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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.
It may be a good time to brush up on your restructuring and turnaround skills.
Boston-based Audax Group, for example, has opened a search for a restructuring professional to help manage underperforming credits.
The role isn’t a new one. Nor is it part of a new investment strategy for the firm's credit arm, Audax Private Debt, according to a source familiar with the firm. The new hire would join an established workout team focused on monitoring portfolio companies for credit risk and on capital preservation.
The following Big Move! items appeared in the February 21 free edition of Private Equity Career News:
Credit giant Ares Management Corporation last week tapped New York City-based Kipp deVeer and London-based Blair Jacobson to serve as co-presidents, reporting to CEO Michael Arougheti. Since joining the firm in 2004 deVeer has helped to build its fast-growing credit group; Jacobson since joining in 2012 has built the firm's European direct lending platform.
The following Big Move! items appeared in the February 14 edition of Private Equity Career News.
Big Promotions! Credit giant Ares Management Corporation last week tapped New York City-based Kipp deVeer and London-based Blair Jacobson to serve as co-presidents, reporting to CEO Michael Arougheti. Since joining the firm in 2004 deVeer has helped to build its fast-growing credit group; Jacobson since joining in 2012 has built the firm's European direct lending platform.
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.
On the heels of launching a new credit secondaries platform, Ares Management Corporation is recruiting a new vice president for the team.
The VP in the Ares Secondaries Group-led business will work on business development, the transaction process and portfolio management.
“This would be a great opportunity to join at the ground floor and help build a new and exciting product for the firm,” the job ad states.