Insights on BCI
Hi all, was wondering if anyone had any insights into the direct investing private equity group at BCI. Mainly curious about the culture, worklife balance, and pay.
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In the past ~5 years they switched from a secondaries based model to a direct PE model and have been expanding very aggressively. They do very well in Canada and are actively looking at expanding further into the United States. Hours are still long (think 1am most nights), however it gets better as you progress up the chain. Also important to note they are located in Victoria not Vancouver so lower CoL however also a trade-off from a more "city" type of lifestyle.
Just wondering, you intern there before?
I haven't personally worked there but know more than one junior and a few people who have interned on the Direct PE team
How do you know the hours there? I doubt people are doing consistent 1ams.
have a buddy there right now -- its 1am during the week
Interviewed with them. They mainly only hire Canadians, but are supposedly opening a US office later this year. Part of the wave of Canadian pensions focusing more on direct PE, BCI still has a decent chunk of money in direct PE, I want to say it was like $15-20B, it's on their website. Mix of direct and co-invest, they get ops from the funds they invest in, like all pensions. I think it's more co-invest than they'd like to admit.
People seemed nice, surprised to hear the comment about the analyst working until 1am, but don't have any real feel for that. The analysts they hired didn't look to have traditional banking backgrounds at a glance, so I didn't peg it as a highly technical shop, unlike a CPPIB where it's a lot of ex bankers/megafunders.
Overall, if you're ok with pension style PE investing, probably not a bad place to land. Victoria is a nice town, but it's remote and hard to get to from Vancouver, so not an ideal place for a young person.
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