A pioneer in developing the now-ubiquitous role of deal originator, and a high-profile advocate for private equity on Capitol Hill, Gretchen Perkins has joined start-up buyout shop Avance Investment Management to source both platform and add-on investments from her office in Miami.
Perkins spent the last 12 and a half years at Detroit-based buyout shop Huron Capital, a lower-middle-market firm with more than $1.8 billion in committed capital across six funds. As partner Perkins led deal sourcing for the firm and, in recent years, also built relationships with limited partners.
“Getting a job in private equity is not the same as doing a job in private equity. They’re not actually evenly related.”
So said Gail McManus, managing director at executive search firm PER, during last month’s webinar, What does it take to get a job in private equity?
McManus went on: “I’m sure all of you have worked with people in your careers where you thought, ‘Why have they got this job?’ Well actually, it’s not because they are any good at doing it, because clearly they’re not. But what they were very good at was getting the job.”
Surely it was one of the more winsome observations to come out of a program chock full of practical advice for private equity job seekers.