Director of Investments

4 days ago


Lynchburg, Virginia, United States Korn Ferry Executive Search Full time
Job Description

Reporting to the Chief Investment Officer, the Director of Investments will work collaboratively with senior investment members to build out Liberty's in-house investment capabilities for its $2+ billion endowment assets.

This position plays a key role in supporting Liberty's new public capital program and is involved in all aspects of endowment management, including asset allocation implementation, active manager due diligence and selection, portfolio reporting for various stakeholders, and special projects.

The creation of this position represents the continued growth of an in-house investment function for Liberty University.

Key Responsibilities
  • Conduct industry and sector research to help the investment team form investment thesis
  • Work closely with Sr. Director in sourcing and screening for public capital strategies, including developing market/strategy mapping, tracking manager fund-raise cycle, and developing/updating forward calendar
  • Support Sr. Director in managing due diligence process, including preparing for manager calls and onsite visit, conducting reference calls, evaluating managers based on investment strategy, process, organization, portfolio positions, competitive landscape, legal terms, and track record
  • Draft investment diligence report and I.C. memo to support the selection or termination of an investment manager
  • Work effectively with university counsel on legal issues, coordinate LPA reviews with external counsel, and draft LPA comments
  • Work closely with custodian bank and operations team in monitoring capital calls/distributions
  • Support the monitoring process for existing private investments, including reviewing quarterly letters, manager correspondence, and attending annual meetings
  • Support other asset classes as needed
  • Develop and refresh industry networks and peer relationships by attending industry conferences and networking events representing LU
Requirements
  • At least 7 years of relevant experience with a strong background in private equity, from a family office, endowment & foundations, or similar organization allocating capital to external investment managers
  • Ability to leverage critical thinking, independent judgment, and experience to constructively contribute to investment decisions across the portfolio
  • Clear investment philosophy, intellectually inquisitive, and honest, with the ability to interview people and triage different sources of information effectively to form educated conviction
  • Ability to incorporate rigorous qualitative and quantitative analyses in the evaluation of investment strategies, investment processes, and investment performance
  • Strong communication skills and the ability to present perspectives and recommendations, both verbally and in writing, in a clear and logical manner
  • Self-motivated and directed, possessing an ability to motivate others
  • The highest level of integrity, honesty, and sense of fiduciary duty
  • Ability to articulate and defend the unique Christian educational mission and vision of Liberty University and its subsidiaries to a wide variety of individuals and groups


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