Private equity firms are adding to their payrolls at a rapid clip, buoyed by strong institutional support for funds both old and new, and by a growing need for deal professionals, talent executives, and fundraising executives.
Bill Matthews (pictured), co-founder and partner at executive recruiting shop BraddockMatthews, called growth in private markets “white-hot,” and pointed to his firm’s recent work for two first-time funds raising tallies of between $800 million and $1 billion.
Private equity firms and their investors take a variety of approaches when it comes to advertising job openings on their Web sites.
On the one hand you have job-trumpeting firms such as Austin, Texas-based Vista Equity Partners. Its career page lets you search more than 4,000 open positions, including ones at the firm, its consulting group and its portfolio companies.
Among such firms, the easy-to-navigate search platform offered by Workday has become a popular choice for presenting job openings, our latest survey of career pages finds. Adherents include Ares Management, Bain Capital, and PSP Investments.
David Swensen, the chief investment officer of Yale University from 1985 until his death earlier this week at age 67, led a generation of money managers headlong into alternative assets such as hedge funds, real estate, timber and private equity.
Yet the co-creator of the influential “Yale Model” of investing was no cheerleader for private equity. In his book “Pioneering Portfolio Management” Swensen offers one of the most scathing assessments of the asset class ever written.