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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Lubbock, Texas

Salary: $76K - $107K

Established in 1923, Texas Tech University is a Carnegie R1 (very high research activity) Doctoral/Research-Extensive, Hispanic Serving, and state-assisted institution. Located on a beautiful 1,850-acre campus in Lubbock, a city in West Texas with a growing metropolitan-area population of over 300,000, the university enrolls over 40,000 students with 33,000 undergraduate and 7,000 graduate students. As the primary research institution in the western two-thirds of the state, Texas Tech University is home to 10 colleges, the Schools of Law and Veterinary Medicine, and the Graduate School. The flagship of the Texas Tech University System, Texas Tech is dedicated to student success by preparing learners to be ethical leaders for a diverse and globally competitive workforce. It is committed to enhancing the cultural and economic development of the state, nation, and world.

Major/Essential Functions

As a senior member of the team, the successful candidate will work closely with the existing staff and have monitoring responsibility over managers and co-investments within the broad private equity asset class.  The candidate will also provide research, analysis, and recommendations on managers and co-investments within the assigned asset classes.  The candidate is also expected to operate as a generalist, participating in discussions on all manager selections across the endowment portfolio.  This position requires an open person, with great communication skills, who desires to be part of a small team with input across the entire portfolio.

Other key responsibilities include:

  • Perform and document quarterly manager reviews, onsite due diligence, and annual general meetings with investment managers
  • Perform investment due diligence and participate in operational and legal due diligence
  • Assist in training subordinate staff and interns
  • Work to document procedures and continually improve internal research processes
  • Work with our consultant and peers to generate portfolio and manager ideas to improve the risk/return profile of the endowment portfolio
  • Maintain pacing models and pacing calendars for each private equity sub-asset class
  • Prepare updates for the Investment Resource Council, Foundation Boards, and the Board of Regents
  • Maintain performance and analytical reports, such as quartile reports on TVPI, IRR, DPI, and other metrics.

Required Qualifications

Bachelor’s degree required in field based on assigned area of responsibility; six years of professional and/or management experience in related area. Additional job-related education may substitute for required experience on a year to year basis.

Preferred Qualifications

Master’s degree in Business Administration
CFA and CAIA certification

Safety Information

Adherence to robust safety practices and compliance with all applicable health and safety regulations are responsibilities of all TTU employees.

Required Attachments

Cover Letter, Professional/Personal References, Resume / CV

Salary (monthly)