Privates Associate, Hadley Harbor

Wellington Management Company, LLP
Boston, USA
08 May 2022
25 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.

Wellington has been investing in private markets for many years, and the Firm launched its first dedicated private capital fund in 2014. Today, the Private Equity Platform currently manages approximately $5 billion in committed capital across a broad range of private equity strategies including late-stage growth, multi-stage sustainability venture, early-stage venture, and hybrid financials and is one of the fastest growing investment groups within Wellington. We have built broad private market capabilities powered by the innovative spirit of a boutique and the resources and stability of a global investment manager. We aim to use our global scale, sector research, sustainability expertise and market reach to help partner with innovative, disruptive companies in the private market. Today, we invest globally and focus on consumer, technology, health care, biotechnology, financial services, and climate technology. Our industry networks, deep insights, and our private and public markets expertise make us strong partners for entrepreneurs.

As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit a Venture Associate for our diversified Hadley Harbor, late-stage growth, investment team. Hadley Harbor invests in private late-stage companies looking for strategic capital to move to the next phase of development. The investment strategy spans a broad set of sectors including consumer, technology, healthcare, and financial services. The Associate will be involved in all aspects of the deal process and will work directly with our senior investment team to assist in the sourcing, diligence, and management of portfolio companies and operation of the fund. The ideal candidate will be a self-directed, hard-working team player who is passionate about private investing. This is a great opportunity for someone looking to join an established team with diversified sector expertise and gain the foundations of late stage investing and establish a career in private equity with clear potential to progress within Hadley Harbor.

The following essential skills are required for the role:

• Analytical acumen, modeling, research, and passion -The ideal candidate will have superior financial modeling skills and analytical capabilities and an eagerness to apply their expertise in support of the team. The ability to synthesize disparate information, identify the most important elements, and arrive at a conclusion is required. The Associate will be curious about private investing and demonstrate a strong desire to identify differentiated investment opportunities through a thorough research and due diligence process.

• Superior collaboration and influencing skills - The Associate will be a self-directed, hard-working team player, who contributes to the investment efforts of the Hadley Harbor Investing team. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong trusting relationships internally with colleagues across the Private Investing and Investment Research teams as well as externally with potential portfolio companies and co-investors. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.

• Growth mindset - The flexibility and openness to continue learning, evolving, and growing as an Associate is important. The Associate will have a global perspective and creative approach for analyzing companies and industries. Success in this role will open progression opportunities within Hadley Harbor and broader Wellington.

• Excellent communication skills - both written and verbal communication. The ability to clearly communicate is critical when interacting with management teams, collaborating with internal and external partners, and drafting investment memos and other documents. It's also important to display strong communication skills when evaluating and articulating the investment merits of a deal.

• Passion - the Associate will have a strong interest and passion for private investing and emerging growth companies.

Responsibilities for this position will include the following:

• Assisting with outbound market research and company mapping activities
• Performing due diligence on prospective portfolio companies
• Building and maintaining company financial models and other analysis on current and prospective investments
• Drafting investment memos and participating in investment committee discussions
• Attending target company management meetings and relevant industry conferences
• Assist with quarterly and annual reporting needs for Limited Partners
• Build and manage internal databases including investment pipelines and co-investment partners
• Completing complex analytical projects under tight time constraints

Additional qualifications and individual characteristics include:

• Two to five years of prior experience preferably in investment banking, management consulting, private equity and/or venture capital; strong applicants with other relevant experience (e.g., investment management in public markets) will also be considered
• Strong academic credentials and track record: an undergraduate degree is required, MBA is optional
• Strong collaborative nature, including the ability to respectfully discuss and debate the merits and risks of potential investments with colleagues
• Ability to organize, manage, and prioritize time well
• Superior financial modeling skills - confidence to build dynamic financial models from scratch and identify the correct drivers
• Market mapping, competitive landscape analysis, and desktop research experiences in previous professional role
• Experience preparing for and conducting expert network, customer, and key opinion leader calls
• Ability to work independently and make decisions in the face of uncertainty
• Demonstrated analytical, problem-solving ability
• Sound judgment, strong work ethic and highest personal and professional integrity
• Interest and ability to build network in start-up ecosystem including entrepreneurs, adjacent funds, accelerators, key opinion leaders, etc.
• Ability to receive and act on constructive feedback
• A high degree of intellectual curiosity
• Strong attention to detail
• Highly proficient in Excel and PowerPoint

Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at .

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