Company
SBI Ventures Limited (“SVL”), a wholly owned subsidiary of State Bank of India (SBI) currently manages an AUM of c. INR 33,000 Cr. across 6 funds. SVL is currently the Investment Manager for (i) Neev Fund (ii) Neev II (SME Fund) and (iii) SWAMIH Fund and Fund of Funds (SRI Fund, UKIDCF & TDCF). SVL is looking to onboard an associate to play a pivotal role in shaping SVL’s strategy going forward. The associate will also work closely with the SVL team across all initiatives of SVL. The associate will play a crucial role in scaling up SVL as it launches new funds and create SVL into a market leader in the PE/ VC industry.
Job Description - Strategy & Research
▪ Work closely with the top management team to set the vision and strategy for SVL
▪ Assist in executing the short-term and long-term strategy
▪ Conducting background research on thematic sectors including investors landscape mapping and reaching out to investors for fund raising of thematic funds
▪ Preparation, updation, review and finalization of fund documents related to thematic funds for SVL
▪ Support during due diligence evaluations in relation to thematic funds
▪ Scope the PE/ VC landscape, and identify potential collaboration opportunities for SVL
▪ Prepare regular sector research to keep apprised of updated trends and market news/information
▪ Co-ordinate with Stakeholders for technical inputs, clarifications & follow-ups to obtain timely clearance, approvals and resolve any matters as may be required
▪ Support in procurement/ appointment of external consultants/ advisors/ service providers for carrying out market study, legal and tax advisory and any other related work
Key requirements
• Between 4-6 years’ experience with at least 2 years in a strategy consulting role with a reputed organization
• Should have knowledge and understanding of the financial markets
• Proven interest in solving complex issues/ situations
• Ability to create strong relationships with stakeholders; preferred existing network of peers and industry
• Ability to work with minimum supervision, and provide high quality inputs to senior management

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.

Background
Neev Funds, across Neev-1 and Neev-2 is INR 1,500 crores fund with a mandate to invest in climate change sectors. The Funds have invested in diverse sectors such as renewable energy, agri logistics, dairy, healthcare, education, waste management, green hydrogen, pollution control, 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.
Based on the success of the Neev Funds 1 and 2, SVL is planning to launch the Neev 3 fund. The targeted corpus of the fund is expected to be INR 2,000 crores. The fund raise has seen strong progress with both domestic and global institutional investors expressing their keenness to participate. The team at SVL which is currently managing the Neev Funds has also expanded its mandate to other areas of business such as fund of funds (“FoF”) initiatives in the MSME space and managing & administering a fund platform for a global sovereign institutional investor. Job Description - Analyst:
i. Research
▪ Identifying and analysing sectors for investments
▪ Provide comprehensive research on industry, supply chain, competition, technological advancements, and regulatory environment for direct investments and similarly for FoF investment landscape
▪ Create and update research papers on investment theme of the Neev Fund and those of the FoF investments
▪ Prepare regular sector research to keep apprised of updated trends and market news/information across sectors of investment
ii. Investments and Transaction Execution
▪ Analyse investment opportunities for investment by the Neev Funds and FoF initiatives
▪ Creating financial model and conducting various financial analysis on investments
▪ Create sensitivity and valuation analysis using various valuation methodologies
▪ Supporting the investment team for the structuring and executing of transactions
▪ Assist and coordinate legal, tax, technical, integrity and financial due diligence for investments of the Fund, working closely with external advisers/ consultants
▪ Assist in the preparation of investment papers, presentations and other materials as required
▪ Assist in reviewing legal documents such as Termsheets, Shareholders Agreements, Share Subscription Agreements etc or other fund documents.
iii. Asset Management
▪ Analyse monthly, quarterly and annual performance of portfolio companies and portfolio funds and tracking them against the budgeted financial statements
▪ Tracking financial performance including but not limited to accounting, financial & governance parameters as agreed with the portfolio companies and portfolio investments of the FoFs
▪ Participate in asset management activities of the Neev Funds and FoF initiatives including analysis of MIS, assist and support senior team members in building organisational capability at the investee companies and various other initiatives taken up by the investment team
▪ Tracking and reporting of the transactions in the Fund’s area of investments
▪ Analyse M&A and fund raise opportunities (Equity, Debt, Structured Finance etc) at the portfolio companies across the Neev Funds.
▪ Support senior members in evaluating exit opportunities for the Fund from its portfolio companies
▪ Prepare and assist on monthly, quarterly, and annual reporting documents for internal and regulatory compliances
iv. Investment Manager/Institutional requirements
▪ Preparing any marketing material/presentations for the Investment Manager/Parent Institutions
▪ Cater to all reporting requirements of the Neev Funds, the FoF initiatives and other reporting requirements of the Investment Manager for all stakeholders involved Key Requirements Neev Funds team is a pro team and not a play of averages. Each team member, therefore, is expected to be a star in her/his own right. We are looking at onboarding only the top percentile of talent in the industry. We expect the team member to be:

1. Exceptionally sharp, intellectually curious, well read, and articulate
2. With higher order thinking and structuring skills
3. With top tier education and work experience
4. With the ability to collaborate and work in a team environment
5. Supremely hardworking and with an ability to multi-task
6. With positive outlook, humble and ambitious
   i. Essential
   ▪ Between 2-4 years’ experience; and
   ▪ Top tier Master’s or Postgraduate in Management from a reputed institution or a Chartered Accountant
   ▪ Advanced level skills in financial modelling
   ▪Self-motivated and ability to learn quickly
   ▪A passionate individual with keen interest in the investing space including in the impact and SME investment space
   ▪Strong communication and presentation skills
   ▪Manage priorities in multi-project workload
   ii. Desirable
   ▪ Ability to source industry and company specific information
   ▪ Prior experience of working with SMEs
   ▪ Understanding of different capital structures and instruments of equity investment
   ▪ Prior buy-side or sell-side investment experience would be an added advantage
   The position is to be based out of Mumbai and will require extensive travel to the portfolio companies, new investments as well as for new initiatives of the Funds or Investment Manager. Neev Fund is an equal opportunity employer and strongly encourages women candidates to apply.

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.