Bitcoin Institutional Fund VP: Strategy & Growth

Lever, Inc.; Netherlands; Remote; EUR 250,000 - 500,000; Full time

Benefits offered by this job

Fully remote

Global collaboration

Performance reporting

Job summary

Lever, Inc. is seeking a VP Fund Management in the Netherlands to lead the creation, launch, and growth of an institutional BTC-denominated investment fund. You will own strategy, risk framework, investor relations, and regulatory governance from the ground up in a global, remote-first setup.

You will drive capital raising, design fund structures, oversee NAV reporting, and manage external service providers with a focus on capital preservation and BTC-based performance.

Responsibilities

• Define the fund's investment strategy: Establish the investment mandate, portfolio construction methodology, asset allocation policy, and investment limits, securing board approval and aligning decisions with the objective of delivering risk-adjusted returns measured in BTC while prioritizing principal preservation.
• Build and manage the investment portfolio: Source, evaluate, and execute investment opportunities across BTC-collateralized lending, market-neutral and basis strategies, liquidity provision, and yield-generating opportunities across Bitcoin-aligned financial platforms.
• Lead investment due diligence: Assess investment counterparties, protocols, custodians, and trading venues, evaluating creditworthiness, smart-contract vulnerabilities, bridge risks, custody arrangements, and liquidation mechanisms.
• Oversee portfolio performance: Monitor investments and exposures, evaluate strategy-level returns, and deliver transparent performance attribution and reporting denominated in Bitcoin.
• Establish the risk management framework: Define and implement exposure limits, concentration thresholds, liquidity requirements, collateral haircuts, drawdown triggers, and escalation procedures in collaboration with the risk management function.
• Protect capital through active risk monitoring: Conduct daily portfolio reviews and stress tests covering Bitcoin price shocks, liquidity disruptions, counterparty or venue failures, stablecoin depegging, and protocol-related risks.
• Manage liquidity and redemptions: Maintain an appropriate liquidity profile aligned with investor redemption terms, ensuring the fund can meet its obligations while preserving portfolio stability.
• Lead fundraising and investor relations: Develop relationships with Layer 1 (L1) foundations, ecosystem funds, treasury managers, and institutional allocators to secure commitments and achieve the target of $500 million in committed capital within 12 months of launch.
• Structure investor arrangements: Develop suitable share classes, side letters, and investment terms that accommodate foundation treasuries and institutional investors while complying with applicable marketing and solicitation requirements.
• Oversee investor communications: Produce monthly investor reports and quarterly investment letters, lead investor calls and annual meetings, and maintain transparent communication regarding performance, portfolio positioning, and risk.
• Direct fund governance and compliance: Work with the board, independent directors, anti-money laundering officers, legal counsel, administrators, and auditors to maintain effective governance and meet applicable regulatory obligations.
• Manage fund documentation and valuation: Oversee offering documents, valuation policies, and net asset value (NAV) calculation processes in coordination with the fund administrator.
• Ensure regulatory compliance: Oversee applicable Cayman Islands Monetary Authority (CIMA) filings, investor AML/KYC procedures, annual audits, and ongoing regulatory reporting.
• Manage external service providers: Select and oversee custodians, prime brokers, OTC trading desks, fund administrators, auditors, and on-chain infrastructure providers.
• Build and lead the fund team: Recruit, develop, and manage a lean team spanning investment analysis, risk management, and operations as the fund scales.
• Represent the fund across the ecosystem: Serve as the senior investment representative in relationships with Bitcoin and L1 ecosystems, institutional partners, and investors, translating market demand into insights that inform product development and strategic priorities.

Job description

Lever, Inc. is seeking a VP Fund Management in the Netherlands to lead the creation, launch, and growth of an institutional BTC-denominated investment fund. You will own strategy, risk framework, investor relations, and regulatory governance from the ground up in a global, remote-first setup.

You will drive capital raising, design fund structures, oversee NAV reporting, and manage external service providers with a focus on capital preservation and BTC-based performance.