Investment Director, Centralized Private Equity Team

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

Primary Purpose of the Position

The primary role of the Investment Director is to support the growth of private equity investment strategy by leading commercial aspects of the business through representation in meetings and communications with institutional and intermediary prospects, clients, consultants, and internal staff.

The Investment Director will provide support during the formation and raising of the T. Rowe Price’s first dedicated private fund focusing on late stage private companies. This first dedicated fund is an extension of the same strategy T. Rowe Price has historically executed from our mutual fund and separate account programs. The Investment Director will assist with all non-deal-execution workstreams across product formation, marketing, distribution and investor relations. This role will serve as a subject matter expert to internal sales, marketing and other functional areas for overall strategy and investment activity.

The launch of a dedicated private vehicle is a first for the firm and falls squarely within the stated  strategic initiative of growing the firm’s alternatives business. Given the attractive long-term opportunity for the firm to develop a series of private vehicles, it is critical that the early funds are successful, both from a critical mass and performance perspective. To that end, the Investment Director will provide significant leverage to the investment team and allow them to devote the majority of their time and effort to the sourcing and investment process.

The Investment Director also works closely with sales, consultant relations, client service and other internal staff to communicate relevant information regarding the investment strategies supported, including reviewing investment performance, portfolio composition and characteristics, rationale investment decisions, etc. The Investment Director will work closely with sales and client service professionals across Global Distribution to represent the strategy in meetings and presentations. The Investment Director will also lead co-investment opportunity fundraising in coordination with the Global Distribution teams.

Principal Responsibilities

• Oversee commercial aspects of TRP’s dedicated private equity investment platform

• Represent the private equity platform and strategy to internal and external parties

• Manage the formation and maintenance of TRP private funds, including most non-deal execution workstreams

• Serve as SME to internal sales, marketing and other functional areas for overall strategy and investment activity

• Liaise with distribution teams globally to drive fundraising for private funds and co-investments

• Drive messaging for marketing materials and externally facing collateral for private investment platform

• Lead co-investment syndication efforts, represent the investment team to external clients

• Manage ongoing client updates post-investment, working closely with TRP’s alternative client service team

• Extensive traveling should be expected. Expect 40-60% of their time on the road supporting our distribution partners, with additional time required in Baltimore where the Centralized Private Equity Team is primarily located.

Qualifications

• Minimum 10 years of buy side experience in a similar role, portfolio management, or investment research, Investment consulting or institutional client service

• Previous experience with equity alternatives strategies

• Must have a passion for the private investment business with a deep understanding of private market concepts and have a strong working knowledge of investment strategies and tactics

• Demonstrated track record of success in effectively communicating complex concepts to a wide variety of audiences

• Exceptional relationship management skills with ability to interact well with portfolio managers, other investment professionals, sales and client service professionals, and institutional clients and consultants

• Strong interpersonal, communication, and presentation skills

• Ability to work well within a collegial, but fast-paced and unstructured environment

• Highly motivated and a self-star