It was another year of rapid change in the PE hiring market, as the percent of female hiring dropped, on-cycle recruiting fell out of fashion, and firms brought aboard experts in artificial intelligence. Below we take a closer look at seven of the biggest hiring trends spreading across the market.
Tag: Apollo Global Management
Former Trilantic exec joins Apollo’s hybrid equity-debt team
Munesh Advani, until recently a managing director at buyout and growth equity firm Trilantic North America, has left to join Apollo Global Management’s hybrid equity-debt team.
In his new role as managing director at the New York City-based firm, Advani will source investment opportunities in business services, according to a LinkedIn post he shared last week week.
PE firms expand payrolls modestly for second year in a row
Payrolls at nine publicly traded private equity firms grew by 7 percent last year and the early part of 2025. That marked a slightly lower rate than in 2023 and a far slower rate than in 2022, according to recent analysis by Private Equity Career News.
The introduction of new investment strategies may be behind some of that hiring, according to Charles Wilson, senior vice president of investment management for Selby Jennings.
Carlyle taps new diversity head, modifies website language
With its portfolio of aerospace, defense and government portfolio companies and close ties to government, few PE firms have as much to lose as Washington-based Carlyle Group by antagonizing the anti-DEI administration of President Donald Trump.
Yet late last year Carlyle Group promoted then-DEI Vice President ‘Iolani Bullock to head of diversity and inclusion. Bullock joined in 2020 as an associate vice president of DEI, after working at Georgetown University’s McDonough School of Business as director of MBA admissions, diversity & inclusion and partnerships.
Emerging manager seeder New Catalyst seeks investor, intern
With just about a year under its belt, emerging manager seeder New Catalyst Strategic Partners has opened a search for an investor with at least two years of financial services experience. It also seeks a intern.
Infrastructure firm led by ex-Apollo partner hires Eaton to raise debut
A new infrastructure firm whose founders include former Apollo Global Management Senior Partner Geoffrey Strong and an ex-official in the U.S. Department of Energy have hired placement agent Eaton Partners to raise a debut fund.
Hiring at public PE firms slows, reflecting market slump
Employee rosters at nine publicly traded private equity firms continued to grow in 2023, but at a slower pace than the previous year, according to an analysis of 10-K filings by Private Equity Career News.
The nine companies added 1,813 employees last year, to reach 20,146 total, for a 10 percent increase. By contrast, in 2022 those same nine companies recorded a 19 percent increase in combined employee count, as reported for a story last year. Participating companies do not typically break out organic hiring versus employees added via acquisition.
Ex-GCM Grosvenor executive launches firm to back emerging managers
With backing from buyout giant Apollo Global Management, ex-GCM Grosvenor executive Jason Howard has launched a money manager to provide start-up capital to private market newcomers managed by experienced teams.
“We want to focus on [those firms] we believe have the best potential to build and scale institutional-quality investment franchises,” Founder and Managing Partner Howard told sister newsletter LP Allocator News in an interview. And yes, Howard said, the firm is hiring at all levels.
Former Blackstone colleagues seek $350M for inaugural fund
Buy-and-build investor ZBS Partners—led by two former Blackstone Group analysts who went on to co-found several businesses together—seeks $350 million for a debut fund.
Managing Partners Nicholas “Jake” Sloane and Linfu “Frank” Zhang filed regulatory paperwork in June for the New York City-based firm’s ZBS Partners I LP fund and a parallel fund.
Publicly traded PE Firms added 3,000+ employees last year
Publicly traded private equity firms built out their payrolls rapidly last year, with growth rates ranging from 8 percent to 29 percent, an analysis by Private Equity Career News shows.
An examination of nine firms shows a total workforce increase of 19 percent in 2022, with more than 3,000 new employees added in total, according to employee counts provided via 10-K filings. The firms did not typically break out growth from organic hiring versus growth via acquisitions.