Director Private Equity

Client: Mass General Brigham Investment Office

Title: Investment Director (PE Sr. Assoc/VP equivalent)

Location: Boston

Start Date: Immediate – Summer 2024

Overview:

As a not-for-profit organization, Mass General Brigham (MGB) is committed to supporting patient care, research, teaching, and service to the community by leading innovation across our system. Founded by Brigham and Women’s Hospital and Massachusetts General Hospital, MGB supports a complete continuum of care including community and specialty hospitals, a managed care organization, a physician network, community health centers, home care and other health-related entities. Several hospitals are teaching affiliates of Harvard Medical School, and the system is a national leader in biomedical research.

Investment Office General Overview

Mass General Brigham’s Investment Office manages more than $20 billion for MGB, invested primarily via partnerships with third party investment management firms. Strategies in the portfolio include private equity, venture capital, long-only equities, long/short equities, and real assets investments. The goal is to generate excellent long-term risk adjusted returns to support MGB’s mission to improve the lives and health outcomes of patients globally.

The Investment Office offers a collaborative, team-oriented environment. All investment team members are generalists, but personal sector interests are encouraged. Working closely with an Investment Committee as a resource, the Investment Office has full discretion over investment decisions. This is a vibrant and growing team with an amazing and supportive culture that values highly inquisitive intellect, collaborative dialogue and a mentoring environment. They strive to be nimble in the pursuit of exceptional investment opportunities and in the support of world-class investment partners. This is a hybrid position based in Boston/Somerville, MA.

About the Role: This position offers a unique opportunity to have an outsized impact on a $20+ billion investment portfolio serving the long-term operations of a renowned healthcare institution. They employ an endowment-style approach to investing and partner with external investment managers to access the most attractive investments globally. Their work entails underwriting both these managers and the assets in their portfolios. MGB’s long-duration capital, scaled capital base, partnership-oriented approach, and mission make their team an attractive collaborator for managers who share a similar time horizon and values. The Investment Office offers a collaborative and meritocratic environment in which all members of the investment staff sit on internal investment committees.

Investment staff members travel domestically and internationally to evaluate new and evolving opportunity sets, meet managers, and visit companies. This role will lead and co-lead diligence processes and make investment recommendations, work that entails both rigorous analytics and creative thinking. In addition, all investment staff members are engaged in portfolio management decisions and have opportunities to present to the Investment Committee. This role will help refine and evolve the team’s investment strategy as the investment universe evolves.

The investment team is small and requires each member to possess a nimble, roll-up-your-sleeves attitude to tackle novel challenges. Successful hires will have long-term career progression opportunities. The team and leadership takes mentorship seriously and are excited to support talented, dedicated individuals in their career goals.

Responsibilities include, but are not limited to:

1. Identify investment niches, themes, and network nodes that could lead to compelling new investment opportunities

2. Collaborate with colleagues to underwrite investments; this work includes evaluating both investment managers and the assets in their portfolios

3. Sit on our internal investment committee

4. Author white papers to help us refine our strategy and processes

5. Successful Investment Directors earn progressive levels of responsibility around manager relationships and monitoring, with promotion opportunities to Managing Director

6. Candidates must be willing to work a hybrid schedule from MGB’s Somerville, MA (Boston area) office, as well as travel domestically and internationally

Strong candidates will have the following qualifications:

1. Ideal candidates will have at least 2 years of investing experience. (private or public)

2. MBA not required

3. Excited to work across investment asset classes and geographies

4. Energetic, positive, can-do attitude; highly collaborative and team-oriented

5. Entrepreneurial mindset; willing to play both leading and supporting roles in diligence efforts

6. Inspired to support a mission-driven organization; dedicated to representing MGB’s best interests and acting with unquestionable ethics at all times

7. Curious and analytical; excited by new challenges

8. Exceptional oral and written communication skills

9. Strong relationship management abilities

10. Foreign language skills and/or experience living abroad a plus

11. Visa sponsorship not an option at this time

If you are interested in this opportunity, please respond to: and include the following:

· Your resume

· Preferred approx. start date

· Any ties to the Boston area

NOTE: If you know of someone who may be interested in this opportunity, feel free to forward this email.