Quantitative Researcher

Vice President or Principal, Quantitative Research SpecialistChicago, Illinois, United StatesAdams Street Partners ("Adams Street") is a global private markets investment manager that has nearly $76 billion* in assets under management. The firm is 100% employee-owned, which fosters a positive and unique culture of collaboration, intellectual rigor, integrity, and a commitment to professional development. For the eighth year in a row, Adams Street was named one of Pension & Investments' Best Places to Work in Money Management in 2025.Employees operate as a single global team, integrating the expertise of the firm's investment professionals across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. Adams Street is considered a private markets pioneer and was inducted into the Private Equity Hall of Fame in 2000.The firm was founded more than 50 years ago, and clients include leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.Adams Street has offices in Abu Dhabi, Austin, Beijing, Boston, Chicago, Hong Kong, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.* As of June 30, 2026. Adams Street Partners' methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings ("regulatory AUM") have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.Team Overview:The Investment Strategy and Risk Management (ISRM) team is responsible for oversight of and input into the top-down portfolio construction of the Firm's portfolios and ensuring client portfolios appropriately capture the Firm's bottom-up investment recommendations. This is a highly visible role which will feature interaction with Senior Management across various investment teams as well as the client-facing part of the organization.Key Responsibilities:Design and build statistical models to evaluate alternative datasets, assess portfolio risk, and optimize investment strategies for illiquid assets, including private equity and private debt.Translate complex private markets data into actionable, client-ready insights for internal stakeholders and external clients.Integrate, clean, and analyze large and complex datasets, including alternative investment datasets that may be unstructured or imperfect.Identify value drivers, market behaviors, and trends that can inform investment decision-making.Develop advanced analytic models, scenario analyses, and simulation-based frameworks, including Monte Carlo simulations, to support risk-aware portfolio construction and investment processes across subclasses, strategies, and products.Generate original, proprietary research and develop clear, concise white papers, presentations, and other materials for internal stakeholders and external clients.Partner with software developers, Data Management, IT, and model validation teams to deploy quantitative code and analytics.Maintain and enhance existing analytic applications and support the use of analytic models for marketing, client service, and investment-related use cases.Work closely with technical and non-technical stakeholders to develop solutions for ISRM and other internal consumers.Collaborate with existing technical resources to optimize where data is stored, how it is accessed, and how end users can effectively leverage data and analytics.Manage multiple workflows and projects, including tracking dependencies, deliverable dates, milestones, and stakeholder inputs.Prioritize and execute work independently while maintaining accuracy, quality, and timeliness.Candidate Requirements:We seek an individual who is self-disciplined, demonstrates excellent attention to detail and has the following characteristics:Advanced degree in Mathematics, Statistics, Computer Science, Finance, Economics, or a similar quantitative field.CFA® charterholder preferred but not required.Background in quantitative finance, financial engineering, or quantitative modeling strongly preferred.5–10 years of relevant experience in a quantitative role within asset management.Minimum of 2 years of experience involving private markets investment processes and portfolios, such as private equity or private debt.Strong quantitative, analytical, critical thinking, and problem-solving skills, with the ability to apply robust statistical techniques to large, complex, and imperfect datasets.Exposure to quantitative or statistical modeling techniques used in portfolio analytics, forecasting, and risk management.Strong programming capabilities, including proficiency in Python, R, SQL, and/or C++.Experience with common database and software platforms required.Familiarity with machine learning and AI workflows preferred.Strong understanding of investment management concepts, including accounting principles, portfolio theory, equity valuation, factor models, asset allocation, portfolio optimization, liquidity risk management, and performance measurement.Familiarity with private investment vehicles and the considerations involved in managing private capital strongly preferred.Ability to translate technical methodologies into clear, commercial, and client-oriented insights.Demonstrated experience communicating and collaborating across multiple internal and external stakeholders, including technical and non-technical audiences.Ability to manage priorities independently, maintain accuracy under tight deadlines, and drive projects from concept through execution.Experience directing and managing support staff a plus.We offer a competitive U.S. benefits package designed to support health, financial security, and work-life balance. Highlights include medical, dental, and vision coverage; a 401(k) with immediate vesting and employer match; profit sharing; flexible spending accounts (FSA); and paid parental leave, including adoption. Employees also receive generous paid time off, commuter benefits, employer-paid short- and long-term disability and life insurance, and access to additional voluntary benefits.Illinois Pay Transparency$175,000 - $250,000 USD