About the job
About the Role
Novo Holdings is hiring an Associate for the Real Assets investment team in Copenhagen. This group sits within the Capital Investment division, which manages about half of Novo Holdings’ investable assets outside the life sciences sector. The Capital Investment division covers listed equities, credits and bonds, private equity, and real assets. The team includes around 20 investment professionals and is growing.
What You Will Do
As an Associate in Real Assets, you will work closely with colleagues to support and execute Novo Holdings' Real Asset strategy. The focus is on building a balanced portfolio with a strong commitment to responsible investing. The Real Assets portfolio is valued at approximately DKK 30 billion and is expected to expand significantly.
The team invests in infrastructure, green transition, and real estate assets that offer stability and intrinsic value. Most investments are in Europe and North America, with select opportunities in Asia. Capital is deployed through external managers, co-investments with partners, and direct investments.
Key Responsibilities
- Analyze markets and conduct due diligence on potential investments, including commercial, legal, tax, and technical aspects.
- Develop financial models, perform valuations, and help structure investments.
- Create materials for internal decision-making.
- Maintain and develop the investment pipeline.
- Assist in shaping investment views and theses for the Real Assets portfolio.
- Help manage assets from completed investments.
Some travel may be required for this position.
Why Join Novo Holdings
This role offers the chance to grow professionally and personally within an international organization. The Real Assets team provides exposure to a diverse investment approach and a collaborative environment.

