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Private Funds Group — Private Equity Secondaries Financing — Director / VP

Job Req ID 21259288 Primary Location New York, New York Job Category Institutional Sales
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We are currently seeking a Director / VP to work in Citi’s Private Funds Group ("PFG") in New York. PFG serves private equity sponsors and investors through advisory and financing solutions.

The Director / VP will focus on originating and executing Private Equity Secondaries financing opportunities (joint venture with Citi’s Strategic Equity Solutions), lending to private equity funds, secondaries funds as well as other private equity investors.

Private Funds Group

Citi’s Private Funds group (“PFG”) advises private equity general partners ("GPs") and private equity limited partners ("LPs") on secondary market transactions. The group raises LP capital for private equity funds and provides liquidity and monetization solutions.

Citi PFG is a fast growing team within the private-side of Citi Markets that works with leading sponsors and institutional investors on a variety of strategic transactions across the private capital spectrum.

Some of PFG’s activities and capabilities include (i) fund-level and asset-level capital raises from LPs and secondaries funds (i.e., continuation funds, tender offers, strip sales, preferred equity), (ii) seeded fundraise and management team spin-outs, (iii) NAV and hybrid fund facilities, (iv) LP interest portfolio financing and (v) sell-side advisory and liquidity for LP portfolios of private equity interests. The team advises on a broad spectrum of private equity strategies including buyout, real estate, infrastructure/power, venture, private credit and energy.

The team leverages the broader Citi franchise to offer advisory and financing solutions financial sponsors, sovereign wealth funds, and pension plans and works in close partnership with Citi’s Banking, Capital Markets and Advisory ("BCMA") platform.

Individual Responsibilities

  • Source prospective secondary advisory and financing from private equity sponsors and secondaries funds
  • Prepare pitch books, investment models, greenlight memoranda and other internal and external presentations
  • Project-manage live transactions and maintain close dialogue with secondary investors to drive momentum
  • Expand and maintain close relationships the secondary investor community
  • Develop new creative ideas and solutions to sponsor needs and identify cross-product opportunities
  • Collaborate cross-functionally within investment banking coverage groups, M&A, capital markets and private bank as well as Strategic Equity Solutions

Requirements

  • Bachelor’s degree from an accredited college or university
  • 7-10+ years of experience in a similar position or related financial services position or prior experience in private equity
  • Solid understanding of the private equity market and NAV financing
  • Strong relationships in the LP universe, preferably with secondary investors
  • Familiarity performing financial and valuation analyses and utilizing financial services industry databases and tools
  • Outstanding communication skills when presenting to clients and senior executives
  • Proven ability to develop creative solutions to meet client objectives

Skills and Qualifications

  • Highly motivated and ability to inherit ownership with little guidance
  • Attention to detail
  • Proven ability to source new mandates and investor relationships
  • Strong analytical and quantitative skills
  • Excellent interpersonal and communications skills
  • Ability to work and navigate within a large organization
  • Driven individual with entrepreneurial spirit to help grow team

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Job Family Group:

Institutional Sales

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Job Family:

Investor Sales

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Time Type:

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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