Intern, Fund Management London, England
Job description
THE COMPANY
NextEnergy Capital (NEC) was founded in 2007 to become the leading investment and operating asset manager in the solar sector. Since our inception, we have been active in the development, construction and ownership of solar assets. We have AUM of c.US$3.2bn, across four investment vehicles, including three private equity funds and a single public vehicle listed on the London Stock Exchange:
1. NextPower III ESG: A private equity fund established in 2018 to invest in the international solar sector, specifically to fund the construction and long-term ownership of solar power plants. Its target markets comprise mainly of OECD and OECD Key Partner countries. The fund has raised c.US$896m and has c.335MWp of solar assets in operation and a further c.700MWp under construction/development.
2. NextPower UK ESG: Recently completed its second close, securing £487m in equity, which includes a commitment from the UK Government Infrastructure Bank for up to £250m on a match basis. NextPower UK ESG is focused on unsubsidised new-build solar plants in the UK, which, at hard cap, will produce enough clean energy to power the equivalent of nearly 500,000 households or offset nearly 200,000 carbon-emitting cars on the road each year.
3. NextPower V ESG: Our latest global solar strategy launching in January 2023, the follow-on strategy to NextPower III ESG. The fund is targeting a $1.5 billion fundraise for an OECD investment in solar PV plants. There is also an 'energy transition sleeve' that encompasses adjacent technologies, such as battery storage.
4. NextEnergy Solar Fund Limited: NextEnergy Solar Fund is a listed investment company that invests in operating solar power plants mainly in the UK. It currently owns c.865MWp spread among 91 operational assets in the UK and 8 in Italy (and 1 international private vehicle), comprising a gross asset value of c.£1.3bn.
THE ROLE
The NextEnergy Group is an FCA regulated Firm comprising three companies with different specialities:
1. NextEnergy Capital (Investment Management)
2. WiseEnergy (Asset Management)
3. Starlight (Development)
This role will work within the Investment Management division and is an excellent opportunity to acquire a broad depth of financial knowledge in solar and associated technologies across all aspects of Investment Management and Asset Management. You will gain extensive exposure within a fast-paced environment.
This is a great opportunity to join a lively, challenging and international organisation in the high-growth industry. The role offers the opportunity to grow your skill set between Fund Management, Investor Relations, Project Valuation, and Debt Markets and provide support to additional learning (such as Financial Modelling and CFA qualification). You will be given as much responsibility as you can handle. NextEnergy Capital is looking to grow its AUM rapidly in the next couple of years and will provide a fast-paced, fun and progressive place in which to grow.
MAIN RESPONSIBILITIES
You will manage many diverse tasks across all current and future funds, including:
- Liaise with M&A and Debt teams to maintain liquidity forecasting models;
- Helping deliver annual and interim reports and quarterly results presentations for all funds;
- Undertake competitor analysis, monitor solar sector market developments and decipher macro-economic/regulatory trends impacting the solar industry; and
- Complete other projects as required for Fund Management, Investor Relations, M&A and Debt teams.
ABOUT YOU
The ideal candidate will:
- Have some sound professional experience, ideally related to infrastructure, energy or finance within an investment bank, corporate, advisory or investment fund;
- Academic background in finance, economics or STEM;
- Exceptional academic credentials, with a degree qualification (completed or ongoing);
- Have excellent quantitative and qualitative analytical skills;
- Have well-developed verbal and written communication skills;
- Have the ability to work well under pressure with attention to detail;
- Have a high level of motivation and ability to work in a team;
- Have good proficiency with MS Office, particularly PowerPoint and Excel;
- Be fluent in English;
- Share our passion and mission of ‘generating a more sustainable future by leading the transition to clean energy; and
- Have the legal right to work in the UK for the length of this assignment.
WHAT WE OFFER
On becoming permanent, remuneration and benefits for the role will include:
- A market-competitive salary depending on experience, plus an attractive discretionary annual bonus;
- Private medical insurance for the employee and family;
- Pension;
- 30 days’ annual leave, plus public holidays;
- Rapid career progression opportunities; and
- The opportunity to be a part of a globally growing company and have a positive impact on the world.
