Private Credit Portfolio Manager - Senior Vice President

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $180 billion in global client assets invested in 1,441 funds, as of February 2024.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2023); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is looking for a Senior Vice President to join the Portfolio Management team who will be responsible for building and managing a portfolio of senior secured private credit loans made alongside prominent third-party lenders.  This investment professional will play an integral role in helping grow both our evergreen registered fund business and Direct Private Investment program.

Responsibilities

• Perform deep credit research and due diligence on new private credit co-investment opportunities alongside third-party lenders.
• Manage private credit portfolio construction.
• Oversee financial underwriting models.
• Present investment committee memos.
• Discuss overall strategy, portfolio, and specific co-investments with investors, as needed.
• Monitor the portfolio by reviewing quarterly updates, conducting calls with the third-party lenders, and tracking any impairments closely.
• Mentor and oversee junior investment professionals.
• Collaborate with various internal teams such as Distribution, Finance, Legal and Compliance.

Qualifications

• 10+ years of relevant experience in private credit (direct investments and/or co-investments) with a focus on senior secured, unitranche and mezzanine lending  
• Considerable experience in analyzing private companies, loan covenants and structural protections, as well as overseeing risk management in the construction of a private credit portfolio
• Extensive experience in the middle market, preferably with a focus on sponsor-backed companies
• Strong qualitative and quantitative analytical capabilities in the private credit sector
• Excellent verbal communication skills
• Able to problem-solve and make logical recommendations under pressure
• Professional and confident demeanor, including comfort interacting with senior personnel in the industry

Benefits

The base salary range for this role is $260,000 to $300,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. We offer most employees the flexibility to work in the office three or four days. Every department has different needs, and some positions will be designated in-office jobs, based on their function. 

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/