City : Toronto, Canada

Category : Investments

Industry : Financial Services

Employer : Ontario Teachers’ Pension Plan - OTPP

The opportunity

As a Managing Director – Funds, Teachers’ Venture Growth (TVG), you will lead a global team of 3-4 investment professionals to deliver the TVG Global Funds Strategy. This will involve origination and execution activities for investments in new funds; execution activities for follow-on commitments; relationship management activities with our GPs; and portfolio level oversight - all working in close partnership with our Direct investment teams across our global offices.

Teachers’ Venture Growth (TVG) is an investment department within OTPP that is focused on late stage venture and growth equity investments in tech-enabled businesses. The TVG team of over 25 investment professionals employs two styles of investing to deliver on its mandate: direct investing and investing through funds. The TVG Funds portfolio currently consists of circa C$2.5Bn of commitments to some of the world’s leading venture and venture-growth investors. It is TVG’s ambition to continue to nurture and grow this portfolio in pursuit of attractive risk-adjusted returns; direct investing opportunities (co-invests and follow-ons); and insights that support the broader TVG strategy.
 

Who you’ll work with
 

As a member of TVG you will work in a dynamic, fast-paced and inclusive environment and one that embodies OTPP’s strategic ethos of agility, curiosity, courage and performance. You will also continue to foster the seamless and fluid working relationship that exists between TVG’s Funds and Direct investing teams as we leverage both styles of investing for achieving differentiated outcomes. Finally, you will serve as a member of the TVG Senior Team providing support for the delivery of the overall global TVG strategy.
 

What you’ll do

• In collaboration with the TVG Senior Team and leaders in our global offices, shape the TVG Funds strategy and operating model as they evolve over time

• Oversee the global portfolio, providing regular portfolio level analysis against our objectives of returns, direct deal flow and market insights

• Evaluate new and follow-on fund investment opportunities informed by market mapping and fund manager research that you have led

• Lead execution of fund commitments – manage key diligence streams, remaining closely engaged in the preparation of key deliverables (e.g. investment memos) while providing high- quality oversight and management of supporting TVG Funds colleagues

• Lead all aspects of fund underwriting from origination, screening, due diligence, structuring, negotiation, and preparation of internal committee materials  to GP oversight and relationship management

• Present investment recommendations to the relevant internal committees, as required

• Develop and maintain productive relationships with VCs, limited partners, and various industry organizations; otherwise build networks relevant to TVG and OTPP

• Represent OTPP at LPAC meetings, annual GP meetings and industry conferences

• Oversee the valuation, monitoring and administration of fund investments

• Support direct investment activities, as needed.  Contribute to discussion on direct investments brought for approval at TVG Investment Committee

• Partner and communicate with the global TVG team ensuring appropriate parties are kept informed and engaged on transactions or initiatives

• Commit to high quality talent management by supporting talent recruitment, retention and development. Provide staff development activities including by ensuring team members develop core technical skills and gain exposure to all facets of a transaction

• Contribute to other OTPP initiatives including initiatives designed to share the insights of TVG with the broader Investment organization

• Work cross-functionally and collaboratively with other Investment teams and support departments

• Perpetuate the culture of TVG which is founded on curiosity and collaboration

• Contribute to other OTPP initiatives integral to the TVG team.

What you’ll need

• Minimum 12+ years of relevant industry experience; (Bachelor’s degree in related field, graduate degree, MBA or other an asset)

• Experience having led the construction and post-investment management of a sizeable fund-of-funds portfolio, with a significant focus on venture, venture-growth, and growth equity funds

• Ability to leverage deep networks across the global venture and growth equity landscape, and an extensive grasp of the key players by region & subsector

• Proven experience sourcing, leading, and managing fund commitments post-investment - including as an active LPAC member; preferably also have experience evaluating LP/GP secondaries

• Track record of having anchored the formation of new fund franchises or platforms and supported their institutionalization is a strong asset

• Track record of leveraging fund partners for direct opportunities

• Experience investing through market cycles and strong grasp of current trends across various tech subsectors (fintech, life-sciences, enterprise SaaS etc.)

• Ability to develop a good knowledge of the economic/characteristics, conditions and trends of a wide range of industries and of their investment characteristics

• Experience investing globally (outside of North America) is a strong asset

• Excellent analytical and quantitative skills and ability to perform in-depth analysis

• Entrepreneurial, self-motivated, results and growth oriented mindset

• An ability to balance competing priorities, work independently with minimal direction, manage projects and thrive in a high-performance team environment

• Be relationship-savvy and able to build external relationships and act as an ambassador for Teachers’; effectively representing Teachers’ brand

• CFA designation an asset

• Advanced skills in Excel and PowerPoint

• Ability to travel frequently as required

#LI-JF1, LI-Hybrid

What we’re offering

• Pay-for-performance environment that offers competitive salary and incentive

• Numerous opportunities for professional growth and development

• Comprehensive employer paid benefits coverage

• Retirement income through a defined benefit pension plan

• The opportunity to invest back into the fund through our Deferred Incentive Program

• A flexible/hybrid work environment combining in office collaboration and remote working

• Competitive time off

• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

• Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring.  We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.  To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request (peopleandculture@otpp.com) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

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