Manny Padda

MAN­AG­ING PART­NER NEW AV­ENUE CAP­I­TAL

BC Business Magazine - - To Do - –J.W.

When Manny Padda be­gan gar­ner­ing at­ten­tion with PM Search Part­ners, the ex­ec­u­tive search firm he founded in 2010 and still op­er­ates, he shunned the spot­light. “I had a search fee of a quar­ter­mil­lion dol­lars for some­body, and you know, it's tough to pay a 26-year-old that,” Padda re­mem­bers with a laugh. “I did a lot of my work over the phone, so peo­ple didn't re­ally know my age.”

In the early days of PM Search Part­ners, Padda ac­cepted stock from some of the com­pa­nies he worked with, quickly build­ing up a mul­ti­mil­lion­dol­lar busi­ness port­fo­lio. He ex­panded into an­gel in­vest­ing; to­day, Van­cou­ver-head­quar­tered New Av­enue Cap­i­tal ( NAC) en­com­passes ven­ture cap­i­tal, pri­vate lend­ing and ex­ec­u­tive search to of­fer a one-stop shop for earlystage ven­tures. NAC'S port­fo­lio in­cludes more than 60 projects glob­ally, with as­sets in tech­nol­ogy, nat­u­ral re­sources, real es­tate and ed­u­ca­tion.

Padda also takes a busi­nesslike ap­proach to phi­lan­thropy, track­ing how many chil­dren are di­rectly af­fected by do­na­tions he makes to ed­u­ca­tional out­reach or­ga­ni­za­tions such as Science World. “I have the goal of ed­u­cat­ing a mil­lion kids be­fore I turn 40,” he says.

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