Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About the Role
As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit a Deal Lead for our new Growth Lending Team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the Private Investing Team manages over $8 billion in assets across four growth equity/venture funds and private placement debt separately managed accounts. It is the fastest growing investment group within Wellington. Growth Lending will be our second strategy in private credit, and this new fund will focus on lending to growth stage private companies across the life science/healthcare and technology sectors.
The Deal Lead, Growth Lending will be responsible for building our investment pipeline, including thematic research-based outbound origination, as well as helping to develop our external network by building relationships directly with co-investors, industry experts and private issuers with their respective sectors. In addition to generating deal flow, the ideal candidate will conduct in-depth underwriting of select deals, develop investment recommendations, and manage portfolio positions and relationships. We expect this individual to leverage his or her insight and experience during the investment process, while working closely with others across our investment platform, including our Private Equity and Industry Research teams.
ESSENTIAL SKILLS
The following essential skills are required for the role:
- Investment acumen and passion – The Deal Lead will have a successful track record of lending to growth and/or venture stage private companies, along with a deep understanding of their respective sectors. The ideal candidate will be passionate about lending and will emphasize a fundamental/thematic, research-oriented, bottom-up approach to underwriting.
- Superior collaboration and influencing skills – The successful candidate will enjoy being an individual contributor within a highly collaborative team and embrace the benefits of overlapping lines of idea generation.
- Intellectual curiosity, capacity for differentiated thinking, and a growth mindset – The flexibility and openness to continue learning, evolving, and growing as an investor is important.
OTHER QUALIFICATIONS
Additional qualifications and individual characteristics are likely to include:
- A minimum of 8 years of relevant experience on the buy- or sell-side within private credit or credit research. An understanding of the US growth/venture lending market is preferred;
- Established industry relationships and network to originate deal flow in relevant issuers;
- Strong academic credentials: an undergraduate degree in finance, economics or accounting is preferred;
- Strong bottom-up fundamental approach to research;
- Track record of developing, negotiating, and monitoring bespoke covenants;
- Strong work ethic and attention to detail;
- Ability to organize, manage, and prioritize time well;
- Demonstrated ability to work independently and make decisions in the face of uncertainty;
- Independence of thought, an entrepreneurial nature, and a global perspective;
- Sound judgment, strong work ethic and highest personal and professional integrity; and
- Willingness to travel.
Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background.
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