Senior Associate, Venture Capital

Partner's Capital•San Francisco, CA

7d•Hybrid

About The Position

The Investment Senior Associate located in San Francisco will be a key contributor to our 25-person Private Equity and Real Estate team. As a sophisticated global investment firm with nearly 25 years of private markets experience, we seek new team members who are dynamic and comfortable working in a fast-paced entrepreneurial environment. The Partners Capital Research team is the engine for identifying and underwriting attractive investment opportunities for inclusion in client portfolios, as well as the deployment of our discretionary investment vehicles. Within our broader Research team, the Private Equity and Real Estate team manages the Firm’s investment program and external manager relationships across buyouts, growth equity, venture capital, and real estate and infrastructure. The primary goal of the Private Equity and Real Estate research team is to deliver high absolute returns over the long term by partnering with top-tier managers. The team also supports the growth of the business through innovation, creativity and continuous improvement of our investment program in the face of a competitive and rapidly changing market environment. This role will primarily be focused on investment diligence (70% allocation), with additional responsibilities (30% allocation) across portfolio management and process management: Investment Diligence (70% Allocation) Fund Diligence: This role will primarily focus on underwriting venture capital primary fund investments, with additional exposure to venture capital co-investments as well as private equity and real estate primary fund investments. Diligence activities include manager meetings, quantitative performance analysis, qualitative assessments of team, investment process and research quality, and external referencing. The diligence process culminates in a written investment presentation for team discussion and Investment Committee review, with the Senior Associate playing a lead role in drafting and driving its development. Asset Class Research: Support research on investment opportunities, industry trends, and market dynamics across the venture capital asset class. Contribute to investment theme ideation and creation of firm intellectual property. Portfolio Monitoring & Process Management (30% Allocation) Portfolio Monitoring: Monitor approved investments through quarterly reporting reviews, semi-annual manager meetings, and tracking new investments, exits, and manager updates. Attend Annual Meetings for managers within coverage responsibilities. Process Management: Coordinate with internal and external stakeholders to support legal and operational diligence alongside investment diligence and oversee fund closing processes for approved opportunities. Additional responsibilities include preparing materials for our monthly Asset Class Team-Client CIO meeting, investment database support, and marketing support. Other In addition to the above, this role will, for variety, include other activities and projects, such as researching and improving our portfolio construction knowledge and approach, assisting with business development, or helping to develop our technological capabilities. Key responsibilities may be assessed and are subject to change from time to time based on the needs of the business.

Requirements

Undergraduate degree with a strong track record of academic achievement.
4-7 years of prior work experience in a professional services role (e.g., private equity or venture capital LP investing, venture capital or growth equity direct investing, investment banking, management consulting, or corporate strategy).
Demonstrated interest in technology, investing, and the venture capital industry.
Aptitude for rigorous qualitative and quantitative analysis delivered via an answer-first communication style.
Excellent problem-solving and interpersonal skills.
Strong work ethic, good attention to detail, and ability to multi-task.
Team player attitude with a desire to work on a wide range of projects.
High intellectual curiosity and willingness to contribute to the overall success of the business.
Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook).

Nice To Haves

Support the growth of the business through innovation, creativity and continuous improvement of our investment program in the face of a competitive and rapidly changing market environment.

Responsibilities

Underwriting venture capital primary fund investments, with additional exposure to venture capital co-investments as well as private equity and real estate primary fund investments.
Conducting diligence activities including manager meetings, quantitative performance analysis, qualitative assessments of team, investment process and research quality, and external referencing.
Drafting and driving the development of written investment presentations for team discussion and Investment Committee review.
Supporting research on investment opportunities, industry trends, and market dynamics across the venture capital asset class.
Contributing to investment theme ideation and creation of firm intellectual property.
Monitoring approved investments through quarterly reporting reviews, semi-annual manager meetings, and tracking new investments, exits, and manager updates.
Attending Annual Meetings for managers within coverage responsibilities.
Coordinating with internal and external stakeholders to support legal and operational diligence alongside investment diligence.
Overseeing fund closing processes for approved opportunities.
Preparing materials for monthly Asset Class Team-Client CIO meetings.
Providing investment database support.
Assisting with marketing support.
Researching and improving portfolio construction knowledge and approach.
Assisting with business development.
Helping to develop technological capabilities.

Benefits

Professional development and career progression opportunities
Competitive compensation
Exceptional benefits
Flexible “results-focused” working model
Medical insurance
Dental insurance
Vision insurance
Short-term disability insurance
Long-term disability insurance
Life insurance
Flexible spending accounts
Commuter benefits
Paid time off
401(k) plan with employer matching
Global philanthropy via a charity program
Volunteer day
Wellness and social events
Support the pursuit of professional certifications such as the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), etc.