Asset & Wealth Management, External Investing Group (XIG), Union Bridge Partners (Opportunistic Co-Investments / Structured Products), Vice President - New York

Asset & Wealth Management

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and building meaningful relationships with our clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

External Investing Group (XIG)

XIG provides clients with investment and advisory solutions, across leading hedge fund managers, private credit funds, private equity funds, real estate managers, public equity strategies, fixed income strategies and ESG (impact) strategies across all asset classes. XIG manages globally diversified programs, targeted sector-specific strategies, customized portfolios and a range of advisory services. Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, co-investments, secondary-market investments and seed-capital investments. With over 400 professionals across 13 offices around the world, XIG provides manager diligence, portfolio construction, risk management and liquidity solutions to investors, drawing on Goldman Sachs' market insights and risk management expertise. We extend these global capabilities to the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, high-net-worth individuals and family offices, for which we invest or advise on over $400 billion of alternative investments, public equity strategies and fixed income strategies. We are focused on diversity of thought and have team members with a wide range of backgrounds and professional experiences.

Union Bridge Partners

Union Bridge Partners is an opportunistic co-investment strategy that invests alongside the world's premier private credit and hedge fund managers in their high-conviction credit and special situations positions. We have a flexible mandate that allows us to invest across public and private markets to identify situations that we believe offer the most attractive risk / reward at any given time. We typically aim to hold positions over the medium to long term and seek equity-like returns with credit-like risks in a variety of financial instruments across the capital structure including all forms of corporate debt (e.g., senior, subordinated, convertible and preferred), structured products and equity. The team sources co-investments from external alternative managers on the XIG platform. Union Bridge Partners I is a drawdown fund with a six-year target fund life and began its investment period in January 2024. Union Bridge Partners II will be launched in 2025. The investment team is composed of fundamental, bottom-up research-driven investors.

The Role

The successful candidate will be part of the Union Bridge Partners investment team and will have responsibility for overseeing the structured products vertical. This is an exciting opportunity for a motivated individual to join a fast-growing business in a senior capacity as a "vertical captain" for structured products. The successful applicant will report directly to the lead portfolio manager and will be responsible for sourcing, underwriting and executing complex structured products co-investments across consumer finance, real estate, hard assets and financial assets. This role will provide the applicant an opportunity to develop their investment and leadership skills and expand their industry network by leveraging the global network of premier alternative managers on the XIG platform that Union Bridge Partners typically co-invests alongside.

Responsibilities

• Oversee structured products investment vertical for Union Bridge Partners funds
• Conduct fundamental research on investment opportunities, including leading due diligence and financial modeling, drafting investment memoranda and making investment recommendations to the Union Bridge Partners investment committee
• Manage deal execution, ongoing investment monitoring and realizations
• Develop relationships with external alternative managers to source investment ideas

Qualifications

• Investing mindset, ability to think independently about an investment, understanding of portfolio construction
• Strong corporate valuation skills and familiarity with various types of structured products such as ABS, CLO debt / equity, capital relief investments, royalties, receivables, etc.
• Strong modeling and accounting skills
• Four years of experience in buyside investing roles in private credit is strongly preferred but candidates with a research or banking background will also be considered.
• A strong background in structured products is preferred but candidates with a background in public or private credit or distressed investing will also be considered
• A minimum of four years of investing experience in structured products is strongly preferred but we will also consider candidates with research or banking background or private credit or distressed investing background provided they have extensive experience in structured products
• Outstanding record of professional and academic achievement