Capital Markets

fal•San Francisco, CA

2d•$180,000 - $220,000

About The Position

The Capital Markets role works closely with fal's capital markets team to manage the company's debt and equity fundraising efforts and support corporate development as fal grows. The work includes GPU-backed debt facilities, equity rounds, relationships with lenders and investors, and strategic deals. The role has substantial ownership from the start and works directly with senior leaders in a deliberately flat organization. The position involves building and maintaining financial models, managing financing and fundraising processes, coordinating counterparties, and producing clear materials for external stakeholders. It also includes post-close tracking and reporting, corporate development analysis, monitoring market terms for GPU and infrastructure financing, and using AI tools to automate recurring finance work.

Requirements

At least 5 years of experience, starting in investment banking, private equity, private credit, or infrastructure investing.
Strong financial modeling skills, including the ability to build models from scratch, stress-test them, and explain their drivers.
Working knowledge of debt structures and credit documents, including term sheets, credit agreements, and covenants, and of how equity rounds come together.
Clear, simple writing and the ability to translate complex models into accessible memos or decks.
Strong organization and the ability to manage multiple processes and counterparties without losing detail.
Resourcefulness, low ego, urgency, and interest in working at a fast-moving AI company where processes are still being built.

Nice To Haves

Experience with infrastructure, project finance, asset-backed financing, or GPU financing.
Exposure to M&A or corporate development.
Experience in a corporate or startup finance role after banking or private equity.
A track record of using AI tools to automate finance workflows.

Responsibilities

Help structure and close GPU and infrastructure financings, including revolvers, term loans, asset-backed facilities, and SPV structures.
Run lender processes, diligence, and documentation in coordination with legal.
Support equity raises end to end, including the financial model, investor materials, data room, diligence, and follow-ups.
Own key components of the operating model and the lender and investor cases built on it.
Create decks and memos that make fal's business clear to external stakeholders.
Manage lender and investor conversations, track counterparty needs, and ensure follow-ups are completed.
Track covenants, borrowing bases, and reporting requirements across facilities, and keep lenders and investors updated.
Evaluate strategic investments, partnerships, and potential acquisitions, and provide analysis to support leadership decisions.
Monitor market pricing, structures, and terms for GPU and other infrastructure financing.
Use AI tools to automate recurring reporting and diligence work.