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Michelle Yi

@michelleyi

Investment Associate at CVS Health Ventures evaluating fund commitments and ranking 20+ strategic investors.

At CVS Health Ventures, I evaluate fund manager commitments for a health-focused fund-of-funds program, assessing attribution, portfolio construction, and performance benchmarks to recommend commitment sizing to the investment committee. I also built a framework ranking 20+ corporate venture and strategic investors by strategic fit and co-investment potential.

Previously, at NGP Capital, I modeled capital calls and distributions across $1.5B+ in commitments and developed pacing frameworks that improved forecast accuracy by about 10%. At Visa, I built U.S. economic and consumer spending forecasts that generated $2.3M in annual client revenue.

Experience

Work history, roles, and key accomplishments

Current

Associate

Current

CVS Health Ventures

May 2026 - Present (6 months)

Diligence fund manager commitments for a ~$600M health-focused fund-of-funds program, evaluating GP attribution, portfolio construction, and TVPI/DPI/RVPI. Map the U.S. health investment landscape and build an investment database profiling 20+ CVC programs.

Fund of Funds Due Diligence Portfolio Construction TVPI DPI RVPI Investment Analysis Strategic Partnerships

Portfolio Analyst

NGP Capital

Jul 2025 - May 2026 (10 months)

Diligenced new fund and fund-of-funds commitments ($5M – $100M), assessing GP track record and return attribution. Owned capital call and distribution modeling across $1.5B+ in commitments, improving forecast accuracy ~10%.

Pitchbook Preqin Carta Fund of Funds Due Diligence Financial Modeling TVPI DPI RVPI IRR MOIC

US Economic Analyst

Visa Inc.

Jan 2024 - Jun 2025 (1 year 5 months)

Built U.S. macro and consumer spending forecasting models generating $2.3M in annual client revenue. Led U.S. regional forecasting across 10+ geographies and co-authored quarterly economic outlooks.

Economic Forecasting Data Analysis Financial Modeling R Tableau Bloomberg Haver

Equity Research Analyst Intern

Wall Street Oasis

Apr 2024 - Sep 2024 (5 months)

Built 3-statement, DCF, and comparable company models for fintech coverage; published theses reaching 140,000+ readers.

Financial Modeling DCF Comparable Company Analysis (CCA)Equity Research Fintech

Client Consulting Associate Analyst

Visa Inc.

Jun 2022 - Dec 2023 (1 year 6 months)

Analyzed P&L and sales forecasts for 40+ issuer clients, doubling program revenue while cutting costs 50%.

P&L Analysis Sales Forecasting Client Consulting Financial Analysis

Campus Partner

Ground Up Ventures

Jan 2020 - Sep 2020 (8 months)

Sourced, diligenced, and closed 2 pre-seed/seed fintech investments; screened 200+ early-stage companies.

Venture Capital Deal Sourcing Due Diligence Fintech Early Stage Investing

Education

Degrees, certifications, and relevant coursework

The University of Chicago

Bachelor of Arts, Economics

Activities and societies: Research Assistant for a professor

Bachelor of Arts in Economics with a minor in Cinema and Media Studies, Class of 2022. Served as a Research Assistant for a professor, applying critical thinking and creative problem-solving skills.