Kent Foster went from intern to vice-president of an investment team in just five years

Vice President, ARC Financial

July 04, 2016

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Kent Foster went from intern to vice-president of an investment team in just five years.
Photograph Heather Saitz

ARC Financial
Education: Master of Business Administration, Harvard Business School; Master of Science, Engineering, Robert Gordon University; Bachelor of Science, Mechanical Engineering, University of Calgary
Age: 34

Before Kent Foster became vice-president of ARC Financial’s investment team, he had put in his time in the trenches along with the other mechanical engineers in the energy sector. And yet, most of them probably weren’t simultaneously completing a Master of Science degree via correspondence with a Scottish university. Two years later, Foster also had an MBA from Harvard Business School. Today, he focuses on finding and executing new investment opportunities in the E&P sector, while also helping ARC’s portfolio companies with corporate and investment strategies across the board. With more than $5 billion in capital across a variety of energy funds, ARC Financial is Canada’s largest energy-focused private equity firm. Foster now represents ARC on the board of directors at Boulder Energy, and is also a board observer of Aspenleaf Energy, Beringer Energy and Kanata Energy Group. For much of his success, he credits ARC founder and director Mac Van Wielingen, one of the luminaries of Canada’s energy finance space. His are some big shoes, for sure. But few would doubt that Foster is already on the fast-track to making his own mark in the industry—and, as his colleagues will confirm, he’s still got lots of runway ahead of him yet. Not bad for someone who was an intern at ARC just five years ago.

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