Associate — Partnership Fund for New York City

Interested candidates should apply through this link: https://partnershipfornyc.typeform.com/to/x92lX9Il
 

Invest in New York City’s future: join a small, hands-on team putting private capital to work
behind the entrepreneurs, technologists, and public-sector partners building a more inclusive
city.

The Partnership Fund for New York City is an impact fund that is dedicated to mobilizing private
sector resources and expertise to advance New York City’s standing as a global center of
economic opportunity, upward mobility, and innovation. The Fund invests in entrepreneurs and
innovators in the for-profit and nonprofit sectors who contribute to building a more vibrant and
inclusive New York City economy. A key focus of the Fund is the application of new technology
that serves the public interest.

Summary of Position The Partnership Fund offers Associates unique exposure to public sector
innovation, mission focused venture investments and public-private community development.
Associates are integrally involved in every aspect of the Fund’s work, from investment review
and portfolio monitoring to researching new initiatives of the Fund and expanding the Fund’s
network. Through their work at the Fund, Associates are exposed to a wide range of mission
aligned companies, projects and initiatives.

The Partnership Fund was founded in 1996 by Henry Kravis as the investment arm of the
Partnership for New York City. The Fund has invested over $200 million since inception. As an
“evergreen” fund, realized gains are continuously reinvested.

In addition to its investment activity, the Partnership Fund also operates innovation labs with
public-sector partners, including the Transit Tech Lab, the Environmental Tech Lab and the
Buildings Tech Lab, as well as the FinTech Innovation Lab in partnership with Accenture.

Responsibilities

Investment Review

• Evaluate business plans and provide feedback to senior management
• Assist senior management and a team of industry experts in conducting due diligence and
analyzing investments.
• Build and sensitize detailed financial models
• Prepare investment memoranda for approval from the Partnership Fund board
• Draft and execute deal documents with senior management and pro bono legal assistance

Portfolio Management

• Monitor financial and qualitative performance of portfolio companies and keep Partnership
Fund senior management informed
• Update financial models and reports of portfolio companies

Advance Fund Mission

• Contribute to building the organization
• Conduct outreach to build the Fund’s network and to source potential companies for direct
investments and the Fund’s innovation labs.
• Represent the Fund at conferences and events
• Conduct research in support of the Fund’s initiatives and innovation labs
• Perform organizational tasks to ensure success of the Fund

Qualifications

• At least two years’ work experience involving in-depth financial modeling and corporate
valuation (most commonly investment banking, but can be other roles with demonstrated
financial experience)
• Excellent financial modeling, analytical skills, and ability to understand business issues
• Exemplary written communication skills and interpersonal and verbal skills
• Interest and/or experience using AI tools related to making and monitoring investments
• Strong commitment to social impact and entrepreneurship and to the Fund’s double bottom
line mission

Salary and Benefits

We offer an excellent benefits package including medical, dental, 401(k), commuter benefits and
paid time off. The annual salary for this position is $95,000. This is a 2–3-year position on-site 4
days/week (dependent on in-office work requirements).

The Partnership for New York City is deeply committed to providing equal employment
opportunities to all individuals without regard to age, race, creed, color, national origin, sexual
orientation, gender identity, gender expression, transgender or intersex status, military status,
sex, disability, predisposing genetic characteristics, marital status, familial status, caregiver
status, domestic violence victim status and intern status or any other characteristic or status
protected by applicable law.