Asset & Wealth Management, Multi-Asset Solutions: Portfolio Construction and Manager Research - Private Markets Specialist, Vice President - New York

About the Role

As a member of the Portfolio Construction and Manager Research group within Multi-Asset Solutions (MAS) in Goldman Sachs Asset & Wealth Management, you will play a critical role in the success of our multi-asset platform. This position focuses on private assets portfolio construction and manager research, coordinating closely with MAS’ research, client, and product teams across the division. The role is highly analytical and detail-oriented.

Responsibilities

• Portfolio Construction
  • Conduct research on constructing and implementing allocations to private assets within multi-asset portfolios, including analysis of asset classes, sub-asset classes, risks, returns, recommended allocations, manager sizing, benchmarking, and commitment pacing.
  • Develop "rules of the road" for investing in private assets, accounting for multiple client channels with varying objectives and constraints.
• Manager Research & Due Diligence
  • Evaluate private strategies across GSAM proprietary and external platforms to determine inclusion in MAS portfolios.
  • Perform due diligence on GSAM private asset strategies, prepare memos, peer comparisons, and approval materials for MAS’ Investment Center (IC).
  • Conduct ongoing monitoring of approved managers (performance, risk, attribution, organizational changes), report findings, and recommend actions as needed.
• Secondary Sales
  • Lead MAS’ secondary process for legacy private assets, including evaluating brokers, developing and executing RFIs.
  • Identify client portfolios and investments suitable for secondary sales.
  • Model potential secondary sales.
• Modeling & Assumptions
  • Contribute to private assets modeling inputs and assumptions (e.g., expected returns, volatility, correlations, implementation structure).
  • Partner with Research teams to ensure consistency of private assets assumptions across MAS.
• Client Support
  • Support Lead Portfolio Managers (LPMs) on client-specific questions, including adhering to "rules of the road" and conducting new research for unique client situations.
  • Assist in developing client materials such as Investment Committee materials and RFPs.
  • Partner with LPMs and Portfolio Managers (PMs) to ensure portfolios follow best practices and document deviations.
• Product & Platform Development
  • Support the development and evolution of private assets products (e.g., building block funds, private asset vehicles), including portfolio design and supporting materials.
  • Coordinate private asset deployment by working with LPMs to identify clients for specific funds and drive new commitments to completion.

Qualifications

• More than 10 years of investment experience in private assets or multi-asset portfolio management inclusive of private assets.
• Detail-oriented and organized, with the ability to manage multiple tasks in a fast-paced environment.
• A self-starter able to work independently and thrive in a team environment.
• Strong risk management and control orientation.
• Excellent project management skills.
• Excellent writing and communication skills, with the ability to convey investment strategies and rationales to audiences of varying sophistication.

About the Team

Multi-Asset Solutions (MAS) is a multi-asset class investing group within Goldman Sachs Asset & Wealth Management, managing over $2 trillion in assets. MAS designs and implements customized multi-asset class portfolios for institutional clients, including pension plans, insurance companies, endowments, foundations, and sovereign wealth funds. The team applies rigorous techniques to strategic and dynamic asset allocation, asset-liability analysis, portfolio design, risk management, and reporting. MAS has been a committed partner to large institutions globally since 1995.