General Manager - Private Markets

Careers with Impact

More than one million Australians trust us with their money, and that trust shapes how we work every day. Our members sit at the centre of everything we do, guiding our decisions and the impact we strive to make.

We’re looking for people who are purpose-driven and accountable, who value inclusion and collaboration, and who are proactive in managing risk to protect our members’ long-term outcomes. In return, you’ll be part of an organisation where your work contributes to strong returns, real-world impact, and a culture that reflects the communities our members serve.

Bring your authentic and passionate self to this exceptional role #careerswithimpact

We're looking for a General Manager to take primary responsibility for strategy development, decision implementation and asset management across our Infrastructure and Private Equity portfolios — a significant part of our overall Unlisted Assets investment program. You'll lead a team of Investment Managers across these asset classes, working closely with the Head of Portfolio Management and collaboratively with the General Manager – Property to deliver and manage HESTA's unlisted asset exposures.

This is a senior leadership role with genuine scope to shape strategy, negotiate directly with managers, and build a high-performing team — all while ensuring the best possible risk-adjusted returns for members at the lowest achievable cost.

What you'll be doing

• Directing and overseeing strategy development across Infrastructure and Private Equity, consistent with Trustee Board and CIO direction
• Managing efficient implementation of Board and delegated decisions across the Unlisted Assets team
• Managing the relationship between the Unlisted Assets team and relevant investment advisors
• Leading the Private Markets team — fostering a strong TPA culture, driving collaboration across Portfolio Management and the wider Investment team, and developing team and individual performance plans
• Conducting research and preparing reports on new investment ideas and strategies, and contributing to broader Investments strategy and planning
• Developing and implementing an Asset Management framework for Infrastructure and Private Equity, overseeing governance, operations, reporting and valuation of specific unlisted assets
• Driving HESTA's ESG goals through manager and asset selection and monitoring processes
• Ensuring asset class configurations meet return objectives for single asset class and diversified investment options
• Contributing to Investment Management leadership as part of the senior leadership team, and helping influence Board-designated Strategic Investments

What you’ll bring  

• Significant experience managing a portfolio of direct equity or debt investments in infrastructure or private equity
• Significant experience in the analysis and structuring of direct investments in infrastructure or private equity
• Significant experience analysing fund managers and portfolios at a super fund, fund manager or research house
• Experience managing multiple stakeholders, and fee budgeting at a sector level
• Experience developing portfolio sector strategy and sourcing investment opportunities consistent with investment strategy
• A proven track record in people leadership — supporting, engaging and retaining high-performing teams, including through periods of significant change
• Deep knowledge of the return and risk characteristics and direct business dynamics in infrastructure and private equity
• Strong financial modelling, investment strategy and analytics capability

Benefits that matter and make a difference for our employees

• Leave for those moments that matter, an additional 6 days of leave at the end of year, up to 6 days paid volunteer leave, gender neutral paid parental leave of 20 weeks, Gender Affirmation leave, reproductive health and wellbeing leave, Cultural and Ceremonial leave. Access your LSL after 3 years, take AL at half pay, and purchase up to 2 weeks additional leave (just to name a few!).
• Your Professional development matters, up to $5k per year professional development and up to 8 days professional development leave, HESTA scholarships and free access to a range of premium learning tools.
• Your health and wellbeing matters, free annual flu shots and skin checks, incredible social events throughout the year and a comprehensive employee assistance program available 24/7.
• Your financial wellbeing matters, up to 15% super, financial planning support, end of year payment for all Enterprise Agreement-covered employees, incentivised Employee Referral Program and novated lease options.

We celebrate, value and include people of all backgrounds, genders, identities, cultures and abilities. We welcome and support applications from First Nations people, physically, neuro or culturally diverse, LGBTQI+, and people of any age. We are proud to be WGEA accredited as an Employer of Choice for Gender Equity.

 
We want all candidates to feel safe, included and provided with the best opportunity to thrive, if you require reasonable adjustments during your application or throughout the recruitment process, please reach out to a member of the Talent team *******@hesta.com.au and we’ll call you to discuss.

 
Please note: Applications via recruitment agencies will not be accepted for this position