Associate/Sr. Associate, Life Sciences (Abingworth) at Carlyle Investment Management, LLC in Menlo Park, California

Job Description:

Position Summary



Fund Description:



Abingworth is a leading transatlantic life sciences investment firm. The firm is focused on transforming cutting-edge science into novel medicines by providing capital and expertise to top-caliber management teams building world-class private and publicly traded companies.


Since 1973, Abingworth has raised 15 funds and invested in 187 life science companies, leading to 50 M&As and 76 IPOs.


The firm's strategic approach is broad with therapeutic focused investments falling into 3 categories:

• Seed and early-stage


• Development stage (including some companies that are publicly traded)


• Clinical co-development programs with major pharmaceutical companies

The firm invests across therapeutic modalities including biotherapeutics, small molecules, nucleic acid therapeutics, vaccines, specialty pharma, gene therapies, cell therapies and platform technologies.


In August 2022, The Carlyle Group acquired Abingworth to bolster Carlyle's leading global healthcare franchise and to operate across the full risk-return spectrum of life sciences and healthcare investing.


Abingworth supports its portfolio companies across 3 key biotech centers: Boston, London, and Menlo Park. In addition to investment expertise from the team of investment professionals, the Abingworth team collectively brings deep knowledge and skills across research & development, business development, corporate finance, recruitment, legal, public relations and operations. The team is further complemented by an extensive international network of scientific, clinical and industry experts who participate in the deal sourcing and evaluation process. Abingworth is well resourced to assist companies at any stage of development, and Partners of the firm play an active role on the Boards of portfolio companies.


To learn more, please visit www.abingworth.com



Position Summary:



Abingworth is looking to add a(n) Associate/Senior Associate to their venture team in Menlo Park. The role will involve supporting the deal team in identifying and executing new deals. In an organization where collaboration and teamwork are highly valued, the hire will work closely with Abingworth colleagues across all 3 offices.



Responsibilities

• Diligence novel scientific breakthroughs and help recommend high-potential investments in the life sciences


• Perform analysis including financial projections, valuations and returns analysis


• Work closely with colleagues to develop exit strategies for portfolio companies to maximize value to the fund


• Cultivate and maintain a strong network of influential pharma and biotech executives, entrepreneurs, potential co-investors, bankers, LPs, scientists and academics


• Represent Abingworth credibly in the market to all relevant audiences


• Stay current on relevant developments in science, the biopharma industry and life-science investment community

Qualifications


The ideal candidate will have prior experience in biotech venture investing with a strong background in science and/or medicine. The preferred candidate will have:



Education & Certificates

• Advanced degree (Ph.D. or MD is ideal), will consider those with strong science undergrad degrees

Professional Experience

• Minimum of 1-2 years of experience in a life-sciences (therapeutics) VC firm and/or 2 years of experience at a top life sciences consulting firm or similar relevant commercial experience in a biotech or pharmaceuticals company.

Competencies & Attributes

• Exceptional analytical and quantitative skills


• Entrepreneurial, creative, opportunistic mentality while also bringing sound investment discipline and judgment, and ability to drive projects to conclusion


• Strong team orientation and collaborative approach; capable of working closely with the firm's team of experienced, transatlantic professionals to maximize investment opportunities and success


• Positive self-starter with high EQ, integrity and work ethic

Benefits/Compensation



The compensation range for this role is specific to Menlo Park and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.


The anticipated base salary range for this role is $150,000 to $240,000.


In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.


Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by The Carlyle Group.



Company Information


The Carlyle Group (NASDAQ: CG) is a global investment firm with $447 billion of assets under management and more than half of the AUM managed by women, across 612 investment vehicles as of September 30, 2024. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.


At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success. Apply Now