Would you like to be involved in a high-growth area of Private Equity finance? Are you interested in interacting directly with the operational and financing teams at some of the most prestigious fund sponsors in the world? Our Private Equity Capital Call Lending (PECC) Team is currently seeking a qualified Associate to join our team in Dallas.
Consumer and Wealth Management (CWM)
Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.
Private Equity Capital Call Lending (PECC)
The Goldman Sachs PECC Team is an integral part of the Firm’s suite of private equity fund finance products, often serving as the initial touchpoint for private equity clients at the Firm. The PECC Team provides fund-level financing in the form of capital call facilities collateralized by uncalled capital of the limited partners (LPs). Capital Call Facilities enhance fund returns, accelerate access to capital, reduce capital call frequency and bridge to asset-secured leverage. The PECC Team was established in 2004, and has since grown to a $20+ billion global loan portfolio with an ambitious growth mandate. The PECC Team sits within the Goldman Sachs Private Bank in the Consumer and Wealth Management Division, but serves as the PECC product expert for all clients across the firm, working hand-in-hand with the Investment Banking and Global Markets Divisions.
PECC Underwriting, exclusively based in Dallas, TX, is responsible for the underwriting and management of the PECC portfolio. PECC Underwriting assesses the credit risks and mitigants of PECC transactions at origination and throughout the life of the facilities. The underwriting process includes a thorough analysis of the private equity fund sponsor, the collateral (LPs committing to the fund), and the loan structure.
HOW YOU WILL FULFILL YOUR POTENTIAL
WHERE WILL YOU MAKE AN IMPACT
The PECC Team spans the globe, with individuals located in New York City, Chicago, London, and Dallas. This job posting is for an Associate position located in Dallas where you will cover clients globally.
SKILLS & EXPERIENCE WE’RE LOOKING FOR
ABOUT GOLDMAN SACHS
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