Infinity Recycling Associate

Are you a strong believer in the circular economy? Would you like to invest in technologies and work with entrepreneurs that make direct, positive and sustainable impact into the recycling of resources (plastics)? My client is a professional fund investing in young global companies and technologies focused on the recycling of plastics (VC and growth). They are further expanding their team and looking for 2 x international investment associates for their global HQ in Rotterdam.

Short Description
Infinity Recycling is a successful and fast-growing Venture & Growth Capital Fund headquartered in Rotterdam. They are an international investor into technologies focused on the recycling of plastics. They are currently investing from their first fund with commitments of €130m with targeted close (alter this year) of €150m. They are currently situated in the centre of Rotterdam but will move close to the Central Station (30-40 minutes by train to Amsterdam).

Infinity Recycling is a no-nonsense, down to earth, young, highly entrepreneurial, ambitious and energetic team of VC/growth investors. They have already closed 4 deals and made an additional 2 co-investments in European portfolio companies.

Company and Team Profile
The Infinity Recycling Team currently consists of eight investment professionals; two managing partners, one head of investments, one director, one operational partner, two investment managers, one (senior) investment manager and one analyst. The team is looking to expand the team with two associates.

Investment Criteria:
• Early stage (Series A to Growth) in startups and young companies within advanced recycling technologies
• Minority investments
• Tickets of +/- €5m to €15m and on occasion smaller or much larger
• Significant opportunity for growth and technology driven
• Target companies are initially headquartered in Europe, but they have ambitions to invest in Asia and the US

Approach:
• Infinity Recycling has an active approach in supporting entrepreneurs and managers with improving, building and growing their plastic recycling businesses into market leaders.
• Their approach is collaborative, pragmatic and focused on the long term.
• After investing in a company, they work together with management to create strategic and operational plans and provide the support necessary to realize these plans.

What makes Infinity Recycling a highly desired place to work?
• Large and growing fund: The target of €150m for a first hard close is unique. To put such a large first VC fund in the market is in itself an achievement and really reflects the ambition and readiness of the market to accelerate the pace of achieving a circular economy.
• Sustainability, circularity and impact: At the core of investment strategy is a mandate to drive sustainable technologies into the recycling of plastics, words such as sustainability, environmental impact and circular economy have real meaning at Infinity Recycling. It is not “green washing” or the fine print of an ESG webpage. It is ingrained in their DNA. They exist to make a substantial positive impact into the circular economy.
• Return driven: This is an entrepreneurial fund and will demonstrate that making a positive contribution to the circular economy can be done in a profitable way generating healthy returns to investors (>20% IRR). As an associate you will also reap the rewards of success. The intention is to include the associates in the “carry structure”.
• High Deal Flow: The team currently looks at hundreds of investment opportunities per year. They have an excellent pipeline of deals and aim to do 5-7 deals pr year. You are going to do plenty of deals at Infinity Recycling.
• International scope: Infinity Recycling is not limited by borders and scans the full European investment space to find the very best deals. The team, their targets and LP structure are all European/international by nature.
• Excellent and diverse team (experience, ambition, skills).
• Culture: Ambitious, output driven, entrepreneurial, pragmatic, down to earth (non- hierarchical), hardworking but room for fun and self-development.
• Career Growth and responsibility: The team will continue to grow over the coming years giving plenty of opportunity for further personal improvement (promotion, development and to further gain responsibility). Their ambition is to put a new (and bigger fund) into the market every 2-3 years.
• Further internationalization: As they explore new markets and regions the plan will be open new offices. For those individuals flexible and ambitious enough to travel; can experience an international overseas adventure.

Job Description
In the role of investment associate your primary focus will be to evaluate and execute deals and support the management of the portfolio. In summary, but not limited to:

Deal-flow and execution
• Some support in deal origination (e.g., market and company research, networking) • Evaluation of investment opportunities (e.g., financial modelling, valuation, structuring, commercial and technology due diligence).
• Support deal due diligence and documentation (technology / IP, financial, legal, tax and operational) by 1) managing individual workflows and 2) combining workflows to be able to execute deals.
• Support deal negotiations.

Portfolio management
• Support portfolio management (e.g., financial reporting, KPI setting, strategy development, performance improvement projects, buy-and-build activities).
• Support preparation and execution of further financing and exits.
• Periodic portfolio performance reviews, valuation and return calculations.

Other
• Leadership: Coaching and developing of team members and entrepreneurs.
• General marketing and operational activities.
• The investment associate will work towards having a lot of interaction with company owners, sector experts and CF advisors, through continued personal development in the direction of investment manager.

Requirements
• Strong academic background: Masters in a numerical discipline (Business, Finance, Econometrics, Engineering etc.). Strong grades will be a pre.
• 3 - 6 years of work experience in investments (venture capital or private equity), or investment banking/M&A.
• The successful candidate is able to execute the majority of the individual work streams within the M&A deal whether it is valuation, building a financial model, legal documentation, financial dd, commercial dd. and SPA negotiations.
• The candidate is a top performer and has received excellent performance reviews.
• Self-starting, can perform multiple tasking and prioritize effectively, assertive, content and results driven with a high level of professional and commercial flair. A dose of personality is very much welcome. The social side is very important; energetic, down- to-earth and fun to win with!
• Ability to ‘connect’ with entrepreneurs and managers is a must.
• Native fluent in English.

Triggered by this opportunity? Please contact Fishfin and let us elaborate on this unique place to work!
Michael Witts: +31(0)647304147, michael.witts@fishfin.nl