Vice President, Impact Opportunities Fund, Alternatives

Job Description

Description

About this role

Vice President, Impact Opportunities Fund

BlackRock offers access to a spectrum of alternative investments amounting to approximately US$239 billion of assets — including hedge funds, private equity, private credit, real estate and infrastructure all organized under BlackRock Alternative Investors (BAI). The Alternative Solutions (ASG) Group within BAI currently manages $8 billion across opportunistic and diversified portfolios of alternative investments for institutional clients.

The BlackRock Impact Opportunities Fund will sit within ASG and is return-seeking with the scope to invest deal-by-deal across private market asset classes, across the capital stack and across sectors. In contrast to its wide investible universe, the impact fund has a focused and singular impact objective to accelerate the economic outcomes of undercapitalized racial and ethnic communities in the United States (defined primarily as Black, Latinx and Native American). To achieve said impact, the impact fund will provide capital to businesses or projects owned and operated by minorities as well as to businesses driving change in underserved communities (e.g., creating quality jobs). The investment process integrates an opportunistic investment strategy with consistency and rigor as it relates to impact assessment, measurement and underwriting.

Job Description:

This person will collaborate with the senior investors dedicated to making private investments for the fund directly as well as drive the funds multi-asset, integrated investment process (including establishing external partnerships to drive deal flow, help formulate / implement strategic and tactical plans for investment portfolio, partner closely with BlackRock’s Sustainable Investing team on impact framework and research, work with specialist asset class teams across the BAI platform). This person may also represent the firm in public forums and is expected to support the firm’s broader efforts across the impact and sustainability ecosystem.

Key Responsibilities:

Specifically, the Vice President’s primary duties are summarized as follows:

• Help senior investors source, conduct due diligence, negotiate, execute, and monitor investments and drive investment process
• Interest in building network for deal sourcing across Black, Latinx and / or Native American as well as other partnerships relevant to the investment activity of the Fund
• Help develop in-depth understanding of underlying companies / assets and sectors associated with potential investment opportunities; help develop themes for Fund deployment
• Work collaboratively with other members of the team and broader ASG team, as well as other BAI teams and BSI
• Work effectively with external counterparts, e.g., management teams, throughout investment lifecycle
• Demonstrate dedication to the company and colleagues’ success and contribute to the group

Experience & Skills:

• 5+ years investment experience; may be public or private investment experience however there is a preference for private market experience in the U.S. (e.g., Private Equity, Private Credit, Real Estate, Infrastructure, etc.). Strong investment acumen and strong curiosity / desire to learn about investing across private market asset classes. Knowledge and experience across multiple private market asset classes and sectors is desirable.
• Has a strong sense of purpose around the funds impact objectives. Experience investing in / with the communities relevant
• Strong ability to build internal/external partnerships to drive deal flow for the fund
• Robust analytical / financial modelling ability
• Team-oriented. Enthusiasm and commitment to working in a friendly, entrepreneurial, team environment
• Strong presentation as well as strong oral / written communications skills
• Fiduciary mindset
• Results driven with a high level of attention to detail
• Strong academic credentials; undergraduate degree is required, MBA and/or other advanced degree is helpful

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.