Nuveen Infrastructure’s Clean Energy Infrastructure team (formerly Glennmont Partners from Nuveen) is part of the global investment management firm, Nuveen – with over US$1.2 trillion of assets under management as of early 2024. The team focuses on raising and investing clean energy private equity funds, and has been operating for over 15 years with c.€5bn raised to date across its various strategies. Favoured technologies include onshore and offshore wind, solar photovoltaics, battery storage, and bioenergy power generation assets.
The Clean Energy Infrastructure team’s core focus is on clean energy equity investments, credit investments, and asset & portfolio management. The team comprises c.70 professionals split across the above functions, and located across its key offices in London, Madrid, Milan, Singapore, Seoul, Tokyo, and Charlotte (USA). The team is currently looking to expand of the back of a successful fundraising programme which concluded in Q2 2024. Specifically the team is looking to recruit a manager in the core-plus clean energy equity investments team.
The M&A Manager will provide transaction support of a broad range to director level team members. The job will be focussed on transaction origination and execution, but will also offer the opportunity to take a broader role in the negotiation and closing of deals and in post-transaction asset management support.
The M&A Manager reports to Directors / Managing Directors.
Key Tasks & Responsibilities
The successful candidate will be responsible for supporting the origination, analysis, and execution of clean energy investments across Europe.
Modelling and investment proposals
Understand and optimise the project contractual structures
Define, document, and monitor all project assumptions
Understand and analyse project SPV financial statements
Produce, develop, and review of cash flow based financial models for renewable energy generation projects / assets / platforms valuation
Analyse and interpret results from the financial model, run sensitivities to help with the assessment of the investment case
Draft investment proposals and investment committee presentations with support and input from Investment Directors
Support in training Analysts and Associates on developing financial modelling and valuation skills
Transaction support
Support origination activities with renewable project developers in EU 27 economies and the UK
Drive and assist in the execution of deals (acquisitions, project financing, divestments)
Drive due-diligence workstreams and project manage transactions and coordinate work products from external advisors (developers/EPC contractors, lawyers, technical advisors, financing providers, etc.)
Develop proprietary pipeline of potential transactions based on a network of contacts, with autonomy from, but transparency to, the team
Market monitoring
Support in liaising with renewable energy and clean tech organisations
Conduct research on selected sectors, countries or market segments to identify potential investment opportunities
Follow regulatory development in the renewable energy sectors (regulatory framework, tariffs, EU targets, etc.
Fund Level Support
From time to time the role will entail offering support to other teams with Fund level activities. Such activities may include:
Production of marketing materials for fund raising campaigns
Compilation of VDD materials for prospective LPs
Miscellaneous additional activities associated with business development
Other
Support with raising financing activities
Support with model audit
Provide assistance in transaction administration, ensuring compliance of internal procedures
Knowledge & Skills Required
Candidates must be competent to build and operate detailed financial models; manage legal, technical, regulatory and commercial due diligence workstreams with appropriate understanding; have significant understanding of the political and environmental relevance of the energy and power sectors. Prior transaction experience, from working in investment banking, mergers and acquisitions, or private equity experience is required.
Min. 6 years relevant working experience
Equity investment experience essential – with demonstrable track record which may come from experience at an investment management firm, investment bank or M&A advisory house, an energy company / utility / IPP, or consultancy
Corporate finance or project finance transaction experience (from origination to execution)
Significant financial modelling expertise required
Relevant experience and knowledge of power/energy industry required
Fluent English required with additional European languages preferred
Excellent communication and written skills
Candidates must have the right to work in the UK
Demonstrable network of contacts among the universe of project sponsors
Other Information
Energy / power industry background is an advantage
Interest in the renewable energy sub-space is a prerequisite
Experience in investment appraisal, tax structuring
Strong financial toolkit (building models, analysing financial statements, performing valuations, structuring deals)
The role requires exposure to EU 27 countries. Therefore, fluency in local languages is preferable in order to analyse data and interact with acquired/prospective companies, regulators and investors.
A strategic approach, sound business judgment and a strong entrepreneurial mind-set is required
This role requires no regulatory designation.
Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. Please contact ta@nuveenglobal.com should you require any assistance.
Related SkillsAsset/Investment Modeling, Clean Energy Acumen, Communication, Detail-Oriented, Due Diligence, Financial Analysis, Group Problem Solving, Infrastructure Investments, Negotiation, Prioritizes Effectively, Stakeholder Engagement
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Company Overview
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives.Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.For more information about the firm please visit our website at www.nuveen.com
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