Hycroft is a specialty investment bank focused exclusively on the alternative investments market (including private equity, real estate, infrastructure and hedge funds). The firm provides solutions to complex problems faced by general partners and institutional investors worldwide. The firm serves a substantial and diverse client base worldwide, including private equity and venture capital firms, hedge funds, institutional investment managers, sovereign wealth funds, corporate and public pension plans, high net worth individuals and private wealth management groups. Hycroft has offices in both New York City and San Francisco, and is in the process of opening a London office.
Through the following services, Hycroft delivers strategies to increase value for its private markets clients. General Partner Advisory – addressing transitional issues requiring organizational, managerial, restructuring and market making expertise Limited Partner Advisory – developing strategy, quantitative and qualitative valuations, complex restructurings /workouts, portfolio position and asset disposition Capital Raising – raising equity/debt for funds, companies and structured vehicles Secondary Activities – providing market valuation and execution of buy- and sell-side transactions Primary Investments – investing Hycroft-managed capital directly into unique transactions for general partner and limited partner operations and restructurings.
Our professionals have advised large institutional limited partner clients on private markets portfolios of over $150 billion and completed capital-raising mandates totaling over $100 billion, as well as advised on secondary market transactions representing over $75 billion of interests. We are building a team of the highest caliber to address the growing needs of our target market with the vision of creating one of the most significant and respected firms in the alternative asset community.
Position and Responsibilities:
Hycroft seeks candidates at the Associate and Vice President levels to assist us in growing our business.
Typical responsibilities may include: Engagement Execution and Operations – Execution is required in analysis, valuation, marketing material development, scheduling road shows, and other similar activities. Associates and Vice Presidents are expected to lead or support crafting analytical tools, suggesting new analytical methods, and providing rigorous testing of investment theses through reasoned and articulate discussions of quantitative results. In addition to quantitative analysis, Associates and VPs are responsible for reviewing and commenting on limited partnership agreements and private placement memoranda, writing proposals, constructing pitch-books and other similar activities. Business Development and New Client Development – Associates and VPs will participate with senior staff in developing new client relationships, including new prospect development and attending meetings with Managing Directors. Firm Development – as a young, high growth firm, Associates and Vice Presidents may be asked to support MDs and Directors in developing our platform, including maintaining our customer relationship management (CRM) platform, networking with peers in the industry, and helping create new product/service areas.
Qualifications and Characteristics: Experience – We require a minimum of 3-5 years of experience in the financial services industry for Associates (minimum 5-10 years for Vice President candidates). Candidates will have worked within the private equity or other alternative asset classes, typically either within an institutional investment firm, within a general partner, at a top investment bank, at an investment advisor, for one of the top management consulting firms, or a combination these.
Education and Intellect – We seek the brightest individuals with a keen sense of intellectual curiosity regarding the dynamics of the alternative asset industry. A consistent track record of the highest academic achievement is expected, including at minimum a bachelors degree from a top university and preferably an MBA or equivalent from a leading business school. Multiple degrees in finance, business, investment management, accounting, engineering, the sciences and other similar areas may also be indicators of academic achievement. Top of class MBA candidates are encouraged to apply for Associate positions; alternative asset experience is not necessarily required in this case but a strong affinity for private equity, hedge, or real assets must be demonstrated through coursework/internships.
Entrepreneurial Mindset – Hycroft is a dynamic, growing organization that highly values a strong work ethic, tenacity and passion for execution, flexibility/comfort with ambiguity, and a long-term view with the drive to implement the vision sooner than expected. Successful candidates will be able to handle multiple projects working with different Managing Directors, have a strong deadline orientation, and have excellent time management skills. Hycroft values individuals with the drive, talent, and attitude to engage in the creative and relentless process of building a business.
Analytical Capabilities – Hycroft excels with the more challenging engagements in the private equity space, and our staff are expected to be able to perform comparably complex analysis, including performance, valuations, risk assessments, reviews of limited partnership agreements, and other highly technical topics. We understand that the level/type of analysis expected may not be formally found in coursework, and we thus train our staff where required such that they become experts in private equity and real asset analytical techniques.
Internal Collaboration – Hycroft is a growing firm with multiple locations, and our staff collaborates regularly. Candidates must develop internal relationships in a collegial spirit with staff around the world. We work together as a team on client engagements and strongly believe in knowledge and relationship sharing across our platforms. We are open in our discussions and value a solution orientation. Hycroft is an Equal Opportunity Employer and is committed to the principle of diversity in our hiring practices.