Private Equity Needs a New Talent Strategy
Higher interest rates and competition have changed the nature of the business. Now the industry must find a new approach to developing leaders. by Ted Bililies
Private equity firms have historically paid little attention to the art and science of leadership. Yes, PE investors recognize that they need strong executives overseeing the companies they acquire. They examine target-company leadership when considering an acquisition, and they often install new top-level leaders, particularly in the CEO and CFO roles. They give portfolio company leaders tough targets and rich financial incentives to align the interests of management and investors. But that’s about it.
