Current Hiring Practices and Trends in the Development Sector
- BY David Mackenzie
Acumen is looking for a Portfolio & Investment Head to join our India team in Mumbai. We’re looking for someone with 10 - 13 years of investment banking, venture capital, private equity, or other investing experience and a proven commitment to tackling global poverty. The right candidate is bold, creative, and can excel in a fast-paced, start up environment.
Acumen is changing the way the world tackles poverty by investing in companies, leaders and ideas. We invest patient capital in businesses whose products and services are enabling the poor to transform their lives. Founded by Jacqueline Novogratz in 2001, Acumen has invested more than $113 million in 108 companies across Africa, Latin America, South Asia and the United States. We are also developing a global community of emerging leaders with the knowledge, skills and determination to create a more inclusive world. In 2015, Acumen was named one of Fast Company’s Top 10 Most Innovative Not-for-Profit Companies.
About Acumen India:
Acumen’s commitment to India began in 2002 when we deployed capital to Aravind Eye Care Systems and then consequently set up our India office in 2006. In India, Acumen has now invested more than $30 million in 32 companies. These investments have impacted over 15M lives directly. Some of the companies we have invested in, such as Labournet, Ziqitza Healthcare, LifeSpring Hospitals, Orb Energy and Water Health International, have grown significantly and become a critical part of the landscape. They have become pioneers for several others to follow. Additionally, we have developed 96 fellows on the journey to moral leadership.
Acumen India 3.0 is the recently redefined strategy.to positively impact the lives of 30 million people living in poverty in India by 2023 by focusing on disruptive, market-based solutions in two problem areas: underemployment and farmer livelihood. It’s a big lift and we want you to be a part of it. The Acumen India investment team is responsible for finding, vetting, and managing investments, and helping scale chosen game-changing social enterprises in the focus areas.
About the Role – Investment & Portfolio Head:
The Head of Investment & Portfolio will evaluate new investment opportunities, conduct due diligence on high potential opportunities as they arise, and structure deal terms as well as manage our existing portfolio and actively drive and deliver exits from investments that have served their purpose. You will use your finance and investing skills to evaluate the growth and return potential of social enterprises from both a financial and social impact perspective. You are expected to bring in high quality Portfolio Management skills to support and guide the Portfolio companies. Specifically, you will focus on supporting portfolio companies with governance, strategic finance, and impact.
In addition, you will play a critical role shaping Acumen’s Portfolio strategy, management process, team and influence in India. This position is expected to be highly entrepreneurial and preferred candidates will be excited by and thrive in a start-up environment. The Head of Portfolio will report to India Country Director and lead a team of 2-3 Associates / Senior Associates.
Portfolio Management -
Desired Candidate Profile
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