At a Glance
- Tasks: Manage private market funds and coordinate across teams for seamless operations.
- Company: Join iCapital, a leader in private markets with a collaborative culture.
- Benefits: Flexible work options, competitive salary, and opportunities for professional growth.
- Other info: Work in a dynamic environment with a focus on teamwork and innovation.
- Why this job: Take ownership of innovative fund structures and make a real impact in finance.
- Qualifications: 6-15 years in product management or fund operations, especially with Luxembourg structures.
The predicted salary is between 80000 - 100000 £ per year.
About the Role: iCapital is seeking a Direct Funds Product Manager to take ownership of post-launch product management, lifecycle oversight and governance for a growing suite of private markets funds across EMEA, with a primary focus on Luxembourg-domiciled structures (including UCI Part II, RAIFs and related vehicles). This role operates with a high degree of autonomy and ownership across complex fund structures and acts as the central coordination point for fund operations post-launch. The position can be based in Lisbon, Zurich or London and supports EMEA-focused private markets clients.
Responsibilities:
- Cross-Functional Coordination
- Act as the central coordination point across Structuring, Legal, Tax, Operations, Compliance and Platform teams
- Translate client, regulatory and product requirements into clear internal actions
- Drive alignment across teams to ensure timely and consistent execution
- Operational & Structural Oversight
- Oversee operational aspects of fund structures, including share class design, fee structures, reporting requirements and platform configuration
- Coordinate the operational review and implementation of fund documentation (PPMs, LPAs, subscription materials)
- Maintain consistency between legal, operational and platform implementation
- Client & External Interaction
- Serve as the primary interface with clients, GPs and external stakeholders on operational and product-related matters
- Respond to due diligence questionnaires (DDQs), investor queries and fund-related information requests
- Handle AML / KYC questionnaires and coordinate with relevant internal teams
- Escalation & Issue Resolution
- Act as escalation point for complex operational, governance and product-related issues
- Drive resolution across internal teams and external service providers
- Track and manage key operational risks and issues across fund structures
- Post-Launch Development & Enhancements
- Lead and implement product enhancements post-launch, including structural adjustments and new share classes
- Support the evolution and scaling of the evergreen/direct funds platform
- Contribute to standardisation of processes, templates and service frameworks across EMEA
Qualifications:
- 6–15 years of relevant experience in product management, fund structuring, fund operations or related roles within private markets
- Strong experience with Luxembourg fund structures, particularly UCI Part II, RAIFs or similar vehicles
- Strong understanding of private markets fund structures, lifecycle management and governance frameworks
- Familiarity with AIFM environments and key service providers (administrator, depositary, auditors)
- Solid understanding of fund documentation and its operational implications
- Proven ability to operate in complex, multi-stakeholder environments with a high degree of ownership
- Strong problem-solving skills, with the ability to handle non-standard and time-sensitive situations
- High attention to detail and strong organisational capabilities
- Excellent communication and stakeholder management skills across internal and external parties
- Experience with evergreen or semi-liquid structures is advantageous
- Exposure to cross-border product structuring and multi-jurisdictional setups is a plus
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office four days, with the flexibility to work remotely one day (Friday).
Direct Funds Product Manager in London employer: iCapital
iCapital is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Direct Funds Product Manager role. With a focus on employee growth and development, the company offers opportunities to engage with complex fund structures across EMEA while enjoying a flexible work arrangement that promotes work-life balance. Located in vibrant cities like Lisbon, Zurich, or London, iCapital provides a dynamic environment where employees can thrive and contribute to meaningful projects in the private markets sector.
StudySmarter Expert Advice🤫
We think this is how you could land Direct Funds Product Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the private markets space, especially those who know about fund management. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by diving deep into the specifics of Luxembourg fund structures and operational oversight. Show us you know your stuff, and don’t shy away from discussing how you’ve tackled complex issues in the past.
✨Tip Number 3
When you get the chance to meet potential employers, be sure to ask insightful questions about their fund operations and governance frameworks. This shows you’re genuinely interested and helps you stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Direct Funds Product Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Direct Funds Product Manager. Highlight your experience with Luxembourg fund structures and any relevant product management skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about private markets and how your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Problem-Solving Skills:In your application, don’t forget to mention specific examples where you've tackled complex issues in fund operations or governance. We’re looking for candidates who can navigate challenges with ease and creativity!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at iCapital
✨Know Your Fund Structures
Make sure you brush up on your knowledge of Luxembourg fund structures, especially UCI Part II and RAIFs. Being able to discuss these in detail will show that you understand the complexities of the role and can navigate the intricacies of private markets.
✨Master Cross-Functional Coordination
Since this role involves liaising with various teams like Legal, Tax, and Operations, prepare examples of how you've successfully coordinated across different departments in the past. Highlight your ability to drive alignment and ensure timely execution.
✨Showcase Your Problem-Solving Skills
Be ready to discuss specific instances where you've tackled complex operational or governance issues. Use the STAR method (Situation, Task, Action, Result) to structure your answers and demonstrate your strong problem-solving capabilities.
✨Communicate Effectively
As the primary interface with clients and external stakeholders, your communication skills are crucial. Practice articulating your thoughts clearly and concisely, and be prepared to answer questions about how you handle investor queries and due diligence requests.
