Associate, Clean Energy

About Capital Dynamics:

Capital Dynamics is an independent global asset management firm with more than 35 years of experience in private assets. Managing over USD 15 billion across Private Equity and Clean Energy infrastructure, we serve a global client base of institutional and private wealth investors from 14 offices across Europe, North America, and Asia. We are a recognised ESG leader – holding Five Star PRI ratings across all categories and delivering strong GRESB results for our clean energy strategy.

Clean Energy Department:

The Capital Dynamics - Clean Energy team makes direct equity investments in carbon-reducing renewable energy – from late-stage development through to commercial operations. We are one of the UK's largest managers of onshore wind assets, Battery Energy Storage System (BESS) infrastructure, a pioneer in subsidy-free solar PV in Europe, and we have a growing presence in the US. Our approach focuses on de-risking projects at the end of their development phase and optimising performance and capital structure through to commercial operations.

The Role: Associate, Clean Energy

We are looking for a highly technical and commercially sharp Investment Associate to join our London-based Clean Energy Investment team. Reporting to the Co-Heads of Clean Energy, you will be a core member of the team, taking an active role across the full deal lifecycle, from origination and due diligence through to execution, financing, and post-acquisition asset management.

This is a high-impact, hands-on role for someone with a genuine passion for the energy transition and the technical skills to match. Given our focus on European markets, fluency in English and at least one additional European language, such as Spanish, German, Swedish, Finnish, Danish, or Polish, is essential.

Key Responsibilities:

• Build and maintain sophisticated financial models, including automated outputs and scenario and sensitivity analysis.
• Draft Investment Committee memoranda to support acquisition and divestiture decisions.
• Lead and coordinate due diligence workstreams during deal execution, working alongside legal, tax, and technical advisers.
• Support financing activities across the investment portfolio, including debt structuring.
• Conduct market research and analysis to inform investment theses and strategic decisions.
• Partner with the Portfolio Management and Asset Management teams to monitor and enhance portfolio performance post-acquisition.
• Represent the team externally at conferences, meetings, and investor forums.

Essential Experience & Attributes:

• Ideally 2 – 5 years’ experience in investment banking, infrastructure asset management, Big Four advisory, or M&A consultancy, with a specific focus on energy, renewables, energy transition, or clean tech infrastructure.
• Proven track record working on clean energy or renewables infrastructure transactions in Europe, including deals in the UK and/or European markets such as Spain, Italy, Germany, and the Nordics. Experience in other markets is highly desirable.
• Exceptional financial modelling skills, including a strong command of debt financing models.
• Solid grasp of key financial metrics, such as IRR, NPV, and yield, and methodologies including DCF, LBO, and financial statement analysis.
• Good working knowledge of the legal, tax, and documentation frameworks for direct infrastructure investments.
• A genuine interest in responsible investment, ESG, the energy transition, and the UN Sustainable Development Goals.
• Familiarity with renewable energy support frameworks and power market dynamics.
• Rigorous attention to detail and a commitment to producing high-quality work under time pressure.
• A self-starter who thrives with autonomy, adapts to shifting priorities, and manages across time zones with ease.
• Sound investment judgement, with a keen awareness of risk and return.

Education:

• Minimum bachelor's degree (2:1 or equivalent) from a top-tier university in a relevant discipline - finance, economics, mathematics, finance & investments etc.

Languages:

• Must be fluent in English and at least one of the following European languages: Spanish, German, Swedish, Finnish, Danish, or Polish. This is an essential requirement.

Practical details:

• Hybrid role: 4 days per week in our London office.
• Shortlisted candidates will be asked to attend in-person interviews at our London office, including a technical assessment (case study and modelling exercise).

Equal Opportunity Statement:

Capital Dynamics is an Equal Opportunity Employer. With 23 nationalities represented across 14 offices spanning North America, Europe, the Middle East, and Asia, we believe our differences makes us better investors and a stronger firm. We strongly encourage applications from talented individuals of all backgrounds, and warmly welcome candidates who may require adjustments during the recruitment process - please let our team know.