Title: Originator, GP-Led Secondaries
Reports to: Managing Director
Experience: 8+ years of investment banking, private equity, venture capital,
investment management, public accounting, or strategy consulting experience.
Education:
Undergraduate degree from a leading college or university (please include GPA and standardized test scores on resume)
Skills: Microsoft Office Suite
Timing: Immediate
Location: Greenwich Office, Hybrid
Company Overview:
Kline Hill Partners (“Kline Hill”) invests in private equity funds, private equity-backed companies and other opportunistic transactions primarily by providing liquidity to existing investors via transaction sizes substantially smaller than are typical in the private equity secondary market. Kline Hill seeks to deliver superior risk-adjusted returns by focusing on what it considers to be the least efficient segments of the secondary market to build a broadly diversified portfolio of assets acquired at discounts to their intrinsic value. Kline Hill believes there is a substantial annual volume of these “small-deal secondary” transactions that is underserved by both large and small secondary funds. Kline Hill manages over $5.4 billion in assets across a range of investment vehicles and is currently investing out of its fifth fund series.
Kline Hill strives to operate a best-in-class secondaries platform with an institutional approach in areas such as transaction sourcing, deal team staffing, due diligence, finance, operations, information technology, compliance, independent oversight, attention to culture and investor relations.
Responsibilities:
The Role’s principal responsibility is to source, cultivate, and convert high-quality GP-led transaction opportunities. Other responsibilities include GP-led portfolio monitoring, deal syndication, and project management. Specific responsibilities include:
- Proactively identify and cultivate new GP-led secondary opportunities (e.g., single-asset continuation funds, multi-asset portfolio solutions, tender offers, etc.) through direct engagement with General Partners (GPs), private equity funds, and relevant intermediaries (e.g., placement agents, advisors).
- Build and maintain strong, long-term relationships with GPs, fostering trust and positioning Kline Hill as a preferred partner for their liquidity and portfolio management needs.
- Stay abreast of market trends, competitive landscape, and evolving deal structures within the GP-led secondaries space. Provide insightful market intelligence to the investment team.
- Conduct preliminary assessments of potential opportunities, evaluating their strategic fit with the firm's investment criteria, risk appetite, and return targets.
- Develop compelling pitches and presentations to effectively articulate our firm's value proposition and tailored solutions to prospective GPs.
- Work closely with the investment, legal, and operational teams to facilitate the smooth progression of deals from origination through to execution. This includes providing critical insights from the origination process to inform due diligence and structuring.
- Maintain a robust and organized pipeline of prospective opportunities, tracking progress and ensuring timely follow-up.
- Monitor existing GP led investments via regulation communication with GPs, receiving company updates, and keeping the investment team informed.
- Assist in the syndication of Kline Hill GP led transactions by corresponding with Kline Hill co-investors, and by sourcing new co-investors.
- Represent the firm at industry conferences, events, and networking functions to enhance brand recognition and identify new opportunities.
Job Skills and Abilities:
- Should possess a strong work ethic, exceptional analytical ability and a high level of
attention to detail
- Deep understanding of private equity fund structures, valuation methodologies, and transaction mechanics, with a strong emphasis on GP-led secondary structures (e.g., continuation vehicles, stapled deals).
- A strong network of private equity relationships including GPs, intermediaries, co-investors, other secondary firms, etc.
- Exceptional communication, negotiation, and presentation skills, with the ability to articulate complex financial concepts clearly and persuasively.
- Strong analytical and quantitative skills, with the ability to quickly assess the attractiveness of potential opportunities.
- Proactive, self-starter with the ability to work independently as well as collaboratively within a fast-paced environment.
- High level of integrity, professionalism, and discretion.
- Ability to travel frequently as required for client meetings and industry events.