Find your way to a stimulating, long-term private equity career in the growing Fund of Funds and Co-Investments Market!

Find your way to a stimulating, long-term private equity career in the growing Fund of Funds and Co-Investments Market!

Written by PER Consultant: Richard Jones

If you’ve ever considered a career in private equity, chances are you’ve thought about a role within a direct investment firm (GP) where you’re taking ownership of businesses and working with them directly post acquisition. It is, after all, the most widely understood part of the market. However, the private equity landscape is so much broader and more varied so it can be a bit of a maze if you aren’t familiar with the options and the terminology.

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 “What influence can Napoleon the pig have had on Private Equity?”

 “What influence can Napoleon the pig have had on Private Equity?”

… John Cockburn, Consultant at PER sums up the sentiments of the panel

Taking centre stage at the Real Deals Mid-Market PE event for the second panel session of the day were Jeremy Hand of Lyceum Capital, Hamish Mair of BMO Global Asset Management and Andrew Hartley; alongside Gail McManus, Managing Director of PER.

The topic: “Animal Farm – when some partners are more equal than others: Best practice in incentivisation, retention and succession”.

Chaired by Nicholas Neveling of Real Deals, the discussion involved a lively conversation on the trials and tribulations faced by founding partners when planning succession within their funds, and how the carried interest system can be an excellent incentive for some people, but also a handcuff for others.

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Ever wondered what the real attractions are to an investment role in the Middle East?

Ever wondered what the real attractions are to an investment role in the Middle East?

Written by PER Senior Consultant: Oliver Gilkes

If you’ve ever wondered what it might be like to move to the Middle East, here is a quick guide to the region and some reasons why people we have placed there rate it so highly.

The principal investments market in the Middle East is broad with sovereign wealth funds, independent principal investment and private equity firms and family offices. Some of these invest in the MENA region whilst others have a more global remit, investing across Europe, the Americas and Asia.

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New Year, New Career

New Year, New Career

Written by PER’s Head of Research: Sharon Chammah

It’s that time of year when we are all determined to start afresh, beat last year’s targets, get fit and try that new Peruvian fusion pop up restaurant round the corner. For some of us who are about to get that hard earned bonus, it is also a good time to think about new career prospects.

We are pleased to say in 2016 – PER placed about 180 professionals from Analyst to Partner level in private equity firms around the world and we already have another 40 people with offers accepted for a start date in Q1 2017. 

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Private equity is no longer just an ‘alternative asset’, it is very much the mainstream.

Private equity is no longer just an ‘alternative asset’, it is very much the mainstream.

Written by PER’s Head of DACH: Rupert Bell

The private equity industry has expanded significantly in recent years as new capital has flowed into the market, arguably because big LP’s don’t really know where else to deploy it. Private equity is no longer just an ‘alternative asset’, it is very much the mainstream. There is no end to this on the short term horizon.

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Private Equity in Asia is building momentum leading to a healthy hiring market!

Private Equity in Asia is building momentum leading to a healthy hiring market!

Written by PER’s Head of Asia: Linn Cheng

We’ve had an interesting and varied year. Considering the political changes in the world, we have not seen this having a significant impact on the Asian private equity market, in actual fact on the contrary, Asia seems to be building momentum with strong fundraising and capital deployment, consequently leading to a healthy hiring market.

Interestingly, the bulge bracket investment banks have been struggling this year. Lay-offs throughout the year and bankers being made redundant prior to their bonuses being paid has resulted in a larger number of banking professionals available in the market. 

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30 senior private equity professionals debated the issues around promoting and retaining females at PER’s breakfast briefing

30 senior private equity professionals debated the issues around promoting and retaining females at PER’s breakfast briefing

… John Cockburn, Associate at PER sums up the sentiments of the room

PER was delighted to welcome 30 senior Private Equity professionals to their breakfast seminar to discuss the important topic of “Retaining and Promoting Females in Private Equity”. Managing director of PER, Gail McManus, introduced the guest speaker – Jeryl Andrew – the new CEO of Level 20. Jeryl has been an investor with Abingworth, Vencap and Advent Ventures and so knows first-hand the difficulties that women face in reaching senior positions within funds.

Level 20 is dedicated to increasing the amount of females in senior private equity positions across Europe to 20% by the year 2020.

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There is a larger percentage of female astronauts than female venture capitalists – time for VC to do some blue sky thinking around diversity maybe?

There is a larger percentage of female astronauts than female venture capitalists – time for VC to do some blue sky thinking around diversity maybe?

Written by PER Consultant Alex Horkan

Venture Capital in London is booming, heck Venture Capital is booming full stop. As an industry, the private markets have become remarkably good at funding and scaling companies with a sometimes un-nerving speed and the money is rolling in. According to Pitchbook’s PE & VC Fundraising & Capital Overhang Report, 2015 was the most successful year in almost a decade for Venture Capital funding with over $35.5billion being raised in the US alone. The fundraising trend is showing no signs of slowing down either, with $12billion already being banked in Q1 of 2016 according to Thomson Reuters and the National Venture Capital Association.

Many discussions have taken place over the last few months about the effects that the UK referendum, US elections and steep valuations may have on the stability of the industry. If we are to believe the co-founder of Accel Partners, Jim Swartz, then we are in the midst of a tech bubble that is set to deflate; the value of many unicorns is being re-assessed and founders are increasingly reluctant to go public.

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Senior Hires are a tricky business

Senior Hires are a tricky business

Written by PER’s Head of DACH: Rupert Bell

Senior hiring for private equity firms is a tricky business. There is arguably far more downside than upside, from disrupting the existing culture, and demotivating mid-level and junior colleagues, to the financial and PR costs of breaking a contract if the integration doesn’t work.

On the other hand, demand remains high: institutional investors have broadly doubled their allocations to private equity and this capital can only be deployed properly by seasoned investors. There is a plethora of new firms opening up – around 50 in Germany alone over the last couple of years – and these also need senior figures to lead deals and develop business. With more capital chasing the same historic level of dealflow, prices have soared, and with them execution challenges. Whilst a rational analysis might suggest taking resource out of this imbalanced equation until the market cools, in practice many of the key players are seeking to step up their hiring, to look for that incremental gain that gives them the edge in this ever more competitive environment.

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The Importance of Online Skills Testing In the Selection Process

The Importance of Online Skills Testing In the Selection Process

Testing can be testing: improve your CHANCE of success with our six top tips

Online skills tests are becoming increasingly common in private equity recruitment processes.  There can be a temptation to fit these in when you get a few minutes without realising  the weight that might be put on the results.  A below the bar performance can rule you out almost before you have begun.  Improve your CHANCE, of success with our six tips to sail through this stage and into the next round.

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