The Partnership Fund for New York City is a social impact fund that is focused on: (i) Expanding opportunities for New York City residents by investing in projects that create jobs and support entrepreneurship in disadvantaged neighborhoods and (ii) Advancing technology in the public interest of New York City by identifying and supporting technology that addresses societal challenges, including resiliency across all five boroughs; financial and social mobility well-being and improved access to jobs and training for disadvantaged populations; health of small neighborhood businesses; and ensuring local government has access to the best digital tools as it delivers essential public-sector services.

The Partnership Fund makes direct investments in mission-aligned for-profit and not-for-profit entities. It also operates innovation labs with public-sector partners, including the Transit Tech Lab and the Environmental Tech Lab, as well as the FinTech Innovation Lab in partnership with Accenture. The Partnership Fund was started in 1996 by Henry Kravis under the auspices of the Partnership for New York City, Inc. a nonprofit business organization whose members employ more than 1 million New Yorkers. Private-sector investors provided the funding to catalyze an evergreen fund that continually invests returns. The Fund has invested over $190 million since inception.

Summary of Position

The Partnership Fund offers Associates unique exposure to public sector innovation, mission focused venture investments and public-private community development. Associates are integrally involved in every aspect of the Fund’s work, from investment review and portfolio monitoring to researching new sector initiatives of the Fund and expanding the Fund’s network. Through their work at the Fund, Associates are exposed to a wide range of mission aligned companies, projects and initiatives.

Interested candidates should apply through this link.

Responsibilities

Investment Review

Evaluate business plans and provide feedback to senior management
Assist senior management and a team of industry experts in conducting due diligence and analyzing investments. Build and sensitize detailed financial models
Prepare investment memoranda for approval from the Partnership Fund board
Draft and execute deal documents with senior management and pro bono legal assistance

Portfolio Management

Monitor financial and qualitative performance of portfolio companies and keep Partnership Fund senior management informed
Update financial models and reports of portfolio companies

Advance Fund Mission

Contribute to building the organization. Help build, maintain and maximize the Fund network
Conduct research in support of the Fund’s initiatives and innovation labs.
Perform organizational tasks to ensure success of the Fund

Qualifications

At least two years’ work experience involving in-depth financial modeling and corporate valuation (most commonly investment banking, but can be other roles with demonstrated financial experience)
Excellent financial modeling, analytical skills, and ability to understand business issues
Exemplary written communication skills and interpersonal and verbal skills
Strong commitment to social impact and entrepreneurship and to the Fund’s double bottom line mission

Salary and Benefits

We offer an excellent benefits package including medical, dental, 401(k), commuter benefits and paid time off. The annual salary for this position is $85,000. This is a 2-year position on-site.

The Partnership for New York City is deeply committed to providing equal employment opportunities to all individuals without regard to age, race, creed, color, national origin, sexual orientation, gender identity, gender expression, transgender or intersex status, military status, sex, disability, predisposing genetic characteristics, marital status, familial status, caregiver status, domestic violence victim status and intern status or any other characteristic or status protected by applicable law.

Partnership Fund for New York City, NY jobs

VC Associate @ Partnership Fund for New York City in New York City, NY