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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Charlotte, North Carolina

Salary: $176K - $248K

GEM was founded in 2007 by the investment leadership of the Duke University Management Company and The Duke Endowment. Our mission was to replicate the investment management style and governance model of the leading endowments. As a leading Outsourced Chief Investment Office (OCIO), we deliver a sophisticated, endowment-style investment program to institutions with a multigenerational horizon. We combine disciplined portfolio management with sound governance and a boutique mindset — integrating with our clients’ organizations as if we’re their in-house team. Details below.

Job Overview

We are seeking an Associate Director of Investment Sourcing, who will work across asset classes on GEM’s Investment Team. The Associate Director will report to and work closely with GEM’s Director of Investment Sourcing, as well as other members of the Investment Team, to source and evaluate prospective investments for the GEM portfolio, and to lead research projects across investment themes.

We are seeking a candidate with prior experience in investing or originating deal flow, who is motivated by relationship building, winning deals on behalf of GEM’s clients, and a passion for investing. The ideal candidate will be highly self-motivated, organized, and possess the skillset to evaluate investments. Associate Directors have the latitude to work independently, to build networks and originate investment ideas on GEM’s behalf, and to elevate investment ideas to the advanced stages of our due diligence process.

Key Duties & Responsibilities

Key responsibilities include, but are not limited to:

Investment origination
Source new investment ideas through research, manager outreach, deal intermediaries, industry events, conferences, etc.
Continuously manage a pipeline of investment ideas, maintaining relationships with prospective managers through intentional outreach
Develop relationships with GEM’s existing network of investment firms, intermediaries, and peer investors
Build discrete channels of deal flow
Complete initial stages of diligence on prospective managers and deals; work closely with execution-oriented Investment Team colleagues to move deals through the pipeline
Screen inbound investment opportunities
Assess inbound investment ideas against GEM’s investment criteria
Conduct screening calls and take meetings with prospective investment managers
Relay GEM’s areas of interest to intermediaries, peer firms, and other referral sources
Conduct Industry research
Contribute to investment strategy by generating investment ideas
Lead investment research projects in GEM’s identified areas of interest; present findings to investment team and / or investment committee
Stay abreast of market trends and communicate market intelligence related to valuations, terms, and other conditions to the Investment Team as appropriate
Oversee CRM data integrity
Liaise with internal teams to support ongoing firm needs and ad hoc client data requests

Qualifications

Successful candidates will display traits inherent in GEM’s collegial and team-oriented culture, including enthusiasm, honesty, humility, integrity, and curiosity.

Undergraduate degree with strong academic performance
6 – 9 years of relevant experience working in private equity, venture capital, corporate development, or institutional investing, with a track record of successful performance
CFA (Chartered Financial Analyst) or CAA (Chartered Asset Allocator) preferred, but not required

Key Competencies or Attributes

Ability to clearly articulate investment ideas using data and research to support case
Highly organized; attention to detail
Self-motivated; ability to work autonomously
Effectively collaborate with colleagues—the Associate Director will often work on projects with other members of the Investment Team and will liaise with GEM’s Client Group and Investment Services teams.
Competitive spirit with a “GEM-first” mindset—desire to win by catalyzing or gaining access to the best investment ideas on behalf of GEM’s clients

Working Conditions

Position type – Full-time
Work schedule – Minimum 40 hours / week
Work location – After initial onboarding period, Hybrid (3 days in-office, 2 days remote) subject to manager discretion
Work environment – Office
Essential physical requirements – Ability to sit and work on a computer for an extended period
Travel requirements – Able to travel as often as 2-4 times / month

Benefits

Competitive, market-based compensation
401(k) retirement plan with employer contribution
Comprehensive medical, dental, and vision health insurance
Life insurance; Short- and long-term disability insurance
Flexible Spending Account / Health Savings Account
Education assistance, including certifications, membership reimbursements, and more
Wellness reimbursement program
Paid time off
Firm and team outings / socials

Company Culture

Every team member contributes to the GEM culture by respectfully voicing opinions, asking questions, evaluating how and why things are done, and offering solutions. This level of involvement and trust is developed through bonding opportunities over shared meals, joint celebrations, and team and firm outings.

Service is also a key element of GEM’s culture. Employees are presented with opportunities to serve both internally and externally. They can sign up to serve on various internal committees, such as the Community Outreach Committee, and volunteer with local nonprofits. GEM aims to improve the local community while encouraging its team members’ spirit of giving.