MiddleGround Capital, which has rapidly grown into a fund-raising and deal-making powerhouse in the middle market, seeks to hire a business development associate to help keep its deal machine humming.
In this position you’ll cultivate relationships with investment bankers, business owners, lenders and a variety of other sources of deal flow. You’ll then tend to those relationships through regular emails, phone calls and meetings. And you’ll track interactions through DealCloud.
The position is located in the firm’s Lexington, Kentucky headquarters. But figure on spending 25 percent to 40 percent of the time on the road to attend meetings and industry conferences.
To succeed in this position you should be a “clear communicator,” a “team player with a strong sense of personal accountability,” and have a “sociable and engaging personality.” The ideal candidate will also have a background in finance. More about the firm:
The Strategy: Lexington, Kentucky-based MiddleGround Capital typically invests $25 million to $100 million in North American companies generating $15 million to $30 million of EBITDA in industrial, manufacturing and specialty distribution. Last year the firm closed its second pool earmarked for platform and add-on acquisitions. The $800 million raised marked a big step up from its $459.5 million debut fund closed in mid-2019. VP of Human Capital Krissie Baily said the firm enjoyed a nearly 100 percent re-up rate with happy investors.
The History: John Stewart co-founded the firm with Partners Scot Duncan and Lauren Mulholland in early 2018. Stewart and Duncan earlier built out the operations group for Monomoy Capital Partners after working for many years together at Toyota Motor Corporation. Both experiences figure prominently in the firm’s hands-on stewardship of its portfolio companies. Mulholland spent six years working with Stewart and Duncan at Monomoy, most recently as a director on the transaction team.
The Culture: The founders promote “work-life balance across the organization,” said Baily. The firm seeks high achievers who learn quickly and aren’t afraid to fail. It values a diversity of backgrounds.
The Perks: The firm hosts get-togethers for employees, investors and portfolio company executives at nearby Keeneland Race Course. The Lexington area is dotted with lakes that provide ample opportunity for fishing and boating. Red River Gorge, less than an hour’s drive from headquarters, is a popular rock climbing and hiking destination. Downtown Cincinnati is only about an an hour and 20-minute drive.Good luck!This recruitment ad is sponsored by MiddleGround Capital.Please forward to anyone you think might be interested.
Hiring? Why not send your own sponsored recruitment ad? It’s a great way to reach more than 3,500 top-quartile private equity professionals. Email Publisher David M. Toll if interested in becoming a Talent Pro member of PrivateEquityCareer.com.
Good luck!
This recruitment ad is sponsored by MiddleGround Capital.
Please forward to anyone you think might be interested.
Hiring? Why not send your own sponsored recruitment ad? It’s a great way to reach more than 3,500 top-quartile private equity professionals. Email Publisher David M. Toll if interested in becoming a Talent Pro member of PrivateEquityCareer.com.