Basic information
Job Name:
Head of Portfolio Allocation
Location:
New York/OVA
Line of Business:
Global Research & Investment Strategy
Job Function:
Investment Professionals
Date:
Wednesday, April 23, 2025
Head of Portfolio Allocation
The Carlyle Group
New York, NY, USA
USD 400k-400k / year
Posted on Apr 24, 2025
Position Summary
The Head of Portfolio Allocation is a hybrid role, combining sophisticated understanding of asset allocation, investment and portfolio management, client relations, and the firm’s product suite and capabilities across Carlyle and AlpInvest.
This is a centralized role reporting to the Head of Global Research & Investment Strategy and leveraging that team’s resources and insights while working in tandem with some of the firm’s senior‐most professionals, including investor relations, fund management, investment teams, and legal & compliance. The individual must understand and be able to work across all Carlyle asset classes and across Carlyle‐advised funds and products, Carlyle AlpInvest, NGP‐advised funds, and separately managed accounts for insurance companies, pension plans and family offices.
This role can be based in New York, NY or Washington, DC.
Responsibilities
The Head of Portfolio Allocation will be responsible for fostering and developing transparent and iterative partnerships with a handful of the firm’s most strategic relationships, leading portfolio construction and management of longer‐term / semi‐permanent discretionary and semi‐ discretionary pools of capital, and authoring Carlyle AlpInvest’s economic and strategic research, including publications and client presentations. The individual must be able to manage regular client engagement (including giving presentations at conferences and individual client meetings and occasionally joining the IR team on roadshows to support fundraising and business development); predict and respond to client information / data needs; provide updates, insight, and drivers on portfolio performance; appropriately leverage firm resources to enhance client relationships; and make strategic asset allocation plans and specific investment recommendations encompassing all of the firm’s investment capabilities and backed by sophisticated portfolio analysis, including performance projections, risk factors, regulatory implications, macroeconomic scenarios, and deployment assumptions, among other factors. Portfolio analysis and construction should align with client expectations and be optimized to meet those expectations and the respective mandate’s objectives (e.g., j‐curve mitigation, consistent annual deployment, risk/return parameters, regional or industry focus) as applicable.
Qualifications
- Advanced degree in finance, actuarial, economics, mathematics or related field preferred
- Professional certifications (e.g. FSA, CFA) ideal
- Asset allocation experience across alternative asset classes (fund and direct co‐ investment experience)
- Experience working with clients on strategic long‐term portfolio construction, including building model portfolios, proposing asset allocations and devising return targets and risk metrics
- Ability to fully understand risks, rewards, and merits of investment options offered by the firm and ability to strategically identify “white space opportunities” that are accretive to clients’ objectives
- Direct co‐investment underwriting experience with ability to provide country and FX outlooks (multi‐asset class preferable)
- Direct secondary underwriting experience with ability to provide country and FX outlooks (multi‐asset class preferable)
- Significant client interaction and / or prior experience in an alternative asset product specialist role
- Ability to deliver communications on behalf of the firm which may be sensitive or strategic in nature
- Solid business sense and ability to negotiate managed account parameters with potential clients.
- A demonstrated history of idea generation, collaboration and execution in a matrixed organization. The candidate must be able to develop internal partnerships and work across platforms to consistently deliver Carlyle’s best ideas in an efficient manner
- Strong data analytics background and experience interpreting detailed cashflow models for complex alternative asset portfolios
- Predicting and managing liquidity
- Risk management experience to understand risk/return trade‐offs across a portfolio and implications of each investment decision within the strategic accounts
- Assessing risks by portfolio company, asset class, vintage year or region, etc.
- Leveraging data to make portfolio and investment recommendations based on client expectations and objectives
- Exceptional written communication skills with the ability to distill complex macroeconomic and investment concepts into clear, compelling publications, white papers, and client-facing materials to support Carlyle AlpInvest’s economic and asset allocation research.
- Benchmarking experience, particularly as it relates to non‐public investments
- Experience delivering sophisticated, comprehensive reporting packages to fully convey the performance and risks of the investments
Benefits/Compensation
The compensation range for this role is specific to New York and Washington, DC and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $400,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.
Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 31, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.