Introduction to Yale Investments
Yale Investments manages Yale University’s $41 billion endowment, which provides a stable source of annual revenue for university operations while supporting Yale in perpetuity. Yale’s investment strategy is rooted in several first principles: a commitment the long term; an equity-oriented approach; a diversified portfolio to manage risk; and the alignment of Yale’s interests with those of its external investment partners via deep, long-lasting relationships. Over the last several decades, Yale’s investment results have stood atop the institutional investment world, and many now emulate the “Yale model”. The endowment’s investment results support many initiatives at Yale, including expanding access to financial aid, hiring excellent faculty members, and enabling world-class research.
Yale Investments is led by Chief Investment Officer Matt Mendelsohn, supported by over 50 professionals across its investment, operations, and legal teams. The investments team covers eight asset classes worldwide, with each asset class team led by a senior investor. These asset class teams, often comprised of four to six team members, drive the day-to-day investment work.
Real Estate Associate Opportunity
Yale Investments is seeking an associate to work on Yale’s real estate portfolio. As a member of one of Yale’s asset class teams, the associate will work closely with the head of the real estate portfolio to find, diligence, and manage investments. Real estate associates on Yale's team interact with leading investors around the world, building networks and perspectives in many different investment strategies, including multifamily, industrial, office, digital infrastructure, and more.
Responsibilities include:
- Sourcing and thinking creatively about new real estate investment opportunities
- Driving analytical and quantitative work in due diligence processes for new and existing investment managers
- Assisting the head of real estate on legal reviews and negotiations with investment partners
- Developing a clear point of view on an investment opportunity
- Actively participating in meetings with Yale’s investment partners
- Monitoring Yale’s investments
- Contributing to discussions on Yale’s real estate allocation and overall portfolio management
- Mentoring, training, and guiding the workflow of analysts
Real estate associates who are strong team players and who demonstrate a robust understanding of real estate, both quantitatively and qualitatively, will be eligible for promotion to principal, typically after at least three years in the associate role. To be considered for promotion to principal, associates should also show promising early investment judgment and relationship and networking skills.
Qualifications
Experience
- Four to six years of experience at an investment platform, with some experience in real estate preferred
Education
- Undergraduate degree required
Personal Qualities
- Impeccable character with high ethical standards
- Excellent relationship-building skills
- Strong judgment and intellectual curiosity
- Energetic, hardworking, and collaborative
- Independent thinker who also thrives as part of a team
- Excellent communication skills, both written and oral
- Ability to travel to meet demands of portfolio
- Interest in supporting the work of Yale’s endowment and participating in the university community
Location
New Haven, CT (with travel and some remote days)
We encourage all potential candidates to visit the Yale Investments website.
Yale does not discriminate in admissions, educational programs, or employment against any individual on account of that individual’s sex, race, color, religion, age, disability, status as a protected veteran, or national or ethnic origin; nor does Yale discriminate on the basis of sexual orientation or gender identity or expression.
University policy is committed to affirmative action under law in employment of women, minority group members, individuals with disabilities, and protected veterans.