Background

NSIC Venture Capital Fund Ltd. (NVCFL), a wholly owned subsidiary of The National Small Industries Corporation, a Mini-Ratna Corporation of the Government of India under the MSME Ministry has setup a Fund of Funds (FoF) christened as Self Reliant India (SRI) Fund, as a Category II Alternate Investment Fund (AIF), for providing growth capital to the Micro, Small and Medium Enterprises (MSMEs). Subsequent to a competitive bid process,

SBI Ventures Limited (SVL) was selected as the Investment Manager to the SRI Fund. SRI Fund was registered with effect from September 1, 2021 as a Category II AIF with SEBI. SRI Fund has commenced operations in October 2021 and has already committed funds to multiple daughter funds.. In addition to the SRI Fund, SVL also manages the UK-India Development Cooperation Fund (UKIDCF) which is a fund of fund platform for the Government of UK. The SRI Fund and the UKIDCF are collectively known as “Funds Platform”. Other than the Funds Platform, SVL also team oversees two private equity funds Neev I and Neev II. In order to manage and administer the Fund Platform, SVL is looking to onboard an Analyst to assist the investment and fund administration team of the Funds Platform.
Required Profile

• 2 to 4 years of work experience, experience in an investment banking, corporate finance, consulting, funds administration/accounting or related role would be preferred - Should have knowledge and understanding of the financial markets, strong accounting, finance, analytical/strategic thinking capabilities and quantitative skills - Understanding of transaction cycle and the steps in the investment process would be preferable. - Excellent written and spoken interpersonal communication skills - Experience in working on private equity IT platforms will be an added advantage - Self-directed, proactive, highly motivated, and able to work independently - Well-rounded academic background, CA or MBA
  Job responsibilities: Assistance in managing all aspects of a fund of fund transaction from
  i. initial screening up to closure,
  ii. preparation of investment collaterals,
  iii. deal documentation including discussions with external advisors,
  iv. evaluation of investment terms, investment related discussions and negotiations,
  v. running the due diligence process, ensuring compliance with the investment objectives & policies of the fund, and
  vi. take on any other roles and responsibilities as specified by the CIO.
• Research and data analysis on various investment opportunities, sectors, regulations, etc.
• Assistance in drafting of reporting formats, investment policies and procedures for implementation and management of FoF.
• Supporting the team in coordinating with Investors, Government internal requirements etc including by making presentations, documents, etc • Assistance in fund administration and monitoring the progress of FoF including preparation/ evaluation of monitoring dashboards/ reporting by daughter funds and internal reporting of FoF. • Assistance in preparation and verification of drawdown workings, compliance with pre-disbursement conditions, and preparation of various MIS for all FoF, underlying funds and investee companies. • To assist in developing and enhancing relationships between the Stakeholders and SVL.
• Support team in compliance with applicable law including SEBI, RBI, Income tax, etc. in relation to all FoF. SBI Ventures Limited is an equal opportunity employer and seeks to increase diversity in its operations. Location: Marathon Futurex, Lower Parel, Mumbai.

Company/ Fund
Neev Funds, across Neev I and Neev II is an INR 1,500 Cr. fund with a mandate to invest in climate and environment sectors. The Funds have invested in diverse sectors such as renewable energy, agri-logistics, dairy, healthcare, education, waste management, green hydrogen, pollution control, sustainable agriculture, water & sanitation, etc. The Neev Funds have taken a leadership position in the ESG investments space and is now recognised as a thought leader in impact investing. The Neev Fund is managed by SBI Ventures Limited (“SVL”) which is a wholly owned subsidiary of State Bank of India. SVL has scaled from managing one fund with an AUM of c. INR 500 Cr. in 2018 to an AUM of c. INR 33,000 Cr. across 6 funds.
Opportunity
Title: Vice President
Reporting to: Principal
Location: Mumbai
Neev Fund is looking to onboard a Vice President (VP) to strengthen and lead the investments for the fund and shall work closely with the team across all initiatives of the Neev Fund team including any other initiatives of SVL as maybe required. The VP will play a crucial role in scaling up Neev Funds as we launch our successor funds and create SVL into a market leader in the PE/ VC industry.
As a key member of our senior team, we are confident that our VP will bring valuable insights and leadership to Neev Funds, further propelling our journey in climate change and impact investing.
Role of the VP
The VP will lead investments and manage portfolio companies towards growth path leading to successful exit outcomes. The selected candidate will be responsible for high quality deal-flow, due diligence, execution, portfolio management and exits. Candidate shall also contribute towards LP engagement and fund raising.
Job Description
Investments and Transaction Execution
•Source and analyse investment opportunities for investment
•Conducting thorough due diligence of the markets, company, promoters and management of potential investee companies
•Responsible for the structuring, negotiations and execution
•Preparation of investment memo, presentations and other materials as required
•Contribute to LP engagement including regular reporting and fundraising
•Manage pool of associates and analysts through behaviour modelling and mentoring to achieve Fund KPIs and to further develop team members
•Coordinate with portfolio companies to set, achieve, and report Impact and ESG targets
•Suggest improvements to our approach, process, products, and services
Key requirements
•Between 13-15 years’ experience with at least 7 years in growth capital/ PE investing with a preference for investment experience in climate & environment, infrastructure, clean-tech, impact/ SME investing
•Proven interest in solving complex issues/ situations
•Ability to create strong relationships with stakeholders; preferred existing network of peers and industry
•Strong investment track record; preference for experience through a full fund lifecycle
•Expertise in deal structuring, due diligence, and closing processes
•Proven ability to mentor and develop team members to their potential
•Preference for person with fundraising with institutional investors

Neev Fund is an equal opportunity employer and strongly encourages women candidates to apply.