Associate Principal - Montréal, Canada - Business Development Bank of Canada

Business Development Bank of Canada

Verified Company

Montréal, Canada

4 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

No other bank is doing what we do.

At BDC, we help Canada and its entrepreneurs create a prosperous, inclusive and green economy. Our mission is to help Canadian businesses thrive by providing financing, capital and advisory services. We're devoted to Canadian entrepreneurs. We're also dedicated to our employees. Adaptable. Inspiring. Different. There's a reason we like to work here, and we think you'll like it too. Join BDC and help make a difference

Diversity. Equity. Inclusion. They're more than just words for BDC.

These concepts are foundational to our success and to our ability to attract, retain, mobilize and develop the right talent, as well as to offer a healthy, professional and collaborative environment.

We are committed to cultivating and preserving an environment where all employees can thrive, and, for over a decade, we have been recognized as one of Canada's Top 100 Employers and one of Canada's Best Diversity Employers.

In recruiting for our team, we welcome the unique contributions that you can bring in terms of your education, opinions, culture, ethnicity, race, sex, gender identity and expression, nation of origin, age, languages spoken, veteran's status, color, religion, disability, sexual orientation, beliefs, experiences, and more.

POSITION OVERVIEW

The Associate Principal join one of our funds as a professional committed to the investment career, who will start sourcing potential deals, oversee their due diligence, and take responsibility for their performance in the portfolio.

The Growth Venture Co-Investment Fund (GVCF) 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 GVCF II 350M$ growth stage 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 GVCF team currently manages 26 active late stage companies. Total AUM is over 500M$.

In this role, you will develop your ability to lead a deal end-to-end.

You will manage key team members in due diligence and investee support, contributing to a portfolio whose investments ultimately shape the future of the Canadian economy.

You are expected to understand the big picture of the investment process, represent BDC Capital professionally before its partners, and bridge the ability to coach Analysts and Associates, with the ability to manage upwards and progressively take Partner responsibilities.

CHALLENGES TO BE MET

Deal Sourcing- Analyze underlying portfolio of partner funds to identify promising opportunities for follow-on investments and track upcoming fund raises- Build and maintain networks within the investment community, acting as an ambassador for the fund, BDC Capital and BDC

Deal Making- Coordinate due diligence for new and/or existing investment opportunities by orchestrating analyses such as market, competition, management, sales, products, capitalization tables, and anything that is relevant to determining potential business value and exit strategies- Conduct reference calls with competitors, clients, industry experts, and prospect companies' current or past employees- Follow-up on investments using appropriate databases, customer interactions, internet sites, research reports and other investment resources- Validate, audit and fact-check information provided by companies Produce Investment Memos and support Partners in presenting opportunities to the Investment Committee- Review and comment on legal agreements negotiated by the deal's lead

Portfolio Management & Support- Assist Partners in managing efficient ongoing relationships with executives of investee companies, promptly responding to all inquiries in a courteous and efficient manner- Stand responsible for a few companies to monitor and provide value-added support, taking charge of operational communication, participating in board meetings as an observer, and keeping abreast of developments to escalate critical issues to Partners- Monitor portfolio performance, comparing performance to forecasts and models, and relaying potential opportunities and issues to management- Assist portfolio companies with introductions (e.g. potential suppliers, investors, employees), governance, financing, strategic planning, marketing, and other operational topics

Platform Building- Ensure that new and existing investment research files, business plans, and periodic performance reports provided by companies, as well as any other information collected by the investment team, are maintained in conformity with BDC's policies and procedures- Review quarterly/bi-annual reports and value assessments made by Analysts and Associates, before Partner sign-off- Coach Analysts and Associates to ensure the quality of deliverables and support alignment with formal procedures such as KYC, AML, delegation of authority, and capital calls- Assist on o