There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

Primary Purpose of the Role

Identification and evaluation of attractive prospective private company investments for the firm to increase pipeline of actionable private investments

Work closely with analysts and PMs in TRPA and TRPIM to conduct diligence on private companies

Serve as member of decision-making team for investments in the private company fund

Share relevant insights with public investors from active participation in the private company ecosystem

Principal Responsibilities

Deal Sourcing: Actively interacts with venture capital, growth and private equity firms, private companies and other private company ecosystem partners to establish relationships and build a pipeline of the most promising late-stage (1-3 years from IPO) private companies globally. This requires regular attendance at conferences/events showcasing private companies, a consistent calling effort on leading VC and PE firms and follow-up with top portfolio companies, building relationships with subject matter experts and collaboration with TRP investors to follow up on leads from their collective networks. Ideally, we will establish relationships with companies at least several quarters prior to the time when the firm would consider an investment.

Company Evaluation: Conducts preliminary analysis, either independently or in partnership with sector analysts, to determine if a company is of sufficient quality to prioritize for tracking and engaging a broader group of TRP investors to consider. This work can include channel checks, preliminary financial model creation, assessment of management quality, comparison with public comparable companies, etc.

Private Fund Investment Committee Member: Serves as one of three (to five) committee members who make the final decision on investments for upcoming late-stage private company fund based on recommendations from sub-committees in TRPA and TRPIM. Will have responsibilities, in conjunction with sector analysts and other members of the Centralized Private Equity Team, for monitoring the progress of investments in the private fund. Responsible for portfolio construction, interaction with limited partner investors in the fund, fund raising and overall fund strategy.

Collaboration: Communicates regularly with TRP analysts and PMs to share relevant insights gained from meetings, conversations, conferences etc. in the private company ecosystem that could provide important read-throughs to public holdings. Also meets regularly with sector analysts to discuss private companies in their industries to prioritize private analyst calling effort.

Success Measures:

• Performance of sourced private company investments in the public funds
• Overall performance of the dedicated private fund
• Investor feedback on the value-added to their involvement in private company investments in terms of bandwidth creation, initial analysis assistance, sourcing, etc.
• Investor feedback on value of insights provided from experience in private company ecosystem
• Effectiveness in development of the private fund franchise at TRP
• Effectiveness in fund raising and LP relations

Qualifications:

• Undergraduate degree and 5-10+ years of relevant work experience
• MBA or CFA preferred

Preferred Qualifications:

• Strong investment track record
• Experience with private company investments
• Willingness to establish and maintain strong relationships with venture capital and growth and private equity firms
• Stylistic compatibility-i.e.-comfortable with greater risk than involved in public investing and assessing companies at much earlier stage
• Ability to maintain highly organized approach to managing external relationships with both sponsors and private companies
• Ability to focus on both larger industry trends and the specifics of a company’s business model
• Ability to challenge views of the sector analysts and sub-committees to enhance the decision-making process

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for remote work up to one day a week.

Regional Requirements:

Base salary range:

$ 175,000 - 275,000 USD

For the location of: California

Base salary range:

$0.00 - $350,000.00 USD

For the location of:

San Francisco, CA

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.  Salary range disclosure as required by sb1162 when hiring in California, sb19-085 when hiring in Colorado, S9427A when hiring in New York, DC Act 25-367 when hiring in Washington, DC, and SB5761 when hiring in the State of Washington. 

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits: We invest in our people through a wide range of programs and benefits, including:

• Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
• Flexible and remote work opportunities
• Health care benefits (medical, dental, vision)
• Tuition assistance
• Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.