As population of operating pros explodes, smaller percentage work for firms; many lack a path to partner. Bummer!

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Newcomer Turning Rock Partners looks to hire up to two investment pros and a client services pro in months ahead

Turning Rock Partners, a New York City-based shop that closed its debut fund earlier this year at more than $400 million, plans to expand its nine-person payroll over the next 24 months by adding up to two investment professionals and a client services professional.

Managing Partner Maggie Arvedlund (pictured, second from right) said that the investment hire or hires would likely be at the junior or mid-level, although the firm is flexible. “We like to meet exceptional talent, and we can often flex up or down for the right individual,” Arvedlund said. The firm is committed to building a team with varied backgrounds. “We are a woman-owned business, and we take [diversity] seriously,” she said.

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Nearly 60 percent of private equity firms have at least one full-time deal originator

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How to be a private equity rising star: 1315 Capital’s Ian Li

Ian Li, Vice President, 1315 Capital

It’s one thing to land a job at a private-equity shop as an analyst or associate. It’s another to make the heady climb to partner in a decade or less.

So I took the question of how to become a rising star to Ian Li, vice president at 1315 Capital, a Philadelphia, Pennsylvania-based specialist in healthcare growth equity. Earlier this year Li spoke eloquently on a panel I moderated on opportunities in private equity at the Toigo Foundation’s Catapult event in Jersey City. Li wrote up the following six tips, reproduced verbatim with a few minor edits for style:

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Air Force veteran seeks to acquire services companies that would hire other veterans 

On the anniversary of 9/11 this week I had the opportunity to talk to Air Force veteran Ryan Brown, who served in the Iraq War, about his goal of building a private-equity business.

“I am on the entrepreneurship journey and my mission is to create jobs for veterans by way of buying and building a portfolio of companies,” Brown wrote me earlier this summer in introducing himself via LinkedIn. “It’s a very ambitious goal, but I know it’s possible.”

When I caught up by phone with Brown on Wednesday, he was in Orlando looking to meet up with hospitality executives at the Hilton Americas Owner Conference. Hospitality is one of the services sectors that he has his eye on to buy businesses in through his firm, Patriot Investment Partners. Brown, who’s active in ACG, recruiting businesses in the Melbourne, Florida area, also works as a turnaround management consultant.

Below is more about Brown, who shares my predilection for bullet points, from a written Q&A lightly edited:

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Toigo Foundation gives its Groundbreakers leadership program a shot in the arm

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Avante Capital’s Jeri Harman looks to launch third SBIC fund; may add junior professional or two

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Diverse candidates scarce, Palladium Equity open to hiring mid-level professional at any time

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