Job Description
FIRM OVERVIEW
This firm is one of the world’s leading private multi-asset alternative investment firms with an impressive number of assets under management that creates lasting impact for their investors, teams, businesses, and the communities in which we live. Since founding, they’ve applied their insight and experience to organically expand into several asset classes including private equity, credit, public equity, real estate and venture capital. They leverage their shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, their global team aligns their interests with those of their investors for lasting impact.
COMPANY INVEMENT / LIFE SCIENCES OVERVIEW
This team is an affiliate of the firm and was established to utilize an investment strategy derived from the Firm’s proven, deep diligence, value-added approach to build great companies that deliver both competitive financial returns and measurable social and environmental impact. The team targets three distinct impact themes:
Health & Wellness: Improve health outcomes by providing access to high quality, affordable healthcare for underserved patient communities, promoting higher quality and more sustainable food systems, and developing products and services that promote healthy lifestyles;
Education & Workforce Development: Reduce skills and achievement gaps and improve economic mobility by providing training and education, promoting ownership, and catalyzing economic growth in distressed communities;
Sustainability: Reduce environmental impact and greenhouse gas emissions through ecologically beneficial water, energy, agricultural and other sustainable products, services and business operations.
Life Sciences is an affiliate of the Firm and was established to invest in life science companies. The Firm believes that healthcare, and life sciences in particular, are attractive markets for investing with ample opportunity to deploy capital efficiently and deliver attractive returns to investors. In addition, the Life Sciences team has proven to be a valuable resource to its Firm’s affiliate advisers to enhance healthcare vertical expertise, expand networks and collaborate on investments. Life Sciences targets four archetype investment opportunities:
Inflection Capital: Opportunities to provide capital to a company to fund a key discrete derisking event that will drive a value inflection for a company. An example of this would be the funding of a clinical trial that will demonstrate efficacy and proof of concept of a therapeutic. This type of investment is typically an equity round following an early venture capital investment.
Growth Capital: Opportunities to provide capital to a company to accelerate and expand business growth. This will typically be a near revenue or revenue generating company in need of capital to fund development of additional products, expand its geographical reach, expand its label and indications or enhance its commercialization efforts. In addition, investments also can support the development of a platform company with a less risky development profile. This type of investment can take the form of equity, structured equity or hybrid debt.
Fallen Angels: Opportunities to invest capital in a company, typically public, with an impaired asset (e.g., following a clinical, regulatory or commercial misstep) that is in need of capital to course correct to realize fundamental asset value. This type of investment would typically be equity, structured equity or hybrid debt.
Larger Private Equity: A mature, cash generative business where the Life Sciences team would leverage its capabilities to collaborate with the Firm’s affiliates to invest in a mature company in a manner consistent with later stage private equity investments.
KEY RESPONSIBILITIES
Primarily responsible for the review, management of and participation in the following activities for Company Investment and Life Sciences Partnerships:
Manage relationship with third party administrator for the following:
Quarterly US GAAP Basis Reporting; annual US GAAP Basis audit
Annual Tax Basis Book Preparation; working with internal tax department and external advisers regarding tax implication of complex investment transactions
Cash flow management, capital calls and cash and stock distributions
Work with deal staff to assist in the preparation of quarterly portfolio company valuations & prepare summarized data for partner presentations
Performance, hurdle and waterfall analysis
Responding to requests and inquiries of limited partners and their representatives via telephone and email
Working with Investor Relations in preparation of presentation materials, information posted to investor website, fundraising documents
Understanding and documenting investment transactions; working with deal staff and outside advisors on deal closings and harvest transactions
Analysis of various fund activities to ensure compliance with partnership agreements
Other ad hoc responsibilities
Working with the Finance team and CFO on projects to enhance the product of the team, department and firm.
GENERAL QUALIFICATIONS
3-5 years accounting experience
Certified Public Accountant or MBA (preferred but not required)
Excellent project management and organizational skills; ability to effectively prioritize multiple projects with the highest attention to detail
Creative problem solving ability and sound judgment – ability to use own initiative and take responsibility for decisions
Strong interpersonal skills with capacity to interact with all levels
Team player
DESIRED EDUCATION
Bachelors Degree in Finance or Accounting from a four-year college/university with a strong academic background
Effective November 1, 2021, all new U.S. hires must be fully vaccinated against COVID-19 (e.g. 14 days past their final dose of the COVID-19 vaccine and if eligible, have received their COVID-19 booster) or have received a religious or medical exemption from the Firm’s Human Resources team.
This Firm is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.