Director of Mission-Aligned Investments
About The Position
Arnold Ventures (AV) is a philanthropy that supports research to understand the root causes of America’s most persistent and pressing problems, as well as evidence-based solutions to address them. By focusing on systemic change, AV is working to improve the lives of American families, strengthen their communities, and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008, the philanthropy has expanded, and AV’s focus areas include education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change. The Arnolds became signatories of the Giving Pledge in 2010. Position Overview AV is building out a mission-aligned investing team that will invest across the organization’s focus areas. The team will have a broad mandate to further the philanthropic goals of the organization, with discretion to invest across stages (venture through late stage), the capital structure (debt through equity), as a limited partner in funds, and via credit enhancements and guarantees. The team will develop and invest in opportunities where market-rate and concessionary capital can catalyze private and public sector investment. Investments will be made from a $5 billion endowment. This is a highly entrepreneurial opportunity to be on the ground floor of shaping an investment platform with substantial flexibility and resources to maximize impact for millions of Americans. The team plans to focus initially on the housing and criminal justice sectors and will invest opportunistically in AV’s other focus areas. The role will be structured as a sector generalist. This position is based in AV’s New York City office and reports to the Executive Vice President, Mission-Aligned Investments.
Requirements
- 10 years of investment experience with leading venture capital or private equity/credit firms, investment banks, or real estate developers
- Excellent financial transaction experience and financial analysis, modeling, and due diligence skills
- Exceptional strategy development, deal sourcing, deal execution, and portfolio engagement skills
- Excellent oral and written communication skills, with the ability to communicate investment and financial concepts to diverse, nontechnical audiences
Responsibilities
- Lead deal teams that include programmatic, investment, and legal colleagues to execute new investments, including thesis formation, sourcing, initial evaluation, investment shaping with company executives and co-investors, structuring, due diligence and financial modeling, and negotiation of legal documentation
- Partner closely with programmatic colleagues to understand the evidence base, policy landscape, and philanthropic goals in critical investment areas
- Source potential investments through active outreach and relationship-building with CEOs, senior executives, and investors
- Present investments to AV’s Board of Directors
- Manage portfolio investments, including relevant board observer responsibilities
Benefits
- AV is committed to providing a robust and comprehensive benefits package to eligible employees. Our current benefits package includes 100% paid employee premiums for medical, dental, vision, basic life, and short- and long-term disability insurance; 20 days of paid time off, 16 paid holidays (including a winter break from December 24 to January 1), a hybrid policy that includes four days in office and one flexible day for remote work, and a summer schedule with alternating Fridays off beginning on Memorial Day and ending on Labor Day; paid parental leave; a 401k retirement savings plan with an employer match, profit-share contribution, and immediate vesting; pre-tax transit benefits; a professional development stipend; a charitable giving stipend; and an employee assistance program. In addition, a relocation bonus is available for candidates who will move to one of AV’s three office locations for a position.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
Number of Employees
101-250 employees
