Vice President, Portfolio Manager - Credit Evergreen

HarbourVest Partners•Boston, MA

1d•Hybrid

About The Position

HarbourVest is seeking a Vice President, Portfolio Manager to join our Evergreen Solutions team on a permanent, full-time basis. The Evergreen Solutions Team is focused on becoming the leading multi-manager provider of private markets focused evergreen solutions for wealth and institutional investors globally. The team blends deep investment expertise with industry-leading data, technology, and portfolio management capabilities to deliver seamless, scalable solutions for institutions and wealth partners. The Vice President, Portfolio Manager will be an integral part of our Credit Evergreen strategy, which will initially consist of two funds (one for US Investors and one for Non-US Investors). They will execute our credit investment strategy, support allocation between credit opportunities, investment monitoring, and liquidity management for all Credit Evergreen funds. The selected candidate will work as part of a small, dedicated Credit Evergreen team reporting into a Boston based Managing Director (MD). They will support the MD and a London based Principal in presenting recommendations on the aforementioned funds to our internal Evergreen Portfolio Management Committee (“EPMC”), which is responsible for decision-making on all Evergreen funds. The individual selected will participate and, over time, potentially lead presentations marketing the fund to new clients in a variety of forms, such as roadshows with distributors and themed conference presentations.

Requirements

At least 6 years of private credit investing experience with a track record in designing and implementing targeted portfolio construction in credit portfolios that encompass sub asset classes with varying risk and return profiles
Knowledge of evergreen products and regulations including those with monthly or quarterly redemptions
Sufficient IT capability to interact with colleagues in the design, implementation and improvement of tools designed to improve portfolio management
Top level communications skills with ability to deliver it across mediums
Bachelor of Arts (B.A), Bachelor of Science (B.S), or equivalent experience required
8-10 Years experience in relevant roles

Nice To Haves

Masters in Business Administration preferred

Responsibilities

Support portfolio construction for open-ended credit evergreen funds
Support senior team members in allocation and provide input to the EPMC as necessary to build diversified portfolios across private credit opportunities with clear target parameters, sizing, and risk budgeting
Lead discussions around the development and implementation of investment capacity
Attend strategy investment committee meetings to understand asset profiles for open-ended evergreen funds
Manage provision of liquidity analysis, subscriptions, redemptions, credit facility sizing/usage, hedging, and portfolio asset sales
Develop and implement portfolio stress testing ensuring appropriate scenario analysis incorporating liquidity, spreads and defaults/recoveries
Understand Credit pricing dynamics and valuation models including in secondary markets with the ability to explain outcomes to internal and external audiences
Support fundraising meetings alongside Wealth and IR colleagues targeting existing clients, distribution partners, prospective distributions, and prospective investors. This includes SMA clients
Working with marketing to provide structured market outlook analysis, ensuring consistency with investment strategies
Support with client requests and fundraising inquiries. This includes reviewing answers for accuracy
Work with Legal, Regulatory and Compliance colleagues to ensure the Credit Evergreen portfolio management team fulfills all board and regulatory reporting for US and European regulators
Maintain a general awareness of new product roadmap and timelines.
Aid with new product launches (seed asset review, credit facility strategy, liquidity and stress testing, tactical plan development, etc)
Develop relationships with the broader Evergreen Fund Management, Evergreen Solutions and Wealth team, providing support to help us scale while providing leverage for the HarbourVest platform.