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Deputy Managing Director-Private Debt

**Department:** Private Equity

**Location:** Albany, NY

Apply by: All applications must be submitted by 5:00 pm on Sunday, November 9, 2025. Applications received after 5:00 pm will not be considered.

Position Summary

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.

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:

+ Ten (10) years of leadership experience including managing and developing staff, and experience interacting at Executive/Board level; **AND**

+ Ten (10) years of Private Equity and/or Private Debt investment management experience including conducting research, sourcing opportunities, conducting and managing the due diligence process, and making recommendations to an Investment Committee and/or Board; **AND**

+ CFA and/or CAIA Charterholder

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

Work Modality

+ 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

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-)

Salary Grade

This position is a Deputy Director (DD)

Salary Range

$200,982 - $226,207

Job Type

Management/Non-Civil Service

EEO STATEMENT

At NYSTRS, diversity, equity, and inclusion are integral to our mission of providing our members with a secure pension and exceptional customer service. We are committed to fostering an inclusive and equitable culture where all diversity is valued and recognized as a source of strength and enrichment across all operations.

NYSTRS is proud to provide equal opportunities to all employees and qualified applicants without regard to race, color, religion, creed, sex, gender expression or identity, national origin, age, ability and disability status, veteran status, marital status, pregnancy status, sexual orientation, citizenship, or any other legally protected class. We are committed to being a workplace that attracts, supports, and retains talented individuals from diverse backgrounds and experiences while championing equal opportunity across recruitment, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

All applications to NYSTRS should be done via our** **website (https://nystrs.hrmdirect.com/employment/job-openings.php?search=true&dept=-1&city=-1&state=-1)** **. NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.