating a Gold Standard hybrid work culture

Responsibilities

Responsible for all aspects of deal evaluation, structuring, due diligence and legal documentation for PE secondaries
Conducting thorough due diligence including financial analysis, market research and risk assessment
Preparing and presenting Investment Committee memorandums to the Investment Committee
Ongoing monitoring and maintenance of the team's investments and preparing regular portfolio reviews
Negotiating and structuring secondary transactions, ensuring favorable terms for the Firm
Monitoring and managing existing secondary investments, providing regular updates to senior management
Staying abreast of market trends and developments in the secondary market
Assisting with designing, launching, marketing and fundraising for the initial fund product
Supporting the Investor Partners Group ("IPG") in capital raising for additional related funds
Other duties as assigned

Benefits

full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave)

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