Managing Partner, Life Sciences 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 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

The new Life Sciences Fund at BDC Capital is designed to strengthen Canadas innovation ecosystem by providing early-stage venture capital to companies in the life sciences sector. Its focus will be on high-potential areas such as biotherapeutics medical technologies and related innovations that improve patient outcomes and reduce healthcare costs. This fund is part of BDCs broader strategy to support sectors critical to Canadas economic resilience and competitiveness. By targeting early-stage businesses and leveraging co-investment opportunities the fund aims to accelerate commercialization attract private investment and foster scalable growth in Canadian life sciences ventures.

The Managing Partner heads the fund standing ultimately responsible for building the team the fund strategy portfolio performance and BDC Capitals relationships.

In this role you will own the success of a 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 Sourcing

Build and maintain wide and strong networks within the business and investment community raising the profile of the fund as a prime investor

Build and leverage connections in the investment communities in Canada and globally to drive high quality deal flow

Attend conferences and networking activities to source opportunities on behalf of the fund and to act as an ambassador for the funds BDC Capital and BDC

Promote the fund BDC Capital and BDC by speaking at conferences publishing thought leadership material and promoting networking opportunities

Position BDC as a first-class GP and fund manager ensuring a positive experience for external LPs

Deal Making

Set the team priorities to review validate and execute due diligence activities

Delegate 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 strategies

Lead the team in the production of thorough and compelling Investment Memoranda eliciting sound rationales behind investment options and influencing the internal Investment Committee

Lead the socialization of deals at relevant Investment Committees meetings presenting investment opportunities justifying their viability and obtaining buy-in

Portfolio Management & Support

Provide updates and reporting on the funds activity to the shareholder

Provide 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 fund

Represent 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 appropriate

Lead the efficient monetization of portfolio companies rolled into the fund to maximize proceeds on exit

Platform Building

Stand responsible as the official general manager of the fund organizing it internally and leading the relationship with BDCs senior management ensuring necessary resources for the funds continuity and success

Lead the successful fund launch and maintenance by developing the funds investment thesis strategy and tactical approach

Lead the management cycle activities identifying internally hiring externally and developing high-quality team members

Foster a high performing team environment within the internal fund built on trust collaboration and high aspirations

Review recommend and approve account updates amendments and capital calls

WHAT WE ARE LOOKING FOR

Typical Background

15 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 firm

Operator roles: technology startup industry-leading corporation industry specialist

Advisory roles: consulting law corporate strategy corporate development

Bachelors degree in commerce Economics Science Technology Engineering or Mathematics (STEM). Other degrees are viable if the professional has strong analytical skills

A post-graduate degree or equivalent certification is valuable. Typical postgraduate credentials are likely to be but are not limited to:

Masters in business administration (MBA)

Other STEM Masters or PhD degree

Chartered Financial Analyst (CFA)

A successful track-record of investments in private equity venture capital or indirect investing

Technical Knowledge

Expert understanding of the deal process from sourcing to due diligence to portfolio management

Ability to build a strong network in the Canadian and international investment ecosystems sourcing deal prospects and partnership opportunities with other funds and investors

Solid understanding of financial statements and operational topics easily translating them into insights about the business

Strong 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 asset

Good ability to use other MS-suite applications efficiently mainly Word and PowerPoint

Good ability to solve problems using structured thinking and communication techniques

Ability to write and to coach a team at writing an Investment Memo that is clear concise and eloquent

Technology skills with wide applications such as coding chemistry or electronics can be an asset

Operational knowledge of any technical industry is an asset

Bilingualism in French and English is an asset particularly in presenting results and information to an executive-level audience

Behavioral Traits

Leadership to inspire and drive an experienced team towards excellence and positive results

Well-intentioned and generous attitude to coach and mentor team members at progressing in their personal and professional development

Ability to work collaboratively and build positive relationships with stakeholders within and outside BDC with a sensible approach to vertical and horizontal relationships

Interpersonal polish and strong business communication effectively influencing executive and operational audiences

Continuous learning attitude with maturity to give and take feedback constructively

Comfort working in a fast-paced environment where objectives must be met within tight deadlines

#INDHP

Proudly one of Canadas Top 100 Employers and one of Canadas 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.