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Type of Role: InvestmentsResearch

Experience Level: VP/Principal/Director

Location: San Francisco, CaliforniaIllinoisNew York

Salary: $150K - $225K

Founded in 1973, Callan is a one of the largest employee-owned investment consulting firms in the U.S., with more than $3 trillion in assets under advisement. We provide thoughtful, research-driven advice to large institutional investors including pension and defined contribution plans, endowments, foundations, insurance companies, and health care organizations.

As a Senior Vice President in Callan’s Private Equity Consulting group, you will provide senior leadership to the Private Equity and broader Alternatives Consulting team and work collaboratively with Callan’s institutional clients and consultants to implement private equity portfolios, including direct partnership evaluations (buyouts, venture capital, growth equity, and special situations), direct co-investment evaluations, and fund-of-funds (primary, secondary, secondary funds) searches. You will report to the Head of Alternatives Consulting.
What’s unique about this role?
Your primary focus will be developing a comprehensive and collaborative approach to sourcing, evaluating, and monitoring attractive private equity strategies and managers for Callan’s institutional investor clients; maintaining research on a subset of private equity strategies; and assisting clients with portfolio construction.  Your secondary focus will be supporting client relationships and contributing to new business development as it relates to private equity assets.
Duties and functions include, but are not limited to:
Team Leadership
·       Provide senior leadership and oversee delegation of responsibilities across team members to ensure the timely completion of tasks and client deliverables.
·       Provide guidance and mentorship to junior team members and help recruit new employees as needed.
·       Lead weekly Private Equity research team meetings.
·       Represent the Private Equity research team with Callan consultants.
Strategic Planning
·       Develop portfolio construction strategy to allocate across various Private Equity sectors based on the relative attractiveness and risk profile of the opportunity set, and client preferences.
·       Assess the current market environment and industry trends to help guide Private Equity portfolio implementation.
·       Write appropriate investment policy statement language for the Private Equity asset class.
·       Present strategic recommendations to Callan clients
Manager Sourcing and Due Diligence
·       Collaborate with other research team members to conduct comprehensive due diligence on prospective fund investments, including funds-of-funds and direct funds.
·       Coordinate and lead manager meetings and post meeting notes to Callan’s internal database on a timely basis
·       Work with the analyst(s) to produce a quantitative analysis of strategies under consideration.
·       Compile due diligence reports and recommendation memos and present to internal Callan committees and clients.
Monitoring
·       Review performance and qualitative monitoring reports with clients, utilizing Callan’s proprietary tools as well as third-party applications such as the PitchBook and Refinitiv Cambridge databases.
·       Work with analysts to maintain and expand Callan’s proprietary manager and client database (called DNA).
·       Attend regular manager meetings, including Annual General Meetings (AGMs), for assigned managers and post summary notes to Callan’s internal database, including funds-of-funds and direct funds.
Research and Education
·       Create and deliver educational presentations for Callan Institute webinars and presentations.
·       Direct the analyst team to assemble a quarterly Callan publication that monitors and reviews private equity industry trends and statistics, strategy performance, and asset flows.
·       Contribute to topical research pertaining to Private Equity related topics of interest for clients and fund sponsor consultants in Callan regional offices.
Marketing/Business Development
·       Identify new business prospects and develop collateral for introductory meetings.
·       Represent Callan at industry conferences to promote the group’s visibility and establish connections with industry participants.
·       Review RFP submissions and assist with drafting language relating to Private Equity mandates.
Contribute Positively to Callan Corporate Culture
·       Work constructively with colleagues in the group and across the broader organization.
·       Utilize Callan’s internal committees to ensure client recommendations and deliverables are of consistently high quality.
·       Assist with requests from Callan consultants, the Callan Institute, and the Published Research Group.
Minimum Qualifications
Over 10 years of demonstrated experience in private equity research, strategic planning, and portfolio construction, in an investment management or institutional advisory capacity, with an emphasis on leading research processes and supporting client relationships. Specific knowledge of the fund-of-funds manager universe is a plus, as is general familiarity and experience with Private Credit and other types of Alternative Investments. CFA and/or CAIA preferred.
$150,000 – $225,000 a year
The range listed is what we reasonably expect to pay for this role at the time of this posting. We may ultimately pay more or less than the posted range and may be modified in the future.
Compensation, Benefits & Training
At Callan, you can expect:
·       A generous compensation and benefits package, including base salary, bonus, 401(k) matching, profit sharing, health/medical/dental/vision benefits, monthly communications stipend, tuition assistance, and more
·       Training for all Callan databases, research, and other systems
·       Access to team-building events, community outreach opportunities, and wellness events
As an employee-owned firm, Callan is committed to giving long-term successful professionals an opportunity to become equity partners.
Visit www.callan.com/careers to learn more about Callan’s culture, benefits, and more.
 
About Callan
Founded in 1973, Callan is a one of the largest employee-owned investment consulting firms in the U.S., with more than $3 trillion in assets under advisement. We provide thoughtful, research-driven advice to large institutional investors including pension and defined contribution plans, endowments, foundations, insurance companies, and health care organizations. Because we are independently owned and not beholden to outside shareholders, we help raise the industry standard by orienting everything we do around our clients’ goals.
Callan has roughly 200 employees and is headquartered in San Francisco with five additional offices throughout the U.S. Learn more about us at www.callan.com.
Callan LLC is an equal opportunity employer.
Research shows that women and other underrepresented groups tend to apply only if they meet 100% of the criteria. We are committed to leveling the playing field, and we encourage all, especially women, people of color, and those in the LGBTQ+ community, to apply for positions even if they do not necessarily check every box outlined in the job description. Callan believes that our organization and culture are made stronger through diverse perspectives and experiences.