Associate / Analyst – First Light Opportunities Fund

Azure First Light AIF is a SEBI-registered Category II Alternative Investment Fund

. Firstlight Capital Advisors LLP, the Investment Manager, is based in BKC, Mumbai. The Fund’s flagship scheme, First Light Opportunities Fund

, focuses on investments in the SME segment and Distressed / Special Situations assets

. Target corpus is INR 100 crore

, with a green-shoe option of INR 200 crore (aggregate INR 300 crore).

Position-

Analyst

Location-

BKC, Mumbai

Reporting to-

Fund Manager / Founder & Managing Partner

Experience

3–6 years

Qualification-

CA / CFA / MBA (Finance) or equivalent from a reputed institution

Compensation-

Competitive, commensurate with experience

ROLE OVERVIEW The Associate /Analyst will play a critical role in the investment process of the Fund. The position requires robust analytical capability, intellectual curiosity and the ability to work with a high degree of ownership in a lean team. The individual will support deal origination, rigorous due diligence, investment thesis development and ongoing portfolio monitoring across SME and special situations opportunities.

KEY RESPONSIBILITIES

- Investment Research & Sourcing –

Identify, screen and evaluate potential investment opportunities in the SME and distressed / special situations landscape.
- Financial Analysis & Modelling –

Build robust financial models, conduct valuation analysis (DCF, trading & transaction multiples, asset-based approaches) and stress-test assumptions.
- Investment Memoranda –





Prepare high-quality investment papers and presentations for internal discussion and Investment Committee consideration.
- Due Diligence –

Support comprehensive financial, commercial and operational due diligence on target companies; coordinate with external advisors where required.
- Portfolio Monitoring –

Track performance of investee companies against investment thesis and agreed milestones; prepare periodic portfolio reviews and risk assessments.
- Market & Sector Intelligence –

Maintain ongoing coverage of relevant sectors, macroeconomic developments and regulatory changes that impact the Fund’s strategy.
- Compliance & Documentation –

Assist in preparation of investor reports, regulatory filings and maintain accurate investment records in line with SEBI AIF regulations.

REQUIRED QUALIFICATIONS & SKILLS

- Chartered Accountant, CFA, or MBA (Finance) from a leading institution.
- 3–6 years of relevant experience in private equity, alternative investments, credit / special situations, ARCs, investment banking or equity research.
- Strong command over financial statement analysis, valuation methodologies and advanced Excel modelling.
- Demonstrated ability to structure clear, concise and well-reasoned written investment recommendations.
- Familiarity with the Indian SME ecosystem, stressed assets resolution framework (including IBC) or private credit is a distinct advantage.
- High level of intellectual honesty, attention to detail and comfort operating in a small, high-performance team.

Application |

Interested candidates may write to [email protected] with their résumé

📌 Fund - Associate / Analyst (Mumbai)
🏢 Ezy Laws
📍 Mumbai