Investment Associate
Real Assets Investment Team Devonshire Investors
Devonshire Investors is a private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry.
Devonshire invests in directly-held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries. Devonshire has over $20 billion in assets under management.
The Investment Associate will join the investment team of the Real Assets private investment platform, with a focus on the land resources space. This multi-billion dollar platform actively invests in the energy, telecommunications, aggregates, timber, and agriculture industries via direct real assets and equity positions. The team is expanding and seeking additional resources to support the investment and oversight of the growing portfolio.
We are hiring an associate who is an analytical and strategic thinker, as well as a motivated learner comfortable with high autonomy on a lean and collaborative investment team.
Responsibilities :
- Build financial models for prospective investments, run sensitivity analyses around multiple scenarios, and manage investment underwriting process
- Partner with investment team to source new investment opportunities and conduct due diligence for potential investments; manage and prioritize transaction pipeline
- Draft investment presentations and memos and participate in investment approval process
Portfolio Management :
Maintain internal financial model and projections for portfolio investments, analyze operating performance against expectations and provide updates to the investment teamDrive evaluation of prospective add-on acquisition targets and execute add-on transactionsCollaborate with colleagues internally in accounting, financial reporting, treasury, legal, risk, compliance, human resources, and marketing on various management / oversight activitiesPrepare presentations to update stakeholders on portfolio activity and key developmentsInvestment Strategy :
Monitor market developments, peer / competitor activity, and industry newsConduct industry research and analysis and present findings to investment team to inform natural resources platform strategySupport business development efforts to identify and cultivate relationships with leading operating companies, management teams, and investorsThe Experience and Skills You Bring :
2-4 years of experience in investment management, M&A, or strategic finance (real assets, private equity, investment banking, corporate development / strategy, etc.)Strong analytical and quantitative skills, with demonstrated ability to think strategicallyExceptional modeling capabilities and experience drafting formal presentations and memos (proficiency in Excel, PowerPoint, etc.)Resourceful, collaborative, confident, and comfortable with ambiguityExcellent oral and written communication skillsFamiliarity with agriculture, timber or other natural resources sectors is a plus; an interest in these sectors is requiredBA / BS degreeWillingness to travel 10-20% of time to attend board meetings, ad hoc management meetings, industry conferences, and other business development / sourcing opportunitiesCategory : Finance