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Salary
J.P. Morgan Asset Management is the world’s third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, liquid alternatives and hedge funds.
Role Summary
The Infrastructure Investments Group (“IIG” or the “Group”) is a dedicated team and business unit within JPMAM Global Alternatives focused on advising a perpetual-life strategy that offers investors a moderate-risk, long-term approach to private infrastructure equity investing that is diversified both in terms of geography and subsector. The strategy advised by IIG is one of the largest of its kind with c.US$35 billion in committed capital under management, representing approximately 10 times growth in assets under management over the past 10 years. The current portfolio includes 20 companies that in turn own c.970 underlying assets globally. The IIG team is comprised of 38 dedicated Investment Principals and 25 specialist team members including fundraising, investor relations, execution, tax, research and finance, based in London and New York.
The strategy focuses on active management through control positions (majority equity ownership) in private companies as the long-term owner of companies that provide essential services (water, heat and electricity), such as renewable energy; water, natural gas and electric utilities; and trains and airports, which are all vital to the economic health and productivity of the communities in which they operate. Geographically the strategy is focused primarily in the U.S., Canada, Western Europe, Australia, and secondarily in other OECD countries.
Job Responsibilities
The Investment Principal Associate will work closely with senior IIG team members to effect long-term strategies for the Group, including:
- Interacting with sellers, partners, investment bankers and advisors to source and review select acquisition opportunities, including leading deal and structuring teams
- Screening investment opportunities from a qualitative and quantitative perspective, including taking an active role in due diligence, managing third-party experts and advisors, and discussing preliminary findings
- Drafting and presenting investment memorandums for internal investment committees and board meetings and external client presentations
- Developing and executing business plans for portfolio companies pre- and post-acquisition
- Overseeing and managing relationships with shareholders, operating partners and co-investors
- Liaising directly with portfolio company management on all aspects of business development, including M&A and financings
- Participating actively in the budgeting and strategic planning processes at portfolio companies
- Attending board and committee meetings for portfolio companies
- Supporting all aspects of fundraising activities
- Monitoring and maximizing cash flow from investments
Required qualifications, capabilities and skills
- 2+years of relevant experience in private equity or infrastructure buy-side investing.
- Working proficiency in operating and valuation models, including discounted cash flow analyses
- Interest in infrastructure (e.g. transportation, renewable energy, water)
- Commitment to the highest standards of integrity and ethics
- Robust quantitative and analytical skills
- Strong written and verbal communication skills
- Desire to work in a collaborative and team-oriented environment
- Ability to independently manage time to deliver simultaneous projects to a high standard
Preferred qualifications, capabilities and skills
- Investment banking, project finance and/or related infrastructure operating company experience; strategic consulting with previous experience in infrastructure assets is considered as preferred experience
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
