In 2009, the Bill & Melinda Gates Foundation established a strategic investment fund with the mandate to use equity, debt and guarantee investment tools to further the philanthropic goals of the organization. The fund has become a leader in the “impact investing” industry, successfully completing more than 50 investments across a variety of sectors and asset classes. The 10-person investment team is seeking a Principal-level individual to further grow the investment portfolio by leading deal origination, investment execution and board oversight activities for the fund’s venture capital activities.
Working closely with the Foundation’s program teams in Global Health and Global Development, the Principal will help source innovative investment opportunities that have the potential to significantly advance the Foundation’s goals. The Principal will then lead deal teams on the negotiation, execution and portfolio management of venture investments, including serving as the Foundation’s board representative or observer for certain investee companies.
Representative past investments from the fund, include:
Investments from the fund are structured as “program-related investments,” which is a defined term in the US Internal Revenue Code that governs charitable investments made by a private foundation.
It is expected that the Principal will focus on the following responsibilities:
-Source investment opportunities, develop rapport with internal and external stakeholders, coordinate due-diligence, construct and negotiate term sheets, attend to legal documentation, close and exit Program-Related Investments, with a particular focus on biotech venture capital stage opportunities.
-Source potential investments through active outreach and relationship-building to the entrepreneurial community, strategic partners and academia.
-Oversee deal teams in close collaboration with program officers and legal counsel.
-Prepare and present business case analysis and risk evaluation for investments, including proposals to the Foundation’s Investment Committee.
-Lead transaction negotiations.
-Manage portfolio investments through frequent interaction with company leadership (management, board, investors) and strategic partners; and represent the Foundation as an observer to the board, ensuring progress against programmatic and financial benchmarks.
-Ensure high-quality interactions and provide clear and consistent communications with internal and external partners.
-Proactively collaborate with internal colleagues to understand programmatic needs. Thoughtfully seek contacts with key external stakeholders within the biotech/pharmaceutical industries and venture community to find solutions to unmet programmatic needs.
-Selectively represent and speak on behalf of the Foundation at relevant events and conferences.
-Work independently to identify issues, formulate and design plans, and execute ideas for major global health impact
As part of our standard hiring process for new employees, employment with the Bill and Melinda Gates Foundation will be contingent upon successful completion of a background check.
Thank you for your interest in working at the Bill & Melinda Gates Foundation.
It is the policy of The Bill & Melinda Gates Foundation to provide equal employment opportunities to all qualified persons without regard to race, creed, religion, sex, sexual orientation, age, national origin, physical or mental disabilities, marital status, veteran status, or any other status or characteristic protected under federal, state, or local law. If an applicant has a disability and needs assistance in using this Web site, completing a profile, or applying for a position, please notify us at email@example.com and we will make appropriate arrangements. We are an equal opportunity employer.
From poverty to health, to education, the Bill and Melinda Gates foundation focuses on improving the lives of billions of people worldwide. There are four problem areas the organization focuses on; the Global Development Division, Global Health Division, United States Division, and Global Policy & Advocacy Division. In developing countries the foundation focuses on improving the health and welln...ess of people as well as helping children and families escape from extreme hunger and poverty. In the United States, the foundation focuses on low-income families and makes sure that everyone has opportunities to receive an education that will help them succeed. The foundation works with numerous organizations around the world to tackle critical problems and addresses challenging inequalities. The headquarters of this organization is based in Seattle, Washington, one of the most proactive global health and non-profit cities in the world.