About the role
Join
the team rewriting the rules in private markets. Moonfare delivers what few others can: the highly sought-after funds and hidden-gem investments that go beyond what most private banks offer. Every opportunity is subjected to a ruthless vetting process; the bar is unforgivingly high. The result? Institutional-quality portfolios for investors who demand more. Our team combines finance veterans with talent from tech, consulting, law and industries you'd never expect. Headquartered in Berlin, we operate from eight offices across Europe, the US and Asia. If you're ready to build what's next in private markets, let's talk. Portfolio Manager As Portfolio Manager, you will own the economic performance of Moonfare's Luxembourg fund vehicles, exercising binding investment decision-making authority for Moonfare's sub-threshold AIFM, maximising net returns to investors by optimising fund structures and costs, managing liquidity to reduce cash drag, and minimising the performance spread between our funds and the underlying opportunities they target. Your success is measured by the net returns Moonfare delivers to its investors relative to the underlying opportunities, and by the institutional rigour with which you achieve them. Your mandate spans three connected disciplines: Fund Performance & Economics, Fund Structuring & Investment Decisions, and SME Leadership for the Operations Engine. Reporting directly to the Managing Director Luxembourg and partnering closely with the Risk & Fund Reporting Manager, the Investment Team, and the Fund Operations Services team, this is an individual contributor role. We are looking for a Portfolio Manager who treats fiduciary discipline as the foundation that lets us move fast, not as a constraint that slows us down, and who is willing to push back when something doesn't add up You Will: Fund Performance & Economics Optimise the cost base of Moonfare's Luxembourg fund vehicles (audit, tax, administration, and other fund-level expenses), challenging service providers and rebalancing cost allocations to improve net returns to investors Manage liquidity actively across the fund range to reduce cash drag, optimising capital call timing and short-term cash deployment within the limits set by the Investment Committee Own the performance spread between Moonfare's funds and the underlying opportunities they target, identifying and closing structural sources of return leakage Monitor overcommitment ratios as a performance lever, propose optimisation within IC-set limits, and consult to the Investment Committee on overcommitment strategy Validate IRR, TVPI, and DPI from an economic perspective, ensuring reported performance accurately reflects each fund's investment lifecycle Fund Structuring & Investment Decisions Exercise binding investment decision-making authority for Moonfare's sub-threshold AIFM, on the basis of recommendations provided by the Moonfare Investment Team in its capacity as sponsor and investment advisor Contribute to fund structuring decisions in partnership with the Moonfare Investment Team, the Tax Lead and the Fund Legal team, bringing fund-mechanics expertise to vehicle choice, fee waterfall design, leverage policy, and the structural choices that shape long-term economics Serve as a Member of the Board of Managers for Moonfare's General Partner (GP) entities, supporting the Chairman in deliberating and documenting investment-related resolutions in Luxembourg Perform second-level controls over third-party AIFMs from an economic perspective, ensuring their portfolio actions and allocations align with Moonfare's investors' economic interests SME Leadership for the Operations Engine Act as the "Expert Help Desk" for the global Operations Engine on complex Luxembourgish topics: SCSp governance, equalisation, fee mechanics, and the interplay between structures and economics Partner with AI and R&D teams as the SME for fund economics, governing AI-augmented fund controlling solutions built by the Fund Operations Services team and ensuring they are grounded in regulatory and commercial reality, with clear human-in-the-loop checkpoints for binding decisions Lead the portfolio-related sections of annual audits and regulatory filings (e.g., Annex IV, SFDR disclosures), in close coordination with the Risk & Fund Reporting Manager The next Moonfarian: Experience: 5+ years in Private Equity fund management, secondaries, fund-of-funds, or Big 4 Transaction Services with a PE/RE focus. You have made decisions that moved fund-level economics, not just analysed them from the outside Education: Master's degree in Finance, Economics, or Law. Professional
