Position:
Portfolio Manager, Impact Investing
Location:
San Francisco Bay Area with a hybrid in-office/remote model
Website:
Job Category:
Application Deadline:
Wednesday, April 30, 2025
About the Role
Our investment program seeks to make impact-first investments that achieve similar impact goals as the Foundation’s grant-making programs, which include sustainable agriculture, energy, human rights, and marine conservation. The Portfolio Manager (“PM”) will join a dynamic team of collaborative investment professionals who move the work forward with passion and genuine commitment to and passion for the values of the Foundation. Additionally, they will be results-oriented, have a demonstrated ability to work individually and on a team, and be able to adapt as responsibilities and the program evolve.
Key Responsibilities
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Develop, execute, and continually refine strategy for building a portfolio of investments in the area of Materials. This includes alternatives to single-use plastics, circular economy (ie: reuse/refill models), and textile innovations. PM may also execute on one of the other strategy areas of the Foundation as needed.
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Source, review and evaluate potential investment opportunities performing due diligence including impact and financial risk assessment, industry analysis, competitive landscape assessment, product-market fit, go-to-market validation, and financial modeling. Manage the process from origination to post-investment support and monitoring.
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Manage Materials portfolio cash flows, risk-adjusted financial returns, and financial reporting to internal stakeholders and external auditors.
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Bring a network of strong relationships within the materials, packaging, and textiles fields, and continue to develop additional relationships with external experts and build the Foundation’s presence in the field.
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Craft creative capital solutions and negotiate terms in order to meet the needs of founders, considering the Foundation’s impact-first capital preservation goals.
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Recommend investments to the Investment Committee in collaboration with the Managing Director of Impact Investing.
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Author investment memos and related diligence documents informed by comprehensive, in-depth company and industry research as well as portfolio benchmarking analysis. Work with the Investment Analyst and soon-to-be hired Investment Associate on these activities.
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Contribute to the continual assessment and evaluation of portfolio management, inclusive of reporting and forecasting to ensure the portfolio is grounded in a focus on impact and that staff, management, and board are informed.
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Collaborate with grantmaking program team(s) to develop strategies and ensure high programmatic alignment, and establish strong relationships with operational support teams (Legal, Finance, Operations).
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Provide post-investment support to portfolio companies including serving as Board observer or Board representative, as applicable.
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Assist the Managing Director with special projects and new initiatives for the Impact Investing program, which could include investments in other issues areas, or help with making short-term investments.
Qualifications
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10+ years of experience in direct investing or working with or for early-stage companies, in a variety of public, private, or nonprofit settings such as venture capital, private equity, investment banking, social enterprise, community banks, impact investing, mission-driven investing, or family office experience
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Experience in investing for impact and not just financial returns
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Demonstrated expertise in alternatives to plastics / advanced materials / circular economy / textiles. At least 5 years of experience in a job focused on one or more of these issues.
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Strong financial and analytical skills including demonstrated experience building 3-statement financial models and conducting sensitivity analysis
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Demonstrated leadership supportive of a collaborative team culture
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Excellent analytical, research, organizational, and project management skills
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Strong attention to detail and commitment to consistently providing high-quality deliverables
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Knowledge of due diligence practices and investment performance monitoring
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A commitment to social impact and supporting founders and emerging leaders, especially from underrepresented backgrounds and those building organizations that close gaps of access and/or opportunity for low-income communities and/or communities of color
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Effective verbal and written communications skills
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A positive attitude and ability to develop and maintain strong working relationships with Foundation staff, consultants, borrowers/investees, and constituencies in the impact investing field
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A high degree of honesty and integrity and demonstrated passion for and commitment to the Foundation’s mission in professional and/or volunteer capacities
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A Bachelor’s degree in Finance, Business, Economics or a related field or equivalent experience with strong grounding in finance and investing is required; relevant advanced degree and/or financial certification