Investment Analyst, Private Equity MassPRIM Boston, MA
MassPRIM (Pension Reserves Investment Management Board), the $104 billion Massachusetts state pension fund, is looking to add an Investment Analyst to our growing Private Equity team. PRIM’s Private Equity program has received national recognition for its strong long-term investment performance and innovation.
In this role, the successful candidate will contribute to a $15.5 billion portfolio of global private equity fund investments (buyout, growth equity, venture capital) and direct co-investments. PRIM promotes a culture that is highly collaborative, and this role offers an opportunity for an early-career investment professional to gain experience to the investment management industry and private equity asset class. The Investment Analyst will work closely with team members on sourcing, due diligence, and monitoring private equity fund investments and direct co-investments.
Conduct investment due diligence and analysis using both quantitative and qualitative tools
Participate in research related to PRIM’s portfolio, private markets, emerging investment areas or other special projects to inform or identify investment opportunities and portfolio strategy
Evaluate and implement investment tools and resources used in connection with investment monitoring and portfolio management
Monitor existing fund investments and portfolio companies across a wide variety of industries
Manage investment database and pipeline to track and monitor prospective and existing investments
Prepare and present investment recommendations for internal and board-level approval
Interact with existing and prospective investment managers, including domestic and international travel
Represent PRIM while interacting with investment managers and the investment community
Core Skills and Qualities
Strong analytical and problem-solving skills with excellent judgment
Ability to generate both qualitative and quantitative analysis independently
Demonstrated ability to work collaboratively and take initiative in a small team environment
Outstanding interpersonal and communication skills, both written and verbal and
Keen attention to details, intellectual curiosity and critical thinking skills
Unquestionable integrity and ethics
Highly motivated individual, interested in pursuing a career in investment management
1 to 3 years of post-undergraduate investment or analytical work experience, preferably within investment management, investment banking, accounting or management consulting
Proficiency in Excel, PowerPoint, Word, Outlook and databases
Chartered Financial Analyst (CFA) Level I or II, or willingness to pursue or progress towards CFA charter
The Pension Reserves Investment Management (PRIM) Board manages the assets (~$98 billion) of the Pension Reserves Investment Trust Fund for public employee pension benefits on behalf of Massachusetts State Employees, Teachers, as well as participating retirement systems throughout the Commonwealth of Massachusetts. PRIM’s mission is to generate strong risk-adjusted investment returns that help the Commonwealth meet its pensions obligations and alleviate taxpayer burden. PRIM’s highly experienced, professional investment staff seeks to maximize the return on investment with an acceptable level of risk by broadly diversifying the investment portfolio, capitalizing on economies of scale to achieve cost-effective operations, and providing access to high-quality, innovative investment strategies.
It is the policy of Pension Reserves Management Board to afford equal employment opportunity to all qualified persons regardless of race, color, religious creed, national origin, ancestry, age, military status, sexual orientation, disability, genetic information, gender identity, gender expression or gender unless based upon a bona fide occupational qualification.
The Pension Reserves Investment Management ("PRIM") Board is charged with the general supervision of the Pension Reserves Investment Trust (“PRIT”) Fund, created by legislation (Chapter 661 of the Acts of 1983) to accumulate assets through investment earnings and other revenue sources in order to assist the Commonwealth in reducing its unfunded pension liability, and likewise to assist local participating retirement systems in meeting their pension obligations.