GIC building London secondaries team

The world's eighth-biggest sovereign wealth fund has been developing its in-house secondaries capability over the last two years.

The Government of Singapore Investment Corporation (GIC), the world’s eighth-largest sovereign wealth fund, is seeking a secondaries investment professional to join its London-based private equity team.

The Singaporean fund wants to hire an assistant vice-president to focus on the strategy in its special investments group, according to a job posting on its website.

The role involves proactive sourcing of secondaries investments from industry contacts, due diligence on private equity investments, negotiating deal terms and structures, product reporting, investment monitoring and market research.

Candidates must have strong leveraged buyouts and secondaries modelling skills, top academic credentials and at least two years of private equity experience, among other requirements.

Interested applicants can apply via GIC’s website.

GIC has been building its in-house secondaries capability over the last two years. In 2014 the fund hired former Newbury Partners investment professional Brian Kapetanis and in October last year it hired Pantheon Ventures executive Jeremy Weisberg. In November, the sovereign wealth fund advertised it was looking for a secondaries professional to join its Singapore headquarters.

GIC manages around $350 billion in assets, according to the Sovereign Wealth Fund Institute. It has has more than 100 active relationships with fund managers and has invested directly in more than 1,000 companies globally across multiple sectors.