The Opportunity
OTPP seeks a highly motivated individual, with a track record of successful venture growth investment experience and a strong professional network, to join the TVG North America team in San Francisco as a Director.
Ontario Teachers' Pension Plan (OTPP) is a global investor with net assets of $247.5 billion as at December 31, 2023. We invest in a broad array of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture growth to deliver retirement income for 340,000 working members and pensioners. We are a fully funded defined benefit pension plan and have earned an annual total-fund net return of 9.3% since the plan's founding in 1990. At Ontario Teachers', we don't just invest to make a return, we invest to shape a better future for the teachers we serve, the businesses we back, and the world we live in.
Teachers' Venture Growth (TVG) is the division of OTPP focused on investing in high-growth technology companies. TVG’s 35 investors work from offices in San Francisco, Toronto, London, Hong Kong, Singapore and Mumbai. Our mission is to support and scale innovative companies, while delivering outsized risk adjusted returns for our members. TVG focuses on investing into companies with established product market fit, and where our initial commitments may range from $50M - $250M of equity. Specific sectors of investment focus include: enterprise software, climate / energy transition, healthcare, and financial services.
What you'll do
Develop and articulate investment theses that align with TVG's investment mandate- businesses leveraging technology to build large scale companies with enduring advantages.
Lead or support in all aspects of venture growth investing from origination, screening, due diligence, structuring, negotiation, to portfolio management and exit.
Negotiate transaction documents and ensure successful deal closures.
Present investment recommendations to the relevant internal committees.
Establish and build effective relationships within the venture capital ecosystem, including with startups, venture funds, corporate partners and other service providers.
Be able to develop deep knowledge of the economic/characteristics, conditions and trends of a wide range of industries and their investment characteristics.
Ability to adapt to and embrace OTPP’s strengths based culture, including mentoring junior investment talent, fostering a culture of teamwork, collaboration, continuous learning and personal growth.
Serve as a director on TVG portfolio company boards where appropriate, providing strategic guidance and support.
Collaborate across OTPP asset classes to leverage synergies and drive value creation.
Manage internal responsibilities of portfolio management, including portfolio valuation work, various reporting requirements and internal presentations on key technological themes / trends
What you'll bring
10+ years of professional venture / growth equity investment experience.
Demonstrated experience leading all aspects of venture growth investing from origination, screening, due diligence, structuring, negotiation, to portfolio management and exit.
Extensive professional network and relationships across the North American technology venture ecosystem.
Proven track record of sound investment judgment and portfolio company support delivering successful outcomes.
Excellent analytical and quantitative skills and ability to perform in-depth analysis.
Strong negotiation skills including leading transaction document negotiations.
Curious, entrepreneurial, self-motivated, results and growth oriented.
Experience as an operator in a high growth technology company is a plus.
Embraces developing junior talent and managing investment teams
History of board director service, providing valuable strategic guidance and insights.
Excellent collaboration skills and ability to work across different asset classes within OTPP.
Ability to travel, as required
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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
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
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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Functional Areas:
Investments
6049
