NYS Teachers’ seeks PE manager

The $89bn pension fund is searching for an in-house private equity manager to assist with international funds.

New York State Teachers’ Retirement System is searching for an in-house private equity manager to focus on deal sourcing and due diligence reporting for international funds, according to a pension spokesperson.

The position, which is new, was created to fill a gap in the team, said the spokesperson for the $89 billion pension. The individual will manage the international, special situation and venture capital sections of the pension’s private equity portfolio.

Working with the managing director of private equity, the candidate will recommend new investments and manage existing relationships with general partners in which NYSTRS’ invests.

The chosen candidate will also focus on due diligence procedures, said the spokesperson.

The person will assist with performance monitoring and reporting for the private equity portfolio and coordinate legal due diligence of private equity investments with the legal department and outside counsel.

The pension’s private equity team currently consists of five managers.

Last year, NYSTRS promoted Dhvani Shah to the executive level position of managing director of private equity. The pension hired Shah from Bank of America, where she worked as a vice president on private equity transactions.