Next Coast Search (NC SF) is a division of Next Coast Ventures (NCV), a venture capital firm which invests in entrepreneurs who are building disruptive companies in big markets. Next Coast Ventures is the fastest growing venture capital firm in Texas with nearly a quarter billion dollars of assets under management. At NCV, we focus on supporting the best entrepreneurs in the world as they build their businesses. NC SF leverages the search fund model to access proprietary deal flow for small and medium sized businesses.
What This Role Does: The Senior Associate role plays a pivotal role in the diligence process of both CEO’s and target acquisition companies for the Next Coast Search portfolio. The Senior Associate will work closely with the Partner and General Partners of the Fund to source, evaluate, and make recommendations regarding potential investments for the fund, in addition to playing a role in portfolio construction.
Responsibilities of this role include:
Participate in the due diligence of potential portfolio company CEO’s and investment opportunities (including direct investments and secondaries). Diligence of CEO’s will include the scoring of candidates across a number of key criteria and ranking against his or her peers. At the portfolio company level, diligence will include market and company research, preparing financial models, performing valuation and IRR analyses, creating investment memoranda, and effectively communicating recommendations to the Investment Committee
Build and maintain relationships with top business schools and search fund/entrepreneurship through acquisition (ETA) professors and clubs to effectively source potential CEO candidates.
Build and maintain relationships with other search fund and small to mid-sized private equity professionals and other market participants
Coordinate with Next Coast’s Chief Operating Officer to manage the legal documentation and closing process for new investments
Help to manage and assist in the development of junior investment professionals
Assist in the monitoring of active searchers and portfolio company performance, in addition to preparing materials for internal quarterly reviews, external investor reports, and fundraising
Minimum Qualifications
Professional experience – 5+ years of related work experience in financial services, consulting, investment banking, private equity, or in a strategic M&A advisory role
Technical skills – Strong analytical, financial modeling, and valuation analysis skills, as demonstrated through prior experience forecasting balance sheets, cash flow statements, and income statements
Communication skills – strong verbal and written communication skills, with an ability to concisely and effectively deliver an investment recommendation or opinion
Time management skills – intellectually curious, able to independently manage workflows and prioritize projects, and complete tasks with limited oversight/supervision
Interpersonal and team dynamics – comfortable working with a team environment, open to constructive criticism and also willing to critique other team members work with the intent of getting to a well- formed investment opinion
Educational background – Bachelors degree, relevant training or investment experience. MBA preferred
The work location for this role is at the firm’s office in Austin, Texas. This role is not remote. You must be authorized to work in the United States.
Compensation will include cash compensation and carried interest
Application Process: If you are interested in this role, please apply directly via LinkedIn. Next Coast will review all submitted applications, and we request that individuals not inquire about their application status.
Individuals seeking employment at Next Coast are considered without regards to race, color, creed, religion, gender, gender identity, national origin, citizenship, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other protected classification. You may be given the opportunity to provide information in order to help us align with federal and state Equal Employment Opportunity/Affirmative Action record keeping, reporting, and other legal requirements
IF interested, please apply here.
