Associate, Performance (Middle Office)

17Capital is a private credit manager, specializing in NAV finance for the private equity industry. It provides non-dilutive capital to high-quality private equity management companies, funds, and institutional investors as part of their toolkit for value creation and portfolio management.

Founded in 2008, 17Capital has completed over 130 investments, deploying more than $20 billion alongside leading private equity franchises globally.

For more information, please go to www.17capital.com

17Capital’s Values

Our values are the basis on which we build strong relationships with our clients, our investors and each other. They are the foundation of our business and integral to our continued ability to pioneer success.

Build trust – We behave and act in ways that earn trust

Embrace “different” – We embrace new ideas and constantly strive to discover new ways of doing things

Make things happen – We are agile and responsive in a way that delivers success for all our stakeholders

Strive for excellence – We act with professionalism and adhere to our high standard

Overview of Department

The Fund Performance team sits within the Middle Office function and is responsible for performance analysis across 17Capital’s Funds and Investments, servicing internal and external stakeholders. The team works closely with Fund Accounting, Client Services, Investment and Technology teams.

Position Summary

The Associate in Fund Performance supports the analytical output of the team. The role encompasses maintaining and enhancing calculation engines and reporting tools, Track Record production, dashboard development, and data governance. The individual will take ownership of assigned performance deliverables and act as a bridge between the Technology and Finance teams.

Role & Responsibilities

Responsibilities include but are not limited to:

Fund Knowledge & Performance Methodology

Achieve a detailed understanding of the fund's portfolio investments, Limited Partnership Agreements, Borrowing Facility Agreements, investment pipeline and FX/cash management policies

Develop thorough knowledge of 17Capital Metrics & Calculation Methodologies and explain calculation methodologies used in performance analysis to the rest of the business

Modelling and Performance Analytics

Review gross cash flows and valuations produced by the Investment Operations team

Support the quarterly valuations process by maintaining and enhancing the calculation engines and reporting tools in MS Excel and Power BI (maintain — not update — the valuations workbook/calculation engines)

Maintain and update the gross and net Track Record and Data Pack quarterly, releasing the Investment/Fund Track Record to the business to deadline

Produce bespoke investment performance analysis for the business — including Senior Leadership and individual investors — to support fundraising and ad-hoc enquiries

Build enhanced models for gross-to-net performance analysis, valuation and forecasting

Forecasting

Co-own the quarterly fund performance forecasting process with the team

Liaise with the Investment Team for individual investment inputs and with Client Services and Senior Leadership as end users of the outputs

Work with the Tech Team and Power BI to automate provision of forecasting data to Client Services

Power BI & Data/Technology

Develop new Power BI dashboards and automate reporting of forecasting, Track Record and gross-to-net performance outputs

Act as the link between Technology and Finance in the creation of new analysis, dashboards and models for the business

Work with the Tech Team to ensure data flow processes support Power BI production and that mappings from data warehouse to Power BI reports are accurate

Support the Investment Risk monitoring function by creating monitoring tools and dashboards for the investment portfolio and identifying risks

Shape, document and implement processes with adequate controls to ensure performance team data is captured and transferred between repositories accurately and efficiently

Ensure all data captured and utilised forms part of a structured data set

Collaborate with Fund Controllers to ensure timely provision of fund accounting data to support performance analysis

Review and re-structure data (e.g. gross portfolio and treasury data) for efficient input into Excel models and software solutions

Challenge and improve current processes around data governance and review so the business can be confident in the data and analysis produced

What is expected of you

As an Associate in Fund Performance, you support the analytical output of the team. You are personally accountable for:

Proactive stakeholder management — maintain all Performance trackers and logs on a daily basis and communicate status upward to the VP weekly; anticipate what your VP needs to know and surface it before being asked.

Ownership and accountability — own Track Record updates end-to-end and ensure timely, accurate release to the business.

Data ownership and governance — maintain and enhance the calculation engines and reporting tools that underpin 17Capital's performance analytics (accurate, documented, version-controlled); maintain Performance data within your remit on a weekly cycle — stale or unvalidated data is a control failure; support data governance initiatives and restructure data for quality, accessibility and efficient input to models and Snowflake.

Personal sign-off discipline — only sign off dashboards, data releases and analytical outputs that you have personally verified as correct.

Power BI dashboard delivery — build and maintain dashboards that meet the evolving needs of the business, ensuring data accuracy and alignment with underlying sources.

Quarterly valuations support — provide accurate and timely inputs and outputs to the quarterly valuations process.

Deal-level accountability — take full ownership of every deal within your remit; you are the accountable point of contact for each transaction assigned to you, personally responsible for its accuracy, timeliness and completeness.

Continuous improvement — proactively improve processes around data capture, governance and review; support investment risk monitoring through dashboard development and anomaly flagging.

Communicate proactively and anticipatorily with senior stakeholders within the team and with other business lines across 17Capital — provide active updates, flag developing issues, upcoming deadlines and emerging risks before they are asked about.

Person Specification

Required

Degree or professional qualification in Finance, Accounting, Maths or other highly numerical discipline

2+ years' professional experience with knowledge of fund performance or financial analysis

Strong modelling and MS Excel skills

Highly analytical with strong attention to detail

Strong organisational skills and ability to manage deadlines

Strong data capability and data mindset

Strong analytical capability, with a natural curiosity to understand what data is telling you

Proactive with willingness to learn and develop

Good communication skills, written and oral

Interest in developing skills in using AI tools

Desirable

Professional experience of dashboarding and analytics

Experience of working with systems and software

Private funds experience

An AI related certification

Individual Profile

Strong analytical skills and methodical approach

Takes individual accountability and ownership of deliverables

Conscientious with excellent attention to detail

Strong interpersonal and communication skills

Proactive and willing to challenge existing processes

Key relationships and stakeholders

Internal

Middle Office Lead and VPs

Client Services and Investor Relations

Investment Professionals

Fund Controllers and Accountants

Technology Team

Senior Management Team

External

Investors (as require