Private Equity Principal, Healthcare

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Posted
22 Jun 2022
Closes
22 Jul 2022
Ref
15536131
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
WELLINGTON MANAGEMENT

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.

As part of the continued expansion of our alternative capabilities, we seek to recruit a healthcare-focused Principal to join our diversified Hadley Harbor, late-stage growth, investment team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the team currently manages approximately $5 billion in assets across four later-stage, growth equity funds. In addition, we are currently raising a fourth Hadley Harbor fund, where we anticipate that over 20% of the assets will be allocated to healthcare services/medtech investments.

The ideal candidate will partner with senior members of the team to source and diligence private healthcare services and medtech investment opportunities. In order to optimize deal flow, the Principal will develop broad relationships within the healthcare venture capital and crossover investor communities. They will source, track, and evaluate potential investment opportunities, conduct in-depth due diligence of select deals, and develop investment recommendations. In addition, the Principal will curate the deal flow from initial contact through exit and will assist with investment and strategic decision making. We expect this individual to leverage their insight and experience during the investment process, while working closely with others across our investment platform, including our Industry Research team.

For the ideal candidate, we can be flexible with regards to location.

ESSENTIAL SKILLS

The following essential skills are required for the role:
  • Investment acumen and passion - The Principal will have a successful track record of sourcing and evaluating investments in venture and/or growth stage companies, along with a solid understanding of the innovation occurring within the healthcare industry. The Principal will also have functional expertise in some of the underlying subsectors within healthcare, including but not limited to life science tools, diagnostics, medical devices, healthcare IT and healthcare services. The ideal candidate will be passionate about healthcare and have a keen understanding of the innovation occurring across the sector. The Principal will also have experience with financial markets and employ a fundamental, research oriented, bottom-up approach to investing in private companies and the ability to implement those ideas through a highly analytical and detailed approach.
  • Strong financial modeling and analytical skills -- The ideal candidate will have superior financial modeling skills and analytical capabilities and demonstrate an eagerness to apply their expertise to arrive at investment recommendations. The Principal will have a "roll up your sleeves" attitude and demonstrate a readiness to identify, evaluate and analyze data in support of our investment decision making processes.
  • Superior collaboration skills - The successful candidate will enjoy being an individual contributor within a highly collaborative team and embrace the benefits of overlapping lines of idea generation. The Principal will build strong trusting relationships externally with company management teams, industry contacts, clients and prospects as well as internally with colleagues. The ability to take risk and challenge investment views is critical, as is the humility to admit mistakes and a desire to learn from others; the Principal must recognize the benefits of diverse perspectives. The ability to communicate (both verbally and in writing) action-oriented opinions clearly and with conviction and contribute to an open investment dialogue is important.
  • Growth mindset - The flexibility and openness to continue learning, evolving and growing as an investor is required. The successful candidate will have a global perspective and creative approach for thinking about innovation and the of evolution private investing in the healthcare industry.
OTHER QUALIFICATIONS

A successful candidate should have the following qualifications:
  • A minimum of 5 years of relevant experience in a private markets' investment role, including specific experience in venture/growth investing in healthcare companies.
  • Established industry relationships and network to source deal flow in relevant companies;
  • Demonstrated ability to work both independently and to collaborate with experienced, cross-functional deal teams;
  • Strong bottom-up fundamental approach to research;
  • Strong work ethic and attention to detail;
  • Strong interpersonal skills and experience in a collaborative, team-based, results-oriented environment;
  • Independence of thought, intellectual curiosity, and an entrepreneurial nature; and
  • Strong academic credentials.
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 GMCANINQ@wellington.com .

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