Bertram Capital hires director of data science as it closes fourth fund; “Moneyball for portfolio companies”

This content is available to PrivateEquityCareer.com members who have paid for access. Please visit our membership page if you would like to become a member and super-charge your career.

 

Our favorite PE career pages and job boards

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.

Continue reading “Our favorite PE career pages and job boards”

Why David Swensen was skeptical about buyout returns: Corrected

Photo Credit: Yale University, Michael Marsland

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.

Continue reading “Why David Swensen was skeptical about buyout returns: Corrected”

Ex-Audax Group MD launches private equity shop outside Boston

Franklin Foster has left a 16-year career behind at Audax Group to launch a buyout shop north of Boston called Essex Bay Capital. One of his first recruits: Yash Singh, former president and head of MRI and robotics at Analogic, who joined this month as managing director.

The launch extends a remarkable run of firm formations over the last several months that is creating jobs at every level. Since March 12 Private Equity Career News has reported on the launches of Dataquest Partners of Fort Lauderdale, Florida; BharCap Partners of New York City; Riveter Capital of New York; and Interlock Equity of Los Angeles.

Continue reading “Ex-Audax Group MD launches private equity shop outside Boston”