SBICAP Ventures - Analyst - Fund of Funds

Background

NSIC Venture Capital Fund Ltd. (NVCFL), a wholly owned subsidiary of The National Small Industries Corporation, a Mini-Ratna Corporation of the Government of India under the MSME Ministry has setup a Fund of Funds (FoF) christened as Self Reliant India (SRI) Fund, as a Category II Alternate Investment Fund (AIF), for providing growth capital to the Micro, Small and Medium Enterprises (MSMEs).

Subsequent to a competitive bid process, SBICAP Ventures Limited (SVL) was selected as the Investment Manager to the SRI Fund. SRI Fund was registered with effect from September 1, 2021 as a Category II AIF with SEBI. SRI Fund has commenced operations in October 2021 and has already committed funds to multiple daughter funds..

In addition to the SRI Fund, SVL also manages the UK-India Development Cooperation Fund (UKIDCF) which is a fund of fund platform for the Government of UK.

The SRI Fund and the UKIDCF are collectively known as "Funds Platform". Other than the Funds Platform, SVL also team oversees two private equity funds Neev I and Neev II.

In order to manage and administer the Fund Platform, SVL is looking to onboard an Analyst/ Associate to assist the investment and fund administration team of the Funds Platform.

Required Profile

- 2 to 4 years of work experience, experience in an investment banking, corporate finance, consulting, funds administration/accounting or related role would be preferred

- Should have knowledge and understanding of the financial markets, strong accounting, finance, analytical/strategic thinking capabilities and quantitative skills

- Experience with investments and/or commercial negotiations, understanding of transaction cycle and the steps in the investment process would be preferable

- Excellent written and spoken interpersonal communication skills

- Experience in working on private equity IT platforms will be an added advantage

- Self-directed, proactive, highly motivated, and able to work independently

- Well-rounded academic background, CA or MBA

Terms of Reference

- Assistance in managing all aspects of a fund of fund transaction from

i. initial screening up to closure,

ii. preparation of investment collaterals,

iii. deal documentation including discussions with external advisors,

iv. evaluation of investment terms, investment related discussions and negotiations,

v. running the due diligence process, ensuring compliance with the investment objectives & policies of the fund, and

vi. take on any other roles and responsibilities as specified by the CIO

- Research and data analysis on various investment opportunities, sectors, regulations, etc.

- Assistance in drafting of reporting formats, investment policies and procedures for implementation and management of SRI Fund

- Supporting the team in coordinating with Investors, Government internal requirements etc including by making presentations, documents, etc

- Assistance in fund administration and monitoring the progress of SRI Fund including preparation/ evaluation of monitoring dashboards/ reporting by daughter funds and internal reporting of SRI Fund

- Co-ordinating with various agencies including but not limited to fund accountant, RTA, insurance companies, DD agencies, etc

- Assistance in preparation and verification of drawdown workings, compliance with pre-disbursement conditions, and preparation of various MIS for SRI Fund, underlying funds and investee companies

- Assist teams managing Neev I & Neev II in their drawdown workings, verifications, compliance, MIS preparation, etc.

- To assist in developing and enhancing relationships between the Stakeholders and SVL for SRI Fund

- Support team in compliance with applicable law including SEBI, RBI, Income tax, etc. in relation to SRI Fund

- Reporting structure of the Analyst/ Associate shall be to Vice President or as determined by SVL

SBICAP Ventures Limited is an equal opportunity employer and seeks to increase diversity in its operations.