Managing Partner Future Back Ventures
General Information
Job Title
Managing Partner, Future Back Ventures
Job ID
109914
Work Areas
Management Consulting
Employment Type
Permanent Full-Time
Location(s)
Boston, Chicago, Los Angeles, New York, San Francisco, Seattle, Silicon Valley
Description & Requirements
WHAT MAKES US A GREAT PLACE TO WORK:
We are proud to be consistently recognized as one of the world's best places to work. We are currently the top ranked consulting firm on Glassdoor's Best Places to Work list and have earned the #1 overall spot a record seven times.
Extraordinary teams are at the heart of our business strategy, but these don't happen by chance. They require intentional focus on bringing together a broad set of backgrounds, cultures, experiences, perspectives, and skills in a supportive and inclusive work environment. We hire people with exceptional talent and create an environment in which every individual can thrive professionally and personally.
About Future Back Ventures
Future Back Ventures (FBV) is venture fund within Bain & Company that is focused on investing in early-stage, promising startups founded or led by Bain alumni.
FBV was founded on the premise that our alumni found businesses at an exceptionally high rate, and these businesses outperform their venture cohorts in funding raised, graduation rates between rounds, and outcomes. Beyond alumni founded businesses, we believe there are additional promising collaborative deal categories that can be developed in future funds.
The significant majority of deals and capital deployed are in the seed and series-A stage.
The fund invests alongside leading venture firms and helps portfolio companies access the best of Bain through strategic advisory support, talent, community, introductions, and practical operating resources. As a small, entrepreneurial team inside Bain, FBV combines rigorous investment judgment with hands-on support for founders building the companies of the future.
Our first fund was launched in 2023, and a follow on fund was recently raised in 2026. To date, all funding has been provided through personal investment commitments by Bain partners and other senior leadership team members, and the firm itself. FBV has a near term strategy to significantly expand our committed capital and investment activities through the launch of a third follow on fund admitting external LPs. We anticipate a significant increase in AUM in the near term and over time, through addition of new LPs, increases in the number and size of funds and the potential creation of a family of funds.
Job Summary
The Managing Partner, Future Back Ventures serves as the strategic and investment leader of Future Back Ventures, Bain & Company's strategic venture capital platform. This person is accountable for defining the fund's long-term investment strategy, governing capital deployment decisions, negotiating with potential targets on terms and investment access, coordinating diligence, leading decision discussions with IC, and coordinating support for portco's to deliver maximum returns for our LP investors.
The Managing Partner is the senior-most venture investing authority within the platform (i.e. the "Fund Managing Partner") and also serves as a key advisor to Bain's senior leadership and the FBV IC on venture strategy, capital allocation, alumni engagement through investing, and ecosystem partnerships.
The Managing Director of FBV leads development of the strategy for the fund portfolio, leads discussions with existing and potential LPs as part of fundraising and ongoing cultivation, architects and drives/supervises deal sourcing and evaluation, leads IC discussions and decisions working with the IC chair, develops communications for internal and external audiences, works with legal on risk and compliance assessments and decisions, participates in decision making on direction with IC and senior Bain execs (incl Chief Investment Officer, CFO, WWMD) and ensures alignment with Bain's enterprise priorities.
This individual has end-to-end accountability for fund performance, portfolio construction, investment governance, and team development and leadership.
Key responsibilities
- Fund Strategy & Enterprise Alignment (20% initially, given ongoing growth in AUM and fund portfolio)
Define and evolve the multi-year fund architecture, investment strategy and portfolio construction approach for Future Back Ventures including Fund 1, Fund 2, and expected future funds as the portfolio of investment vehicles grows.
Establish fund structures and fund portfolio strategy aligned with Bain's strategic priorities and industry insights.
Deepen relationships with significant current and potential LPs as part of defining the forward growth path for FBV
Serve as a senior advisor to Bain leadership on venture strategy and innovation ecosystem engagement.
Ensure fund strategy and scaling ambition leverage appropriate synergies with firm-wide growth initiatives, innovation agendas, and alumni engagement objectives.
Present fund performance, capital allocation strategy, and portfolio insights to Bain's senior governance bodies.
- Investment Authority & Capital Deployment (40%)
Design and execute sourcing strategies to ensure a high volume of high quality investment opportunities for decisions by the IC
Design and continuously refine investment evaluation frameworks and governance standards.
Serve as final decision recommender and IC voting participant for investment approvals.
Lead and close complex investment negotiations, including term sheets and governance rights.
Own capital allocation strategy and pacing.
Ensure engagement and compliance with Bain legal and risk teams and external advisory firms
Make high-stakes portfolio management decisions (support activities, follow-on, exits, restructurings).
- Portfolio & Ecosystem Leadership (15%)
Coordinate internal experts and advisors to provide strategic oversight to portfolio companies, whether at critical junctures or ongoing at board or observer level.
Cultivate institutional VC, corporate, and LP relationships to enhance knowledge of best practices, ensure access to their insights when co-investing, and build FBV brand externally.
Represent Bain externally as a senior venture leader in conferences and investor forums.
Strengthen Bain's brand within the global startup ecosystem.
- Organizational & Team Leadership (15%, likely grows over time as complexity of funds and team size increase)
Lead and develop the venture investment team (Principals, Associates, Operations).
Set performance expectations and talent strategy.
Build scalable investment processes and operating cadence, including incorporation of emerging AI tools to maximize productivity of investing team.
Foster cross-functional collaboration with Bain practices and strategic initiatives.
- Alumni & Strategic Network Activation (10%)
Architect engagement strategy across Bain's global alumni entrepreneur network.
Develop differentiated value proposition for Bain-trained founders.
Align investment platform with broader alumni strategy.
ABOUT YOU
Knowledge, skills and abilities
- Deep expertise in early-stage investing, financial structuring, and portfolio construction at the seed/Series A stages.
- Track record of finding, negotiating and closing venture investments, including deal sourcing, deal negotiations, legal and compliance reviews, communications handling, and working team supervision.
- Preferably also experienced with fundraising for new or follow on funds, especially with the HNW/UHNW segment.
- Credibility and gravitas to operate at senior executive level internally and externally, including engaging Venture firm managing directors and fund leaders, founders/CEOs of startups, and Bain WW leadership (CIO, CFO, alumni lead, WWMD, etc)
- Proactive, confident and with excellent communication skills; able to quickly build trusting relationships with a wide array of entrepreneurs and investors.
- Proven people leadership and cross-functional influence.
- Able to deal with highly confidential information.
Experience
- Leadership role at a venture fund with strong performance track record, potentially supplemented by successful experience leading one or more venture backed startups.
Recommended Years of Relevant Experience
- 10 yrs leadership experience in venture capital and startups
- 2+ years working inside Bain preferred to facilitate access to expertise, networking with experts, and understanding of Bain strategy and RAPIDs. Bain experience is not an absolute requirement.
Education
- Bachelors or equivalent undergraduate degree required with strong academic credentials.
- Graduate degree (MBA) preferred but not required
Additional Requirements
- Occasional travel for alumni networking, portco meetings, IC meetings when in person, LP or office information sessions etc.
Supervisory Category
- Supervisor / functional leader
ABOUT US
Bain & Company is the management consulting firm that the world's business leaders come to when they want results. Bain advises clients on strategy, operations, information technology, organization, private equity, digital transformation and strategy, and mergers and acquisition, developing practical insights that clients act on and transferring skills that make change stick. The firm aligns its incentives with clients by linking its fees to their results. Bain clients have outperformed the stock market 4 to 1. Founded in 1973, Bain has 58 offices in 36 countries, and its deep expertise and client roster cross every industry and economic sector.
Skills:
Artificial Intelligence (AI), Best Practices, Business Administration, Business Strategy, Cadence, Capital Allocation, Communication Skills, Conferences, Construction, Consulting, Cross-Functional, Customer/Client Research, Ecosystems, Entrepreneurship, Fund Management, Funding, Fundraising, Global Branding, Head of Finance, Information Technology & Information Systems, Integrated Circuits (ICs), Investment Analysis, Investment Funds, Investment Management, Investment Strategy, Leadership, Legal, Maintain Compliance, Management Consulting, Negotiation Skills, Operations Processes, Performance Analysis, Productivity Management, Regulatory Compliance, Risk, Risk Analysis, Scalable System Development, Sourcing Strategy, Startup, Strategic Planning, Team Building, Team Lead/Manager, Team Player, Technical Operations, Venture Capital
Bain & Co Inc
