Investment Senior Associate, Therapeutics

About Mubadala Capital

Mubadala Capital is a global alternative asset management platform that manages, advises, and administers over $755 billion in assets for clients and limited partners through its core alternatives businesses and strategic partnerships. As a subsidiary of Mubadala Investment Company, Mubadala Capital combines the scale and stability of sovereign ownership with the agility and focus of a performance-driven global alternative asset management firm.

Mubadala Capital's core alternatives businesses manage and invest over $60 billion in assets across private equity, special opportunities with a focus on Brazil, credit, and venture capital, as well as Solutions and co-investment platforms. Additionally, Mubadala Capital maintains a portfolio of strategic businesses and partnerships in private wealth, public credit, insurance, and real estate, among other areas.

Mubadala Capital’s values—ambitious, responsible, resilient, and respectful—define not only how the firm invests, but also how we operate and make decisions every day. From how we lead to how we hire, these values reflect a commitment to excellence, integrity, and partnership, and serve as the foundation for the firm’s global culture and long-term success.

With more than 250 professionals across offices in Abu Dhabi, London, New York, Rio de Janeiro, and San Francisco, Mubadala Capital serves as a partner of choice to institutional and private investors seeking differentiated risk-adjusted returns across private markets.

For more information, visit our website at www.mubadalacapital.ae or find us on LinkedIn.

Position Overview

The Investment Senior Associate will play a key role in supporting and advancing Mubadala Capital Ventures’ therapeutics investing effort. The Ventures team backs exceptional founders building transformative businesses, and its healthcare practice has invested in over 50 companies across biopharma, healthcare services, and HealthTech. The therapeutics practice focuses on novel medicines and platform technologies across drug discovery and development, partnering with scientific founders from formation through clinical proof of concept and beyond, and backing programs grounded in differentiated biology with clear paths to addressing unmet medical needs.

Reporting to Mubadala Capital’s Therapeutics Investment Team Leadership, this individual will develop investment theses, conduct scientific and market research, support due diligence and financial underwriting for new investments, and contribute to the ongoing management of portfolio investments. A significant portion of the role will focus on strengthening the team’s sourcing, diligence, underwriting, and knowledge infrastructure. This position offers a scientifically or clinically trained individual a meaningful opportunity to deepen their investment capabilities, contribute to new opportunities, and support the continued development of an established therapeutics platform within the Ventures team.

Key Responsibilities

Developing Investment Theses

• Contribute to investment theses across priority therapeutic areas and modalities and help define the key questions to test.
• Conduct scientific deep dives, literature reviews, competitive analysis, and target assessment to develop the evidence base for investment themes.
• Build and maintain market maps, company and academic program tracking, and prioritized sourcing lists within areas of interest.
• Synthesize scientific and clinical evidence into concise written thesis materials and investment perspectives.
• Engage scientific advisers and other experts to test key assumptions and refine areas of focus.

Supporting New Investments and Portfolio Management

• Support scientific, clinical, commercial, and financial diligence on new investments, including expert interviews, data review, market assessment, financial modeling, valuation, returns analysis, and underwriting.
• Draft investment memoranda and Investment Committee materials, integrating scientific, analytical, and financial conclusions.
• Monitor portfolio investments against underwriting, including program and clinical milestones, financing needs, follow-on rounds, and key risks.
• Prepare quarterly portfolio and market reviews and support the semi-annual review of existing investments.

Platform Development

• Maintain sourcing infrastructure, including deal pipelines, company databases, market maps, and screening processes.
• Improve diligence and underwriting frameworks, research templates, benchmark data, and internal analytical tools.
• Help build and maintain relationships across academic institutions, the scientific community, founders, investors, and other relevant experts.
• Attend scientific conferences and industry events and help represent Mubadala Capital within the therapeutics community.
• Enhance the therapeutics investment platform through knowledge management, expert networks, portfolio monitoring tools, thematic research, thought leadership, and reporting processes.

Qualifications & Experience

• 4 to 6 years of investment or relevant professional experience.
• Experience in venture capital, growth equity, or private equity focused on therapeutics or life sciences; candidates with equivalent experience in drug development, translational or academic research, clinical practice, or biopharma operating roles are strongly encouraged to apply, including those making their first move into investing.
• A PhD, MD, or equivalent advanced scientific or medical degree, with deep scientific, drug development, or clinical expertise.
• Demonstrated experience with investment analysis, diligence, or research, with a clear aptitude and enthusiasm for developing as an investor.
• Strong understanding of the therapeutics landscape, including drug discovery and development and the clinical trial process, with familiarity across one or more modalities such as small molecules, biologics, and RNA and nucleic acid therapeutics, and therapeutic areas such as oncology, immunology and inflammation, metabolic, cardiorenal, and neurology.
• Familiarity with the regulatory and clinical development environment relevant to therapeutics, including the FDA approval pathway.
• Ability to support due diligence, financial underwriting, and structured investment analysis and to translate scientific and clinical insight into clear investment conclusions.
• Strong research and analytical skills; financial modeling, valuation, and returns analysis capabilities are required.
• A self-starter who takes initiative, works well independently, and is motivated to improve processes and infrastructure.
• Excellent written communication and presentation skills.
• Highly organized and diligent about documentation.

Mubadala Capital is proud to be an equal opportunities employer. We are committed to providing an inclusive environment for our colleagues and recognize the important role that diversity of talent plays in the workplace. All applicants are welcome and will be given equal consideration, without attention to race, religion or belief, sex, sexual orientation, gender, disability, marriage and civil partnership, pregnancy and maternity, or age.