Associate

Associate Position

Our investment associates play a central role in executing deals, managing portfolio companies, and supporting firmwide initiatives. Operating in a lean and highly collaborative team structure, associates work closely with partners, senior investment professionals, and portfolio company management teams. The environment is dynamic, analytical, and research-driven, with meaningful exposure to live transactions and strategic initiatives.

Key Responsibilities

The key responsibilities of the associate role include the following:

Assess and Execute New Investment Opportunities:

• Lead preliminary assessment of teasers and CIMs for fit against investment criteria.
• Drive financial modeling efforts, including LBO, capitalization, and sensitivity analysis.
• Conduct deep industry research and market mapping to inform investment theses.
• Evaluate opportunities through the lens of the Gainful Jobs Approach and impact alignment.
• Lead generation of investment memos and contribute to IC presentations.
• Coordinate due diligence workstreams and interface with third-party advisors.
• Support structuring discussions and formation of capital structures, including leverage metrics.
• Manage data room requests and coordinate with external co-investors/lenders.

Portfolio Company Monitoring and Support:

• Own monthly and quarterly performance tracking, including KPI analysis and reporting.
• Lead preparation of quarterly LP reporting sections related to portfolio companies.
• Review and update quarterly portfolio company valuations. Provide deal leads context and suggested valuations for each portfolio company covered.
• Conduct competitive/market updates relevant to each portfolio company.
• Develop and assess add-on acquisition strategies, including pipeline building.
• Monitor progress against Gainful Jobs metrics and support impact measurement.
• Attend and participate in operating review calls with management teams.
• Be the liaison and support Partners and Deal Leads in all portfolio company requirements.
• Support strategic projects such as budgeting improvements, pricing initiatives, and operational enhancements.

Other Responsibilities:

• Maintain CRM accuracy for sourcing, pipeline, and portfolio tracking.
• Participate in weekly team meetings and present on new opportunities.
• Mentor and oversee interns and analysts as needed.
• Stay informed on broader market conditions, including private credit and equity trends.
• Support business development initiatives and impact-related events.

Qualifications:

• 24 years of relevant experience in investment banking, private equity, private credit, or management consulting.
• Strong academic background with a Bachelor's Degree in Business, Finance, Economics, or related fields.
• Advanced financial modeling skills and mastery of Excel.
• Strong understanding of capital structure, leveraged finance, and transaction dynamics.
• Excellent writing and communication skills; proficient in Word and PowerPoint.
• Highly organized, detail-oriented, proactive, and capable of taking ownership of projects.
• Demonstrated interest in impact investing and mission-aligned value creation.
• Willingness to work full-time in person in San Diego, CA.
• Experience or knowledge in the healthcare sector is a plus.

HCAP Partners is an Equal Opportunity Employer and will not engage in unlawful discrimination on any basis prohibited by local, state or federal law. This policy applies to all aspects of employment, including recruitment, placement, promotion, transfer, demotion, compensation, benefits, social and recreational activities and termination.

For more information or to submit your resume, email View email address on click.appcast.io.