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Type of Role: Investments

Experience Level: Managing Director/CIO

Location: Boston, Virginia

Salary: $250K - $400K

The Virginia Tech Foundation, Inc. (Foundation) was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech programs. The Foundation is a 501(c)(3) nonprofit corporation governed by its board of directors. The Foundation serves the university by generating funding from private sources and aggressively managing its assets to provide funding which supplements state appropriations. The Foundation provides additional operating support to colleges and departments, assists in the funding of major building projects, and provides seed capital for new university initiatives.

Position Summary

Reporting to the Chief Investment Officer (CIO), this role acts as a senior investment team member and directly contributes to the oversight of the university’s $1.9 billion endowment. The endowment portfolio is diversified across public and private asset classes and primarily managed by third-party investment managers. This position is based in Richmond, Virginia.

Role & Responsibilities

  • Assist the CIO in executing the investment strategy within a generalist environment; however, the Managing Director is expected to have a focus on leading private market efforts.
  • Act as a lead in identifying new investment opportunities, oversee the due diligence process from start to finish and monitor existing investments.
  • Assist in oversight of the portfolio as it relates to risk management, including liquidity management, investment pacing, and ensuring desired risk exposures are targeted.
  • Provide input into the strategic direction of the endowment, including assistance with asset allocation and thematic research.
  • Maintain a strong network of peers and other industry participants.
  • Mentor and provide leadership to junior members of the team.
  • Engage and build credibility with members of the Investment Committee.

Qualifications

  • At least 15 years of investment experience within an endowment, foundation, OCIO, or family office environment.
  • Bachelor’s degree required; master’s degree and CFA preferred.
  • Experience across multiple asset classes, with significant exposure to private markets (venture capital, private equity, credit, real assets).
  • Past success in independently sourcing ideas, managing workflow, and building consensus within a collaborative environment.
  • Prior exposure to organization-wide collaboration as it relates to operations, reporting, legal, and audit.
  • Prior experience with management of staff.
  • Willingness to travel as needed as part of the investment diligence process.