SBICAP Ventures - Investment Associate

Background:

SBICAP Ventures Ltd (- SVL- ), a wholly owned subsidiary of SBI Capital Markets Ltd., is a private equity asset management company. It currently acts as the investment manager to the Neev Fund. Neev Fund is a SEBI registered Category I Infrastructure AIF and had its initial close in April 2015 with a corpus of c. INR 470 crores. It seeks to make equity & equity like investments in infrastructure and related companies and assets.

Neev Fund has a mandate to invest in eight low income states/ developing states in India (viz. Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh and West Bengal) focused on infrastructure sub-sectors such as urban infrastructure (e.g. water and sanitation, waste management and social infrastructure sector such as healthcare, education, others having development impact, etc.), renewable energy (e.g. solar, wind, hydro, bio-mass energy, etc.), agricultural supply chain (e.g. warehouses, cold storages etc.), and state/ district roads.

Role & Responsibilities:

Contribute to and play a leading role in all aspects of the screening, detailed evaluation, investment, reporting, monitoring and divestment process of the Fund.

ANALYSIS AND TRANSACTION CLOSURE

- Prepare screening notes for potential investment opportunities

- Lead the qualitative and quantitative evaluation of potential transactions, resulting in finalized Investment Committee notes and detailed appraisal documents (appraisal note, financial model, etc.)

- Developing financial models

- Draft, negotiate and finalize comprehensive term sheet with potential investees

- Lead the process of due diligence from the fund team

- Lead the interaction with external consultants and advisers as required regarding analysis, structuring of transactions, finalization of agreements, etc.

- Support the deal team in all aspects of documentation and deal closure

POST-INVESTMENT MONITORING AND REPORTING

- Expected to play the role of fund's representative (along with the fund nominated director/ representative), and interact with promoters/ management of fund portfolio companies

- Monitor proactively the performance of portfolio companies

- Prepare and Finalize portfolio performance reports to fund investors, and address any specific requests for action or approval

DEAL SOURCING

- Source potential deals on an ongoing basis from a variety of sources within and outside the parent company's network

DIVESTMENT

- Pro-actively be on the look-out for optimal divestment options, and assist the senior fund team to plan and execute the divestment process

OTHERS

- Responsibility for various aspects of the Fund such as Pipeline, Competitive landscape, Market updates, Sector research etc

- Prepare/update/revise the Fund Model

- Support with research, write ups, presentations, meetings etc and other initiatives of the Fund/SVL including new fund initiatives as directed by the Director/CEO of the Fund.

Desired Skills & Experience

- MBA from top ranked management institutes or a Chartered Accountant

- Around 3-6 years of work experience

- Out of the above, 3-4 years- experience in a Private Equity fund /investment bank (preferably with Infrastructure sector experience) is a must

- Expertise in financial modelling and detailed appraisal documents

- Excellent oral and written communication and presentation skills - experienced in producing - client-ready- presentations, documents etc. coupled with sound negotiation skills.

- Self-starter, team-oriented, detail-oriented, and proven ability to perform in high-stress environment