Investment Associate, Private Equity Funds team, SMART Group

CDC Group
London, United Kingdom

09 June 2021

The Role

Purpose

  • Support senior investment professionals in the management of portfolio funds (private equity funds and managed strategies), including actively monitoring the financial performance and development impact of the funds and their compliance with CDC’s investment policy.
  • Member of a deal team that sources, analyses and completes new proposals to invest in funds, with the objective of selecting fund managers with the highest potential for financial and developmental impact.
  • Reviewing all aspects of fund commitment agreements and assisting in the negotiation process, including working with CDC’s Environmental and Social, Business Integrity, Development Impact, Legal and Finance teams in support of both fund selection and relationship management.
  • Taking a pro-active approach to identify problems of under-performance and/or non-compliance at fund manager level, including Environmental, Social and Governance standards, and to propose tangible solutions.
  • Maintaining and sharing up-to-date market knowledge/intelligence, geographic and sector mappings

Apply on the CDC Group website » 

Responsibilities

  • Assessing investment performance and compliance
  • Active engagement with the relevant fund managers (General Partners) and other investors (Limited Partners):
    • Formally, through the review and analysis of quarterly fund reports; this may also include supporting the deal lead in advisory board meetings
    • Informally, through regular dialogue with the fund managers, other investors, and other organizations active in the regional business community
  • Supporting the work of the deal lead or other senior investment professionals on each fund relationship
  • Monitoring and reporting on the financial performance, compliance, ESG, and any other issues that relate to existing portfolio investments
  • Supporting analysis and creating frameworks for analysis under the guidance and supervision of other colleagues
  • Evaluating new investment opportunities and maintaining market knowledge
  • Assisting in the design and implementation of market scoping studies as relevant
  • Support building an effective network in the funds business in CDC’s markets
  • Develop expertise on economic, political and social conditions in relevant countries in which CDC is active
  • Engage in the process to catalyse/incubate new private equity managers
  • Assisting in the selection of funds which will meet CDC’s objectives under its development impact criteria, including utilising CDC’s internal tools for mapping proposals
  • Preparing investment proposals/papers, conducting due diligence, and presenting investment recommendations to CDC’s Investment Committee
  • Travelling to Africa and South Asia to conduct onsite meetings as required
  • Assisting in the preparation of recommendations to CDC’s Executive Committee, Board of Directors, and Investment Committee
  • Reviewing documentation and assisting in fund commitment negotiations
  • Working with fund managers and other investors to achieve alignment of investment contracts and legal documents, including fee and incentive arrangements, financial metrics reporting, management company rights and investor protections
  • Working closely with Environmental and Social, Business Integrity, Development Impact, Finance and Legal teams and, in conjunction with those teams, scoping their role in the investment process of each new proposal

The Candidate

Background

  • Strong academic credentials, preferably including a post-graduate qualification such as CFA, ACA, IMC, MBA or equivalent
  • Relevant business experience from analyst/graduate position with prior exposure to emerging market finance, especially in Africa or South Asia, is desirable
  • Some previous experience within private equity, fund-of-funds management or consulting, investment banking or broader financial services or management consulting experience is desirable
  • Report writing, proficient business communication and presentation skills are imperative
  • Analytical, research and valuation skills, including the ability to analyse company reports, sector data, economic situations and relevant political events
  • Ability to work to deadlines and manage time effectively
  • An active interest in investing in developing countries
  • Demonstrable alignment with CDC’s mandate, mission and values

Technical Skills & Other Requirements

  • Ability to analyse and benchmark investment performance reports and technical data
  • Demonstrable professional approach and ability to develop relationships
  • Understanding of fund/manager assessment skills
  • Familiarity with diligence processes, financial terms, legal terms
  • Understanding and comfort with emerging market environments
  • Willingness to travel within Africa and South Asia
  • Relationship building within the team and across internal CDC teams
  • Strong analytical skills and technical writing ability
  • Focus on achievement of objectives, aptitude and willingness to learn
  • Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity

Please provide a cover letter with your application

Role opened: 02/06/2021

Role closes: 30/06/2021

Apply on the CDC Group website » 

RT @CDCgroup: This week we announced that G7 development finance institutions and multilateral partners, are investing a combined $80bn in…

RT @TLcomCapital: African tech through the lens of @AVCA_Africa's 2020 Data Tracker🔎: - $6.5bn worth of investments (2015 - 2020) - 55% o…

RT @FSDAfrica: We are hosting a stakeholders workshop with @EFInA_Nigeria and @GSMAm4d, @WFP, facilitated by @siaedge to share insights f…

AVCA Member News: African Infrastructure Investment Managers (AIIM) make follow-on investment in MetroFibre Networx… https://t.co/kWOgUrHz3m

RT @CDCgroup: We're welcoming @alueducation Founder @FredSwaniker to our next Insight event. Fred will be discussing the role of leadership…