San Francisco pension seeks PE manager

The city’s $15bn pension fund is adding the position in response to more reporting, monitoring, and risk requirements.

The $15 billion San Francisco Employees’ Retirement System is looking to hire a senior private equity portfolio manager to assist with growing due diligence duties.

Reporting to the deputy division manager of private markets, the candidate will be responsible for providing administration and due diligence support to two investment analysts.

The position has been added due to an increase in reporting, monitoring, risk and due diligence requirements, said a spokesperson for the pension.

The chosen candidate will evaluate and report on existing risk in the private equity portfolios; evaluate and report on investment performance; and evaluate existing processes, according to pension documents.

The individual will also be responsible for investment programme structure, due diligence, partnership agreement review and negotiation, and implementation and monitoring. He or she will also develop investment policies and direct asset management activities for investments; provide advice and executive consultation on investment structure, programmes, execution and policy.

San Francisco’s pension has a total of $2.8 billion of private equity commitments, according to documents.