Position Summary The Associate – Investments will participate in all aspects of RCP’s investment process, with a focus on underwriting primary, secondary and co-investment opportunities in the Lower Middle Market Buyout space.
Duties and responsibilities
Evaluate primary investment opportunities for RCP’s fund of funds product and serve as an integral member of the deal team that assesses and underwrites potential commitments. This includes top down market research, screening and review of data room materials, meeting with fund managers and quantitative and qualitative due diligence on partnerships and companies
Underwrite secondary investment opportunities, including top down and bottoms up LBO valuation models for baskets of operating companies
Diligence and execute co-investment transactions, which will entail all aspects of directly investing into the cap table of on operating company, including meeting management teams, assessing industry attractiveness and creating detailed LBO valuation models
Prepare investment memos and co-lead RCP investment committee discussions on primary, secondary and co-investment opportunities
Train and mentor pool of analysts on investment team
Bachelor's degree required – this is a Pre-MBA position
2 - 3 years of work experience in an industry with private equity exposure (investment banking, credit underwriting, management consulting, investment management)
Advanced modeling and Microsoft Office skills (Excel, PowerPoint, Word)
Ability to prioritize and manage his/her workload such that deadlines are consistently met
High degree of comfort in a dynamic and fast paced work environment
Possess strong attention to detail and the ability to effectively prioritize multiple tasks
Analytical, quick thinker with unconventional problem-solving capabilities
Excellent time management, project planning, and organizational skills
Outstanding communication skills, both written and verbal, with demonstrated ability to develop materials and effectively present to and persuade executive audiences
Dynamic relationship building and partnership skills; a strong teammate with experience leading initiatives across multiple departments
Must have the ability to interact with a variety of individuals (employees at all levels, clients, vendors), along with the ability to work independently are required
About RCP Advisors
Founded in 2001, RCP Advisors, a federally registered investment adviser, is a private equity investment firm that provides access to North American lower middle market private equity fund managers primarily through funds-of-funds, secondary funds, co-investment funds, as well as private credit solutions through its affiliate, Five Points Credit. Additionally, RCP Advisors provides advisory and research services. RCP Advisors is headquartered in Chicago, Illinois with additional operations in Newport Beach, California; Dallas, Texas; and Winston-Salem, North Carolina.
RCP generally works with buyout fund managers with funds of between $250 million and $1 billion in committed capital. These fund managers then seek to invest in lower middle sized companies - typically, with $10 million to $250 million in enterprise value.
RCP’s market knowledge, investment process, and deep and long-standing relationships within the private equity community are integral to accessing and selecting what RCP believes to be the most successful fund managers. With $9.4+ billion in committed capital and 54 full-time professionals as of December 7, 2020, RCP believes that it is one of the largest, m...ost experienced and respected fund sponsors focused on the lower middle market segment of the North American private equity market.
RCP's partners have made substantial personal investments in both the Firm and its investment funds. While private equity investment management is RCP’s primary line of business, the Firm also provides investment advice to a limited number of non-discretionary advisory clients and Separate Accounts (which may be discretionary or non-discretionary). In addition, RCP offers certain-qualified clients access to the Firm's subscription-based private fund manager research platform. The research platform is intended for informational purposes only and does not constitute investment advice or an offer to invest or provide investment management services.