Investment Associate
Quayside Holdings
Total years of experience :3 years, 1 Months
Quayside is a $2.5B diversified endowment fund investing on behalf of Bay of Plenty Regional Council in New Zealand. Quayside invests globally in publicly listed equities, direct and managed private equity, venture capital, real estate and natural resources.
Investment Associate
Promoted to Investment Associate upon exceeding expectations in performance targets including the ability to delegate to juniors and present investment opportunities to the Senior Leadership Team and Investment Committee.
Investment Analyst
Analyse investments throughout the entire purchase process, including initial screening, commercial due diligence, financial modelling, engaging advisors, SPA negotiations, producing investment papers. Key accomplishments included:
• Coordinated business plan for divestment of $1B strategic port asset.
o Coordinated with independent advisors and local government stakeholders to produce divestment and reinvestment plan. Contributed as a technical resource at Quayside Board meetings.
o Specifically, project management of financial forecasts and sensitivity depending on asset allocation.
• Executed $50m equity investment into a $300m regional shopping centre.
o Led comprehensive due diligence including analysing catchment growth and land scarcity, as well as property specific metrics such as tenant quality, store occupancy cost ratios, debt covenant headroom.
o De-risked investment through negotiating for indemnities on anchor tenants, tax, and structural engineering matters after engaging with external consultants.
o Acted as a board observer following the transaction.
• $55m commitments into various private equity funds.
o Collaborated in creating a right-sized managed private equity vintage layering strategy and performed manager due diligence.
• Due diligence on $20m equity investment into a $70m retirement lifestyle village.
o Performed complex financial modelling required to observe exit fee dynamics. Assisted in commercial due diligence including customer analysis, site visits, management interviews.
o Recommended against investment due to high sensitivity from macroeconomic environment outweighing potential return.
• Conducted Markowitz style asset allocation research.
o Constructed a 10-asset class means-variance optimisation model which uses forward looking inputs.
o Monte Carlo and back-testing of portfolio performance to ensure liquidity and risk tolerance adherence.
• Several minor investments into growth equity, real estate, and agriculture assets. Including:
o Purchase of a $9m commercial real estate building.
o $4m follow-on via convertible notes into an infant formula brand.
o $3m follow-on into a trade documentation software firm.
o $3m follow-on into an agri-health hardware firm.
o Merger and $2m follow-on into a hop garden & distribution firm.