Rising Stars of Private Equity 2023 - Why they are Important

Private equity is a dynamic and ever-changing industry.

In order to stay ahead of the curve, private equity firms need to have a strong pipeline of private equity rising stars.

These individuals are the future of the industry, and they bring fresh ideas and new perspectives to the table.

Private Equity Rising Stars - What are the benefits?

First, they bring new ideas and new perspectives to the table.

The private equity industry is constantly evolving, and rising stars are more likely to be aware of the latest trends and developments.

They can also challenge the status quo and help to find new ways to improve the performance of private equity firms.

Second, private equity rising stars are more likely to be innovative.

They are not afraid to take risks and try new things. This can lead to new and profitable investment opportunities.

Third, rising stars are more likely to be entrepreneurial.

They are driven to succeed and they are not afraid to put in the hard work.

This can lead to the growth and expansion of private equity firms.

How can private equity firms attract and retain them?

There are a number of things that private equity firms can do to attract and retain rising stars. First, they need to offer competitive salaries and benefits packages.

Second, they need to provide opportunities for professional development and growth. Third, they need to create a culture of innovation and entrepreneurship.

Private equity rising stars help firms in a number of ways, including:

• Identifying and evaluating investment opportunities: They can also help to negotiate favorable terms for the firm's investments.

  
  

  
  

• Managing and developing portfolio companies: High performers can help to manage and develop portfolio companies, providing strategic guidance and operational support.

  
  

  
  

• Attracting and retaining talent: High performers can help to attract and retain top talent to the firm.

  
  

• Building strong relationships with stakeholders: High performers can help to build strong relationships with stakeholders, such as investors, lenders, and portfolio company management teams.

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Here are some specific examples of how high performers have helped private equity firms

• In 2019, Thoma Bravo acquired Blue Prism, a software company that provides robotic process automation (RPA) solutions.

• The acquisition was led by Scott Crandall, a high performer who has extensive experience in the software industry. Crandall helped to identify Blue Prism as a promising investment opportunity and negotiated favorable terms for the acquisition.

  
  

• In 2020, Bain Capital acquired 2U, an education technology company. The acquisition was led by Kirsten Wegner, a high performer who has extensive experience in the education industry. Wegner helped to manage and develop 2U after the acquisition. As a result of the acquisition, Bain Capital has been able to generate significant returns for its investors.

These are just two examples of how high performers have helped private equity firms to achieve their investment goals.

High performers can be a valuable asset to any private equity firm, and they can help to drive performance and generate returns for investors.

Private Equity Rising Stars 2023

Daniel Zwicky, a Principal at Provident Equity Partners, has been named one of the 25 rising stars in private equity in Europe by Private Equity News, the industry’s premier recogniser of talent.

The award recognizes Zwicky’s achievements in the private equity industry, including his work on several successful investments.

Private Equity Rising Stars

Daniel Zwicky joined Providence Equity Partners in 2016 as an associate and has since been promoted twice, latterly to senior vice-president in 2021.

His responsibilities span the entire investment cycle, from sourcing to execution to portfolio management.

Zwicky is known for his strong investment skills and his ability to build relationships with entrepreneurs.

The award is given by Private Equity News, a leading publication in the private equity industry.

The award is based on a number of factors, including investment performance, track record, and leadership skills.

Zwicky is one of 25 winners from across Europe.

Zwicky also currently sits on the boards of three portfolio companies – Superstruct Entertainment, Node4, and Chime Communications – working closely with the management teams.

He was a key member of the team that created Superstruct Entertainment, which it acquired in 2017 and has since made several add-on investments.Within Providence, Zwicky also oversees the London deal sourcing team, which he helped establish.

He mentors two associates and oversees a team of 17 vice presidents, senior associates, and associates.

An avid tennis player, he competed at a national level in Switzerland in his youth. Zwicky was also once a semi-professional floorball – a type of hockey – player in the Swiss national league.

The 25 Rising Stars of Private Equity in Europe is awarded by Private Equity News, an independent third party that is not affiliated with Rainmakrr

Linklaters Hires Travers Smith Rising Star Partner

Linklaters has hired Genna Marten, a rising star partner at Travers Smith, as a partner in its private equity and financial sponsors team.

Marten joins Linklaters from Travers Smith, where she has been a partner since 2018 and is recognised as a leading lawyer in private equity by Law.com

Credits: Photo by Greg Rakozy

Private Equity Rising Stars: The Top Young Leaders in the Industry

Private equity is a type of investment that involves buying and selling shares of private companies. It is a high-risk, high-reward investment strategy that has become increasingly popular in recent years.

As the private equity industry continues to grow, so too does the need for talented professionals who can navigate the complex world of private equity investing.

This has led to the emergence of rising stars in the private equity industry, young professionals who are making a name for themselves and are poised to become the future leaders of the industry.

These rising stars are individuals who have demonstrated exceptional talent, skill, and dedication in their work. They are often recognized for their ability to identify and execute profitable deals, build strong relationships with clients and colleagues, and provide innovative solutions to complex problems.

They come from a variety of backgrounds and have different areas of expertise, but they all share a passion for private equity and a commitment to excellence.

Private Equity Rising Stars 2023 Guide: Key Takeaways

• Private equity rising stars are young professionals who have demonstrated exceptional talent and dedication in the private equity industry.

• These rising stars are recognized for their ability to identify and execute profitable deals, build strong relationships with clients and colleagues, and provide innovative solutions to complex problems.

• As the private equity industry continues to grow, the need for talented professionals who can navigate the complex world of private equity investing will only increase, making the rising stars of today the leaders of tomorrow.

The Emergence of Rising Stars in Private Equity

Private equity firms are witnessing a new trend as young professionals, junior staff, and young executives are emerging as rising stars in the industry. These talented individuals are making a name for themselves by demonstrating their expertise in deal-making, portfolio management, and value creation.

The Rising Stars of Private Equity list, published annually by leading financial publications, highlights the most talented individuals under 40 years of age who are making a significant impact in the private equity industry. The list recognises young professionals who have demonstrated exceptional skills, leadership, and potential to become the future leaders of the industry.

In 2021, despite the challenging economic and social environment caused by the COVID-19 pandemic, the private equity industry witnessed the emergence of several rising stars who stood out for their exceptional performance. Financial News published its list of the 25 Rising Stars of Private Equity in Europe, which included talented individuals from various sectors, including healthcare, technology, and energy.

Private Equity Rising Stars 2023 Guide

These rising stars are bringing fresh perspectives and innovative ideas to the industry, challenging the status quo and driving change. They are leveraging their experience and skills to identify new investment opportunities, create value for portfolio companies, and deliver strong returns to investors.

As the private equity industry continues to evolve, the emergence of rising stars is a positive sign for the future. These young professionals are the future leaders of the industry, and their talent, energy, and passion will help shape the industry's direction for years to come.

Notable Rising Stars and Their Achievements

Private equity has seen a steady rise in the number of rising stars who have made a significant impact in the industry. These high achievers have demonstrated their ability to help shape the future of their firms, and their achievements have not gone unnoticed.

Here are a few notable rising stars and their recent promotions:

• Emily Davies, who was recently promoted to Partner at Inflexion, has been recognised for her work in the healthcare sector. She led the acquisition of Xendo, a leading provider of regulatory affairs and pharmacovigilance services, and has been instrumental in the growth of Inflexion's healthcare portfolio.

• Alastair Brown, who was promoted to Principal at Warburg Pincus, has been recognised for his work in the financial services sector. He played a key role in the acquisition of FIS, a leading provider of technology solutions for the financial services industry, and has been instrumental in the growth of Warburg Pincus' financial services portfolio.

• Sofia Johansson, who was recently promoted to Principal at Nordic Capital, has been recognised for her work in the consumer goods sector. She led the acquisition of Oriflame, a leading beauty company, and has been instrumental in the growth of Nordic Capital's consumer goods portfolio.

• Tom Smith, who was promoted to Vice President at Blackstone, has been recognised for his work in the real estate sector. He played a key role in the acquisition of The Bourse, a landmark building in Philadelphia, and has been instrumental in the growth of Blackstone's real estate portfolio.

These rising stars have demonstrated their ability to make a significant impact in their respective sectors, and their recent promotions are a testament to their hard work and dedication. As private equity continues to evolve, it is clear that these rising stars will play a crucial role in shaping the future of the industry.

Impact of Economic Factors on Private Equity

Private equity is a type of investment that involves the acquisition of shares in private companies or the purchase of public companies that will be taken private. The industry is known for its high returns and the ability to generate significant wealth for investors. However, private equity is not immune to economic factors that can impact its performance.

One of the most significant economic factors that affect private equity is interest rates. Rising interest rates can make it more difficult for private equity firms to secure financing for their investments. This can lead to a slowdown in deal activity and a decrease in the number of exits. Conversely, falling interest rates can make it easier for private equity firms to obtain financing, leading to an increase in deal activity.

Inflation is another economic factor that can impact private equity. High inflation can erode the value of investments and reduce returns. Private equity firms may need to adjust their investment strategies to account for inflation and protect their returns. This can include investing in companies that are less sensitive to inflation or investing in assets that can provide a hedge against inflation.

Private Equity Rising Stars 2023 Guide

The economic environment also plays a significant role in the performance of private equity. A strong economy can create a favourable environment for private equity investments, leading to increased deal activity and higher returns. Conversely, a weak economy can make it more challenging for private equity firms to find attractive investment opportunities and generate returns.

In conclusion, economic factors such as interest rates, inflation, and the economic environment can have a significant impact on the performance of private equity. Private equity firms need to be aware of these factors and adjust their investment strategies accordingly to generate the best returns for their investors.

Challenges and Opportunities Amid Covid-19

Private equity firms have been facing a number of challenges and opportunities amid Covid-19. The pandemic has led to a number of changes in the business environment, including lockdowns, supply chain issues, and the need for a new normal in the workplace. However, despite these challenges, there are also opportunities for private equity firms to adapt and thrive in the current environment.

One of the main challenges facing private equity firms is the impact of Covid-19 lockdowns. These lockdowns have led to significant disruptions in the global economy, with many businesses struggling to stay afloat. Private equity firms have had to adapt quickly to these changes, looking for ways to support their portfolio companies and find new investment opportunities.

Another challenge facing private equity firms is the need to adjust to the new normal in the workplace. With many employees working from home, there has been a shift in the way that businesses operate. Private equity firms have had to find ways to manage their teams remotely, while also ensuring that their portfolio companies are able to adapt to this new way of working.

Private Equity Rising Stars 2023 Guide

Supply chain issues have also been a major challenge for private equity firms. With many businesses struggling to source the materials and products they need, private equity firms have had to find new ways to manage their supply chains. This has involved working closely with their portfolio companies to find alternative suppliers and develop new supply chain strategies.

Despite these challenges, there are also opportunities for private equity firms to thrive in the current environment. The pandemic has created new investment opportunities in areas such as healthcare, technology, and e-commerce. Private equity firms have been quick to identify these opportunities, investing in companies that are well-positioned to benefit from the changes brought about by Covid-19.

In conclusion, private equity firms have faced a number of challenges and opportunities amid Covid-19. While the pandemic has created significant disruptions in the business environment, there are also opportunities for private equity firms to adapt and thrive in the current environment. By working closely with their portfolio companies and identifying new investment opportunities, private equity firms can continue to succeed in the years ahead.

The Influence of Key Deals and Add-On Investments

Private equity firms are constantly on the lookout for key deals and add-on investments that can help grow their portfolio companies. These deals can have a significant influence on the overall success of the firm and its investments.

Key deals are often the cornerstone of a private equity firm's investment strategy. These deals involve the acquisition of a company that can serve as a platform for growth and expansion. Portfolio companies that have been acquired through key deals often have a strong market position, a solid management team, and a proven track record of success.

Add-on investments are another important aspect of private equity investing. These investments involve the acquisition of smaller companies that can be integrated into an existing portfolio company to help drive growth and increase profitability. Add-on investments can provide a number of benefits, including access to new markets, increased scale, and improved operational efficiencies.

Private Equity Rising Stars 2023 Guide

Successful key deals and add-on investments require careful planning and execution. Private equity firms must have a clear understanding of the market and the opportunities available, as well as a deep understanding of the target company's operations and management team. They must also be able to identify and mitigate any potential risks associated with the investment.

In order to extract maximum value from key deals and add-on investments, private equity firms must also have strong integration capabilities. This requires a unique mindset and expertise that can help ensure a smooth transition and integration of the acquired company into the portfolio company.

Overall, key deals and add-on investments are critical to the success of private equity firms and their portfolio companies. These investments can provide access to new markets, increased scale, and improved operational efficiencies, all of which can help drive growth and profitability. However, successful execution requires careful planning, execution, and integration capabilities.

The European Perspective

Private equity has been gaining momentum in Europe as interest and exposure towards private markets continue to grow. As a result, private equity customers need solutions to guide investment decisions and manage reporting workflows.

According to S&P Global Market Intelligence, the European perspective on private equity is a promising one. The sector is emerging from the coronavirus crisis, and its future is looking bright.

In 2020, Penews identified 25 rising stars in European private equity who stand out for their ability to help shape the future of their firms. These young executives have been busy dealmaking after the lull caused by the pandemic last year.

Similarly, Financial News has identified the 25 rising stars of private equity in Europe for 2021. This year's crop of up-and-coming young executives in the buyout sector have been busy dealmaking, and they are expected to continue driving growth in the industry in the coming years.

Moreover, private equity rising stars are not limited to dealmakers. International Edition of Law.com has recognized the 25 best up-and-coming lawyers in Europe who are making a name for themselves in private equity. These lawyers are helping to shape the future of the industry by providing legal advice and guidance to private equity firms.

In conclusion, private equity in Europe is a promising sector that is expected to continue growing in the coming years. The rising stars of private equity, including dealmakers and lawyers, are playing a crucial role in shaping the future of the industry.

Role of Legal Industry in Private Equity

The legal industry plays a crucial role in the private equity sector. Attorneys provide legal advice and support to private equity firms throughout the lifecycle of a deal. They help to structure and negotiate transactions, manage regulatory compliance, and provide guidance on various legal issues that may arise during the investment process.

Private equity deals often involve multiple jurisdictions, which can create complex legal challenges. Attorneys with experience in cross-border transactions can help private equity firms navigate these challenges and ensure compliance with local laws and regulations.

Private Equity Rising Stars 2023 Guide

Current legal topics, such as data privacy, cybersecurity, and environmental regulations, also have a significant impact on private equity transactions. Attorneys can help private equity firms stay up-to-date on these issues and provide guidance on how to manage associated risks.

In addition to providing legal advice, attorneys also play a critical role in due diligence. They help to identify potential legal risks associated with a target company and provide recommendations on how to mitigate those risks.

Overall, the legal industry is an essential partner to private equity firms. Attorneys with expertise in private equity transactions and multiple jurisdictions can provide valuable guidance and support throughout the investment process.

Navigating the New Normal: Resources and Tools

Private equity professionals are facing unprecedented challenges in the current economic climate. With rising interest rates, high inflation, and supply chain disruptions, it is more important than ever to have access to the right resources and tools to navigate the new normal.

One valuable resource for private equity professionals is a premium subscription to online, on-demand, and resourceful information. With a team account, professionals can access bundle subscriptions and compliance bundles that cover legal topics, data, and more. Such subscriptions can provide valuable insights into the industry and help professionals stay up-to-date with the latest trends and developments.

In addition to premium subscriptions, there are several industry reports and analyst teams that offer valuable insights into the private equity industry. The AM Law 200 and NLJ 500 are two such reports that provide comprehensive rankings and analysis of the top law firms and legal departments in the United States. Other reports and analyst teams offer insights into specific areas of the industry, such as M&A activity, fundraising, and deal sourcing.

Another valuable tool for private equity professionals is Law.com Compass, a comprehensive legal research platform that provides access to a wide range of legal resources, including case law, statutes, and regulatory guidance. With Law.com Compass, professionals can quickly and easily research legal topics and stay up-to-date with the latest legal developments.

Overall, navigating the new normal requires access to the right resources and tools. Whether it's through premium subscriptions, industry reports, or legal research platforms, private equity professionals must stay informed and up-to-date with the latest trends and developments in order to succeed in today's challenging economic climate.

The Importance of Supporting Junior Staff

Private equity firms rely heavily on the expertise and hard work of their junior staff. These young professionals are often tasked with conducting research, analysing data, and managing day-to-day operations. Despite their crucial role in the success of the firm, junior staff members can sometimes feel neglected or undervalued. That's why it's essential for private equity firms to provide adequate support and mentorship to their junior staff.

Supporting junior staff can take many forms. It can involve providing them with the necessary resources and training to succeed in their role. It can also mean offering regular feedback and guidance to help them grow and develop professionally. By investing in their junior staff, private equity firms can create a culture of learning and growth that benefits everyone.

One way to support junior staff is by assigning them mentors. Mentors can provide valuable insight and guidance to junior staff members, helping them navigate the complex world of private equity. They can also act as a sounding board for ideas and provide constructive feedback on performance. This can be especially important for junior staff members who are new to the industry and may not have a clear understanding of how things work.

Another way to support junior staff is by providing them with opportunities for professional development. This can involve attending conferences, seminars, or training sessions to learn new skills and stay up-to-date on industry trends. It can also mean encouraging them to take on new challenges and responsibilities, such as leading a project or managing a team.

Private Equity Rising Stars 2023 Guide

In conclusion, supporting junior staff is essential for the success of private equity firms. By investing in their junior staff, firms can create a culture of growth and learning that benefits everyone. Whether it's through mentorship, professional development, or regular feedback, private equity firms should make it a priority to support their junior staff members in any way they can.

Fundraising in the Private Equity Sector

Private equity fundraising is a crucial aspect of the industry, as it provides the necessary capital for firms to invest in portfolio companies. According to a report by Intralinks, private equity fundraising in 2021 was strong, with global fundraising reaching $648 billion, an increase of 26% from the previous year.

KKR, one of the largest private equity firms in the world, raised $18.5 billion for its latest flagship fund, KKR Americas XII Fund, in 2021. The fund was oversubscribed and exceeded its target of $12.5 billion. The success of the fundraising can be attributed to KKR's strong track record and reputation in the industry.

Fundraising in the private equity sector is not without its challenges. With increased competition for capital, firms are under pressure to differentiate themselves and offer attractive investment opportunities to limited partners (LPs). This has led to a trend of firms specializing in specific sectors or geographies, such as healthcare or emerging markets.

Another challenge is the length of the fundraising process, which can take up to a year or more. During this time, firms must maintain relationships with existing investors while also attracting new ones. This requires a significant amount of time and resources, including hiring dedicated fundraising professionals.

Despite these challenges, private equity fundraising is expected to remain strong in the coming years. With interest rates remaining low and LPs seeking higher returns, private equity is seen as an attractive asset class. However, as competition increases, firms will need to continue to innovate and differentiate themselves to stand out in a crowded market.

Career Trajectories in Private Equity

Private equity is a highly competitive industry, and it takes a lot of hard work, dedication, and skill to succeed. However, for those who are willing to put in the effort, the rewards can be significant. In this section, we will take a look at some of the career trajectories in private equity, recent promotions, and what it takes to climb the ranks in this industry.

Career Trajectory

The career trajectory in private equity can vary from firm to firm, but it generally follows a similar path. Most professionals start as an analyst or associate, working on due diligence, financial modelling, and other tasks. From there, they can move up to become a vice president, principal, partner, or managing director, depending on the firm's structure.

To move up the ladder, private equity professionals need to demonstrate their skills and expertise, as well as their ability to generate returns for the firm. They also need to build relationships with investors, portfolio companies, and other stakeholders in the industry.

Promotions

Promotions in private equity are typically based on merit and performance, rather than seniority or tenure. Analysts and associates can expect to be promoted to vice president after several years of experience, while vice presidents can move up to principal or partner roles after demonstrating their ability to lead deals and generate returns.

Recent promotions in the industry include Clare Dickinson, who was named one of the 25 Rising Stars of Private Equity in 2022 by Financial News. Dickinson is a principal at Hamilton Lane, where she focuses on primary fund investments and co-investments in Europe. Another rising star is KKR's Christina Cho, who was promoted to managing director in 2021. Cho joined KKR in 2013 and has worked on a number of high-profile deals, including the acquisition of Goodpack Limited.

Private Equity Rising Stars 2023 Guide What it Takes to Succeed

To succeed in private equity, professionals need to have a strong work ethic, excellent analytical and financial modelling skills, and the ability to work well under pressure. They also need to be able to build and maintain relationships with investors, portfolio companies, and other stakeholders.

In addition, private equity professionals need to have a deep understanding of the industries they invest in, as well as the ability to identify and evaluate potential investments. They also need to be able to negotiate deals and manage the due diligence process, which can be complex and time-consuming.

Overall, a successful career in private equity requires a combination of hard work, dedication, and skill. However, for those who are willing to put in the effort, the rewards can be significant, both professionally and financially.

Trends and Future Outlook

Private equity has been a thriving industry for many years, with investors seeking out high-growth opportunities and strong returns. However, the industry is not immune to the various challenges that come with a constantly evolving market. In this section, we will explore some of the current trends in private equity and what the future may hold for the industry.

Industry Trends

One of the most significant trends in private equity is the shift towards middle-market deals. Large-cap deal flow has given way to more middle-market deals, which are seen as less risky and more stable. This trend is expected to continue in the future, as investors look for opportunities to invest in companies with strong fundamentals and growth potential.

Another trend that is gaining momentum is the increased focus on ESG (Environmental, Social, and Governance) strategies. Private equity firms are taking a more active role in ensuring that their portfolio companies are operating in a sustainable and responsible manner. This is not only good for the environment and society, but it can also lead to improved financial performance in the long run.

Financial News

According to Financial News, the Rising Stars of Private Equity list for 2023 has been published, and it comes at a time of great uncertainty for the sector. Young professionals on the list are battling with rising interest rates, high inflation, and supply chain issues for their portfolio companies. However, despite these challenges, private equity remains an attractive investment option for many investors.

Private Equity Rising Stars

Private equity rising stars are individuals who have shown exceptional talent and potential in the industry. These individuals are often young professionals who have demonstrated a strong work ethic, excellent analytical skills, and an ability to identify and execute successful investment opportunities.

Looking to the future, the private equity industry is expected to continue to grow and evolve. As investors become more sophisticated and demanding, private equity firms will need to adapt to meet their needs. This may involve a greater focus on technology and data analysis, as well as a continued emphasis on ESG and responsible investing.

In conclusion, the private equity industry is facing a number of challenges, but it remains an attractive investment option for many investors. By staying ahead of the trends and adapting to changing market conditions, private equity firms and rising stars can continue to thrive and deliver strong returns for their investors.

Private Equity Rising Stars 2023 Guide Frequently Asked Questions

Who are the top private equity rising stars in 2023?

The top private equity rising stars in 2023 are a group of young professionals who have demonstrated exceptional performance and potential in the private equity industry. This year's Rising Stars of Private Equity list, published by Private Equity News, features 25 individuals from various firms, including Apax Partners, Blackstone, and KKR.

What criteria are used to determine the best private equity rising stars?

The criteria used to determine the best private equity rising stars vary depending on the publication or organization that creates the list. However, common factors include the individual's track record, leadership skills, innovation, and potential for future success.

How does law.com select their international private equity rising stars?

Law.com selects their international private equity rising stars based on a rigorous research process that includes interviews with peers, clients, and industry experts. The final list features individuals who have demonstrated exceptional legal expertise and business acumen in the private equity industry.

What sets the private equity rising stars apart from other professionals in the industry?

Private equity rising stars stand out from other professionals in the industry due to their exceptional performance, leadership skills, and potential for future success. These individuals have demonstrated the ability to drive value creation for their portfolio companies and are poised to become the next generation of industry leaders.

What trends are emerging in the private equity rising stars landscape?

One trend that is emerging in the private equity rising stars landscape is a focus on ESG (environmental, social, and governance) factors. Many rising stars are incorporating ESG considerations into their investment decisions and portfolio management strategies, reflecting a growing awareness of the importance of sustainability and responsible investing.

How can aspiring private equity professionals become rising stars in the industry?

Aspiring private equity professionals can become rising stars in the industry by developing a strong track record of performance, demonstrating leadership skills, and building a network of contacts and mentors. They should also stay up-to-date on industry trends and developments, and be willing to take on new challenges and responsibilities.

Private Equity Rising Stars