Associate, Investment and Treasury Operations

Associate, Investment and Treasury Operations

About 17Capital

17Capital is a private credit manager, specializing in NAV finance for the private equity industry. It provides non-dilutive capital to high-quality private equity management companies, funds, and institutional investors as part of their toolkit for value creation and portfolio management. Founded in 2008, 17Capital has completed over 100 investments and 50 exits, deploying more than $13 billion since inception. 17Capital has raised $13 billion across six successive funds and mandates.

In 2022, Oaktree acquired a majority interest in 17Capital. This mutually beneficial partnership strengthens the two firm's standing as partners of choice in the private equity sponsor community. 17Capital operates as an independent business within the Oaktree family, with its own product offerings and investment, marketing, and support teams.

For more information, please go to www.17capital.com

17Capital's Values

Our values are the basis on which we build strong relationships with our clients, our investors and each other. They are the foundation of our business and integral to our continued ability to pioneer success.

Build trust - We behave and act in ways that earn trust
Embrace "different" - We embrace new ideas and constantly strive to discover new ways of doing things
Make things happen - We are agile and responsive in a way that delivers success for all our stakeholders
Strive for excellence - We act with professionalism and adhere to our high standards.

Overview of Department

The Fund Finance team currently comprises 13 team members who have responsibility across the preferred equity and credit funds. This is a rare opportunity to join an expanding and high-performing team supporting the ambitious growth plans of the business.

Position Summary

We are looking to add an Associate to the Investment Operations team. This is an exciting opportunity to help build out a newly created team at a leading private credit manager.

The focus of the role will be operational, to provide best-in-class execution, under the guidance of the Investment Operations VP. Alongside this, good data governance and data capture into 17Capital systems will be a core remit. The role will require the individual to be confident in liaising with stakeholders across the business and externally.

The role is highly analytical, requires a keen eye for detail, ability to interpret deal documents to understand commercial terms, and an enthusiasm for operationally developing the function whilst utilising technology to harness efficiencies. This role has a good balance of technical and commercial aspects.

The role will therefore suit a highly motivated individual who has strong communication skills allied with a process/data mindset and exceptional attention to detail.

Since investment closings can move quickly, the role is suitable for someone who is comfortable working in a fast-moving environment while adhering to process steps and ensuring the control environment is maintained. It is a hands-on role which offers the opportunity to drive improvements in portfolio operations at a leading and rapidly growing fund manager.

Roles & Responsibilities

Controls Environment

• Achieve a detailed understanding of the fund's partnership agreements, subscription line agreements, FX hedging contracts, deal documents and operational procedures.
• Follow all relevant procedures and ensure procedures are complied with across the organization.

• Attend new deal execution meetings with Investment Team.
• Filing of deal documentation related to the execution and set-up of new loans (agreements, investment committee papers).
• Ensure commercial terms of deals required for investment lifecycle management are captured on various systems during the deal onboarding process to enable effective lifecycle management.
• Completion of investment checklists to ensure compliance with investment restrictions.
• Set up of new investment entities in line with structures provided by Tax and Legal teams.
• Liaise with fund controllers and treasury to manage remittance/ receipt of funds for the facility close.
• Ensure structure charts for all deals are available/filed.
• Complete Investment Ops checklists to ensure all actions on the deal onboarding are completed in a timely manner.

• Develop and maintain relationships with investment counterparties - notably with their in-house finance and operations teams - to obtain funding/repayment notices and quarterly reporting.
• Manage investments through their lifecycle and capture data on fundings, syndications and repayments information from notices and log data in in-house system.
• Focus on Controls to ensure that all counterparties provide URs/Notices before draw and repayment requests are processed by Fund Administrator.
• Ensure that all draws and repayments are logged in cash flow system with UR/Notice back-up on a real-time basis.
• Work with counterparties to obtain Monitoring Data, Compliance Certificates and Reporting in a standardised fashion and to deadline. Perform portfolio monitoring on investments based on deal parameters.
• Liaising with deal counterparties to obtain data needed for US Tax reporting and logging in system.
• Use in-house models to prepare Interest Repayment calculations and agree amounts with Deal Team before reverting to Counterparty.
• Use in-house models to prepare quarterly Valuations of loan positions to deadline.
• Assist with preparation of Valuation Committee packs from Tech Platform to deadline.
• Liquidation of investment entity structures (Lux, UK and US).
• Assist in ad-hoc team projects to improve efficiency in team deliverables and team vision.

• Ensuring proper record keeping and tracking of subscription facility loans.
• Prepare and submit utilisation requests and compliance certificates to banks.
• Calculation of drawdown and repayment amounts on Fund leverage facilities (for levered sleeves).
• Liaising and assisting fund accountants in bank account opening process.
• Involvement in data projects working with software developers to implement cash and bank monitoring.
• Setting up standardised templates for bank account opening process.

• Degree in Maths, Physics or other highly numerical discipline.
• Interest in private markets asset classes and strong desire to work in the sector.
• Modelling/advanced user of MS Excel (Power Query, creating models from scratch).
• Interest in the use of technology-based solutions to reduce reliance on excel.
• Highly analytical with prowess for working with high volumes of numerical data.

• Power BI experience creating and maintaining dashboards.
• Experience using Loan Management or Portfolio Monitoring systems.
• Experience in an operational role within a private fund's manager or relevant experience.
• Module in finance, or CFA or similar preferred.

• Team player, with a willingness to learn and engage.
• Conscientious, hard working with excellent attention to detail.
• Adaptable to changing work demands.
• Able to manage time effectively and prioritise tasks.
• Excellent interpersonal and communication skills.

• Investment Team.
• Compliance Team.
• Fund Controllers and Accountants.
• Tax and Legal teams.

• Deal counterparties.
• Fund administrator.
• Banks and advisors.

• Career development.
• Opportunity to learn and grow whilst making a meaningful contribution to the expansion of the 17Capital platform during an exciting time of the firm's life cycle.
• Competitive reward and benefits.