Senior Associate, Venture Investments

Novo Holdings•Boston, MA

21h•Onsite

About The Position

Novo Holdings is seeking a Senior Associate to join its Venture Investments team in Boston. Novo Holdings is a holding and investment company responsible for managing the assets and wealth of the Novo Nordisk Foundation. Its purpose is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns for the Foundation. The company invests across equities, bonds, real estate, infrastructure, and private equity, and is a life sciences investor through its Seeds, Venture, and Principal Investments teams. As of year-end 2025, it had DKK 694 billion (EUR 93 billion) in assets under management. The Venture Investments team originates, analyzes, and manages global private and public equity investments, primarily in preclinical and clinical-stage biotechnology and high-growth-revenue medical technology. The Senior Associate assesses investment opportunities, conducts primary due diligence, prepares investment materials, monitors and assists with private investments, and supports portfolio management and other organizational activities. The role includes reviewing scientific and clinical evidence, evaluating clinical, regulatory, commercial, intellectual property, competitive, management, and valuation considerations, and engaging with relevant external experts. Novo Holdings describes a respectful and collaborative culture in which opinions are valued, with commitment to diversity, equity, and inclusion. It offers a diversified life sciences investment platform and opportunities for internal talent development and venture career development.

Requirements

Ph.D. in the life sciences or an M.D., with a strong scientific and/or clinical background.
At least 3 years of industry experience in consulting or investing, including evaluating companies.
Proficiency in financial statement analysis, accounting, and financial modeling.
Strong work ethic.
Ability to work with cross-cultural and multi-office teams.
Team-oriented approach.
Passion for healthcare investing.
Organized and detail-oriented, with demonstrated ability to multitask.

Nice To Haves

Experience working with industry databases such as Citeline and PitchBook, libraries, and other data sources to research companies, clinical trials, competitive positioning, and commercial opportunities.

Responsibilities

Assess investment opportunities, including clinical unmet need, scientific validation, management strength, clinical development plans, regulatory outlook, commercial opportunities, intellectual property, competitive landscape, and valuation.
Conduct primary due diligence on new investment opportunities.
Review relevant scientific and clinical publications in depth.
Review and distill company-provided materials.
Analyze competitive landscapes.
Conduct calls with key opinion leaders, physicians, payers, and other relevant experts.
Prepare and present investment materials and supporting documentation to guide potential investments.
Monitor and assist with management of private investments.
Attend scientific and broker conferences.
Assist with operations and ad hoc tasks supporting portfolio management.
Collaborate with other areas of the organization to support Novo Holdings activities.