Deputy Managing Director - Private Debt

Deputy Managing Director-Private Debt

Reporting to the Managing Director of Private Equity, this position is responsible for helping to oversee the New York State Teachers' Retirement System's private equity department which includes private equity and private debt. Key areas of responsibility include strategy, team building and mentoring, investment due diligence, performance monitoring and reporting, compliance, and associated operations.

Job Duties :

The duties of the Deputy Managing Director-Private Debt include, but are not limited to, the following :

• Assist the Managing Director of Private Equity with oversight of the Private Equity and Private Debt portfolios
• Assist the Managing Director of Private Equity with creating and executing on a long-term strategic plan as it relates to investments, staffing and professional development
• In the absence of the Managing Director of Private Equity, represent Private Equity at Executive staff, committee, and Board related meetings
• Oversee and participate in various administrative activities including annual budget process, and investment policy manual review
• Participation on internal committees
• Periodic travel required
• Active involvement in the Private Markets community to stay current with industry trends and establish and maintain professional networks
• Develop and implement strategic and tactical asset allocation of the private equity and private debt portfolios in conjunction with the System's non-discretionary consultants
• Develop and implement a rigorous evaluation process to ensure selection of managers for the System's portfolio including all stages of investment due diligence process and legal document negotiations on business issues in conjunction with NYSTRS' legal department and external fund counsel
• Monitor existing investments and assist in managing relationships with the System's non-discretionary consultants, General Partners of the System's private equity and private debt investments and other Limited Partners ("LPs")

Minimum Qualifications :

A bachelor's degree and twelve (12) years of institutional investment experience with an investment management organization, pension consulting firm or plan sponsor, including :

Preferred Qualifications :

Master's degree in business administration, finance, accounting or a closely related field

15 years of underwriting experience in private equity and or private debt

15 years of supervising and mentoring staff

Strong professional network including both general partners and limited partners

Experience serving on Limited Partner Advisory Committees

Experience underwriting co-investments and secondary transactions

Ability to make and support business and investment decisions while taking into consideration other viewpoints and enterprise-wide needs

Excellent interpersonal communication skills

Excellent verbal and written communication skills

Attention to detail

Ability to organize and prioritize work in a dynamic and complex environment to meet deadlines and daily requirements

Self-motivated with the ability to work independently but also as a team player

Commitment to providing exceptional customer service

Strong analytical skills

Working knowledge in Microsoft Word, Excel, and PowerPoint

Currently we have a hybrid work schedule which may be subject to change in the future

Travel is required of this position; possibly up to 40% of the time

To be considered for a position at NYSTRS, you must apply through our applicant portal. All applications must be submitted by 5 : 00 pm on Sunday, November 9, 2025. Applications received after 5 : 00 pm will not be considered.