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The Associate position at CVS Health Ventures (CVSHV) is a highly analytic role supporting our investments in external venture capital funds as part of our Market Development team. In this role, you will be responsible for supporting a portfolio of external fund investments, with a focus on identifying, evaluating, and selecting top-performing funds that align with our strategic investment objectives. Distinct from other team roles that are centered on direct company investments, this position emphasizes the evaluation of venture capital fund managers, analysis of emerging market trends, and assistance with platform and operational tasks. The Associate will collaborate closely with CVSHV colleagues, cross-functional teams, and external stakeholders to conduct in- depth diligence, perform market research, and address ongoing operational needs of the team.
Job Responsibility:
Fund Evaluation and Investment Analysis: Conduct fund manager evaluation and diligence, analyzing venture capital managers, team composition, track record, market focus, and deal sourcing
Organize and manage a pipeline of fund investment opportunities and existing relationships, tracking the status while identifying opportunities to advance the pipeline and deepen partnerships
Create and prepare executive materials and memo development for fund investment opportunities
Relationship Management: Work closely with CVSHV team members to support General Partner (GP) relationships post-investment, manage external communications, plan events, and facilitate recurring touchpoints
Coordinate and support portfolio engagement for Limited Partner (LP) positions, including performance tracking, strategic initiative support, and fostering relationships with external team members
Market Research and Fund Portfolio Tracking: Monitor fund portfolio performance and engagement and assist in updating long-term fund-of-funds capital deployment model
Create structured market maps, portfolio exposure, and performance benchmarking, to inform fund‑of‑funds and direct investment priorities, with emphasis on healthcare‑adjacent and technology‑enabled frameworks
Broad Market Development Activities: Engage business teams to build relationships and gain insight into strategic priorities and roadmap, identifying partnership opportunities to address business needs
Develop targeted investment theses in key areas of innovation, identifying investment opportunities that align with the organization’s strategic goals
Support select portfolio companies through a strategic portfolio management role, providing guidance and resources to enhance the growth
Process Improvement: Contribute to scaling and refining internal tools, templates, and processes that improve efficiency and consistency across the platform
Project management of administrative and operational processes (e.g., CRM, documentation, reporting) in coordination with other parts of the team
Administrative Support and Travel: Support administrative functions such as organizing meetings/events, coordinating logistics, and managing related communications
10-15% travel expected
Requirements:
5+ years of professional experience (internships excluded)
Experience in management consulting, venture capital/corporate venture capital, investment research, asset management/fund investing, corporate strategy, or private equity/investment banking roles
Strong proficiency in Microsoft Excel and PowerPoint, with experience in financial modeling and producing polished, executive-level materials
Bachelor’s degree or equivalent work experience required
Nice to have:
Familiarity with venture fund economics, fund structures, and performance metrics
Exposure to healthcare, healthcare services, or healthcare technology markets
Experience supporting operating or platform functions within an investment organization
Self-starter with strong independent judgment and comfort navigating ambiguity among multiple workstreams
Strong communicator, both verbal and written, with the ability to influence across functions at all levels of an organization
Strong presentation skills, with experience developing clear, concise materials for senior executives, including familiarity with Microsoft PowerPoint
Validated project management skills with an emphasis on integrating multiple work outputs into a unified deliverable
Highly organized and able to provide positive leadership across multiple work streams in a fast-paced, complex working environment
Demonstrates a high level of independent judgment and proactivity
Demonstrated collaborative work style with the ability to work effectively across diverse teams
Experience planning events and vendor management between multiple entities
What we offer:
Affordable medical plan options
401(k) plan (including matching company contributions)
Employee stock purchase plan
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching