Vintage Strategies - Vice President

The Vintage Platform is Goldman Sachs Asset Management’s dedicated secondary investing platform that sits within the External Investing Group or XIG. The Vintage Funds, which provide liquidity solutions to private market limited partner investors and sponsors / fund managers, represent a flagship of Goldman Sachs’ alternatives franchise, with leadership in the secondaries space since 1998. Since inception, the Vintage Funds have raised nine globally diversified secondary funds and four strategy-specific vehicles, having invested over $85bn across more than 750 secondary transactions. The private equity team recently completed investing Vintage IX, a $14.2 billion diversified secondaries fund, and is currently raising Vintage X with a target of $15 billion. The team operates primarily from offices in New York, London, Hong Kong, Singapore, Salt Lake City, San Francisco and West Palm Beach.

https://am.gs.com/en-us/institutions/products/secondaries

Lead and conduct due diligence to evaluate transactions across private equity and credit deal types that the Vintage Platform focuses on:

• Continuation vehicle and other single company private equity secondary investments (e.g., minority equity), with a focus on fundamental company-level due diligence, valuation, negotiation, transaction structuring, and post-investment value-add in partnership with controlling private equity sponsors
• Limited Partner (LP) secondary transactions, with a focus on fundamental asset-level valuation within diversified private equity portfolios across a broad range of private equity deal types and sectors
• Portfolio finance transactions, involving lending and structured asset-backed liquidity solutions for Limited Partners (backed by funds), private equity sponsors (backed by portfolio companies, or asset management company revenue streams), and other owners of private assets, such as family offices and corporates
• Credit secondary transactions, including the acquisition of direct and indirect portfolios of private credit and strategic transactions with credit asset managers.
• Drive investment committee materials and present investment opportunities to the Investment Committee through written and oral presentations, and conduct thoughtful follow-up analysis
• Support vertical- wide initiatives through team development, relationship development and transaction sourcing
• Over time, develop domain expertise in certain key sectors or transaction types

REQUIREMENTS

• Minimum of 5 years of experience in investing roles: Private Equity, Private Credit, Secondaries and other principal investment strategies OR advisory roles: Investment Banking or Management Consulting
• Excellent investment judgment and outstanding numerical, analytical and valuation skills for the purpose of assessing investment opportunities
• Knowledge of key methodologies to analyse business models, competitive advantages and threats, and private equity value creation levers
• Strong presentation, communication and negotiation skills enabling the candidate to make robust recommendations to the Investment Committee and interact effectively with third parties
• Excellent time, people and project management skills
• Ability to work effectively as part of a team