Aug 29, 2018

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Comments (19)

 
Aug 18, 2012 - 9:53pm

A lot of funds list "operating partners" who I I believe range from executives-in-residence to part-time advisers available for roles in portfolio companies. Baird Capital Partners has operating partners listed on their website, for example, and I'm sure there are a lot of others.

Off the top of my head, you're missing KKR Capstone which is one of the most structured portfolio operating programs. If I recall correctly, BainCap's portfolio group is relatively new and they haven't fully established a normal career progression.

If you find a comprehensive list, I'd be curious to see it.

Authored by: Certified Hedge Fund Professional - 1st Year AssociateCertified Hedge Fund Pro
 
Aug 31, 2012 - 2:01pm

Private Equity Operations (Originally Posted: 05/23/2012)

Hey All,

I have about a year of experience working in Operations Strategy for a major (F200) company. I like what I do but I would really like to be at a smaller firm. I've worked on some pretty huge projects (~$250M) and done well.

I was wondering what the best way of moving to PE in an Operations role would be. I really have no desire, or chance, to be on a 'deal' team but I like the idea of working on companies post buy out to improve their cost structure and generate revenue for the firm.

Any thoughts would be welcome.

Thanks.

Investment Bank Interview - Toughest Questions
 
Aug 31, 2012 - 2:05pm

Some PE firms have related consulting groups (Vista, Insight, KKR Capstone) that specifically work for their portfolio companies to improve operations (and due diligence ahead of investing). Might be interesting to you.

Banking > VC > Tech PE; PM me if you would like any advice I'm happy to help
 
Aug 31, 2012 - 2:06pm

Fairly easy to get an Ops job that you're qualified for in a PE owned firm. You can work your way up to an ops guy that takes assignments for portfolio firms and has interesting work but moves around a lot. Ideally you'll want to be an operating partner but you're probably better accessing that through consulting. PE finance guys are real snooty so it will be hard to ever get enough respect to be considered on the team, unless you've got decades of hard fought C level experience and grey hair. As mentioned above.

Global buyer of highly distressed industrial companies. Pays Finder Fees Criteria = $50 - $500M revenues. Highly distressed industrial. Limited Reps and Warranties. Can close in 1-2 weeks.
 
Aug 29, 2018 - 11:42pm

Loads of LMM PE funds are full of ex-operators and consultants btw. Clearlight out of LA for example.

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