National Investment and Infrastructure Fund

EXECUTIVE DIRECTOR DIRECT INVESTMENTS


Department Investments / Operating Team

Reporting To CEO

LocationMumbai / Delhi


JOB RESPONSIBILITIES

FUND STRATEGY

Determine the Investment Strategy of the Fund

Assist in fund raising by pitching the investment strategy and the investment approach to Limited Partners

Experience in all aspects of the fund raising process, including regulatory, fund structuring and documentation. Should have interacted extensively with Limited Partners, both while making presentations for raising funds as well as on an ongoing basis after the fund has been set up.Should be able to address first order questions pertaining to all investments

Able to ide ntify issues pertaining to the overall investment strategy, portfolio risk, HR risk, macroeconomic risks; and take appropriate steps to manage such risks

SOURCING

nvestment Thesis / Themes

Identify investment themes and, secure "buy-in" from internal stakeholders

Understand market dynamics, competitive strategies, and business operations, with the ability to formulate a comprehensive investment thesis and also proactively build a deal pipeline around that thesis

New deal development and analysis –validation of industry thesis, development of investment angles, competitive industry and market analysis leading to a recommendation

Building Relationships and Investment acumen

Contribute to the awareness of the firm through various public forums

Sniff deals, be ahead in deal flow

Be able to source, validate & understand investment risks through network relationships.

Associated with the entire life cycle of private equity investing including leading the origination efforts and holding experience of workingboth with promoter / family run and professionally managed businesses

INVESTMENT Deal Structuring

Proficiency in structuring deals to achieve returns / mitigate risks and close the deal

Overseeing business valuations and the analysis of investment opportunities and executing such analysis

Necessary understanding of taxation and accounting matters to evaluate various aspects of a deal

Assisting in negotiations of price and non-price terms on deals and coordinating due diligence

Due Diligence and Closure

Perform reference checks

Ensure risks identified by team / Investment Committee are adequately addressed at diligence stage

Ensure terms secured are with robust security and adequate legal protection

Step in to close the deal

Fund Performance

To ensure that the minimum defined IRR of the fund is achieved (short-term and long term)

To ensure that all Qualitative & Quantitative Objectives of the Fund are met at all times

To closely monitor the Individual performance of each portfolio investment and closely work with the operating team and operating leads to ensure value creation of the portfolio companies

POST INVESTMENT AND EXIT

Monitor adherence to commercial terms agreed; timely reporting to Investment Committee an accurate and unbiased view on performance of portfolio including future performance (surprises, shocks etc)

Represent the firm before management teams and make meaningful contributions to portfolio company Board of Directors meetings and other strategy meets.

Intensively involved with portfolio companies, not just at the Board and Committee level but also at a deeper level - in helping them with strategic issues such as managing growth, building teams, restructuring the business, evaluating expansion plans and managing relationships with key counterparties such as lenders, JV partners, service providers etc.

Lead the identification and definition of value creation initiatives across portfolio companies

Serve as a thought partner and leadership resource to portfolio companies by providing guidance in the execution of corporate strategy and value creation initiatives

Monitor the sector and the related investments for exit ideas.

TEAM BUILDING

Ability to join a small dedicated team of professionals taking it from inception through to a large corporation. Should be able to manage an investment team and work in the team culture of the organisation.

Recruits, mentors and develops strong team of investment professionals

Ensures team stays motivated, high employee satisfaction scores and low attrition levels

Continuously looks for ways to improve organizational and investment processes

KEY SKILLS

Key attributes of the successful candidates would be:

18+ years of overall experience; a minimum 10-12 years of India Private Equity buy-side experience is strongly preferred preferably with the Infrastructure Sector

Strong written and verbal communication skills, knowledge of finance and accounting is required; ability to interact with top management teams is a must

Understanding of business dynamics across key infrastructure sub sectors, characteristics of good investments, and good financial and analytical skills are expected

Outstanding academic background with undergraduate degree from IITs / equivalent qualification, along with post graduate degree in business / accounting from premier institutes

Understanding of key infrastructure sectors and associated issues with key understanding of equity investment in infrastructure projects

Ability to operate with limited supervision. Dedicated team player with a strong sense of ownership; eager to learn and work with others.

Impeccable integrity and committed to core values and ethical business conduct in all business practices.. An entrepreneurial, can-do and collaborative mindset. Understanding of cultural differences and possesses proven cross-cultural skills.

High impact & influence: Ability to influence the Board to take key decisions and interact credibly with the senior leadership and gain the confidence and trust at all levels of the organisation.