VC Vice President @ Citi Ventures in New York City, NY

Citi Ventures • New York City, NY • 1d ago

We are seeking a Vice President to join the Citi Impact Fund investment team and work across our four verticals. The $500 million Citi Impact Fund was first launched in 2020, born out of the belief that venture investing could play a meaningful role in advancing economic opportunity for underserved communities. We make direct equity investments in “double-bottom line” U.S.-based start-ups that are applying innovative solutions to help address some of society’s most pressing challenges.

Based in New York, the candidate will work alongside members of the investment team on investment execution, due diligence, portfolio management, sourcing strategy and partnership activities with the impact investing and startup community. In addition, this person will partner with subject matter experts within Citi to drive collaboration and find opportunities to advance the success of our portfolio companies and the field as a whole.

The Citi Impact Fund is focused on driving solutions in four key investment areas, including:

Climate resilience: Solutions for climate transition, mitigation and adaptation to protect our natural and built environments from the harmful effects of climate change, which disproportionately impact underserved communities

Financial resilience: Solutions that provide underserved communities with opportunities to create, manage and build financial resilience and wellness

Social infrastructure: Solutions that expand access to essential services including housing, healthcare and transportation for underserved communities

Future of work: Solutions that provide access to stable, quality jobs, offer modern, relevant education and training for workers and students and re-imagine how we balance work and life.

Key Responsibilities:

Investment Execution

Lead diligence and investment thesis building on prospective investment opportunities; prepare investment memorandums, build financial models, conduct market research and present to internal investment committee and manage approval processes

Work cross-functionally within the firm on both new investment and follow-on investment processes; maintain close relationships and build trust with business partners internally

Support sourcing, market landscaping and thesis building activities within the Fund’s focus areas

Develop strong relationships with key venture capital, impact investing, and start-up ecosystem players and represent the Fund at industry events

Portfolio Support and Management

Manage a portfolio of investments, monitoring company performance, tracking financial and impact results, and preparinginternal quarterly portfolio reviews and other analyses

Support follow-on investment opportunities, including diligence, approvals, execution and structuring

Support portfolio companies by attending founder meetings and enabling partnerships across Citi to help support portfolio company growth

Lead internal partner engagement on governance and operational items over the life cycle of an investment

Manage portfolio analysis and data projects for Citi risk and control functions and firm-wide reporting needs

Qualifications

2+ years of experience in private equity / venture capital investing; total of 5+ years of experience in relevant role (investment banking, strategy consulting, corporate finance, or direct business experience in one of the fund’s investment verticals)

Strong preference for direct investing experience in at least one of Citi Impact Fund’s key verticals; specific experience or interest in impact investing strongly preferred

Candidate must have strong finance and investment acumen including an ability to develop and manage complex financial models, conduct rigorous primary market and industry diligence, prepare valuation analysisand synthesize in written investment materials