Project details

Overview

Project title

ADB Ventures Technical Assistance - 007 Investment Associate

Country Programme / Action Plan
Tender / Procurement notice
17 Oct 2020

Published

17 October 2020

Deadline

23 October 2020

Budget

110 000 USD


Procurement type


Individual consultants

Reference

54055-001 Package 007 Investment Associate

Funding Agency

ADB - Asian Development Bank


Estimated duration

240 days


Countries

Philippines

Date Published: 17-Oct-2020    Deadline of Submitting EOI: 23-Oct-2020 11:59 PM Manila local time


Selection Profile

Consultant Type: Individual

Selection Method: Individual Consultant Selection (ICS)

Source: International

Technical Proposal: Not Applicable


Selection Title: ADB Ventures Technical Assistance


Package Number: 007

Package Name: Investment Associate


Advance Action:  No:


Total Inputs: 240 Working Days


Consulting Services Budget: USD 110,000


Budget Type:  Estimated:


Approval Number: 9948

Approval Date: 31-Jan-2020

Estimated Short-listing Date: 25-Sep-2020

Estimated Commencement Date: 01-Jan-2021


Open to non-Member Countries:  No:


Additional Information

Possibility of contract extension:  Not known

Possibility of consideration for downstream assignment:  Not known


Country of assignment: Philippines; Regional


COVID-19 Related Assignment No


Contact Information

Project Officer: Dominic P. Mellor

Designation: Principal Investment Specialist Asian Development Bank

Email: dmellor@adb.org


Agencies

Primary | Agency | Country | Agency Role | Person

 Asian Development BankRegionalExecuting AgencyDominic Mellor |

 Asian Development BankRegionalImplementing AgencyDominic Mellor |


Publishing History

Typed | Publication Date | Published By | Duration of Advertisement | Deadline

Original | 17-Oct-2020 | Blendy Jane Rom | 7 DAYS | 23-Oct-2020 |


Terms of Reference (Individual Consultant)

Expertise: Private equity, Venture capital, Impact/technology investment

Expertise Group: Finance and Investment


Consultant Source: International

TOR Keywords:


Objective and Purpose of the Assignment

ADB Ventures is the venture capital arm of the Asian Development Bank (ADB) that invests in early-stage

technology companies solving big problems in emerging Asia and the Pacific. ADB Ventures Investment Fund

1 is capitalized at $60 million and has a strong focus on addressing climate change and empowering

women. The fund will invest for commercial returns in cleantech, fintech, agricultural technology, and

health technology solutions. Fund 1 is augmented by the ADB Ventures technical assistance that leverages

ADB's expansive operational networks, relationships, and strategic partners to help portfolio companies

scale and to identify additional investment opportunities. ADB Ventures will co-invest with the private

sector including family offices, angel investor syndicates, and venture funds. ADB's vision is for ADB

Ventures to crowd in more than $1 billion of venture risk capital towards achieving the sustainable

development goals in emerging Asia and the Pacific.

ADB Ventures is looking for a highly motivated and talented individuals. ADB Ventures offers a unique

entry point into the venture capital and impact investment industry.


Scope of Work

As an important member of the ADB Ventures team, the Associate will be involved in the Seed program

activities, including deal origination, due diligence, deal execution and portfolio management, as well

as supporting ADB Ventures fund operations. A key ADB Ventures TA activity is the Seed program that

provides reimbursable grants to early-stage technology solutions to validate and de-risk expansion of

their products into emerging markets. The Associate will support and be involved in Seed program

activities including: (i) upstream work of creating long-term value and bankable ADB Ventures projects,

and (ii) investment activities of ADB Ventures, including deal origination across ADB's developing

member countries (DMCs), due diligence, deal execution, portfolio management, as well as portfolio

support.

The position will be based in Manila, Philippines and may require extensive travel across Asia and the

Pacific.


The consultant will report to the ADB Ventures Senior Fund Managers, PSOD.


Detailed Tasks and/or Expected Output

Identify new investment trends and deal opportunities

• Perform industry research to identify investment trends and prospects

• Deal screening: call and/or meet with prospects, evaluate opportunities

• Documentation: summarize call notes, enter deals into CRM

• Network with peers in other Venture Capital Firms


Perform Due Diligence

• Gather information from target company and industry experts

• Research and talk to existing references and customers of the target company

• Research potential competitors to the target company

• Research and talk with technical experts to evaluate the target company's technology

• Conduct background checks on the current management of the target company

• Perform valuation analysis via modelling

• Help preparing internal investment memos

• Help preparing and processing investments according to ADB guidelines

• Coordinate with ADB for integrity, gender and safeguard due diligence


Portfolio Management and fund operations

• Help manage portfolio company reporting, oversight, and operations.

• Work directly with the management teams of the portfolio companies

• Support impact monitoring and aggregated report

• Support donor and investor reporting

• Support investment and company valuation modeling


Minimum Qualification Requirements

Education

• Major in Finance/Business, Accounting, Economics or other relevant subject from a reputable university,

• MBA and/or CFA preferred but not required.


Professional experience

• Minimum 3 years relevant investment experience from private equity, venture capital, impact/technology

investment, investment banking or top-tier consulting firm,

• Demonstrable experience across the investment cycle, including deal origination, conducting end to end

due diligence, deal execution and portfolio management,

• Experience in entrepreneurship preferred,

• Experience in startups and technology, particular in cleantech, fintech, agriculture technology and

health technology preferred,

• Experience with assessing businesses and industries desirable.

• South/Southeast Asian market experience is a plus.


Required skills

• Strong financials skills, including cash flow modeling and investment valuation techniques,

• Strong written and verbal communication skills, including ability to produce professional PowerPoint

presentations and investor pitch decks,

• Outstanding analytical and problem-solving skills, detail-oriented, proactive and self-motivated,

• Team player with strong interpersonal skills, including experience working with C-suite and senior

level investment professionals,

• Knowledge of Asian languages is a plus.


Minimum General Experience: 7 Years

Minimum Specific Experience (relevant to assignment): 3 Years

Regional/Country Experience:  Required


Schedule and Places of Assignment (chronological and inclusive of travel)


Schedule Type

Continuous


Max. Working Days/Week

Home Office 5

Field 6


City and Country Working Days Estimated Start Date Estimated End Date Other Details (use if place selected is Others)

Manila, Philippines 240 01-Jan-2021 31-Dec-2021


Total

240


Cost Estimate:

Cost Items Amount in USD

Remuneration and Other Expenses

All activities and inputs in the TOR but not limited to remuneration, per diem, air travel, miscellaneous travel expenses, report preparation, production, and transmission, land transportation, communications, etc. 109,504

Contingency 496

TOTAL


110,000