Managing Director, Partnership Portfolio

bci; Victoria; Sur place; CAD 250 000 - 500 000; Plein temps

Résumé du poste

British Columbia Investment Management Corporation (BCI) seeks a Managing Director to lead private credit and structured capital investments. Reporting to the Senior Managing Director, Partnership Portfolio, you will originate, underwrite, structure, negotiate and manage investments across fund, co‑investment and direct vehicles.

Deep credit expertise and hands‑on experience with debt and equity hybrids are essential.

Qualifications

• Twelve plus years of experience in private credit and related investments.
• Proven ability to originate, underwrite, structure and manage complex transactions.
• Strong modelling and cash-flow analysis capabilities.

Responsabilités

• Lead origination, underwriting, structuring and management of private credit investments.
• Negotiate terms and manage investments through exit.
• Develop portfolio strategy and partnerships with external managers.

Connaissances

Private credit

Co-investment

Underwriting

Structured finance

Financial modelling

Portfolio strategy

Relationship building

Description du poste

About Us:

With $313.7 billion of gross assets under management, as of March 31, 2026, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia's public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries.

Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai.

BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture. To learn more about our culture and values, visit our BCI Values in Action page.

POSTING CLOSE DATE:

November 9, 2026

THE OPPORTUNITY

Reporting to the Senior Managing Director, Partnership Portfolio, the Managing Director is a senior investment leader within a dedicated team of 12+ investment professionals managing investment commitments of approximately C$25 billion.

The Managing Director, together with other senior investment staff, will lead the origination, underwriting, structuring, negotiation and management of, primarily, private credit and structured capital investments through fund, co-investment and direct investment structures. The role requires deep credit expertise and hands‑on experience across senior and junior debt, mezzanine financing, preferred equity, convertible instruments and other debt‑equity hybrids.

The Managing Director, together with other senior investment staff, are accountable for investment recommendations and the management of assigned exposures throughout their life cycle. The role requires strong investment judgment with a focus on principal protection, contractual cash flows and attractive absolute returns. It also carries responsibility for developing investment partnerships, shaping portfolio strategy as well as leading, mentoring and partnering with other investment professionals across the team.

WHO YOU WILL WORK WITH

The Capital Markets & Credit Investments (CM&CI) department manages C$165B of capital markets and credit investments (56% of total net AUM of BCI). The department invests globally across Credit, Equities, Fixed Income, Derivatives, and Absolute Return Strategies, with investment teams located in BCI's global offices in Victoria, Vancouver, New York, and London. As a leader in responsible investing, CM&CI actively integrates ESG factors into investment analysis and decision‑making processes across all strategies.

The Partnership Portfolio team's activities include managing absolute return investments through the Global Partnership Fund (GPF). The team operates a partnership model, investing through and alongside external managers and other partners in alternative asset classes, primarily across private credit, structured capital and other specialized opportunities. This includes fund commitments with a significant focus on co‑investments and direct transactions that allow greater influence over asset selection, investment terms and downside protection. The team pairs external expertise with independent underwriting and active portfolio Management across sectors and investment structures.

WHAT YOU BRING

• Typically, 12+ years of relevant experience, including substantial co‑investment or direct investment responsibility in private credit and a demonstrated record of originating, underwriting, structuring and managing complex transactions through to exit at a senior level.
• Deep expertise in private credit, including cash‑flow lending, asset‑backed financing, subordinated debt and bespoke capital solutions, with a strong command of capital structures, creditor priority, collateral, guarantees, covenants and intercreditor arrangements. Experience with stressed credits, restructurings or workouts is an asset.
• Demonstrated experience in structured equity and debt‑equity hybrids, including preferred equity, convertible securities and investments with negotiated downside protection and equity participation, together with the liquidation preferences, distribution rights, redemption provisions and governance protections relevant to these instruments.
• Strong independent underwriting judgment and advanced financial modelling skills, with the ability to challenge business forecasts, assess collateral and enterprise value, evaluate cash and payment‑in‑kind returns, equity participation and exit assumptions, and assess repayment and recovery under downside scenarios.
• Established relationships with private credit managers, financial sponsors, lenders, intermediaries and advisers, and a demonstrated ability to convert relationships into investment opportunities by evaluating manager capabilities, al