South Africa

Principal: Private Equity

Company KZN Growth Fund
Reference # PPE032020
Published 10/03/2020
Contract Type Permanent
Salary Market Related
Location Durban, KwaZulu-Natal, South Africa
KZN Growth Fund is a private equity and private debt Fund based in Durban reporting to the KwaZulu Natal Department of Economic Development, Tourism and Environmental Affairs (EDTEA). The Fund seeks to appoint an experienced and suitably qualified Principal: Private Equity.

The ideal candidate will be responsible for the origination, execution, closing and realization of mid-market equity investments to achieve KZN Growth Fund’ developmental targets and investment returns. In addition, he/she must be able to assist management in formulating, planning, developing and implementing the Fund’s investment strategy
Job Functions Investments
Industries Financial Services
The ideal individual will be responsible for:
•Provide strategic direction to the Equity Investment function.
•Managing Human Resources within own portfolio
•Deal origination and ensuring proper marketing of the Equity Fund
•Deal screening and appraisal of potential investments
•Preparation and presentation of investment reports to the various decision making committees of the Fund
•Taking responsibility for finalisation of transaction agreements and disbursements to investee companies in line with approved Annual Performance Plans
•Maintain good working relationships with external investors and private equity community
•Liaise with Senior Management in investee companies as well as various Technical partners to the Equity Fund e.g. Fund Administrators, Key Person, Consultants etc.
•Assume fiduciary duty of key individual (accountable for the activities and actions of both the business and the Representatives);
•Provide technical guidance in valuation of investments
•Provide turnaround plans and disinvestment options where applicable.
•Accountable for monthly, quarterly and annual compliance reporting;
•Manage and provide oversight over statutory obligations of the Financial Services Provider and
•Assist the CEO, CIO in fund raising activities.
The following minimum requirements must be met in order to be considered for this position:
•CA, CFA, MBA or similar equivalent qualification.
•Minimum of 3-year finance degree.
•FAIS RE5 and RE1
•Key person registration or prior registration with FSB preferred
•Min 10 years’ direct experience in in the whole value chain of investing i.e. from origination, execution, monitoring to exit
•Must also have experience working in a third party private equity fund set up.
•Outstanding business acumen and strategic thinking
•Familiarity with regulations in industry
•First-hand experience in the PE life cycle of funds and investments; exit experience a must
•Skilled in due diligence, structuring, financial modelling and previous board participation
•Demonstrable value-add through operational or strategic oversight in investee companies

Designated group candidates are strongly encouraged to apply.
Job Closing Date 10/03/2020
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Last Updated: 30-7-2020 []
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