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Venture Associate, Private Investing, Biotechnology


Wellington Management

Remote/Flexible | Boston, MA

Posted November 9

Job Description


VENTURE ASSOCIATE – PRIVATE INVESTING, BIOTECHNOLOGY
#R84431

November 2021

THE COMPANY

Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest
independent investment management firms. With over US$1.4 trillion in assets under management as
of 30 September 2021, we serve as a trusted adviser to institutional clients and mutual fund
sponsors in over 60 countries. Our innovative investment solutions are built on the strength of
proprietary, independent research and span the global capital markets, including equity, fixed
income, multi-asset, and alternative strategies. As a private partnership whose sole business is
investment management, our long-term views and interests are aligned with those of our clients. We
are committed to attracting a talented and diverse workforce, and to fostering an open,
collaborative, and inclusive culture because we believe multiple perspectives lead to more informed
investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse
life experiences, fresh ideas, and specialized subject-matter expertise.

THE POSITION

As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit
a Venture Associate (“Associate”) to join our Biomedical Innovation Fund (BIF) team focused on
investing in private biotechnology companies. Wellington has managed dedicated public-equity
healthcare portfolios since 1984 and is the largest manager of such assets worldwide. In addition,
the firm has been investing in private markets since 2003 (in private biotech companies since
2011), and the Firm launched its first dedicated private capital fund in 2014. Today, the privates
team currently manages approximately $5 billion in assets across four later-stage, growth equity
funds and is the fastest growing investment group within Wellington.

The Associate will partner with senior members of the BIF team to source and diligence private
biotechnology investment opportunities. In order to optimize deal flow, the Associate will develop
broad relationships within the biomedical venture capital and crossover investor communities. The
Associate will source, track, and evaluate potential biotechnology investments, conduct in-depth
due diligence on both the scientific and business merits of select deals, and develop investment
recommendations. In addition, the Associate will curate the deal flow, from initial contact through
exit, and will assist with investment and strategic decision making.

ESSENTIAL SKILLS

The following essential skills are required for the role:
• Scientific and clinical data acumen–The ideal candidate will have superior analytical
capabilities for scientific and clinical data and an eagerness to apply their expertise in support
of BIF. The ability to synthesize disparate information, identify the most important elements, and
arrive at a conclusion is required. The Associate will be curious about private investing and
science and demonstrate a strong desire to identify differentiated investment opportunities through
a thorough due diligence process.

• Superior collaboration and influencing skills – The Associate will be a self-directed,
hard-working team player, who contributes to the investment efforts of the BIF Investing team. The
successful candidate will enjoy contributing to a highly collaborative investment environment and
will build strong trusting relationships internally with colleagues across the Private Investing and Investment Research teams as well as externally with potential portfolio companies and co-investors. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.

• Growth mindset – The flexibility and openness to continue learning, evolving, and growing as
an Associate is important. The Associate will have a global perspective and creative approach for
analyzing private biotechnology companies. Success in this role will open progression
opportunities within BIF and broader Wellington.

• Passion – The Associate will have a strong interest and passion for science, drug development
and the emerging technologies in the biotechnology industry.


RESPONSIBILITIES

Responsibilities for this position will include the following:
• Assisting with outbound market research and company mapping activities;
• Performing due diligence on prospective portfolio companies;
• Drafting investment memos and participating in investment committee discussions;
• Attending target company management meetings and relevant industry conferences;
• Assisting with quarterly and annual reporting needs for Limited Partners;
• Building and managing internal databases including investment pipelines and investment
partners; and
• Completing complex analytical projects under tight time constraints.


OTHER QUALIFICATIONS


Additional qualifications and other characteristics include:
• A minimum of 2-3 years of relevant experience in clinical medicine, biomedical research,
investment banking, consulting, equity research, business development, biotech start-up, and/or
venture capital investing;
• Superior academic credentials and track record: an MD or PhD in a biomedical discipline is
strongly preferred. An MBA is desirable.
• Ability to organize, manage, and prioritize time well;
• Market mapping and sizing;
• Ability to work independently and make decisions in the face of uncertainty;
• Demonstrated analytical, problem solving ability;
• Sound judgment, strong work ethic and highest personal and professional integrity;
• Interest and ability to build network in start-up ecosystem including entrepreneurs, adjacent
funds, accelerators, academic labs/founders and cutting-edge science and technology development,
etc.;
• A high degree of intellectual curiosity; and
• Strict attention to detail.



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