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Director, Fund Selection

Yieldstreet

Yieldstreet

New York, NY, USA
Posted 6+ months ago

About the Role

Yieldstreet is looking for an experienced Director of Fund Selection that can help grow Yieldstreet’s fund strategy. Our fund strategy is centered around offering third-party manager’s assets on the platform which is the highest growth potential asset class within Yieldstreet. This person will be responsible for manager diligence and the selection and underwriting of LP interests (including secondaries) and co-investments. The investments will be across multiple asset classes like Private Equity, Venture Capital, Private Credit, Infrastructure, & Real Estate, as well as across different types of funds, e.g. Interval, Tender, & Privately Placed.

This person will be responsible for managing the portfolio of existing investments as well as growing the portfolio into new investments. Additionally, there are a number of strategic elements and partnerships that will need to be maintained and evolved. The role will report to the Head of Funds & Strategic Products.

What you'll do:

  • Develop an investment thesis across asset classes, type of funds, and capital stack for investment. Use the thesis to invest in LP interest (including secondaries) and co-investments with third-party managers.
  • Build relationships with top tier third party fund managers.
  • Analyze and underwrite LP investments in Third Party Funds.
  • Partner with the Yieldstreet credit teams when specific asset class expertise is needed.
  • Present to the investment committee of Yieldstreet.
  • Ideate on the distribution structures and strategy for each of these funds.
  • Conduct webinars, and build the branding and messaging to support the launch and marketing of selected funds.

What you’ll need:

  • At least 10 years of investment experience, with at least 5 years experience selecting and underwriting LP interests and/or co-investments with third party fund managers
  • Ability to articulate financial concepts and information in both verbal and written forms
  • Excellent organizational skills and high attention to detail
  • Deal execution oriented with a readiness to roll up your sleeves and manage a process end to end
  • Ability to work seamlessly in a cross-functional team environment spanning multiple disciplines and geographies

About Yieldstreet

Yieldstreet is the leading private market investment platform. We believe that private market alternatives should be a fundamental part of your portfolio. That’s why we’re unlocking access to make it easier than ever to get started. We partner with top-tier investment managers to provide investors with a wide range of opportunities across real estate, venture capital, private equity, art, short term notes and more. All of our offerings are curated and vetted by our team to help investors diversify away from the stock market with confidence.

Why Yieldstreet?

Join a team of diverse, smart, and friendly people from 8 different countries who speak a total of 17 different languages who are on a mission to make alternative investments a fundamental part of the modern portfolio. Our team is comprised of successful entrepreneurs with combined exits of over $1B. We get social with each other during happy hours, exercise classes and team off sites! We are a hybrid work company giving you the opportunity to connect with your peers in real time with the flexibility to work remotely a few days per week.

What’s in it for you:
Competitive compensation packages including equity
Health, dental & vision coverage with FSA/HSA options
Unlimited PTO
401k Match
Learning and Development stipend
Wellness credit
Paid lunch once a week
Commuter benefit
Life insurance
Sabbatical
Summer Fridays

Compensation:

  • HIRING SALARY RANGE: $225k + (Actual salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.) Compensation package also includes generous, bonus, benefits and equity.