SBICAP Ventures - Investment Analyst - Private Equity - Neev Fund

Neev Funds, across Neev-1 and Neev-2 is INR 1,500 crores fund with a mandate to invest in climate change sectors. The Funds havw invested in diverse sectors such as renewable energy, agri logistics, dairy, healthcare, education, waste management, green hydrogen, pollution control, water & sanitation, etc. The Neev Funds have taken a leadership position in the ESG investments space and is now recognized as a thought leader in climate and impact investing.

The Neev Fund is managed by SBI Ventures Limited ("SVL") which is a wholly owned subsidiary of State Bank of India.

Based on the success of the Neev Funds 1 and 2, SVL is planning to launch the Neev 3. The targeted corpus of the fund is expected to be INR 2,000 crores. The fund raise has seen strong progress with both domestic and global institutional investors expressing their keenness to participate. The team at SVL which is currently managing the Neev Funds has also expanded its mandate to other areas of business such as fund of funds ("FoF") initiatives in the MSME space and managing & administering a fund platform for a global sovereign institutional investor.

Reason for hire:

- With the new fund raise imminent and with increased deal flow across all initiatives of the Neev Fund team, SVL is looking to onboard Analyst(s) who will work closely with the rest of the investment team across all initiatives of the Neev Fund team including Neev-1, Neev-2, and other initiatives of SVL which have been entrusted to the Neev Team. The Analyst will assist other team members on allocated tasks across research, investing, reporting, asset management, exits and all other tasks that the fund team may undertake.

- The position is to be based out of Mumbai and will require extensive travel to the portfolio companies, new investments as well as for new initiatives of the Funds or Investment Manager.

Job Description - Analyst:

i. Research:

a) Identifying and analysing sectors for investments

b) Provide comprehensive research on industry, supply chain, competition, technological advancements, and regulatory environment for direct investments and similarly for FoF investment landscape

c) Create and update research papers on investment theme of the Neev Fund and those of the FoF investments

d) Prepare regular sector research to keep apprised of updated trends and market news/information across sectors of investment

ii. Investments and Transaction Execution:

a) Analyse investment opportunities for investment by the Neev Funds and FoF initiatives

b) Creating financial model and conducting various financial analysis on investments

c) Create sensitivity and valuation analysis using various valuation methodologies

d) Supporting the investment team for the structuring and executing of transactions

e) Assist and coordinate legal, tax, technical, integrity and financial due diligence for investments of the Fund, working closely with external advisers/ consultants

f) Assist in the preparation of investment papers, presentations and other materials as required

g) Assist in reviewing legal documents such as Termsheets, Shareholders Agreements, Share Subscription Agreements etc or other fund documents.

iii. Asset Management:

a) Analyse monthly, quarterly and annual performance of portfolio companies and portfolio funds and tracking them against the budgeted financial statements

b) Tracking financial performance including but not limited to accounting, financial & governance parameters as agreed with the portfolio companies and portfolio investments of the FoFs

c) Participate in asset management activities of the Neev Funds and FoF initiatives including analysis of MIS, assist and support senior team members in building organisational capability at the investee companies and various other initiatives taken up by the investment team

d) Tracking and reporting of the transactions in the Fund's area of investments

e) Analyse M&A and fund raise opportunities (Equity, Debt, Structured Finance etc) at the portfolio companies across the Neev Funds.

f) Support senior members in evaluating exit opportunities for the Fund from its portfolio companies

g) Prepare and assist on monthly, quarterly, and annual reporting documents for internal and regulatory compliances

iv. Investment Manager/Institutional requirements:

a) Preparing any marketing material/presentations for the Investment Manager/Parent Institutions

b) Cater to all reporting requirements of the Neev Funds, the FoF initiatives and other reporting requirements of the Investment Manager for all stakeholders involved

Key Requirements:

Neev Funds team is a pro team and not a play of averages. Each team member, therefore, is expected to be a star in her/his own right. We are looking at onboarding only the top percentile of talent in the industry. We expect the team member to be:

1. Exceptionally sharp, intellectually curious, well read, and articulate

2. With higher order thinking and structuring skills

3. With top tier education and work experience

4. With the ability to collaborate and work in a team environment

5. Supremely hardworking and with an ability to multi-task

6. With positive outlook, humble and ambitious

i. Essential:

a) Between 2-5 years' experience; and

b) Top tier Master's or Postgraduate in Management from a reputed institution or a Chartered Accountant

c) Advanced level skills in financial modelling

d) Self-motivated and ability to learn quickly

e) A passionate individual with keen interest in the investing space including in the impact and SME investment space

f) Strong communication and presentation skills

g) Manage priorities in multi-project workload

ii. Desirable:

a) Ability to source industry and company specific information

b) Prior experience of working with SMEs

c) Understanding of different capital structures and instruments of equity investment

d) Prior buy-side or sell-side investment experience would be an added advantage

Neev Fund is an equal opportunity employer and strongly encourages women candidates to apply.