They are an impact fund.

 

Strategy- Early-stage PE funds.

 

Earlier candidates were sector focused.

 

They are sector agnostic. They operate like a PE.

Try to have a strike rate of 100%.

 

They got folks from VC who were more into deal making.

 

They spend a lot of time with their portfolios.

 

Portfolio management is an important experience for them.

Financials, cash flows- need those.

 

11 people including him.

Hired a partner very recently.

2 analysts.

3 people in fund accounting and portfolio reporting.

1 in communication.

1 in legal.

 

Experience- 10 years maximum.

Relevant experience of 5-7 years.

 

Candidate should be an associate or a senior associate.

 

Does not want to hire an existing principal.

 

Path to partnership.

 

First fund is completely deployed.

 

Will raise the second fund- 75 million.

 

Carry will be a part of the compensation.

 

IB- Experience is very limited.

 

Initiator of the deals experience is important.

Portfolio management.

Post deal closure experience is also important.