Nuveen is the investment management arm of TIAA with more than $1.1 trillion in assets under management. It is the 15th largest asset manager, serving more than 1,000 institutional clients in 40 countries with specialist knowledge across a wide array of asset classes, including Fixed Income, Equities and Alternatives. Nuveen has been an active impact investor for more than three decades, and over the last eight years has deployed over $1 billion in equity in relevant impact investments.
Nuveen’s private equity impact strategy focuses on two primary themes – Inclusive Growth and Resource Efficiency – that broadly target the twin global challenges of income inequality and climate change. The group aims to generate strong, risk-adjusted returns for its investors while concurrently achieving important social and environmental outcomes aligned with the United Nations Sustainable Development Goals, by investing in companies that drive efficiency, productivity, and scale in sustainable development for underserved people and the planet. Inclusive Growth investments support the low-income consumer and small and middle market businesses in sectors like financial services, healthcare and education globally with a focus on emerging markets, while Resource Efficiency investments enable disruptive businesses in sectors like energy efficiency, green building technology, recycling, waste-to-energy, and sustainable packaging. The group closed a $218 million fund for its first third-party private equity fund in February 2022.
Nuveen’s Global Private Equity Impact team currently consists of ten dedicated team members, who are responsible for making direct private equity investments as both a minority investor in later-stage growth equity financings, as well as selectively as a control investor in lower-middle market buyouts. The group’s investments are truly global in nature, with a portfolio currently comprised of companies in both emerging and developed markets. In addition to its primary focus on direct investments, the team also manages a targeted private equity fund investment program on behalf of TIAA.
The Associate role is designed for a self-motivated, ambitious and intellectually curious individual who is eager to learn and optimistic about the role that private equity can play in addressing some of society’s broader challenges. The Associate will primarily focus on the Global Private Equity Impact activities in India and Southeast Asia, although she/he will also be expected to support the team’s client and internal reporting, as well as occasionally on investment and portfolio management in other regions. The Associate will be involved in all aspects of the investment process, including financial modeling, transaction sourcing, due diligence and valuation, structuring, documentation and portfolio company management. The team currently possesses a strong, cohesive and supportive culture that uses a collaborative approach towards investing and adding value to portfolio companies. A successful candidate will not only fulfill the fundamental corporate finance requirements of the job, but also add value in terms of strategic thinking and thought leadership to support the generation of new investment ideas. This position will be based in our Singapore office and is typically a two-year assignment. Some Associates may return to the group after completing business school, and in certain instances, some may be given an opportunity for direct promotion.
More Specific Responsibilities Include
- Participate in and support the investment process from opportunity identification through due diligence and deal closing
- Lead and support initial screening of new investment opportunities
- Conduct detailed industry and competitive market analysis
- Build and maintain detailed company financial models, as part of initial investment underwriting as well as ongoing company monitoring
- Prepare investment presentations and present investment opportunities to the Investment Committee
- Conduct ESG and Impact diligence and analysis
- Support ongoing portfolio company management and follow-on financings
- Lead investment manager diligence and execution for selected fund investments
- Manage internal reporting processes for the impact team (quarterly company reporting, valuation, etc.)
The successful candidate will have an accomplished track record of at least 2-3 years in a private equity/venture capital or investment banking analyst role. Experience in management consulting or financial accounting audit work will also be considered. Additional qualifications include:
- Highly motivated, strong work ethic and leadership skills
- Ability to work on multiple projects simultaneously, working both independently and on teams
- Strong analytical and financial modeling skills
- Excellent oral and written communication skills
- Results driven, effective problem solver
- Collaborative team player, building partnerships with others to meet shared objectives
- Demonstrated interest in impact investing
- Knowledge of the language(s), culture and business environment of India, Indonesia and/or other markets in ASEAN a plus.
- Bachelor’s degree from top-tier university, with a strong GPA and academic background
Analytical Skills, Collaboration, Communication, Conflict Management, Continuous Improvement Mindset, Data Analysis, Detail Oriented, Executive Presence, Impact Investing, Investment Research/Analysis, Market/Industry Dynamics, Opportunity Strategy, Portfolio Management, Private Equity Investments, Quantitative Analysis, Research Synthesization, Stakeholder Engagement, Story Telling
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com
Benefits And Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.
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