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Profile: Karen Sands, COO, Federated Hermes Private Equity

From psychology to finance; from finance to COO; Karen Sands charts her professional journey, highlighting how her interpersonal skills have helped her reshape teams

A&M launches exec search through acquisition

Professional services firm launches A&M Search by integrating Wilkinson Partners

Column: The performance prescription

Natalia Ramsden of Sofos Associates on the value of integrating health into development programmes

Profile: Jörg Helten, CFO, Maguar Capital

Shares his vision for a centralised IT infrastructure which allows for seamless LP and SP plug-ins as well as the road he is taking to get there

Carry on as before?

Will a new Labour government’s plans for taxing carried interest mean the party is over for PE?

Phoenix’s Steve Darrington retires

Darrington exclusively shares with The Drawdown some final thoughts before concluding his career

Profile: Audrey Kahn, Activa Capital

Five months into her CFO role at the firm, Kahn compares her past experiences in an outsourced and internal senior finance function, as well as balancing personal achievements with professional ones

ECI appoints head of people

Tamsin Webster joins from Fulcrum Asset Management

In Conversation: Connecting high tech with high touch

As processes become increasingly automated and data determined, what role will personal connections and interaction play in the future of private markets?

Ecosystemic change

Matthias Plötz investigates the forces driving diversity and inclusion in private equity

Canoe and InfoGrate partner up

The consulting partnership is aimed at providing outsourced CTO services to family offices

Cost cutters: Four tips for operational resilience

Ace & Company’s managing partner Sally Beh says careful cash management is a crucial step in trying times

Fair HQ and Ciphr team up

Collaboration to help firms accelerate their DEI progress and embed behavioural change in the workplace

Profile: Charles Rousset, Revaia

The CFO/COO shares milestones from the emerging manager’s journey and dives into operational due diligence and collaborating with one’s LPs

Profile: Patrick Ghoche, Inovia Capital

The CFO shares what he has learnt from his versatile experiences in investment banking and working for a public manufacturing firm

NetScientific’s EMV acquires Martlet

London-based deep tech VC EMV Capital will manage Cambridge seed stage investor Martlet Capital’s c.£23.3m portfolio of investments

Petra Funds appoints chief of staff

Steven Antonson previously worked in-house at US VC firm Zero Infinity Partners as CFO and COO

The FTC’s non-compete ban and its consequences

If you or your loved ones have been incentivised to remain at your current employer, you may be entitled to compensation

Top of the ops: Be young, be foolish, be PE?

This episode of TOTO examines talent retention in PE with Kerry Heaton, chief people officer at Hg

Recipe for success(ion)

Chef’s tip: Make sure to carefully fold succession planning into the mixture before cooking up a fundraise

3…2…1… lift-outs!

Could back office lift-outs take off in Europe as an alternative to traditional outsourcing?

Sheenagh Dougall replaces Lesley Cairney as Artemis COO

Cairney’s retirement at the end of May follows that of compliance head Graeme Mitchell in March

Profile: Dorothea Sztopko, Golding Capital Partners

Heralds COOs as the agents of change, discusses their role in digital transformation and highlights the importance of communication

Exec search firms BraddockMatthews and David Barrett combine

Now known as BraddockMatthewsBarrett, the firm aims to reach a wider client base of alternative asset management firms between London, New York and Boston

Column: Optimise to incentivise

Natalia Ramsden of Sofos Advisors considers whether incentive schemes in private equity do enough to develop talent

Normal service: disrupted

GPs are increasingly focusing on culture to convince the next generation of talent to make the industry their destination of choice

Quilvest taps global HR lead

The Drawdown speaks to ex-Pantheon Richard Berke about the transition

5 minutes with… Will Roxburgh, Khepri

The managing partner talks MJ Hudson management buyout origins, the market consolidation in fund administration and its consequences for the rise of boutique firms

EMH Partners promotes several

Maurice Faber appointed SVP of operations; firm welcomes Achim Kreuzer as ESG manager; Leandra Daum appointed finance associate

The Third Party

The borrowers and lenders of fund finance have credit rating company…

Profile: Sally Beh, ACE & Company

Shares some key management tips she has adopted after 11 years at the firm

Carta and Merge combine

The partnership aims to enhance equity management processes

General Atlantic takes minority stake in Partners Capital

Transaction is a bid to support firm with managing succession

LISTEN: Top of the ops: Operational utopia

The Drawdown team tackles the concept of a PE firm that entirely outsources the investment function

My life at ECI Partners

The Drawdown goes undercover and through the firm’s succession programme put in place after the initial founders left

Stake a chance on… New Catalyst Strategic Partners

Jason Howard’s freshly hatched firm, backed by Apollo, aims to support emerging managers, among others

IPEM: Cash and carry

Anxieties about capital and compensation were not far from the surface at the latest IPEM event in Cannes

5 minutes with… Kate Pljaskovova, founder of Fair HQ

The digital D&I tool aims to assist GPs to develop in-house and portfolio company HR strategies through scientific research and industry benchmarks

Eurazeo makes group management appointments

Isabelle Mathieu (left) joins as group chief human resources officer; Coralie Savin (right) as group chief communications officer

Icecapital, Capza top ranked for compensation

The results of a new survey from Armen and HEC suggest France and the Nordics are the place to be if you want carry or equity

Profile: Philippe Renauld, Sienna Investment Managers

The CFO and COO shares his passion for operational excellence, highlights the importance of an LP-centric culture and talks ‘democratisation’ of private markets

Dawn promotes four

In the ops team (pictured), the firm has promoted Adina Goga to director of legal and Gamila Hassan to talent acquisition lead

Networking for introverts

Cressida Hamilton, executive coach at Chryse Coaching, has some advice for those who wince at the thought of corporate small talk

Una Terra appoints founding partner and COO

Yves Frey joins the Swiss VC from investment manager SUSI Partners

Profile: Jesper Frydensberg Rasmussen, Axcel

The CFO discusses the importance of clearly defined roles and how CFOs can support their firm in uncharted economic environments

Catalysing fund administration

Independent fund administrator Alchelyst emerges in Ireland and aims to differentiate itself through employee ownership, state-of-the-art tech and close-quarters service culture

Apis appoints COO

Maggie Abrahams was previously COO at IH International Advisors

Profile: John Mansvelt, Apheon

CFO and AIFM conducting officer tells the story of his transition from audit to PE, his key governance duties and shaping a new cultural identity

Comment: The building blocks

Karma Samdup and Vicki Odette, partners at Haynes & Boone, explore the core elements needed when building a successful PE firm

Operational utopia

If operations professionals made all the decisions, what would the perfect PE firm look like?

Postcards from Portugal: Keep your fund admins closer

In a final reflection from The Drawdown’s Operational Leaders Summit, we highlight views on nearshoring and the need to love your fund admin

Comment: Brand building materials

Olivia Barry of Prosek Partners explains how social media and branding have become increasingly important to private market fundraising

Column: Tech-tonic talent

Natalia Ramsden of Sofos Associates argues that AI-led transformations of business will require a seismic shift towards critical thinking

What DEI you mean?

Dynamo’s latest report on ESG reporting finds LPs and GPs have different expectations when it comes to DEI reporting

Postcards from Portugal… Top talent

Attracting and retaining junior talent requires clear direction and HR initiatives

Profile: Martim Avillez, Limerston Capital

The COO and founding partner discusses setting up the firm’s operations, combining them with his investment duties and navigating difficult times

Goddard leaves role at Zetland Capital

The former COO and CFO has been with the special situations house since it was founded in 2016

Firm identity

A tight fundraising environment and ESG fund naming conventions warrant a closer look at the names of private equity entities, writes Matthias Plötz

Abris Capital launches DEI code for portfolio

Firm makes commitments across education, governance, ownership and process with the aim of influencing industry practice

The digital CFO

While most CFOs would protest at the idea of their entire role being outsourced, an example of a plug-in CFO service is the upcoming launch of Corvus Group. Is it time to outsource the CFO entirely?

Stake a chance on… Bonaccord Capital

The firm’s GP stake strategy focuses on capital formation and ‘creating an enduring institution’

Comment: Outsmarting the slowdown

Scott Ramsey of MUFG Investor Services explores how finance and ops leaders are laying the groundwork for growth

PFA launches compensation module

Tool to provide analytics, management reports, compensation letters and leadership summaries

Profile: Gerwin Theiler, capiton AG

The CFO and partner reflects on how the industry has changed and talks shop about continuation vehicles and succession planning

Column: Everyone an ESG expert? Forget about it

Natalia Ramsden of Sofos Associates considers digital dementia, ESG and the value of prioritising critical thinking

(De)generative AI

As AI technology develops, so do the associated risks

Universal Investment’s COO heads up Luxembourg

Etienne Rougier aims to help with UI efa’s growth

Avocado toast and carry

An open ear for the next generation’s concerns and demonstrating how PE can address them could be the key to answering the talent question

The roots of diversity

A diverse hiring process should focus on removing unconscious bias at the roots of your business rather than just getting the optics right

Column: Seeking diversity in adversity

Dörte Höppner of The Riverside Company argues that an economic downturn is the ideal time for PE firms to diversify their talent pools

New tools needed?

CFOs in the European midmarket worry about talent retention and whether their management strategies will be enough to nurture the leaders of tomorrow, writes Jon Whiteaker

Profile: Melanie Wiese, Deutsche Beteiligungs AG

The CFO and member of the board of management walks us through lessons learned in the course of her career and how her passion for a diverse and collaborative culture translates into practice

FCA and PRA propose D&I reporting measures

The consultation papers aim to introduce frameworks to measure D&I objectives

What the AI?!... NGP Capital

VP of data analytics Atte Honkasalo and partner Christian Noske discuss how NGP’s internal startup search platform is shaking up operational workflows

Column: ChatGPT: Enhancement or hindrance?

Natalia Ramsden of Sofos Associates considers the ways AI applications such as ChatGPT could both boost and diminish human cognition

DIY in the wild wild East

Across Lebanon and Palestine, enterprising GPs are piloting their industry with no legislative framework or operational ecosystem, as Matthias Plötz investigates

CVC appoints chief people officer

Katharina Koenig is to succeed global head of HR Helene Thomas

Taking the plunge

The vast pools of capital located in the UAE remain the main draw for private equity firms but a local office is increasingly needed to access them

PER opens New York office

Oliver Noye has been appointed as head of the division

The Drawdown Award Winners: Flavie Jean and Maria Stasse

Flavie Jean and Maria Stasse, co-heads of HR at Ardian, were named HR & Talent Professional of the Year at The Drawdown Awards 2023

Profile: Markus Gyssler, EMERAM Capital Partners

The managing partner and COO reflects on 10 years at the firm, walks through its succession programme and explains how he combines operational with investment duties

‘GPs are becoming more creative’

Following his move from Travers Smith to Dechert, we caught up with fund formation veteran Sam Kay to get his take on the current market

The Drawdown Awards winners: Matt Guy

Matt Guy, associate director at Federated Hermes Private Markets, was named Rising Star of the Year at The Drawdown Awards 2023

Shiny happy people

In conversation with Investindustrial’s head of talent, Cordelia Dolan, we discuss the art of driving value creation through human capital

The Drawdown Awards winners: Kristy Trieste

Kristy Trieste, founding partner of Motive Partners, was named Chief Financial Officer of the Year at The Drawdown Awards 2023

Silicon Roundabout Ventures appoints CTO

The firm’s first operational hire, Ralph King, joins to support its aim of building a ‘tech-driven’ VC company

Stafford Capital cements legal function

Following the appointment of general counsel Jim Marsh in February, The Drawdown can reveal that the firm has now brought in a chief compliance officer

Golding appoints HR partner

Barbara Phélippeau joins the firm to lead the transformation to a sustainable and holistic practice

SET Ventures promotes firm’s first CFO

Leonie Mekel joined the firm in 2016 as a manager for operations and compliance, and was most recently director of finance and operations

Increase in designated ESG managers at PE firms

According to Acuity Knowledge Partners’ 2023 Global Private Markets Outlook, just under 69% of PE firms surveyed have a dedicated ESG professional within their organisation

The Drawdown Awards 2023: Winners announced

Congratulations to all of the winners of The Drawdown Awards 2023

State of substance

How are GPs giving their firms the necessary mass to operate in Luxembourg?

Top CFO priority: Talent retention

Survey finds talent attraction and retention to be the key objective, after asset growth

In-house rules: legal versus compliance

As more lawyers move into in-house roles within private equity, they can take up the mantle of either legal or compliance – but how do these functions cross and diverge?

More than half of GPs anticipate increase in tech budget

New survey findings reveal that 51% of emerging GPs expect larger IT spends during the coming year

One Rock appoints chief people officer

Monica Yavin joins the firm after six years at First Eagle Investment Management

Low carb diet

How can GPs shed the weight of their greenhouse gas emissions within their own organisations

Profile: Brian Mason, BC Partners

The head of technology discusses the human side of tech and its role in decision making

Role call: head of talent

More importance is being placed on the role of chief talent officer and the value it can bring. What competitive edge does it provide?

Montagu promotes nine

Firm makes key appointments across tax, finance and HR departments

Room for improvement

Majority of PE and VC firms below industry standards when it comes to equality, diversity and inclusion but trajectory is upwards, Equality Group finds

Embrace (private) equity

This International Women’s Day, the theme is ‘embrace equity’. We spoke to Jacqueline Taiwo, co-founder of Black Women in Asset Management, to understand her firm’s impact

LPs recalibrating risk appetite

Adams Street Partners’ 2023 Global Investor Survey highlights increasing LP scrutiny and an increased demand for private credit opportunities

PE playing catchup when streamlining operational processes

Intertrust’s new research highlights GPs’ desire to combat operational weaknesses amid changing LP demands

Intern-al culture

Adam Black, partner and head of ESG and sustainability at Coller Capital, details the importance of ESG interns in creating a good culture

Housing in-house counsel

More and more GPs are adding legal counsel to their teams - but how are they faring with the integration process?

Profile: Louise Denning, Montagu

The CFO discusses her remit and operational governance

New risks, new insurance

PE is increasingly recognising the need for directors and officers insurance, while ESG is adding a new dimension to mismanagement claims

Diversity and inclusion executive search firm launches

Follett Parker aims to help women fill senior roles within private equity

Pantheon appoints chief financial officer

Dean Maines joins the firm as CFO and partner, as two senior operations team members are promoted to partner

Profile: Rebecca Roberts, Conviction VC

Co-founder and COO of Conviction VC, Rebecca Roberts, comments on the importance of understanding the needs of her team when building a successful enterprise

‘CFOs are embracing their role as strategic leaders’

Key takeaways from EY’s 10th annual Global Private Equity Survey

Deal breakers

A guide for hiring managers and female candidates when striving to fill senior-level positions

PE’s got IT-alent

As PE is increasingly becoming data- and software-driven, it is struggling to source the talent equipped to leverage new technologies. How can GPs incentivise tech talent to come onboard?

Ambienta promotes CFO to partner

Daniele Gatti’s decade at Ambienta sees him promoted to partner

PE short on tech talent

The gap is particularly wide in automation and cybersecurity, according to a new survey

The great talent depression

Natalia Ramsden of Sofos Associates believes private equity firms can be doing much more to better understand, and therefore attract fresh talent

Discrimination of ethnic minorities remains high

Ineffective HR policies and lack of representation are driving forces, says Reboot

Ardian extends profit sharing to portfolio companies

The firm has partnered with nonprofit organisation Ownership Works to facilitate value sharing

RBS International appoints CRO

Wendy Phillis joins from Link Group