Job Description:

Devonshire Investors is a private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry.

Devonshire invests in directly-held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries. Devonshire has over $20 billion in assets under management.

The Natural Resources platform consists of holdings in traditional and renewable energy, timber and agriculture real asset investments. The platform comprises approximately $2.5 billion of committed and invested capital across one directly held operating asset and two captive private equity funds.

About the role

This position will report to the Managing Director of the Natural Resource platform. The platform of nearly three dozen direct investments continues to grow and is seeking additional resources to support the current portfolio of existing and new investments. Primary responsibilities will include:

supporting oversight of existing portfolio holdings, conducting industry research and analysis, generating quarterly LP communication and investment performance review with support of analyst(s), and coordinating diligence with add-on investments for existing assets.

The Value You Deliver

• Partner with 42 North investment team on portfolio management and oversight of portfolio, supporting efforts to monetize investments upon reaching targeted investment goals
• Serve as board member or investor representative for at least eight individual holdings alongside 42 North team members and develop strong working relationships with management teams, fellow board members and investment partners
• Drive favorable investment outcomes. Oversee execution of investment theses, assess management performance against that thesis, analyze market trends impacting performance
• Leverage network of industry relationships to source new investment opportunities; partner with investment team to provide support on diligence of new investments
• Develop leading industry knowledge, market insights, and deep familiarity with financial, strategic, and operational details of each of the target portfolio businesses

The Expertise You Have

• 5-10 years’ experience as an associate/vice president/director at an institutionally scaled direct investment platform, preferably in an institutional asset manager such as a large family office, multi-family office, or private equity general partner
• Prior experience in natural resources investing is a strong preference (energy & renewables, timber, agriculture, or metals & mining).
• Direct experience in corporate governance roles, such as serving as a board member and /or investor advisory board member, is required
• A proven record of delivering results and demonstrating impact
• Strong attention to detail with a sense of urgency and ownership of completing the day-to-day
• Strong financial and analytical skills; capability to analyze financial statements, review projections and understand business implications
• Gravitas to engage with portfolio company management, investment partners and senior executives
• Excellent oral and written communication skills and an ability to persuade through influence rather than directive
• Willingness to travel approximately one-third of time to attend quarterly board meetings, ad-hoc management meetings, industry conferences and general networking opportunities

Please see below for the salary range for work locations in Colorado only:

Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:

Please see below for the salary range for work locations in California only:

Please see below for the salary range for work locations in Washington only:

Certifications:

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.

At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a Best Place to Work in 2023. And you don't need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you've always imagined.

At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working”. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 3.