Investment Executive, Fund Solutions

at  CDC Group

ABOUT BII

British International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.
It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.
In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.
BII at a glance
75 years supporting sustainable business growth in developing and emerging markets
£8.1 billion in net assets
1,400+ businesses invested in
950,000 workers in the businesses we support
£9 billion in new investments planned in the next 5 years
600+ people in our diverse global team

TECHNICAL SKILLS

• Executive level with good basic understanding of fund documentation and terms and how they operate in theory and practice.
• Strong analytical skills, proficiency in financial analysis and use of Excel.
• An ability to analyse underlying investments and estimate their potential market value.
• Good presentational skills (written and verbal)
• Some market knowledge and experience of operating in Emerging Markets, and ideally in Africa and/or South Asia.

BEHAVIOURAL SKILLS

• Patience and tenacity – resolving issues can take significant periods of time to close and resolve due to number of players involved and their differing motivations.
• Aptitude, desire and motivation to learn and apply new skills.
• Ownership – comfortable taking on responsibility and working independently once given appropriate guidance and direction.

OTHER SKILLS

• Adept at networking, growing your own network and conversing with a variety of people, and in particular more senior people, from GPs, LPs etc.
• An interest and willingness in getting to grips with the detail – legal terms, tax, accounts.
• A willingness to be pro-active, and put forward ideas, suggestions and potential innovations.
• Very organised and process-driven.
• A good, collaborative cross-team worker.
  British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

TEAM AND ROLE OVERVIEW

• The Fund Solutions team sits within the Office of the Chief Investment Officer (OCIO) and was created in June 2023 following on from the OCIO-led review of BII’s funds’ strategy. The Funds Solutions team has a mandate covering the following:
• Manage all funds which are outside of BII’s funds strategy (as updated in HI 2023), referred to as BII’s Non-Continuing Portfolio (NCP). Currently this numbers 44 funds.
• Manage special situation-type issues within the NCP and provide support on similar issues to investment teams managing the Continuing Portfolio (CP), where such funds might ultimately transfer to Fund Solutions. This entails considering and managing options to change the GP, restructure the fund, preserve value and accelerate liquidity.
• Pursue secondary funds transactions in BII’s entire funds’ portfolio as a portfolio management tool, to crystallise returns and encourage mobilisation, as well as delivering liquidity for BII.
• Develop innovative approaches to managing BII’s tail-end funds at scale – for example via outsourcing, secondary sales or developing strategic partnerships.
• We are seeking to appoint an Investment Executive in the Funds Solutions team. Reporting to the Director and Head of Funds Solutions (“HFS” or “the Director”), the individual would support the team’s work across all aspects of its’ mandate, providing support to deal leads on secondary transactions, and on restructurings/fund interventions and co-ordinate effectively with funds team within the ITS, FSG and I&C investment groups as well as all the operational teams.
• BII’s Funds Solutions strategy focuses on:
• Managing risk to protect financial value and development impact.
• Facilitating delivery of returns, portfolio risk mitigation and mobilisation through. developing secondary sales across BII’s entire funds’ portfolio.
• Preserving and enhancing BIIs reputation and legacy.
• Supporting fund managers and our markets through difficult times.
• Being inquisitive and innovative to identify tailored solutions to complex portfolio issues particularly in respect of tail-end funds.
• BII’s Investment Teams have the following structure Associate, Executive, Manager, Director, Team Head.
• The candidate will be based in London, United Kingdom, and report to the HFS.

RESPONSIBILITIES

• The role comprises fund portfolio management (including distressed situations), secondary transactions and contributing to developing Fund Solutions’ broader strategy.