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Executive Director – GP Solutions

Addison, TX; Montpelier, VT

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

About Us

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team.  They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision.  We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders.  Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

Please note that we do not offer visa sponsorship for this position.

Role Summary

NLG Capital is seeking an accomplished Executive Director to join our GP Solutions team, focused on building long-term partnerships with private asset managers. This role is responsible for sourcing, underwriting, and executing investments in asset managers and developing insurance-optimized strategies that advance NLG Capital’s objectives as a best-in-class insurance investment platform. 

The ideal candidate will bring deep expertise in GP Staking and platform underwriting, motivated by the opportunity to deploy permanent, insurance-aligned capital into partnerships that combine alignment of interests, proprietary deal flow, and sustainable long-term growth.

This position currently offers an onsite work schedule, with the expectation that you are in the office four days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday.  The work schedule type and core days are subject to change with advance notification and manager discretion.

Essential Duties and Responsibilities

GP Investments
  • Underwrite and execute GP and platform-level investments in private asset managers.
  • Structure and negotiate investments that provide governance rights, long-term economic alignment, and access to proprietary pipelines.
  • Drive post-investment engagement to deepen relationships and unlock co-investment and new product opportunities.
Market Mapping & Intelligence
  • Maintain a dynamic market map of the private asset ecosystem, with focus on asset manager M&A, minority stake opportunities, and capital formation trends.
  • Identify high-potential managers across private credit, real assets, and specialty finance.
  • Monitor new entrants, capital raisers, consolidators, and specialty platforms with partnership potential.
  • Bring a forward-leaning perspective on how asset manager business models are evolving and where value is being created.
Insurance-Aligned Strategy Development
  • Partner with GPs to design differentiated, insurance-optimized strategies in private credit, asset backed finance, and real estate.
  • Assess business plans, platform growth strategies, and manager economics for alignment with NLG Capital’s risk-return and liability-matching objectives.
  • Build a repeatable framework for seeding new products that meet insurance and institutional capital requirements.
Cross-Functional & External Collaboration
  • Work across legal, finance, and executive leadership to structure and close complex transactions.
  • Represent NLG Capital externally with GPs, LPs, and other stakeholders, positioning the firm as a partner of choice in GP Solutions.
  • Contribute to internal strategy, helping define NLG Capital’s differentiated role in the private markets ecosystem.

Minimum Qualifications

  • Bachelor’s degree required
  • 12+ years in private equity, private credit, investment banking, or asset management M&A.
  • Strong preference for experience underwriting GP or platform-level investments in credit, structured finance, or real assets.
  • Familiarity with liability-driven investing, and insurance regulatory capital frameworks is considered a plus.
  • Exceptional skills in financial modeling, valuation, and transaction structuring.
  • Ability to evaluate both manager-level economics and platform-level strategic value.
  • Strong investment committee and presentation skills.
  • Entrepreneurial, collaborative, and low-ego approach.
  • Proven ability to source, structure, and execute GP investments that deliver differentiated outcomes.

Preferred Qualifications

  • MBA, CFA, or equivalent credentials preferred.

Benefits

Base Pay Range.  The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors.  The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.

Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range

$255,000 - $360,000 USD

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.

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