Senior Associate, Venture Capital

Firm Description

Founded in 2001, Partners Capital is a Global Investment Office acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe. With $75B+ in assets under management, the firm constructs customized investment portfolios for its clients tapping into its deep network of partnerships with what we consider exceptional asset managers across all major asset classes. Clients include Syracuse University, Sesame Workshop, INSEAD Business School, New York’s Metropolitan Opera, San Francisco Symphony, Eton College, Colorado College, several Oxford and Cambridge University Colleges, several family offices around the world, and senior executives from leading global investment firms. The firm employs more than 400 people across its eight offices located in Boston, New York, London, San Francisco, Paris, Singapore, Hong Kong and Dallas.

Partners’ Capital is diverse and inclusive, in people and in thought. Our meritocracy is enabled by fostering a truly inclusive and collaborative culture. We are proud to be an equal opportunity employer where diverse perspectives, backgrounds and experiences are valued.

Position Description

The Investment Senior Associate located in San Francisco will be a key contributor to our 25-person Private Equity and Real Estate team. As a sophisticated global investment firm with nearly 25 years of private markets experience, we seek new team members who are dynamic and comfortable working in a fast-paced entrepreneurial environment.

The Partners Capital Research team is the engine for identifying and underwriting attractive investment opportunities for inclusion in client portfolios, as well as the deployment of our discretionary investment vehicles. Within our broader Research team, the Private Equity and Real Estate team manages the Firm’s investment program and external manager relationships across buyouts, growth equity, venture capital, and real estate and infrastructure. The primary goal of the Private Equity and Real Estate research team is to deliver high absolute returns over the long term by partnering with top-tier managers. The team also supports the growth of the business through innovation, creativity and continuous improvement of our investment program in the face of a competitive and rapidly changing market environment.

This role will primarily be focused on investment diligence (70% allocation), with additional responsibilities (30% allocation) across portfolio management and process management:

Investment Diligence (70% Allocation)

• Fund Diligence: This role will primarily focus on underwriting venture capital primary fund investments, with additional exposure to venture capital co-investments as well as private equity and real estate primary fund investments. Diligence activities include manager meetings, quantitative performance analysis, qualitative assessments of team, investment process and research quality, and external referencing. The diligence process culminates in a written investment presentation for team discussion and Investment Committee review, with the Senior Associate playing a lead role in drafting and driving its development.


• Asset Class Research: Support research on investment opportunities, industry trends, and market dynamics across the venture capital asset class. Contribute to investment theme ideation and creation of firm intellectual property.

Portfolio Monitoring & Process Management (30% Allocation)

• Portfolio Monitoring: Monitor approved investments through quarterly reporting reviews, semi-annual manager meetings, and tracking new investments, exits, and manager updates. Attend Annual Meetings for managers within coverage responsibilities.


• Process Management: Coordinate with internal and external stakeholders to support legal and operational diligence alongside investment diligence and oversee fund closing processes for approved opportunities. Additional responsibilities include preparing materials for our monthly Asset Class Team-Client CIO meeting, investment database support, and marketing support.

Other

• In addition to the above, this role will, for variety, include other activities and projects, such as researching and improving our portfolio construction knowledge and approach, assisting with business development, or helping to develop our technological capabilities. Key responsibilities may be assessed and are subject to change from time to time based on the needs of the business.

Qualifications / Attributes

• Undergraduate degree with a strong track record of academic achievement.


• 4-7 years of prior work experience in a professional services role (e.g., private equity or venture capital LP investing, venture capital or growth equity direct investing, investment banking, management consulting, or corporate strategy).


• Demonstrated interest in technology, investing, and the venture capital industry.


• Aptitude for rigorous qualitative and quantitative analysis delivered via an answer-first communication style.


• Excellent problem-solving and interpersonal skills.


• Strong work ethic, good attention to detail, and ability to multi-task.


• Team player attitude with a desire to work on a wide range of projects.


• High intellectual curiosity and willingness to contribute to the overall success of the business.


• Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook).

Benefits and Compensation

Partners Capital is committed to being a great place to work. We are focused both on wellbeing and professional growth. You can expect professional development and career progression opportunities, competitive compensation, exceptional benefits, and a flexible “results-focused” working model. Our benefits package includes medical, dental, and vision insurance, short and long-term disability insurance, life insurance, flexible spending accounts, commuter benefits, paid time off and a 401(k) plan with employer matching. The Firm also supports global philanthropy via a charity program and volunteer day. In addition, we champion a variety of wellness and social events. We also support the pursuit of professional certifications such as the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), etc.

California requires Partners Capital to include a reasonable estimate of the base salary range for this role. This base salary range is specific to individuals applying to work in our California office and takes into account a number of factors. A reasonable estimate of the base salary range for this role in California is $130,000 - $175,000. The base salary offered will be determined on factors such as experience, skills, training, certifications, and education. Decisions will be determined on a case-by-case basis.

The base salary is one element of our competitive compensation package. In addition to the base salary, this position may be eligible for performance-based incentives.

For all California residents, please click here to view the Partners Capital California Applicant Privacy Notice