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ProShares · 1 month ago

Senior Director, Senior Portfolio Manager - Private Equity

New York, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$220K/yr - $240K/yr

10+ years exp

ProShares is a pioneer in the ETF industry, offering a wide range of innovative investment strategies. They are seeking an experienced Senior Portfolio Manager to manage 1940 Act private equity funds, focusing on investment strategy, portfolio construction, and execution across various investment avenues.

Financial ServicesFinTech

Responsibilities

Oversee portfolio construction and ongoing management of 1940 Act private equity funds, ensuring alignment with fund mandates, risk management, and liquidity considerations

Develop and implement strategies across primary manager commitments, secondary transactions, and co-investments

Monitor portfolio exposures, performance attribution, and liquidity forecasting

Lead due diligence and underwriting of private equity investments across:

Secondaries – LP-led, GP-led, and structured transactions

Manager Selection – top-tier private equity funds across buyout, growth, and special situations

Co-Investments – direct equity opportunities alongside leading sponsors

Build and review financial models, valuation analyses, and scenario planning

Negotiate and structure investment terms in collaboration with legal, tax, and operational partners

Design and maintain fund-level cash flow models to manage the semi-liquid profile of registered fund vehicles

Partner with operations and finance teams to forecast capital calls, distributions, and redemptions

Optimize pacing and deployment strategies to meet investor liquidity needs while maximizing returns

Collaborate with legal, compliance, and tax teams on fund structuring, investment terms, and regulatory considerations

Support the design and enhancement of investment vehicles, including operational processes unique to 1940 Act funds

Present investment opportunities and portfolio updates to internal investment committees

Partner with distribution, investor relations, and client teams to articulate fund strategy and performance to current and prospective investors

Build strong relationships with private equity sponsors, secondary advisors, and market participants

Qualification

Private EquityPortfolio ManagementInvestment UnderwritingFinancial ModelingCash Flow ManagementFund StructuringNegotiation SkillsAnalytical SkillsCommunication SkillsTeam-oriented

Required

Bachelor's degree required

10+ years of experience in private equity, secondary investing, co-investments, or portfolio management with exposure to 1940 Act fund structures strongly preferred

Demonstrated expertise in underwriting across secondaries, manager selection, and co-investments

Strong financial modeling and valuation skills, including cash flow forecasting for semi-liquid vehicles

Knowledge of fund structuring, legal, and tax considerations in private markets

Experience managing private equity portfolios within the 1940 Act regulatory framework a plus

Excellent communication, negotiation, and presentation skills with the ability to interact with senior stakeholders and external partners

Highly analytical with strong attention to detail

Strategic thinker with the ability to manage complexity and multi-faceted portfolios

Team-oriented, collaborative, and adaptable in a fast-paced environment