Vice President, Private Markets Tax

About this role

Due to the significant expansion in the Black Rock Private Markets platform including the Global Infrastructure Partners (“GIP”) platform, a hire is required in London to join the global Black Rock Private Markets Tax Team. This team currently comprises 30+ staff in total (who are located in the US, UK and Hong Kong) and is headed by two Managing Directors based in New York.

Black Rock is the world’s largest asset management company and is independently listed (ticker: BLK) and headquartered in New York. The Private Markets team is responsible for investment management, strategic planning and oversight across Black Rock’s $450+ billion alternatives investment platform.

• Private equity solutions
• Infrastructure solutions
• Secondaries solutions
• Direct private equity and venture capital
• Private credit (Mortgage securitization / CLOs / direct lending)
• Private infrastructure (equity and debt)
• Real estate (equity and debt)
• Hedge fund solutions
• Alternative solutions
• Direct hedge funds

This is a broad in-house tax role focusing on supporting the Global Infrastructure Partners business, including:

• Providing hands-on tax support to the EMEA GIP private infrastructure equity and debt business areas through the full lifecycle of investments, including but not limited to:
  • Work closely with finance and legal teams to manage post-deal tax work streams
  • Monitor domestic and international tax laws (e.g. BEPS, Pillar
    2) and advise on the impact on investment structures
  • Manage transfer pricing reviews and documentation across relevant jurisdictions
  • Drive tax aspects of group restructurings, refinancings and distributions
  • Oversee tax compliance processes for fund entities, including liaising with external advisors
  • Scope to provide tax input in relation to M&A activity including acquisitions, bolt-ons and disposals
  • Assistance in development of robust tax-related processes and procedures as the platform expands
  • Working with the wider Product Tax team on matters arising which impact Black Rock’s broader product offering

The role will report to an Infrastructure-focused Director in the Private Markets Tax team in London. That Director reports to the Global Co-Heads of Private Markets Tax (based in New York), who reports to the Global Head of Tax (based in New York). The role involves working both with members of the global Private Markets Tax Team (based in the US, EMEA, and Asia Pac) as well as the broader Product Tax Team.

• Provide ongoing tax oversight throughout the life of an investment, including:
  • restructurings, refinancings and distributions,
  • post-deal structure implementation, and
  • consideration of tax law changes and corresponding tax projects.
• Work closely with members of the wider GIP platform e.g. finance and legal, in relation to the implementation of investment structures and funds flows
• Liaise and collaborate closely with members of the global Private Markets Tax Team responsible for covering the business lines above in their respective region
• Assist with oversight of EMEA tax reporting compliance work outsourced to external advisors
• Monitor tax technical developments affecting these funds and investments, and respond as necessary
• Build robust practices and efficiencies with respect to tax policies and operational processes

The following are required from all candidates:

• A law degree / accountancy qualification e.g. ACA or similar
• General corporation tax knowledge with a knowledge of infrastructure or private equity funds, M&A and investment taxation in EMEA seen as a benefit
• Experience working in practice, either at a law firm, a Big 4 accountancy firm or in-house at a private equity or hedge fund or an asset management company
• At least 5+ years experience with corporate or fund tax issues in the asset management space or similar

This is a high exposure role, involving much direct contact with the GIP business line and some with end clients. The product range is often highly challenging in tax technical terms. Accordingly, it is important that the role holder:

• is…