Investment Associate

Heritage Holding; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Heritage Search Partners seeks an Investment Associate based in Boston or New York to source and originate new opportunities while managing current portfolio operations. The role focuses on engaging with entrepreneurs and co-investors and coordinating across MBA networks and ETA clubs.

The ideal candidate has 3+ years of full-time experience, a degree in any field, and strong communication skills to handle sourcing, diligence, and portfolio support throughout the fundraising cycle.

Qualifications

• MBA not required; candidates with other backgrounds will be considered.
• At least 3 years of full-time work experience.
• Some tie to the search fund/ ETA ecosystem.
• Strong communication skills; ability to engage with entrepreneurs daily.

Responsibilities

• Originating new investment opportunities from conferences, co-investor referrals, MBA program networks, general referrals, and inbound emails.
• Evaluating investment opportunities with industry/sector analysis, deal-specific due diligence, and team assessment.
• Managing a large pipeline of deals on our CRM.
• Maintaining strong relationships with existing entrepreneurs we've backed and those we evaluate.
• Maintaining relationships with key co-investors and ETA club leaders within top MBA programs.
• Communicating with existing searchers and entrepreneurs in our portfolio to support sourcing, deal diligence, and operations.
• Supporting fund-level marketing materials and quarterly investor updates.
• Attending ETA conferences across the U.S. and speaking at core MBA programs.

Skills

Quick Learner

Highly Driven

Engaging & Energetic

Strong communication

Job description

Heritage Search Partners - Investment Associate

Background: Heritage Search Partners (HSP) is an investment fund set up in 2023 to be Heritage Holding's ETA/Search Fund investment vehicle. Although managed by the same management company as Heritage Holding's buyout fund, it is a distinct strategy: to invest in best-in-class entrepreneurs and operators in their acquisition journeys.

HSP seeks to invest across the search fund and entrepreneurship-through-acquisition (ETA) landscape via a wide range of acquisition structures, geographies & industries. We are currently investing out of Fund 2 and are closing on Fund 3 by year-end.

So far we have made 75+ minority equity investments across traditional search funds, self-funded search/ independent sponsor deals, & committed capital vehicles/ long-term holding companies. We are currently investing out of a $40m fund raised specifically for this strategy. We have invested into ~10 different countries across North America, Central America, UK, Europe & India.

HSP is looking to hire an Investment Associate to join Alex de Pfyffer, Ross Porter, Josh Sans & Matthew Glass. This person will be based out of the firm’s Boston or New York office and will be focused on sourcing & originating new investment opportunities as well as managing current portfolio operations. We are looking for a highly driven individual who is ready to take on a large amount of responsibility in the near-term and who shares our passion for entrepreneurship and the search/ ETA ecosystem.

Roles & Responsibilities

• Originating new investment opportunities from conferences, co-investor referrals, MBA program networks, general referrals, & inbound emails, among others


• Evaluating investment opportunities, including analysis on industry/ sector, deal-specific due diligence, & team


• Managing a large pipeline of deals on our CRM


• Maintaining strong relationships with existing entrepreneurs we' ve backed & entrepreneurs we evaluate


• Maintaining relationships with key co-investors in the space as well as leaders of ETA clubs within top MBA programs


• Communication with existing searchers & entrepreneurs in our portfolio to support their process (e.g. assisting with sourcing, deal diligence, operations)


• Supporting fund-level marketing materials and quarterly investor updates


• Attending ETA conferences across the U.S. as well as speaking at core MBA programs throughout the semester

Desired Characteristics & Skills

• Quick Learner with entrepreneurial spirit


• Highly Driven


• Engaging and Energetic Personality


• Strong communication skills and an interest in engaging with entrepreneurs on a daily basis

Desired Qualifications

• At least 3 years of full-time work experience


• Some tie to the search fund/ ETA ecosystem


• MBA not required