Background Blue Meridian Partners is a pioneering philanthropic model for finding and funding scalable solutions to problems that trap America’s young people and families in poverty and limit economic mobility. We bring philanthropists together to make significant, multi-year investments that make it possible for social sector leaders to take their successful interventions to regional or national scale. Today, Blue Meridian is evolving and extending its early vision for integrating the work of expanding solutions nationwide with regional and local strategies to produce the strongest possible outcomes for children and families. We are deeply aware of a growing body of research that highlights how place and economic mobility are inextricably linked and pervasive racial gaps in outcomes. We believe more cross-sector solutions are required to realize the potential of compounding benefits of coordinated work in communities. In response to the needs identified by community leaders and a study of the challenges that seem to have stymied prior efforts, Blue Meridian is assembling a team to unlock significant new private and public resources for practitioners in order to accelerate place-based work across the country.
Position Description Managing Directors provide strategic leadership and help execute and innovate on critical business priorities for Blue Meridian Partners, including sourcing and leading Blue Meridian’s relationships with select investees. Managing Directors are members of a dynamic leadership team. Operating with great flexibility and freedom while working closely with other Managing Directors, the CEO and Chief Investment and Impact Officer (CIIO), as well as Blue Meridian’s investment Partners they provide the leadership necessary to advance Blue Meridian’s mission. Reporting to the CIIO, the Managing Director of the Enabling Strategies portfolio will refine and launch this new portfolio as a part of the team focused on the next generation of Blue Meridian’s regional investment strategy.
Primary Responsibilities The Managing Director will oversee and manage, delegating and working with other team members where appropriate, activities that may include but are not limited to the following:
Lead Strategy and Investments • Partner with the CIIO to refine and continuously improve the Enabling Strategies elements of Blue Meridian Partners’ regional investment strategy. • Co-develop an outcomes framework and own, and deliver on strategic outcomes related to investments in enabling supports and strategies including outcomes related to the progress in place-based efforts served. • Source, conduct and manage due diligence to explore opportunities and make investment recommendations, developing, with team, compelling and feasible investment recommendations. • Manage the Enabling Strategies portfolio of investments overseeing and supporting their impact and performance. • Capture ongoing learning from investments and broader trends to continuously inform and improve Blue Meridian’s and investees’ strategy and operations. • Serve as an external spokesperson/representative of Blue Meridian and assist as needed with fundraising, BMP Partner engagement, and other activities. • Develop relationships and partnerships with other relevant investors and aligned organizations to increase information flow and sourcing, leverage additional expertise or resources, and extend the reach and impact of the portfolio and strategy. Lead Relationships with Investees • Ensure investee leaders and their teams receive excellent relationship management and support from Blue Meridian. • Earn and maintain the respect of investees and serve as a trusted partner and advisor to their CEOs and boards. This includes representing Blue Meridian Partners with investee boards and advising on strategy and scaling plans; evaluation and evidence building; board development; fundraising; organizational design; and human capital and communications. • Develop and implement creative scaling strategies and plans. Craft performance milestones with investees and chart a roadmap to success. • Develop and present regular progress reports to the Blue Meridian board and other Partners. Review and approve materials and talking points for Partner updates. • Design and facilitate investee meetings, strategy sessions and performance reviews. • Identify advisors, consultants and other resources to ensure robust support for investees. Manage team and ensure tight alignment across Blue Meridian • Oversee and participate in the recruitment, development and management of top talent to build and sustain a high performing team. • Partner closely with other Managing Directors to ensure ongoing strategic alignment of portfolios. • Oversee aspects of the board book content, contribute to and participate in board, Partner and committee meetings.
Qualifications • Managing Directors must believe in Blue Meridian’s mission and be driven by personal values that align closely with Blue Meridian’s core values.
• At least 20 years of professional experience, ideally in for-profit, government and nonprofit environments, either in significant line-leadership roles managing initiatives or parts of organizations, or as strategy, financial and/or change-management consultants to the senior leadership of high-growth organizations. Experience with regional and community-based initiatives is essential. A Bachelor’s degree is required, an advanced studies or demonstrated derivation of overarching lessons and approaches from related experiences preferred. • Perspective from direct experience living or working in communities with significant low income or otherwise disenfranchised peoples preferred. • A track record of playing a significant role in an organization’s achievement of innovative results, demonstrating the ability to formulate and execute effective strategies, chart clear courses of action that require complex, multi-disciplinary teamwork, and the measurement of and accountability for results. • Strong skills in developing and managing external and internal relationships and partnerships, working directly with senior executives, boards of directors and investors, leading teams, building and stewarding relationships, networks and agreements, and managing complex business associations. • A superior ability to analyze, assess and conceptualize the implications of quantitative and qualitative data, sometimes amid disparate and even contradictory information. • Outstanding verbal and written communication skills, comfortable engaging with and presenting at senior levels • Highly energetic, self-motivated and entrepreneurial, able to balance a meticulous and highly rigorous professional approach with a flexible and empathetic responsiveness to the needs of others. While skilled at thinking and working independently and advocating own point of view, respects and solicits the contributions of others. • Outstanding interpersonal skills with a professional, accessible demeanor, and the ability to work with and lead people with different backgrounds and experiences including in complex contexts and power dynamics. • Strong computer skills with facility using popular document, spreadsheet, presentation, email, filesharing and other communication software. • Willing to travel frequently.
About Blue Meridian Partners
Blue Meridian Partners is a pioneering philanthropic model for finding and funding scalable solutions to the problems that trap America’s young people and families in poverty and limit economic mobility. We operate with an investor mindset, but measure success in terms of greater social impact, rather than financial returns. Blue Meridian takes a rigorous, strategic approach to philanthropic investing: identifying, funding and scaling the most promising strategies poised to make a national impact Our portfolio of “investees” addresses some of the root causes of inequity and lack of opportunity—poverty, mass incarceration, foster care, unemployment, and more. Our experience convinces us that solutions are achievable. We provide social sector leaders with the flexible, upfront growth capital they require to reach their full potential. We offer philanthropists a way to amplify the impact of their investments by finding the initiatives that produce the most effective results, while sharing the costs, risks and successes. We come to this work with a decades-long track record of innovation in philanthropy and a comprehensive investing approach developed at the Edna McConnell Clark Founda...tion (EMCF). We are constantly learning, exploring, and seeking out new collaborations in relentless pursuit of creating lasting impact at scale that can change the lives of generations.