Investment Associate

Job Description:

Role

The Investment Associate will join the Natural Resources private equity platform team. This multi-billion dollar platform actively invests in the traditional and renewable energy, aggregates, timber, and agriculture industries via direct real assets investments and equity positions. The team is expanding and is seeking additional resources to support the investment and oversight of the growing portfolio.

We are hiring an associate who is an analytical and strategic thinker, as well as a motivated learner comfortable with high autonomy on a lean and collaborative investment team.

Expertise and Skills you Bring

• Build financial models for prospective investments, run sensitivity analyses around multiple scenarios, and manage investment underwriting process
• Partner with investment team to source new investment opportunities and conduct due diligence for potential investments; manage and prioritize transaction pipeline
• Draft investment presentations and memos and participate in investment approval process
• Maintain internal financial model and projections for portfolio investments, analyze operating performance against expectations and provide updates to the investment team
• Drive evaluation of prospective add-on acquisition targets and complete add-on transactions
• Collaborate with colleagues internally in accounting, financial reporting, treasury, legal, risk, compliance, human resources, and marketing on various management / oversight activities
• Prepare presentations to update stakeholders on portfolio activity and key developments
• Monitor market developments, peer/competitor activity, and industry news
• Conduct industry research and analysis and present findings to inform natural resources platform strategy
• Support business development efforts to identify and cultivate relationships with leading operating companies, management teams, and investors
• 2-4 years of experience in investment management, M&A, or strategic finance (private equity, investment banking, corporate development/strategy, etc.)
• Strong analytical and quantitative skills, with proven ability to think strategically
• Exceptional modeling capabilities and experience drafting formal presentations (proficiency in Excel, PowerPoint, etc.)
• Resourceful, collaborative, confident, and comfortable with ambiguity
• Excellent oral and written communication skills
• Familiarity with energy, timber, agriculture, aggregates, or other natural resources sectors is a plus; an interest in these sectors is required
• BA/BS degree; MBA in lieu of years of experience
• Desire to live and work in Boston
• Willingness to travel 10-20% of time to attend board meetings, ad hoc management meetings, industry conferences, and other business development/sourcing opportunities.

Team

Devonshire Investors is a private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry. Devonshire invests in directly-held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries. Devonshire has over $20 billion in assets under management.

Certifications:

Category:

Private Equity

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).