Investment Director

Organization
Candide Group
Location
Oakland, CA
Job Type
Full-time
Deadline for Applications
07/15/2018
Contact Information
laurika@candidegroup.com
Tags
Full-time

Candide Group is developing a private debt portfolio on behalf of one our clients, with the overarching objective of addressing wealth inequality in the United States. The Investment Director will have the opportunity to lead development and implementation of this new portfolio, which will include loans to a variety of private debt providers such as CDFIs, non-profit loan funds, and other institutions that may work in the areas of small business development, worker cooperatives, low-income housing, etc.

Note that capital has already been committed towards this effort, such that the focus can be on the investments themselves. However, over time we do see the opportunity for significant growth, such that this position is both entrepreneurial and investment focused—and thus quite unique for an investment professional looking to contribute beyond executing individual transactions.

Duties/Responsibilities:

•       Improve upon our existing pipeline of private debt opportunities, prioritizing organizations serving low-income, diverse populations
•       Lead portfolio construction, planning out sizing and timing of investments
•       Evaluate opportunities from start to finish, producing well-researched diligence memos (roughly a memo every 1.5-2 months)
•       Expect a site visit per opportunity—some travel required
•       Manage reporting of fund progress, both to Candide Group partners and to the client—ideally improving upon our current systems
•       Contribute to thinking about how this particular portfolio can scale, and also support other client portfolios with their private debt allocation

The Ideal Candidate:
•       Has worked in a CDFI, community bank or private debt fund
•       Has evaluated and deployed capital into private debt strategies, in particular into funds or intermediaries
•       Ideally has structured direct debt deals and/or project finance facilities requiring creativity and financial savvy—or is excited to learn
•       Is comfortable and experienced working with diverse populations
•       Self-starter comfortable working independently, with high quality standards for work product

Location: Oakland, California preferred. Open to remote under certain circumstances.

Compensation: Competitive salary, commensurate with experience.