Test Your Knowledge on Water: Sciens AQ Quiz

Private Equity Investment Analyst/Senior Analyst

Location: New York, NY

About Sciens

Founded in 1994 and headquartered in New York with affiliated locations internationally
Manages assets in private equity, hedge funds and real assets
Advises institutional investors and ultra-high net worth investors globally on their investments
Invests in real assets through partnerships with specialist asset operators
Launched the Sciens Water Opportunities Fund (SWOF) to invest in the U.S. water industry

Job Summary

Sciens is seeking a Private Equity Investment Analyst/Senior Analyst. The candidate will be involved in all aspects of our investment process including origination, industry research, due diligence, modeling, and portfolio company monitoring. The position is primarily focused on water infrastructure reports to a senior investment member.

Responsibilities

The Analyst/Senior Analyst will work directly with senior investment members focusing on Sciens Water Opportunities Fund (SWOF):

Assessing and valuing prospective investment opportunities
Modeling business plans, financial structures, and investment returns
Participating actively in due diligence workstreams on prospective investments (e.g., financial, commercial, ESG, tax, and legal due diligence)
Preparing industry and competitive landscape research
Drafting investment evaluation materials and sector/theme analysis
Maintenance of the deal pipeline, industry overviews and valuation metrics
Contributing to the negotiation and drafting of legal corporate documentation (e.g. financing agreements, purchase agreements)
Supporting portfolio companies throughout our investment period, including the planning, execution, and monitoring of value creation initiatives

Qualifications

Top academic credentials
1-3 years of investment-related experience (e.g. private equity, investment banking, venture capital, or consulting)
Experience in Real Assets, Water Industry, or Infrastructure is a plus
Strong verbal and written communication skills, including presentations and writing
High degree of attention to detail and excellent analytical/financial modelling skills
Excellent teamwork skills within international settings
Entrepreneurial, mission-focused, and collaborative mindset
Ability to prioritize and multi-task responsibilities

To Apply

Send your resume and a cover letter detailing your interest in the position to info@scienswater.com with the subject header “Sciens Analyst Role.”

Closing Remarks

Drought in the West: The Failure of Agriculture? And Closing Remarks

Successfully Building and Growing a Water Infrastructure Business

Academia’s Role in Supporting Industry Research Efforts to Adapt to an Uncertain Water Future

Technology’s Role in Supporting Industry Research Efforts to Adapt to an Uncertain Water Future

The Problem in Jackson, Mississippi

The View from the Top: Key Macro Trends in the U.S. Water Market

Major Challenges to Water Delivery and Safety

Developing a National Strategy: What is the Federal Government Doing?

The Water Opportunity Now

Seth Siegel

As a serial entrepreneur, water activist and a New York Times bestselling author, Mr. Siegel is a campaigner for change in water policy in the U.S. and around the world. He has been recognized for his thought leadership and advocacy on water scarcity and quality concerns. He is a Senior Fellow at the University of Wisconsin’s Center for Water Policy and his commentary has appeared in many leading publications, including The New York Times, The Wall Street Journal and The Washington Post. He has spoken about water issues in Congress, the United Nations, the World Bank, Davos, Google’s headquarters, as well as dozens of universities, including Harvard, Yale and Princeton. He is the author of the award-winning, international bestseller “Let There Be Water: Israel’s Solution for a Water-Starved World”. The book has won praise from Tony Blair, Michael Bloomberg, Shimon Peres, and Robert F. Kennedy, among other global figures.

Trained as a lawyer, Mr. Siegel left the law after six years to pursue a business career. The company he co-founded became a worldwide enterprise representing such global brands as Harley-Davidson, AT&T and Coca-Cola, finally being sold to Ford Motor Company. Seth has since devoted the bulk of his energies to community service, while helping to incubate companies in financial services, real estate brokerage and digital entertainment.

Tom Iovino

Mr. Iovino is a successful entrepreneur with over 40 years of experience as a visionary leader in the construction and infrastructure industry. He is the Founder and Chief Executive Officer of Iovino Enterprises, the parent company to several successful construction companies: MLJ Contracting, J-Track, TC Electric, and Welkin Mechanical. These companies perform civil and general contracting, track, signal, and mechanical work in the New York metro area. Prior to Iovino Enterprises, he served as Chief Executive Officer of OHL North America, a leading national construction firm and major subsidiary to the OHL Group, headquartered in Madrid, Spain. Mr. Iovino oversaw the operations of OHL North America and its divisions, including Judlau Contracting, Inc. (which he founded in 1981), OHL USA, OHL Canada, Community Asphalt, OHL Building and OHL Arellano. He is also a member of YPO Gold and the Construction Industry Roundtable. In 2002, Mr. Iovino founded the iF Foundation, which seeks to improve the health and well-being of families in Northern Haiti. He received his bachelor’s and master’s degrees in civil engineering from Rensselaer Polytechnic Institute, where he also served on the board, and is a registered professional engineer in New York.

Tom Rooney

Mr. Rooney has an extensive track record as a CEO leading both public and private corporations, with significant experience in the water and renewable energy industries. From 2011 to 2015, Mr. Rooney served as CEO of Energy Recovery, Inc. (NASDAQ: ERII), the global leader in developing and manufacturing innovative, hi-tech devices to capture and reuse energy in pressurized fluids. Prior to this, in 2009 Mr. Rooney was recruited to lead the turnaround of SPG Holdings, Inc., one of the largest solar integrators in the United States, with $100m in revenue and ~180 employees. Mr. Rooney was responsible for managing SPG’s transformation from a founder-led organization to a professional, executive-driven corporation focused on high growth with high profitability.

From 2003 to 2007, Mr. Rooney served as CEO of Insituform Technologies, Inc, a $600m, 3,000-employee publicly-traded company, today known as Aegion Technologies. The company is a global leader in sophisticated plastics and infrastructure technologies for the municipal water sector, industrial manufacturers, and oil and gas companies worldwide. Since 2017, Mr. Rooney has served as non-Executive Chairman of Synagro, a portfolio company of EQT Partners, and the largest recycler of organic waste in the United States. Prior to his career in the infrastructure industry, Mr. Rooney held several leadership roles in the construction industry at Gilbanehroug Building Co, Centex Corporation, and Turner Construction Company. Mr. Rooney has served on the Technology Advisory Board of Advanced Energy Industries, Inc. and currently serves on the Board of Directors of the International Centre for Democratic Transition, a global organization comprised of 25 former prime ministers, ministry officials, ambassadors, royalty and business leaders.

Mr. Rooney has published articles in the New York Times, Boston Globe, Los Angeles Times, Washington Times, C|NET, Engineering News Record, Construction Financial Management Association magazine and other worldwide publications. He has been a frequent business speaker and commentator for NBC, CNBC, Bloomberg, Fox Business New, CSPAN, and NPR. Mr. Rooney holds an MBA from the University of Chicago and a B.S. in Civil Engineering from Cornell University. He has completed the Directors Program on Public Company Compensation at Harvard Business School and the Directors College & Corporate Governance Programs at Stanford University.

Henry Cordes

Mr. Cordes joined Sciens in 2016 and is responsible for research and due diligence of investment opportunities for the Partnership and the Parallel Funds. He previously was a Research Analyst at Albourne Partners, leading the firm’s infrastructure and mining investment due diligence and advisory practice. He has over 8 years of real assets investment and advisory experience. Mr. Cordes received a B.A. in Classical Civilization from Yale College and is a CFA Charterholder.

Heramb Ramachandran

Mr. Ramachandran joined Sciens in 2020 and is responsible for the financial oversight of Sciens Water and its portfolio of investments. Prior to Sciens, Mr. Ramachandran was Chief Financial Officer at XPV Water Partners and a member of the firm’s Investment Committee overseeing the acquisition and integration of numerous portfolio companies. Mr. Ramachandran was also Director of Finance for Manulife Financial where he built the financial operations for a newly launched real assets investment platform. Mr. Ramachandran began his career in the audit practice at KPMG and has over 15 years of corporate finance experience. Mr. Ramachandran received a Bachelor of Mathematics and Master’s of Accountancy from the University of Waterloo and is a Chartered Accountant (CA) and Chartered Professional Accountant (CPA).

Daniel Standen

Mr. Standen is a Partner at Sciens Capital Management, where he co-manages the group’s private investment activities. Mr. Standen serves on the board of directors and investment committee of each of Sciens’ real assets funds, as well as the boards of a number of the group’s other portfolio companies. Prior to joining Sciens in 1999, Mr. Standen was a lawyer at Clifford Chance, LLP in New York. Mr. Standen received a joint J.D./L.L.M. degree from the Duke University School of Law and a B.A. from New York University.

John Rigas

Mr. Rigas is the founder and principal shareholder of the Sciens Group of Companies and serves as the Group’s Chairman and Chief Executive Officer. Mr. Rigas has broad experience since 1994 in managing alternative assets including private equity, venture capital, real assets and hedge funds. Since inception of Sciens’ business in investing in the real assets sector in 2007, Mr. Rigas has directed the Sciens private equity team in completing numerous investments in real assets and portfolio companies in a variety of industries and in the creation of numerous investment funds in a broad array of asset classes, including aviation, shipping, coloured diamonds and other infrastructure assets. Mr. Rigas serves on the board of directors and investment committee of each of Sciens’ real assets funds, as well as the boards of a number of the group’s other portfolio companies. Mr. Rigas received a Bachelor’s degree from Colorado College

Alex Loucopoulos

Mr. Loucopoulos joined Sciens in 2005 and was a founding member of the firm’s real asset investing platform and for the last five years he has been focused on building Sciens Water. Mr. Loucopoulos has over twelve years of establishing various real assets funds including water, aviation, maritime, coloured stones, energy infrastructure and real estate. Prior to Sciens, Mr. Loucopoulos was part of the founding team of UGO Networks and served as its Vice President of Corporate Development. Mr. Loucopoulos also worked as a consultant to Tony Fernandes, the CEO and founder of AirAsia, as well as for NBC in its broadcast of the 28th Olympiad. Mr. Loucopoulos began his career at JPMorgan as an Investment Banker specializing in Mergers and Acquisitions in Latin America. Mr. Loucopoulos received a cum laude B.S.F.S. from Georgetown University’s School of Foreign Service and an M.B.A. from the MIT-Sloan School of Management, where he was a Martin Trust fellow.

Results

#2. The United States has a system of nearly 4 million miles of Water and Wastewater pipes that underpin the whole water infrastructure. How many miles of pipes were built before Warren Harding was president?

Source: https://www.awwa.org/Portals/0/AWWA/-Government/BuriedNoLonger.pdf

#3. What is the median age of the 90,000 dams in the United States

#4. The United States has a population of ~350 million and has over 70,000 Water and Wastewater utilities. How many Water and Wastewater systems are there in the UK (population of ~70 million)?

Source: https://discoverwater.co.uk/water-sector

#5. In the US there are on average 850 water main breaks per day causing Billions of gallons to be lost in a day. Based on industry participants what % of total water is lost to leakage in the US?

Source: https://www.epa.gov/sites/default/files/2015-04/documents/epa816f13002.pdf

#6. The average monthly water bill in the US is around $50. Which country has cheaper residential water rates than the United States?

Source: https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/us-water-infrastructure-making-funding-count

#7. Between 7-8% of the US population (~25 million people) in any given year report unsafe or don't have clean water. What % of adult US population does not have a cell phone?

Source: https://www.pewresearch.org/internet/fact-sheet/mobile

#8. What US city uses this manhole cover for its sewer system?

#9. The American Society of Civil Engineers gave US Wastewater a D+ grade on its infrastructure in 2017. What score did they give in 2021?

Source: https://infrastructurereportcard.org/cat-item/wastewater-infrastructure

#10. Which major U.S financial institution was founded as a Water Utility?

Source: https://www.jpmorganchase.com/about/our-history

Results

#2. The United States has a system of nearly 4 million miles of Water and Wastewater pipes that underpin the whole water infrastructure. How many miles of pipes were built before Warren Harding was president?Source: https://www.awwa.org/Portals/0/AWWA/-Government/BuriedNoLonger.pdf

#3. What is the median age of the 90,000 dams in the United States

#4. The United States has a population of ~350 million and has over 70,000 Water and Wastewater utilities. How many Water and Wastewater systems are there in the UK (population of ~70 million)?Source: https://discoverwater.co.uk/water-sector

#5. In the US there are on average 850 water main breaks per day causing Billions of gallons to be lost in a day. Based on industry participants what % of total water is lost to leakage in the US?Source: https://www.epa.gov/sites/default/files/2015-04/documents/epa816f13002.pdf

#6. The average monthly water bill in the US is around $50. Which country has cheaper residential water rates than the United States?Source: https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/us-water-infrastructure-making-funding-count

#7. Between 7-8% of the US population (~25 million people) in any given year report unsafe or don't have clean water. What % of adult US population does not have a cell phone? Source: https://www.pewresearch.org/internet/fact-sheet/mobile