ASSOCIATE DIRECTOR, GOVERNEMENT FUNDS

BDC • Montreal, QC

9d • Hybrid

About The Position

The Government Funds team at BDC manages capital on behalf of the Government of Canada to strengthen and grow Canada’s venture capital market. This includes deploying $350M under the Venture Capital Action Plan (VCAP), $450M under the Venture Capital Catalyst Initiative (VCCI), and $450M under the Renewed Venture Capital Catalyst Initiative (Renewed VCCI). These programs totalling $1.2B AUM are designed to crowd in private capital and support fund managers across the Canadian venture capital asset class. Building on this foundation, BDC is now deploying the $1B Growth Venture Capital Catalyst Initiative (Growth VCCI), a landmark platform focused on scaling Canada’s most promising funds and innovative companies. This is a unique opportunity to work at the intersection of investment, policy, and ecosystem development, with direct exposure to the most prominent Canadian fund managers while contributing to a national priority initiative shaping Canada’s innovation economy. As an Associate Director, you will combine investment judgment, governance expertise, and relationship management to support the deployment and oversight of government-backed venture capital programs, including VCAP, VCCI, Renewed VCCI, and upcoming Growth VCCI. You will play a central role in investment execution, fund oversight, and portfolio management, while engaging closely with fund managers, institutional partners, and internal and stakeholders including Government.

Requirements

• Minimum of a Bachelor degree in Commerce or a related discipline (finance, accounting, law or business administration preferred), or an equivalent combination of academic training and relevant professional experience
• 5 years+ experience in venture capital, private equity, or growth investing, with direct exposure to deal-making at the fund and/or company level as well as investment underwriting, structuring, business and legal negotiations and execution
• Experience in governance roles, including participation in LPACs and/or Board-level or equivalent oversight experience
• Strong understanding of fund structures, LPAs, governance frameworks, and performance dynamics
• Ability to manage complex stakeholder relationships with fund managers and institutional partners
• Strong analytical and investment judgment
• Excellent communication and influencing skills
• High level of rigour, organisation, and attention to detail
• Ability to operate in a fast-paced, multi-stakeholder environment
• Collaborative mindset with a commitment to team development and excellence

Responsibilities

• Lead investment processes across fund commitments in the context of a competitive call for expressions of interest on behalf of the Government
• Contribute to deal underwriting, structuring, negotiation, and closing processes, including engagement in legal negotiations from a business perspective and alignment on terms with fund managers
• Serve as a representative on portfolio funds’ LPACs
• Monitor fund performance, governance, and compliance with fund agreements and program requirements
• Provide strategic insight and constructive challenge to enhance fund outcomes
• Build and maintain strong relationships with fund managers, ecosystem stakeholders, and government partners
• Stay closely connected to venture capital trends and market developments
• Represent BDC in the ecosystem to strengthen program visibility and impact
• Contribute to the delivery and continuous improvement of program frameworks, processes, and governance standards
• Support the preparation of quarterly and annual reporting, performance dashboards, and stakeholder communications
• Ensure high standards of rigour, accuracy, and timeliness in all reporting outputs
• Mentor and support junior team members
• Contribute to a collaborative, high-performance culture

Benefits

• Flexible and competitive benefits
• Employee Savings and Investment Plan where BDC matches part of your voluntary contributions
• Defined Benefit Pension Plan
• $750 wellness and health care spending account
• Paid vacation each year
• Five personal days
• Sick days as necessary
• Offices are closed from December 25 to January 1
• Hybrid work model
• Opportunities for learning, training and development

What This Job Offers

• Job Type: Full-time
• Career Level: Director