Associate

1 month ago


London, United Kingdom HarbourVest Partners Full time

Job Description Summary

JOB DESCRIPTION SUMMARY

The principal functions include investment analysis, due diligence, investment recommendation and negotiation, and investment monitoring. This includes, but is not limited to, partnership and company modeling, qualitative and quantitative analysis of managers, capital structures, and relevant industries, and the coordination of the closing process. A Secondary Associate is expected to lead smaller transactions (from sourcing and analysis through closing) as the junior investment professional, while supporting senior investment professionals in larger transactions. In addition, a Secondary Associate will participate in tracking secondary investment performance and analyzing the results. These conclusions will be reported to investors through regular reporting channels, and the Dover Street Annual Meeting. Finally, a Secondary Associate is expected to contribute to group management through a number of administrative duties.

JOB SKILLS & ABILITIES
- Word
- Excel
- PowerPoint

RESPONSIBILITIES
- Investment Due Diligence - 40%_
- Perform in-depth analysis of potential secondary investments. This includes modeling of partnerships, individual companies and transactions, as well as qualitative and quantitative analysis of managers, capital structures, and relevant industries.
- Present findings to senior investment professionals within the Secondary Team.
- Prepare and present materials for Investment Committee review.
- Deal Shaping and Structuring - 15%_
- Maintain dialogue during a deal with sellers, agents and GPs as appropriate. Work to understand pricing expectations and motivations of a seller, and transaction and structuring issues with multi-asset deals.
- Coordinate upfront legal and tax work.
- Build external relationships in the context of a deal for future investment opportunities.
- Transaction Closing - 10%_
- Coordinate HarbourVest, seller, and any third party resources to close transactions.
- Review legal documentation, manage document flow, and prepare all documentation in accordance with HarbourVest closing policies.
- Investment Monitoring - 10%_
- Perform analysis as necessary to evaluate secondary investment performance: update calls with General Partners, financial statement analysis, attendance at annual meetings, and primary and secondary research as appropriate.
- Communication with Investors - 10%_
- Assist in the writing of letters to investors for regular reporting and for fund investment updates.
- Prepare annual meeting and reporting materials. Assist in updating marketing materials.
- Sourcing - 10%_
- Identify contact and introduce potential sellers to help drive deal flow.
- Expand ability and comfort level with sourcing.
- Management - 5%_
- Assist in the management and professional development of less senior investment staff and oversee the duties of Administrative personnel.

EDUCATION: BS/BA, MBA or equivalent in experience

WORK EXPERIENCE: 2-4 years relevant experience or MBA and relevant experience



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