Recruiting Private Equity Executives
In a shaky private equity industry, a Forbes article suggests a survival instinct has kicked in for private equity firms.
Of course, capital is the primary focus of private equity firms, but in order to survive in these uncertain financial times many have shifted their focus to human capital. Strong leadership will likely be the difference between a collapsing firm and a successful one. So having capable veteran executives has become a vital element in private equity. But how do firms find a worthy candidate? Ana Dutra heads the leadership development division for executive recruiter Korn/Ferry International and she confesses that finding the best candidate is not an exact science. However, she says there is a method most executive recruiters use.
Firms sometimes use a rating system that analyzes, among other things, the candidate’s entrepreneurial energy and experience in turnaround circumstances. One private equity executive recruiter said that the key is focusing long-term on a good adaptable candidate, as the industry is very fast-paced and subject to major changes. Most recruiters agree that hiring a seasoned veteran who brings leadership credentials is critical for firms, especially in today’s shaky market. As the private equity industry expands into emerging markets having a strong executive will likely prove to be the edge on the new firms.
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Tags: Private Equity, Private Equity Career, Private Equity Employment, Private equity executives, Private Equity Industry, Private equity jobs, Private Equity Management, Private equity outlook
