ASSOCIATE DIRECTOR / DIRECTOR– FUND INVESTMENTS
BDCWe 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 1 A hybrid work model that truly balances work and personal life Opportunities for learning , training and development , and much more... Explore the BDC Way in our Culture Book POSITION OVERVIEW BDC Capital With more than $6 billion under management, BDC Capital is the investment arm of BDC and a strategic partner to Canada’s most innovative and high-potential companies. As Canada’s largest and most active technology investor, BDC Capital provides equity, venture capital, and growth and transition capital to help Canadian entrepreneurs build globally competitive companies. BDC’s Defence Platform will mobilize an additional $6 billion in financing, investment and advisory solutions to support Canadian businesses and strengthen Canada’s defence and security ecosystem. Within the Platform, BDC Capital is investing through direct and indirect strategies to accelerate defence innovation, strengthen Canadian capabilities and support technologies with defence-focused or dual-use applications. Reporting to the Managing Director, Fund Investments, the Associate Director / Director, Fund Investments will play a leading role in sourcing, underwriting, executing and managing investments in venture capital and private equity funds aligned with Canada’s defence and national-sovereignty priorities. Your primary focus will be the Defence Fund Investments mandate. You will also contribute to BDC Capital’s broader fund-investment activities across stages, sectors and regions in Canada. You will lead substantial components of the investment process, develop and defend investment recommendations, manage selected GP relationships and portfolio responsibilities, and guide Associates and Analysts. You will combine institutional fund-investing judgment with a growing understanding of dual-use technologies, defence markets, procurement pathways and the Canadian and allied defence ecosystem. CHALLENGES TO BE MET Investment Sourcing and Underwriting Help source and assess high-quality venture capital and private equity fund investment opportunities, with a particular focus on defence, dual-use and deep technology. Lead significant components of GP due diligence, including assessment of investment strategy, team, track record and attribution, portfolio construction, sourcing capabilities, fund economics, terms, risks and expected returns. Analyze underlying portfolios and pipelines to assess strategy execution, concentration, market exposure and alignment with BDC’s mandate. Prepare investment memoranda and present and defend recommendations to the BDC Capital Funds Investment Committee. Guide Associates and Analysts in the analysis and execution of investment opportunities. Transaction Execution and Portfolio Management Participate in negotiations with fund managers and work with Legal and other internal teams on LPAs, side letters and investment documentation. Manage an assigned portfolio of fund investments and maintain strong relationships with GPs. Monitor financial performance, portfolio developments, organizational changes, strategy execution and emerging risks. Develop recommendations on re-ups, a…