Premium Essay

Private Equity Culture and Qualities Sought

In:

Submitted By kelzi33
Words 334
Pages 2
CULTURE:
Performance-drive: Many PE associates feel like they are directly contributing to the fund’s performance. That feeling is almost completely absent from banking. PE associates know that a large part of their compensation is a function of how well these investments do and have a vested interest in focusing on how to extract the maximum value of all portfolio companies. When there is an active deal it can be a high pressure environment.
Comparable to banking when there is an active deal, but otherwise much more relaxed: Usually get into the office around 9am and may leave between 7pm-9pm depending on what you’re working on. Possibility of working weekends when there is an active deal, but usually the weekends are yours.

WORK ENVIRONMENT:
Size: Private equity firms tend to be smaller in nature so your entire fund may be only 15 people. As an Associate, you will have interaction with everyone including the most senior partners. Unlike at many of the bulge bracket investment banks, senior management will know your name and what you are working on.
Traditional vs Google: Certain PE shops that have taken a “Google” approach and offer free food, toys in the office, televisions in offices, and sometimes even beer in the fridge or a keg in the office. Other PE firms are run more like traditional, conservative corporations where you are in a cube environment.

QUALITIES SOUGHT FOR BY FIRMS
Smart: You have to be able to see the opportunities to make an investment work and create value.
Confident: You have to have the guts to make the investment work, even if that means cutting jobs or being the bad guy everyone at the (target) company hates
Hyper-aware: Of exigencies of the business-- the need, demand, or requirements intrinsic to the job or options available
Stubborn and creative when dealing with problems: Supervisors and investors will not

Similar Documents

Premium Essay

Health Promotion

...Health Promotion among Diverse Populations Grand Canyon University Family-Centered Health Promotion NRS-429V Michelle M. LeRoy January 18, 2015 Minority health determines the overall health of our nation. According to the 2010 U.S. Census, 36% of the population belongs to the minority groups. While even some of the health outcomes have improved for most Americans, some of the minorities still suffer a large burden of preventable diseases and disabilities. Between 2000 and 2010, more than half of the U.S. growth was due to the increase in the Hispanic or Latino population. Data from the U.S. Census, will help the public and private institutions to find areas where special services in education, housing and healthcare are needed. The importance of this paper is to explain the current health status, health promotion, and health disparities of the Hispanic/Latino population. Current Health Status of the Hispanic or Latino Population According to the Vital & Health Statistics, as of December 2013, the percent of Hispanic or Latino persons of all ages in fair or poor health is 10.3%. The non-Hispanic Whites in fair or poor health is 9.8%. These numbers of fair and poor health are comparable. However, the percent of persons in excellent or very good health of all ages in the Hispanic race is 63.2% compared to non-Hispanic White race of 66.8%. As shown in the CDC statistics, the Top 10 leading causes of death in Hispanics and non-Hispanic Whites differ greatly. The...

Words: 1445 - Pages: 6

Premium Essay

Chase Bank Customer Service

...whether through online banking or teller services. These factors represent the final dimensions of service quality that satisfy the customers. There are also the intangible aspects of the staff-customer interface. These intangible aspects include the implementation of a helpful, caring, and friendly and a committed approach among the members of the bank staff. Indeed, a positive experience in the area staff-customer interaction was the key to maintaining a high level of customer satisfaction. In a way, the bank customers respond positively to the customer-oriented, high-touch, and an intangible service quality criteria in an age of increased automation. The Chase Bank acknowledges that the critical dimensions of bank service quality and their implementation in practical business terms varies as the customer profiles and customer experiences evolve. Some studies have found that bank service quality expectations vary by segments and by countries (Arasli et al., 2005), and by time. It is possible that the saliency of bank service quality dimensions may be situational and may also adapt as the context changes. The ‘speed of service’ reflects differences resulting from both customer characteristics and exposure to high-tech banking practices. For example, a customer-Oriented service expectation is affected by the variation depending on the characteristics of the customers, culture, and the business context. Generally speaking, customers expect to be attended by the service personnel...

Words: 2616 - Pages: 11

Free Essay

Skype: Through All It's Mergers

...creating value through the process. By analyzing information databases and news archives regarding Skype as well as utilizing course frameworks and scholarly papers discussing merger and acquisitions, we will argue that Microsoft has been more successful in integrating Skype than eBay has, though Skype’s long-term success in the hands of Microsoft remains uncertain. In addition, Silver Lake Partners was able to unlock value in Skype using a different set of perspectives as a financial acquirer. Throughout it all, Skype has continued to innovate and provide free services to millions of users globally. Introduction In 2002, Scandinavian entrepreneurs Janus Friis and Niklas Zennstrom founded Skype, which offered free, high-quality computer-to-computer calls between private users (Aamoth, 2011), and in the course of doing so, revolutionized the Voice over IP (VoIP) provider industry. At the time, the VoIP industry of providing “real-time communication services that deliver communication through a web-based...

Words: 7212 - Pages: 29

Premium Essay

Employment Equity

...Employment Equity Act was created to ensure that there are equal opportunities for individuals living in Canada. The Employment Equity Act mainly targets four groups of individuals which include; women, aboriginal peoples, people with disabilities, and visible minorities. The Employment Equity Act serves an important role in the workforce as it seeks out discrimination and removes it effectively. When the Employment Equity Act is enforced correctly the act will ensure that individuals in the workforce have equal access to job opportunities as well as equal treatment in the workplace. Many individuals believe that employers are not very likely to battle situations of discrimination while going through the hiring process, as well as properly implementing the act in a particular workforce. Therefore the complexity of the Employment Equity Act is fair, however it is not necessary to have the act implemented in various Canadian workplaces. The Employment Equity Act was first introduced to Canada in 1986, and was later updated in 1995. “The Act stated in the legislation: The purpose of this Act is to achieve equality in the workplace so that no person shall be denied employment opportunities or benefits for reasons unrelated to ability and, in the fulfillment of that goal, to correct the conditions of disadvantage in employment experienced by women, aboriginal peoples, persons with disabilities and members of visible minorities by giving effect to the principle that employment equity means...

Words: 2221 - Pages: 9

Free Essay

Medicaid Funding Poilcies

...have been tasked with responding to a proposal for reducing Medicare expenditures by enrolling participants in HMO. I understand that we have some key questions must be addressed and that we must justify our position on either economic efficiency or equity grounds. Outlined below are some of the questions that must be answered in order address this issue properly. Is Medicare in a state of crisis? Are you aware of the various policies that are being enacted from each state to state regarding the qualification of Medicare? Medicare is funded by the federal government and each state is responsible for operating the Medicare program as well as the local Medicaid programs. However, premiums have increased for Medicare and also, the coverage has changed in the past few years requiring people to purchase additional supplemental Medicare policies - this is difficult for elderly that have fixed incomes. If the elderly are unable to purchase Medicare, they will go uninsured. The Medicare system is double-funded. It is funded by the taxpayer (federal dollar) as well as the premiums being collected. But, in being double-funded, the coverage is still not as high as most private insurance companies making them appear with less quality. Are radical measures necessary to preserve the program? This is a very interesting question and you will have to take a more subjective approach to answering it. I don't believe there are radical measures that must be taken to preserve the program...

Words: 1692 - Pages: 7

Premium Essay

Monclear Case

...(1955) and the French skiing team during the winter Olympics in Grenoble. During ‘70s and ‘80s the brand became a “fashion phenomenon” also among younger consumers, creating the basis for the current motto of the company “born in the mountains, lives in the city”. In 1992 ownership of the Moncler brand was acquired by the Pepper company, before transferring to Fin.Part S.p.A. in 1998. This company operated in the high-end clothing sector, and its aim was to create a reference point within the Italian luxury goods market. In 1999 Remo Ruffini became part of the Fin.Part group with the role of Creative Director of Pepper, and began a process of repositioning the brand. In 2003 Remo ruffini bought the brand Moncler. In 2005 the private equity fund Mittel S.p.A. and Progressio S.g.r. S.p.A made their entrance in Moncler contributing to the relaunch and re-organization of the brand and creating the basis for their future development. 2006 is an important year for the repositioning of the brand since the first high-end collection dedicated to women carrying the Moncler brand, named Gamme Rouge, was launched with the aim of continuing diversification of the range of products from the viewpoint of exclusivity. In 2007 the first directly-managed Moncler store set in an urban location was...

Words: 3091 - Pages: 13

Free Essay

Ibfm

...Analyst information intermediation – private and public information –and the central role of knowledge and social forces in economic processes in the ‘market for information’. John Holland, University of Glasgow, Jo Danbolt, University of Edinburgh, Lei Chen, University of Keele. John Holland, University of Glasgow, The Adam Smith Business School, University of Glasgow, Main Building, Glasgow, G12 8QQ, Scotland Abstract: This paper develops a model of the information intermediation role of analysts in the ‘market for information’ (MFI). It illustrates how the same type of ‘soft’ intangibles information changes as it progresses through analyst information intermediation processes. The latter concern: company disclosure; analyst acquisition and analysis of company information; analyst reporting processes; and market impacts. The common information concerns ‘soft’ or qualitative information about the company intellectual capital (IC) or intangibles in the company business model. Banks and bank analysts are used as examples. Knowledge, social and economic factors in the wider ‘market for information’ (MFI) are shown to be major influences on ‘soft information’ and how it changes in analyst information intermediation processes. Negative knowledge and social factors play a role in weakening and eventually destabilising economic processes in analyst and the MFI. They were important factors in creating knowledge and information problems in analysts and the MFI, both ongoing...

Words: 28563 - Pages: 115

Premium Essay

Residential Segregation of African Americans in 20th Century America

...North. While this migration created vast amounts of opportunity for African Americans that could have not existed in the Jim Crow-era South, the movements of these people would carry the racial divisions and hostilities of society to the level of a national plight. Northern whites implemented various practices in order to manipulate urban housing markets in the effect of restricting the residential mobility of African Americans and to confining African Americans to undesirable urban neighborhoods, and therefore setting the nature of race relations in northern communities and leading to the national development of twentieth century urban ghettos. In effect of this mass migration, racially motivated actions of individual American citizens, private housing institutions,...

Words: 6457 - Pages: 26

Premium Essay

Dlf Strategic Analysis

...STRATEGIC ANALYSIS OF DLF DLF INDIA PRIVATE LIMITED DLF INDIA PRIVATE LIMITED INTRODUCTION: DLF Limited (Delhi Land & Finance) is the largest commercial real estate developer in India. It was founded by Raghuvendra Singh in 1946 and is based in New Delhi, India. The company operates through three reportable segments, namely, residential, commercial, and retail. It is associated with the development of residential, commercial and retail properties. The company caters to three segments of the residential market - Super Luxury, Luxury and Mid-Income. The Annuity business of the company comprises mainly of rental businesses of offices and retail. The company is headed by Indian billionaire Kushal Pal Singh. Kushal Pal Singh, according to the Forbes listing of richest billionaires in 2009, was the 98th richest man in the world and the world's richest property developer. The company's US$ 2 billion IPO in July, 2007 was India's biggest IPO in history. In its first quarter results for the period ending 30 June 2007, the company reported a turnover of Rs. 3,120.98 Crore and profits after taxes of Rs. 1,515.48 Crore. VISION MISSION AND VALUES DLF Vision To contribute significantly to building the new India and become the world’s most valuable real estate company. DLF Mission To build world-class real-estate concepts across six business lines with the highest standards of professionalism, ethics, quality and customer service. DLF Values    Sustained efforts to...

Words: 2244 - Pages: 9

Premium Essay

Mutual Funding: Impact on the Ghanaian Economy” (a Case Study of Selected Mutual Fund Companies in Ghana)

...Ghana, the private sector has had it difficult raising capital and adequate funds for investment and other business activities, this led to the undertaking of a number of financial sector reforms by the government. The emergence of mutual funds into the Ghanaian financial sector has been as a result of these reforms. This is to facilitate capital generation and savings mobilization for the private sector to help them accomplish their organizational objectives. It has become evidently clear that, to achieve development in the economy in terms of high gross domestic product (GDP), a better per capita income, less unemployment and reduction in inflation, the private sector of the economy should be encouraged to lead in the generation of wealth. Capital for investment in this country (Ghana) is either sought for internally or externally but the Ghanaian government like its’ counterparts in other African countries have been relying heavily on external funds from developed economies and donor communities to be able to implement public sector development policies. This has not been so easy in recent years due to the diversification of these funds to countries such as China and other Asian countries that are now better investment destinations. Due to the shortfalls in the inflows of expected capital from external sources, government has been competing with the private sector over the limited funds generated internally and this tends to virtually crowd out the private sector. The...

Words: 9310 - Pages: 38

Free Essay

Entrepreneurial Leadership

...fast food burgers they think of long time successes like McDonald’s, Burger King, and Wendy’s but Jerry Murrell and his five sons have been trying to change that since 1986. And depending on who you ask, some might say that they are doing just that. Murrell and family started “Five Guys Burgers and Fries” at a Virginia shopping center with just one restaurant and an initial investment of a little less than $70,000 (Burke, 2012). Now the company has grown and franchised to over 1,000 stores and is worth close to an estimated $500 million (Burke, 2012). Many think that a burger and fries are simple but it is no accident that they have become a successful burger chain. Five Guys Burgers and Fries has a unique business model, philosophy, and culture that are a credit to their success, and understanding and examining these things can help any entrepreneur pave the road for success of their own business. Five Guys’ philosophy The Five Guys philosophy is to keep the business strategy simple, sell burgers and fries, while implementing quick and crucial cooking procedures that result in a quickly delivered but juicier, more upscale burger than other restaurants like McDonald’s (Rosenwald, 2006). The simple menu for Five Guys burgers has just that, burgers and fries. Although many people, customers and franchise owners alike, have begged for the Murrells to expand their menu to include many things that other restaurants offer, the owners refuse. It is not out of laziness or saving money...

Words: 1541 - Pages: 7

Premium Essay

Target Case Study

...following is a case study of the marketing and branding practices which led to Target becoming the United States’ second largest discount retailer. Like other retailers who operate in the ‘discount-merchandise’ space, Target offers a wide range of products, including “clothing, jewelry, sporting goods, household supplies, toys, electronics, groceries, and health and beauty products” (Keller, 2015). Despite the obvious similarities to its competitors in terms of product offerings, Target distinguishes itself from the pack by promoting affordable quality, rather than low prices (as is the case with most retail discounters). As such, Target’s brand has become virtually synonymous with the concept of “cheap chic.” This strategy has made Target one of the most profitable and recognizable brands in the U.S. This essay will examine the branding methods employed by Target to differentiate itself within the retail industry and build significant brand equity among its loyal fans. The Past 50 Years Though the Target concept began to take form in the early 1900’s, operating as a retailer of dry good, the first operation to be named and fully resemble what we now know as Target, wouldn’t open until the early 1960’s. It was at this time that Target founder, George Dayton began to realize the opportunity to separate his brand from the competition by offering nationally-recognized brands at discounted prices, a move that Dayton believed would appeal to “value-conscience” consumers. The text notes...

Words: 2560 - Pages: 11

Premium Essay

Victorian Research Paper

...social hypocrisy, and marginalization of women. Throughout many novels, some particularly based on World War I, postcolonial times, the morality of the Victorians, etc., there is quite an elaborations for these allocations. During this time period, social class systems and the apportionments pre-defined a specific class “ladder” that many people had been either born into and stayed in that specific class or tried to work into a harder class. Some of the connotations of this era were seen to be “prudish”, “suppressed”, and “primitive”. First in the novel Regeneration, the author, Pat Barker, demonstrates the stubborn class divides of English society through the interactions of the officer ranks (typically upper class/ nobles) and private soldiers (almost entirely working class or poor) in its military during WWI. This is the best illustrated through the character of Billy Prior, a working class man who achieves the rank of captain and often reflects upon the tensions in the British army that result from class prejudice. For example, class distinctions were exhibited through English society, especially in the military.  The military is "structured” around class and have many ways recreated the British class system in: aristocratic generals, middle-class officers, and a working class rank. This particular structure made the military more augmented on how men were almost appraised  like children depending on their class distinctions. For example, some soldiers, that came from...

Words: 1477 - Pages: 6

Premium Essay

Mgt 400 Case

...What is culture; 2 – Conceptual culture models; 3 – Culture shock and expatriate adjustment; 4 – Motivation; 5 – Decision making; 6 – Ethics. Textbook: Chapter 2 (Culture & International Management), 7 (Motivation), 9 (Decision Making) Cases: (1) Foundering Expatriate; (2) Black & Decker Readings: “The silent language in overseas business”; “Right ways to manage expats”; “Value in tension: Ethics away from home” What is Culture? 1. What is the definition of culture? Acquired knowledge people use to interpret experience and actions. This knowledge then influence values ,attitude and behavior 2. What are the three levels of culture? What are the examples for each level? Surface level food holidays Underwater level economy customs Deep level value belief 3. How is culture transmitted? Both formal and informal Informal transmission occurs every day as individuals interact with each other, watch television, or read books Formal transmission occurs through efforts to socialize as an individual, such as in schools and government 4. How does culture impact communication in organizations? Culture has an impact on how communication takes place in an organization, what is communicated (e.g., only work related or including personal issues), and the manner in which information is communicated (direct confrontation vs. saving face) 5. What are high-context and low-context cultures? In high-context...

Words: 3205 - Pages: 13

Premium Essay

Starbucks

...Final: A Starbucks Case Study Brian Davis Business Ethics BUSM 4263 Dr. Johnson April 5, 2012 Incorporating Coffee and Business the Starbucks Way The Early Years Starting a Small Group – During a business trip Howard Schultz visited Seattle, WA, investigating why a local coffee shop was outselling Macy’s in specific drip coffee makers. His visit brought him to Starbucks where he first met Jerry Baldwin, Zev Siegl, and Gordon Bowker. Inspired, Howard Schultz sought and achieved employment with Starbucks as the head of marketing, forming a small group of owners and leaders. A small group interaction is, “the process by which three or more members of a group exchange verbal and nonverbal messages in an attempt to influence one another” (Tubbs, 2007, p. 6). As a new member of the Starbucks group Schultz brought fresh new ideas and a vision for future growth and expansion. For example, Schultz helped develop customer-friendly skills that employees utilized to build better relationships with clientele. This process was the beginning of teamwork in the Starbucks Company during the Schultz era. Group Dynamics – Group dynamics is defined as, “the interactions that influence the attitudes and behavior of people when they are grouped with others through either choice or accidental circumstances” (Dictionary.com, 2012, p. 1). Over time the dynamics of the cohesive Starbucks team shifted, after hiring Schultz, causing dissention...

Words: 4272 - Pages: 18