Associate

Locust Walk is a global investment bank that partners with founders, executives, and board members to drive strategic transactions and create newcos to finance innovation. Our 17-year history of success was forged through our Co-founder MentalityTM focused on innovators, our local on the ground presence in Boston, San Francisco, Tokyo, and Beijing, and our deep understanding of how science and data translate into actionable transactions and business strategy.

We are proud to announce the launch of Banyan BioInnovations, an investment firm powered by Locust Walk that leverages global sourcing and on-the-ground presence in the U.S., China, and Japan to create clinical-stage companies around best or first-in-class drug candidates. Banyan Bio deploys a veteran centralized development team and turnkey infrastructure to optimize clinical and regulatory execution, guiding each asset through key value inflection points. Banyan Bio’s differentiated and collaborative approach ensures that the drug’s originator, investors, our NewCos, and patients all win together.

The launch of Banyan Bio means that joining Locust Walk today puts you at the center of both a leading life sciences investment bank and a differentiated investment firm building the next generation of biotech companies — a combination unlike anything else in the industry.

We look for entrepreneurial, growth-oriented individuals who are committed to the success of others.? We have a high-performance culture that rewards creative solutions to daily challenges, as well as a strong work ethic while enjoying the ride. Locust Walk offers a mindful work-life balance within the context of an investment bank.?We have a hybrid schedule with 3 days a week in-office and 2 days a week work-from-home. We believe this hybrid in-office culture is critical for our culture of mentorship and promotion from within. We are open and honest with each other and transparent in our dealings.

If you are looking to build your career with a fast-growing investment bank and newco creation shop with significant upside potential in position, responsibility, and compensation, we’re looking for you. Our Associates have a strong passion for life sciences and all know this is the career they want long term; in fact, this role is “Partner Track” as we look to find the future leaders of the firm from within.

You will have the opportunity to work with multiple clients simultaneously on sell-side transactions to global biopharma and on Banyan Bio’s NewCo opportunities — co-founding asset-centric companies around clinically validated programs sourced globally and advancing them through defined value inflection points. This dual mandate creates optionality for clients and unparalleled breadth of experience for you, diversifying your skill set across advisory, company creation, and clinical-stage investing.

The hours are more manageable than a typical Wall Street investment bank, the work more execution oriented than a consulting firm, and the atmosphere and work environment more fast paced than working inside a company with a collaborative approach.

The focus for the Associate is to play a key role in executing the Firm’s engagements and newcos. Our projects range from executing strategic partnership deals, M&A transactions, and creating clinical stage Asset-based newcos through Banyan Bio, our newly launched investment firm that forms clinical-stage NewCos around high-potential drug candidates sourced from the U.S., China, and Japan.

For our banking deals, Associate is responsible for leading execution and overseeing deliverables and analysis generated by Analysts, identifying, and managing discussions with target partners, reviewing and driving financial analysis, and supporting deal negotiations and closing. They conduct outreach to potential partners, coordinate partner conversations, and play an active role in generating interest in and concluding a deal. The Associate is often tasked with managing all aspects of the day-to-day execution of the deal, including leading update calls with the client, and overseeing all aspects of the Analyst’s work. When times get particularly busy, sometimes the Associate must level up or down depending on team capacity so a true team player who is flexible and growth oriented is key. Associates will receive significant responsibility and ownership over their work, including multiple opportunities to present to both the firm and clients.

On the Banyan Bio side, Associates contribute to the full lifecycle of NewCo creation: screening and diligencing globally sourced clinical-stage assets, building management presentations and development plans, creating term sheets and valuation analysis for asset originators, drafting investment memos, and supporting the capital formation and syndication process to launch each company. Because Banyan Bio’s centralized development infrastructure handles clinical, regulatory, and CMC execution across every NewCo, Associates gain direct exposure to how clinical-stage companies are built, financed, and advanced to meaningful milestones.

Business development activities are essential to furthering our firm’s growth. An Associate will be a member of our due diligence committee with primary responsibility for conducting thorough due diligence on all potential sell-side and NewCo opportunities. They will have exposure directly to the C-suite of potential clients and asset originators for NewCos, play a role in decisionmaking around which clients and NewCos to take on, and then join those deals and NewCos for the execution phase. This part of the job is truly the intersection of a business development role at a biopharma company and venture capital firm. Associates will participate in networking events and building relationships with industry peers and prospective clients. Additionally the Associates will oversee the creation of our quarterly market conditions as well as preparing thought leadership.

Our senior deal team is dedicated to the professional growth and development of our Associates so they can rise through the ranks. Each engagement provides a new learning opportunity, and we aim to vary the team members assigned to new clients so that everyone has the chance to work with different colleagues while still gaining exposure to different transactions.

• Global team-based culture with individual accountability

• No team member is left behind: we are committed to succeeding together for the benefit of both our clients and the company

• In the spirit of caring for each other’s success, we commit to being truthful and transparent in our communication and feedback, both to clients and inside the company, and we do so with empathy and success

• We commit to thoughtful and rigorous debate and feedback at all levels of the company

• The Locust Walk Leadership Team always strives to be as transparent as possible with the company

• We thrive on challenges and are life-long learners. We are not afraid of failure, yet see it as a springboard

• Honest bi-directional feedback is important for building trusted, productive relationships. All our reviews are 360.

• Feedback should be given as soon as possible after an event or situation occurs rather than waiting for the moment to pass

• We are self-motivated to succeed and will do whatever it takes for our clients to succeed in an ethical manner

• We will always have a small firm ethos with an entrepreneurial mindset and minimized bureaucracy

• We care about and for our clients and each other

• We work hard?and?integrate fun into the core of what we do.? We all have unique interests and find common ways of sharing that with each other

• Wins are celebrated

• It’s about the journey, not the destination

Our firm has a multi-part compensation structure:

• We pay a competitive base with other transaction focused professional services firms

• Every person at Locust Walk will be eligible to earn a bonus based on exceptional individual and firm performance that encourages both accountability as well as teamwork and helping to grow the overall business

• Associates and above are eligible to earn carry in Banyan BioInnovations

• We offer a competitive Total Benefits package which includes health, dental, and vision, as well as other great competitive benefits

• We have a flexible vacation policy on top of 12 official company holidays

• We offer a 401k match

• Hybrid work schedule (Tuesday through Thursday in office)

Visit our website at www.locustwalk.com. Please email careers@locustwalk.com with your resume.