Download Job Description - Private Equity

Investment Specialist (Private Equity)
JOB PURPOSE
Support the origination, development, due diligence, approval and implementation of commerciallyoriented private equity investment opportunities (both fund and direct co-investments originated by
investee funds) that support ADB’s development objectives for the private sector and overall goal of
reducing poverty. The ideal candidate will have a demonstrated track record of closing successful
transactions including private equity funds and/or direct equity investments in developing markets,
typically as a banker or developer.
ADB’s Investment Funds and Special Initiatives (PSIS) division makes private equity (PE) fund and direct
equity investments across a broad range of sectors in Asia. These sectors include (a) infrastructure, (b)
climate change related; (c) financial services; and (d) education and health. ADB’s PE business also
focuses on growth equity and buyout funds that cater to the developing and frontier markets in Asia.
Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.
EXPECTED OUTCOMES
Project Development and Processing
 Conduct industry and market research to learn of fund management teams in Asia that align
with ADB’s PE investment strategy and mandate for the private sector
 Cultivate and maintain relationships with those fund managers in order to position ADB for
investment
 Analyze potential fund investment opportunities, including evaluating the fund manager's track
record, investment strategy, value-add, and investment team
 Draft and present internal proposals for approval by ADB's Investment Committee and Board
 Negotiate, structure and complete fund documentation
 Support fund raising activities for the fund
 Serve on Advisory Boards of portfolio entities, as required
 Attend annual investor meetings for underlying funds
 Identify and execute co-investment transactions that support ADB's mission, strategies and
policies
 Work closely with the portfolio monitoring unit in implementing effective fund monitoring and
administration. Ensure compliance with investment strategy, covenants, environmental and
social safeguard requirements, and recommend corrective actions as necessary. Actively
monitor fund financial performance and actions, including divestitures
 Undertake the implementation and the hand-over of administration of private equity funds and
direct equity investments, ensuring compliance with required guidelines, policies and
procedures as well as agreed covenants and reporting requirements up to financing
effectiveness.
 Perform the role of a nominee director on the board of ADB’s investee companies representing
ADB’s interests in accordance with the principles of sound corporate governance, as assigned
External Liaison
 Facilitate or lead active relationships with commercial lenders and other financial partners in
the region and beyond as well as with developers, investors and governments.
 Assess and structure transactions to maximize the potential for commercial co-financing and
catalyzing of additional sources of capital.
Economic, Sector and Thematic Work
 Draft, review and provide comments on project, policy and other papers related to private
sector development and operations issues in various themes and sectors
Knowledge Sharing
 Participate in and contribute to relevant internal and external sessions, training and conferences
and other activities for advocacy, dissemination and knowledge building
 Maintain and share knowledge of international best market practices and global and regional
trends in the targeted sectors
Strategy and Planning
 Work with division team to help achieve ADB’s PE fund business goals and objectives
 Participate in country teams and missions for planning and programming purposes with
particular focus on private sector development and operations and for the identification of
investment opportunities in assigned Developing Member Countries of ADB
Staff Supervision
 Take the role of team leader and supervise the work of team members in executing deals
 Supervise the performance of reporting staff, providing clear direction and regular monitoring
and feedback on performance
 Ensure the on-going learning and development of reporting staff
EDUCATION REQUIREMENTS
Master's Degree in Finance, Business Administration or equivalent. University degree combined with
specialized experience in similar organization/s may be considered in lieu of a Master’s degree
RELEVANT EXPERIENCE
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At least 8 years of relevant professional experience in investment banking, private equity, or
management consulting. Direct investing experience with a private equity fund, fund of funds,
institutional investor, sovereign wealth fund, or similar entity, with a focus on equity and quasiequity investments preferred
Strong practical experience in structuring, negotiating and monitoring fund investments and
direct co-investment transactions, preferably in a fund of funds context
Strong understanding of and experienced in building financial models for valuations and
financial returns analysis
Highly motivated and strong work ethic
Proactive self-starter, with proven ability to initiate (including being resourceful in identifying
fund managers) and bring deals to completion
Sound business judgment, problem solving and commercial instincts
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Excellent organizational, multi-tasking and time management skills with demonstrated ability to
work efficiently and meet tight deadlines
Strong interpersonal skills and ability to work effectively with large, culturally diverse teams at
all levels
Excellent oral and written communication skills in English are required, including a
demonstrated ability to communicate ideas clearly and confidently with good presentation skills
in one-on-one settings or to larger groups (inside and outside of ADB)
CORE COMPETENCIES
Application of Technical Knowledge and Skills
 Regularly shares knowledge on new international best market practice and global and regional
trends in targeted sectors
 Proactively applies relevant international best market practices to own work
 Convinces others to adopt international best market practices by explaining the situational
relevance and benefits
Client Orientation
 Helps colleagues work effectively with clients in different contexts and from diverse
backgrounds and country situations
 Adapts own approach and style when interacting with clients, as opposed to requiring them to
adapt
 Draws upon international best market practice in exploring solutions with clients
 Confirms the clients’ understanding and agreement before progressing
Achieving Results and Problem Solving
 Draws on own and others’ multi-country experience to identify viable courses of action when
conducting analyses
 Helps internal and external clients achieve quality results beyond presenting problems and
precedent
 Highlights possible solutions for project issues based on relevant multi-country and/or multiclient experience
 Regularly contributes insights and experiences to colleagues in the Division to help them achieve
quality results
 Overcomes unexpected difficulties and challenges to produce desired outcomes
Working Together
 Maintains collaborative relationships within the Department
 Works effectively with diverse colleagues in own and other Divisions and Departments
 Flexibly alters positions and adjusts previously stated points of view to support the group
consensus
 Follows through on team priorities in the absence of a team leader
Communication and Knowledge Sharing
 Checks the audience’s level of understanding and awareness of required follow up actions
 Consistently seeks and addresses feedback on own performance
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Creates knowledge products endorsed for wider distribution based on lessons and multi-country
experience
Independently amends and clarifies messages and documents
Innovation and Change
 Actively supports work improvement and/or organizational change by work and deed
 Develops and adopts change plans to support Division initiatives on which one works
 Considers current and future client needs in proposing ideas
 Vocalizes early support for change
 Recommends inputs to new policies, systems and processes in immediate work area
REPORTING RELATIONSHIPS
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Supervisor: Director
The following staff positions may be supervised by the incumbent:
o Administrative Staff
o National Staff
We encourage diversity in our workplace and support an inclusive work environment. Women are
encouraged to apply.