June 25, 2024
After opening its doors less than two years ago, BCI’s private equity group has doubled the size of its New York office to 20,000 square feet. The expanded office will be home to more than 50 private equity team members as well as those from other growing asset classes across BCI, including public markets.
“Our larger footprint in New York comes at an opportune time for the private equity program, as we continue to grow our portfolio and thoughtfully scale our investment and operations teams, while increasing our focus on value creation,” said Jim Pittman, Executive Vice President & Global Head, Private Equity. “We have a laser focus on deploying capital into direct and strategic investments and look forward to reinforcing key relationships with existing partners, as well as building new ones, in New York and around the globe.”
BCI’s New York office opened its doors in 2022 to welcome its first team outside of Canada and Jim Pittman, BCI’s Executive Vice President & Global Head of Private Equity, relocated to New York in late 2023 to lead a team of more than 70 investment professionals in New York and Victoria B.C., BCI’s headquarters.
Scaling up in New York enables the team to allocate capital directly and optimally manage its existing investments through strengthened value creation activities. More than 50 per cent of BCI’s private equity portfolio is held in the U.S., investing in sectors including business services, consumer, financial services, healthcare, industrials, and technology, media & telecommunications.