Associate Job Opportunity – Secondary Fund

Firm Overview

Industry Ventures is a leading investment firm and pioneer in the secondary market focused exclusively on venture capital. Overall, the firm invests in both venture-backed companies and venture funds via secondary and primary transactions. Industry Ventures was founded in 2000 and manages eight secondary funds, four hybrid fund-of-funds, and one direct fund with over $3 billion of institutional capital.

Industry Ventures secondary funds are differentiated by a unique focus on venture capital investments in both limited partnership interests and direct investments, with an emphasis on transactions from $3 million to $20 million. Industry Ventures’ hybrid fund-of-funds (known as Partnership Holdings) focuses on small, early-stage venture capital funds, less than $250 million in size, as well as direct venture investments. The direct fund leads and participates in Series B through D rounds into leading companies, primarily backed by the managers we support. Overall, this three-sided platform provides the firm a unique and symbiotic approach to investing in the venture ecosystem.

 

Position Description 

Industry Ventures is seeking an intellectually curious Associate to join our growing secondary team and benefit from a cross-sectional position in the venture market. The Associate will assist in sourcing, analyzing, and executing investments throughout the entire deal process. Associates take on substantial responsibility and are a crucial component to the deal teams and investment decisions. Associates are also offered the unique experience and opportunity to also support the direct fund and hybrid fund-of-funds.
This position is for a two-year commitment. Top-performing Associates will be considered for an optional third year. The firm has an on-going mentorship program to assist early professionals in strategizing their career goals. Compensation is commensurate with experience and includes a base salary with annual performance-based bonus.

 

Responsibilities

  • Create financial analyses, waterfall models, and internal memos to assess and process potential investments
  • Drive the investment process by assisting the investment team in due diligence on companies and portfolios
  • Source opportunities via proactive outreach and attendance at networking events hosted by top-caliber funds
  • Analyze, monitor, and manage current portfolio holdings
  • Develop industry theses via sector maps and market trends
  • Attend annual meetings and industry events to build personal networks and enhance firm relationships
  • Assist in various operational activities

Requirements

  • Curious and open mind for technology trends, products and business models across multiple segments
  • Adaptive team player with an extraordinary collaborative working style
  • Passion for understanding venture capital and technology from an investment, legal, and operational perspective
  • Excellent interpersonal / communication skills
  • Excellent research and analytical skills including a proficiency in Microsoft Excel and PowerPoint
  • Proactive attitude with flexibility to take on special projects
  • Commitment to excellence, attention to detail, and strong work ethic
  • BA/BS from a leading undergraduate institution with an outstanding academic record
  • 2-3 years of experience in investment banking, management consulting, venture capital, or private equity

Additional Information

Location: San Francisco, CA
Start Date: Early Summer 2018
Work Type: Full-Time
Contact: Ira Simkhovitch
Email: Ira@industryventures.com

Recent News

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Industry Ventures Promotes Lindsay Sharma and Ira Simkhovitch to Principals on its Secondary Team

“Lindsay and Ira have shown great leadership and are integral members of our secondary team,” said Hans Swildens, CEO and founder of Industry Ventures. “Both have demonstrated a strong ability to work with sellers of direct share positions in leading private technology companies as well as limited partnership interests in performing venture capital partnerships. We are pleased to recognize their contributions to their team, our firm, and the overall market.”