managing partner, growth venture fund

We are banking at another level.Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.Choosing BDC as your employer also means:Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few   In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1A hybrid work model that truly balances work and personal lifeOpportunities for learning, training and development, and much more... Explore the BDC Way in our Culture Book POSITION OVERVIEWThe Managing Partner, Growth Venture Fund leads the fund, standing ultimately responsible for the fund strategy, portfolio performance, and BDC Capital's relationships. The Growth Venture Fund team operates within BDC Capital and is focused on growing and scaling the next generation of Canadian venture-backed champions. Currently investing out of the 500M$ Growth Venture Fund, our participations range from $5M to 25M in late stage (>$10M in revenues) venture capital backed companies in Canada, across a broad range of technology sectors. The Growth Venture Fund team currently manages 26 active late-stage companies. Total AUM is over 900M$.In this role, you own the success of the fund whose investments ultimately shape the future of Canadian economy. This position requires a seasoned perspective on investments and deal-making, top-notch ability to build partnerships within the investment community, and strong leadership to drive a qualified team. Your top priority is to present BDC Capital as a first-class investor to companies, corporates, LPs and other GPs, driving first-class deal flow and partnerships. CHALLENGES TO BE MET Deal SourcingBuild and maintain wide and strong networks within the business and investment community, raising the profile of the fund as a prime investorBuild and leverage connections in the investment communities in Canada and globally to drive high quality deal flowAttend conferences and networking activities, to source opportunities on behalf of the fund, and to act as an ambassador for the funds, BDC Capital and BDCPromote the fund, BDC Capital and BDC by speaking at conferences, publishing thought leadership material and promoting networking opportunitiesMaintain relationships and work with partner GPs to identify upcoming funding rounds at attractive companies, ensuring the fund's presence in the dealDeal MakingSet the team priorities to review, validate and execute due diligence activitiesDelegate as appropriate or lead complex due diligence for new and/or existing investment opportunities by orchestrating analyses such as market, competition, management, sales, products, cap table, and anything that is relevant to determining potential business value and exist strategiesLead the team in the production of thorough and compelling Investment Memoranda, eliciting sound rationales behind investment options and influencing the internal Investment CommitteeLead the socialization of deals at relevant Investment Committees' meetings, presenting investment opportunities, justifying their viability, and obtaining buy-inPortfolio Management & SupportProvide updates and reporting on the fund's activity to the shareholderProvide hands-on, value-add support (e.g., mentoring, capital introductions) to portfolio companies to support business building while developing multiple exit options and delivering top-quartile internal rate of return over the life of the fundRepresent the interests of the fund as a board observer or director of existing portfolio companies, actively influencing and supporting the management of portfolio companies when appropriateLead efficient monetization of portfolio companies rolled into the fund to maximize exit proceedsPlatform BuildingStand responsible as the official general manager of the fund, organizing it internally and leading relationship with BDC's senior management, ensuring necessary resources for the fund's continuity and successLead the successful fund launch and maintenance by developing the fund's investment thesis, strategy, and tactical approachLead the management cycle, activities, identifying internally, hiring externally, and developing high-quality team membersFoster a high performing team environment within the internal fund built on trust, collaboration, and high aspirationsReview, recommend and approve account updates, amendments, and capital callsWHAT WE ARE LOOKING FOR Typical Background15+ years of experience in a role involving structured thinking, financial analysis, and technical expertise. These profiles are likely to come from, but are not limited to:Finance roles: venture capital, private equity, investment bank, accounting firmOperator roles: technology startup, industry-leading corporation, industry specialistAdvisory roles: consulting, law, corporate strategy, corporate developmentBachelor's degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM). Other degrees are viable, if the professional has strong analytical skillsA post-graduate degree or equivalent certification is valuable. Typical post-graduate credentials are likely to be, but are not limited to:Master's in business administration (MBA)Other STEM Master's or PhD degreeChartered Financial Analyst (CFA)A successful track-record of investments in private equity, venture capital or indirect investingTechnical KnowledgeExpert understanding of the deal process, from sourcing to due diligence, to portfolio managementAbility to build a strong network in the Canadian and international investment ecosystems, sourcing deal prospects and partnership opportunities with other funds and investorsSolid understanding of financial statements and operational topics, easily translating them into insights about the businessStrong analytics skills to lead teams in building robust financial models that include sensitivity analysis and scenario modeling, as well as performing complex data analysis. Any other analytic tools and techniques are an assetGood ability to use other MS-suite applications efficiently, mainly Word and PowerPointGood ability to problem-solve using structured thinking and communication techniquesAbility to write and coach a team at writing a clear, concise and eloquent Investment MemoTechnology skills with wide application, such as coding, chemistry or electronics can be an assetOperational knowledge of any technical industry is an assetBilingualism in French and English is an asset, particularly in presenting results and information to an executive-level audienceBehavioral TraitsLeadership to inspire and drive an experienced team towards excellence and positive resultsWell-intentioned and generous attitude to coach and mentor team member at progressing in their personal and professional developmentAbility to work collaboratively and build positive relationships with stakeholders within and outside BDC, with a sensible approach to vertical and horizontal relationshipsInterpersonal polish and strong business communication, effectively influencing executive and operational audiencesContinuous learning attitude, with maturity to give and take feedback constructivelyComfort working in a fast-paced environment, with objectives to meet within tight deadline.Proudly one of Canada's Top 100 Employers and one of Canada's Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.