Firm Overview

• Since inception in 1995, TCV has raised over $19 billion across eleven funds and invested over $14 billion in leading technology companies, including Altiris, Airbnb, Dollar Shave Club, ExactTarget, Expedia, Facebook, Fandango, GoDaddy, Genesys, HomeAway, IQMS, Merkle, Modsy, Netflix, Peloton, Redback Networks, Silver Peak, Sitecore, Splunk, Spotify, Webroot, and Zillow. TCV has had 65 IPO exits and 64 M&A exits

Position Overview

• Seeking 2 Associates in TCV's Technology & Software Investing Team - in New York-based roles

• Team invests in pre-IPO software-focused (Series C & beyond), sizeable investments

• Role is 70% Transaction Execution / PortCo Management, and 30% Sourcing / Idea Generation 

Qualifications

• Ideally ~2 years of technology / software investment banking, buyside, or related experience

• Genuine enthusiasm and curiosity for investing in technology & software companies

• Strong understanding of fundamental business analysis

• Demonstrate good investment instincts, raw analytical horsepower and strong finance, accounting and modeling skills

What Elevate Likes About this Role

• Marquee opportunity at one of top growth-equity & technology funds in the world

• High-growth technology companies, and sizeable pre-IPO investments

• Pure play growth equity role - with focus on both execution and sourcing

• Strong firm culture; Terrific team that we personally know well

• Extremely active investing environment with high deal flow 

• Lean teams & junior members play prominent roles

Process

• Process has kicked off with Elevate Recruit Team

Firm Overview

• Top 5 mega-fund with $200Bn+ overall AUM, in their Private Credit Team ($30bn)

Position Overview

• 2 Associate / Analyst level positions with the Private Credit Group (~$30bn AUM) at Mega-fund ($200bn AUM)

• Role focuses on opportunities in opportunistic private credit & direct lending

• Focused on all industries

• Based in New York City

Qualifications

• 2-3 years of relevant investment banking, leverage finance, buyside, or related experience (UG Class of 2018 or Class of 2019, plus/minus 1 year)

• Genuine enthusiasm and curiosity for investing

• Strong understanding of fundamental business analysis

• Strong academic record

• Demonstrate good investment instincts, raw analytical horsepower and strong finance, accounting and modeling skills

• Essential for new hire to be a motivated self-starter, with the ability to multi-task, prioritize and work both independently and within teams

What Elevate Likes About this Role

• Marquee opportunity at one of top mega-funds in the world, with stellar track record

• Extremely active & exciting investing space, with high deal flow

• Strong firm and team culture; Terrific team that we personally know well

• Lean teams & junior members play prominent roles

• Tremendous learning opportunity given current investing environment

• Diversity in industries & types of deals covered

• Ability to build a strong skillset in investing & fundamental business analytics

Process

• Process has kicked off with Elevate Recruit Team

Firm Overview

• San-Francisco-based private equity firm (Founding Partner with 12+ years experience at Bain Capital PE and ~20 years overall in PE), focused on investing in lower middle-market space, partnering with outstanding management teams and companies to build a concentrated portfolio of durable, market-leading companies. The firm operates with a business builder mindset to be value-added partners to management teams and serve the long-term growth objectives of our portfolio companies. We focus on differentiated businesses in healthcare, financial services. We are bring deep strategy and operating skillsets and an owner-operator mindset to grow the companies we invest in

Firm 

Leadership

• Firm Leadership has extensive prior private equity experience. Founding Partner spent 12 years at Bain Capital, one of the world’s leading private equity firms, and also as a partner in middle-market private equity (~20 years total in PE) - before founding this firm recently. He has an MBA from Stanford GSB and Bachelor's from Harvard. Senior Advisors at Firm include two seasoned private equity investors and an experienced Operating Director

Position Overview

• Recruiting for a Senior Associate / VP role to join team. The candidate will be responsible for due diligence, financial modeling and analyses, sourcing of new opportunities, executing transactions and working closely with the management teams of portfolio companies on post-investment value creation initiatives. Specifically, the role involves the following activities:

• Conduct deep fundamentals-based due diligence on an industry by analyzing market segmentation, growth drivers, competitive position, industry dynamics, financial trends and profit drivers

• Lead due diligence on specific target companies including reviewing, researching and analyzing financial statements, operating metrics (e.g. pricing, product line profitability, customer level analysis) and other information on target companies to evaluate their attractiveness

• Conduct extensive financial modeling including sensitivity analyses, with a focus on LBO models and integrated financial statement modeling. At progressively senior levels, the candidate will supervise other professionals on these responsibilities

• Identify investment themes and sub-sectors of interest, and conduct research and analysis to develop the investment opportunity, and identify attractive acquisition targets within those sub-sectors

• Connect with the owners, board of directors, CEOs and other senior management of the companies of interest through a variety of methods, including through direct outreach and working with investment bankers and intermediaries

• Work directly with the Founding Partner in managing the deal execution process, including working with lawyers, accountants, and consultants

• Work with the management team of the company to develop a strategic plan including a detailed set of value creation initiatives for the 5 year period post-investment

Qualifications

• Looking for an outstanding business athlete with a passion for building entrepreneurial businesses, ability to think critically about how businesses work, and the interpersonal presence to build relationships with senior executives:

• Professional experience from a reputable investing, investment banking or management consulting firm 

• Entrepreneurial passion around building businesses, both at PE Firm as well as at future portfolio companies

• Motivated self-starter with a strong work ethic, comfortable with managing multiple workstreams; goal-oriented and driven to produce results; appropriate sense of urgency

• Analytical thinker with high level of comfort with numbers, data and logic; organized, structured problem-solver; excellent attention to detail 

• High level of maturity, interpersonal skills and emotional intelligence to build relationships with senior executives, intermediaries and business owners

• Critical thinker with a passion for thinking through how businesses work (business models, strategy and competitive dynamics); and the ability to form independent, and often contrarian, viewpoints supported by data and analysis

• High proficiency in Microsoft Excel, Powerpoint and Word

What Elevate Likes About this Role

• PE Experience not required (but prior Investment Banking or Consulting is)

• Equal parts investor / M&A and operator / builder

• Big runway starting day 1

• Wide range of responsibilities, from sourcing to deal execution to portfolio management 

• Opportunity to work directly and learn from seasoned PE executives

• Ideal for: MBA students with prior I-Banking, Consulting or Investing Experience or Current professionals in Banking, Consulting or PE

• High growth investment areas: Healthcare, Financial Services, Tech

Things to Consider

• Recently founded firm

• Entrepreneurial / start-up mindset 

• More operational role, by nature of work and strategy

Process

• Recruiting Process is kicking off

• Interviews taking place on a rolling basis

• Ideal start date is Jan 2021 (with flexibility for current MBAs)

• Firm based in San Francisco, but remote / WFH due to COVID

• Competitive Comp Structure