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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.
The following "Big Move!" items appeared in the March 28 free edition of Private Equity Career News:
Big Move! Todd Adams (pictured) joins Bethesda, Maryland-based buyout firm IMB Partners as vice president, according to his Linkedin profile. Adams most recently served as a senior associate at Atlas Holdings LLC.
Big Move! Ryan Grand joins Chicago-based supply-chain-focused buyout firm Red Arts Capital as head of business development, according to his Linkedin profile. Grand most recently served as partner at Indianapolis-based EO Capital Partners.
The private wealth arm of New York City-based money manager StepStone Group has added two senior executives responsible for drumming up more clients among the well-to-do. The hirings come as alternative asset managers race to tap the coffers of wealthy investors, seen as the next great frontier in fundraising.
The Cystic Fibrosis Foundation has signaled a desire to back more alternative investments by hiring an emerging manager specialist and StepStone Group alum as its director of investments.
Michael Burgos announced his move to the Bethesda, Maryland-based, $5 billion foundation via a LinkedIn post on Monday, June 17. His job includes oversight of a rapidly growing private equity portfolio valued at approximately $1 billion.
A spokesperson for the Cystic Fibrosis Foundation told sister newsletter LP Allocator News that executives there would not comment for this story.
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.
Money manager Carlyle Group is building a new data science team to support investment decisions, according to a job ad for a data scientist.
The Washington DC-based firm wants someone “eager to solve difficult problems,” the job description says. The job ad lists the position as remote. It notes that the data scientist w0uld work alongside colleagues who formerly worked at “top technology companies.”