EPIP
Managing Director of Investments
EPIP, Saint Paul, Minnesota, United States, 55199
Headquartered in St. Paul, Minnesota, the Bush Foundation was founded in 1953 by Archibald Granville Bush, an American businessman at 3M, and his wife, Edyth Bassler Bush. The Foundation was established to advance “scientific, educational, and charitable purposes” and today supports a range of initiatives, including leadership development, community problem solving, Native nation building, student-centered learning, and the arts. The Foundation operates with a staff of 30+, stewards an endowment that has grown to $1.6B, and has a combined operating and philanthropic budget for 2022 of $70MM. More information about us can be found at bushfoundation.org.We inspire and support creative problem solving – within and across sectors – to make our region better for everyone. Everything we do is to advance this purpose. It is what ties all our work together. We invest in great ideas and the people who power them in Minnesota, North Dakota, South Dakota, and the 23 Native nations that share this geography. This is both our tagline and our strategy to advance our purpose. We work through open grantmaking programs to support organizations and people who think bigger and think differently about solutions to problems in their communities to:Develop, test, and spread great ideas that will make the region better for everyone.Inspire, equip, and connect people to more effectively lead change.ABOUT THE POSITION
The Foundation’s investment portfolio includes $1.6B spread across a wide variety of asset classes. Approximately 50% of the portfolio is invested in private equity investments. While the portfolio has performed well overall, this particular class of investment has performed particularly well and has grown as a percentage of overall portfolio value. In recent years the portfolio’s total returns have consistently been in the top 1% when compared against peers.In addition to more traditional aligned investments, the portfolio includes Impact Investments, including Program Related Investments and Mission Related Investments. These investments, which seek social and/or environmental benefits that are measured in addition to financial return, represent a small but growing portion of the portfolio, with specific goals for increasing portfolio share over the next several years. As described in our Impact Investing Statement, the Foundation’s impact investing activity is focused on advancing equity in capital markets and supporting business and community development in Minnesota, North Dakota, South Dakota, and the 23 Native Nations we serve.Position SummaryThoughtful and effective investment management is core to our strategy. With the pending retirement of our long-tenured investment leader, we are seeking a Managing Director of Investments who will advance the Foundation’s goals by leading the investment and asset allocation strategies so that we can meet our near-term and long-term goals. Aligning these decisions with our mission is paramount.
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The Foundation’s investment portfolio includes $1.6B spread across a wide variety of asset classes. Approximately 50% of the portfolio is invested in private equity investments. While the portfolio has performed well overall, this particular class of investment has performed particularly well and has grown as a percentage of overall portfolio value. In recent years the portfolio’s total returns have consistently been in the top 1% when compared against peers.In addition to more traditional aligned investments, the portfolio includes Impact Investments, including Program Related Investments and Mission Related Investments. These investments, which seek social and/or environmental benefits that are measured in addition to financial return, represent a small but growing portion of the portfolio, with specific goals for increasing portfolio share over the next several years. As described in our Impact Investing Statement, the Foundation’s impact investing activity is focused on advancing equity in capital markets and supporting business and community development in Minnesota, North Dakota, South Dakota, and the 23 Native Nations we serve.Position SummaryThoughtful and effective investment management is core to our strategy. With the pending retirement of our long-tenured investment leader, we are seeking a Managing Director of Investments who will advance the Foundation’s goals by leading the investment and asset allocation strategies so that we can meet our near-term and long-term goals. Aligning these decisions with our mission is paramount.
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