Website The David and Lucile Packard Foundation
About The David and Lucile Packard Foundation
The David and Lucile Packard Foundation, established in 1964 by David and Lucile Packard, is a private family foundation dedicated to achieving sustainable solutions through honest, equitable, and inclusive approaches. Situated in Los Altos, California, the foundation focuses on improving the lives of children, families, and communities while safeguarding marine and terrestrial environments globally. The foundation engages in strategic grantmaking across various domains, including science, conservation, climate change, women’s reproductive health and rights, and children’s well-being. It prioritizes long-term partnerships, a deep commitment to equity, the integration of diverse knowledge and perspectives, and data-driven decision-making to significantly impact the core challenges facing society today. The foundation’s $8 billion endowment fuels innovative and impactful grantmaking worldwide.
About this Role
The Managing Director of Investments at The David and Lucile Packard Foundation plays a pivotal leadership role within the Investments team. Responsible for steering the strategy for Private Equity, with an increased focus on Venture Capital and Growth Equity, the Managing Director works closely with the Chief Investment Officer and other members of the investment team. This role necessitates engagement in industry research, attending conferences, and sourcing new investment opportunities. The incumbent will serve as a primary liaison for the foundation’s venture and growth equity engagements. Additionally, this position involves mentoring junior staff and collaborating across all investment portfolios, thereby strengthening the foundation’s financial sustainability and capacity to support its charitable missions.
Responsibilities
- Collaborate with the Foundation’s Chief Investment Officer to set and implement the portfolio strategy.
- Source, evaluate, and lead Venture and Growth investments; contribute to Private Equity investments.
- Analyze and synthesize data on specific managers and overall portfolio, articulating key findings and trends.
- Develop and maintain key relationships with fund managers and peer institutions.
- Serve as the primary point of contact for all Venture and Growth Equity relationships.
- Collaborate with other investment professionals on all areas of the Foundation’s portfolio.
- Teach and mentor junior staff.
Requirements
- A minimum of 10 years of experience in investment management within an Endowment or Foundation, or at a sophisticated family office, fund of funds, OCIO, or in Venture Capital or Private Equity.
- Significant experience in Venture Capital, Growth Equity, and Private Equity investments.
- Broad network of investment professionals with robust relationship-building skills.
- Experience in managing and coaching direct reports.
- Demonstrated self-starter with the ability to multi-task and work independently or in a team.
- Strong quantitative, analytical, and detail-oriented skills.
- Excellent organizational and communication skills.
- Competency in Microsoft Excel or similar tools for data analysis.
- Familiarity with Microsoft Word, PowerPoint, and Outlook.
- Able to travel up to 30% of the time.
Benefits
- Medical, dental, and vision coverage.
- 15% employer contribution to the retirement plan.
- Life insurance and disability insurance.
- Vacation and sick leave.
- Adoption and fertility benefits.
- Financial wellness program and health advocacy services.
- Paid time off for volunteering.
- Matching grants for employee donations.
- Commute assistance and tuition assistance.
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