Associate - Investment Team

Ardan Equity; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

Ardan Equity, a private equity firm focused on healthcare and life sciences software and data, is seeking an Associate to support deal execution, thesis development and portfolio tasks within the Investment Team.

The role involves financial modeling, due diligence, sector analysis and collaboration with mid-level and senior professionals. Strong healthcare tech experience and a proactive, organized work style are essential.

Qualifications

• Bachelor’s degree with quantitative rigor in business/finance/economics/engineering/math
• 1–4 years of experience in investment banking, management consulting, or private equity
• Experience in Healthcare IT or Pharma Tech or both
• Demonstrated interest in healthcare, technology and healthcare tech
• Strong analytical, writing and verbal communication skills

Responsibilities

• Perform due diligence and analysis on potential investments
• Create investment memos and materials supporting decisions
• Build financial models, valuations, forecasts and analyses
• Conduct sector and company-level analyses with primary and secondary research
• Support thesis development, sourcing and outreach activities
• Contribute to portfolio company growth initiatives across sales/marketing/tech/M&A/operations
• Monitor portfolio performance and reporting
• Leverage AI tools to enrich analyses and automate workflows
• Assist in interactions with management teams and intermediaries
• Maintain deal evaluation tools, pipeline and databases

Skills

Financial modeling

Analytical skills

Attention to detail

Communication skills

Project management

Education

Bachelor’s degree in business/finance/economics/engineering/math

Tools

AI tools & LLMs

Job description

Role: Private Equity Associate, Investment Team

Firm Overview:

Ardan Equity is a sector-specialized private equity firm focused on investing in healthcare and life sciences software & data companies (Healthcare IT and Pharma Tech). Founded in 2019, Ardan pursues growth-oriented buyouts of middle-market software, data and tech-enabled companies serving healthcare provider, payer, life sciences / pharma, pharmacy and employer end markets.

The Ardan team is comprised of investors, founders and operators that have founded and built many of the industry-defining platforms in our sector. Ardan partners with founders and management teams to grow and scale platform leaders, with a central thesis of enabling the multi-generational digital transformation of healthcare.

A fast-growing private equity manager with a rapidly expanding team, Ardan has completed nine platform transactions and more than 30 add-on acquisitions in the last seven years. Ardan is headquartered in South Florida, with additional locations in Boston, Chicago and New York.

Job Summary:

Ardan is seeking an Associate that will provide critical day-to-day support of the firm’s deal execution, thesis, sourcing and portfolio tasks. The Associate will support the Investment Team in finding, evaluating, growing and monitoring investments in healthcare and life sciences software and data companies. The Associate will be an integral member of the Investment Team, working daily with Ardan’s mid-level and senior investment professionals, and executive partners / senior advisors. The ideal candidate will have an outstanding work ethic, strong background and deal/project experience in healthcare IT / Pharma Tech, and experience in investment banking, management consulting or private equity. Candidates have a unique opportunity to join a rapidly-growing and fast-paced firm, and to gain differentiated investing experience in a dynamic and attractive sector, with potential for long-term upside and career growth.

Key Responsibilities:

• Perform in-depth due diligence and analysis on potential investments using deal materials
• Produce detailed investment memos and materials that support key investment decisions
• Build and maintain complex financial models, valuations, forecasts and bespoke analyses
• Conduct detailed sector and company-level analysis, including primary and secondary research
• Complete thesis development and investment sourcing efforts through sub-sector analysis, Company landscaping and profiling, outreach and industry events, CRM management, and more
• Undertake Ardan Growth Platform initiatives with portfolio companies, including day-to-day contribution to sales and marketing, technology, M&A, operations and other workstreams
• Perform continuous analysis and monitoring of portfolio company performance and reporting
• Dynamically utilize AI tools and applications to enrich analyses, create dynamic and repeatable outputs, automate firm processes/workflows and accelerate time-to-completion
• Prepare for and participate in interactions with external parties, including management teams, intermediaries and co-sponsors; provide support during management meetings
• Own, sustain and progress key firm resources and processes, including deal evaluation tools, investment pipeline, databases and other assets
• Occasionally support investor relations and fundraising, including communications and presentations
• Regularly engage and interface with mid-level and senior investment team members, as well as the firm’s Executive Partners and Senior Advisors

Qualifications & Required Skills:

• Bachelor’s degree from a leading college or university, with strong academic achievement and a major in business, finance, economics, engineering, math or related fields with quantitative rigor
• 1-4 years of experience in investment banking, management consulting, or private equity
• Work experience & deal/project experience in Healthcare IT, Pharma Tech, or both
• Demonstrated interest and passion for healthcare, technology and healthcare technology
• Outstanding analytical skills, problem-solving skills and attention to detail
• Exemplary business writing and verbal communication skills
• Proficiency in financial modeling, valuation methods, accounting and financial statement analysis
• Experience using AI tools and LLMs (e.g.; Claude, ChatGPT, NotebookLLM, etc.), to intelligently solve problems and drive workflow efficiency, is a significant plus
• Highly motivated self-starter with genuine desire to learn & take on a high degree of responsibility
• Ability to "run" with complex and sometimes ambiguous assignments, and thrive in an entrepreneurial atmosphere with limited supervision
• Strong organizational and time management skills, with ability to manage multiple workstreams and perform in a fast-paced deal environment