EMPOWERING GROWTH WITHIN GLOBAL PRIVATE EQUITY
Executive Search & Advisory for Investment, M&A and Finance Leadership Current Mandates
Executive Search & Advisory for Investment, M&A and Finance Leadership Current Mandates
Altus Partners has deep rooted relationships with an enviable range of Private Equity General and Limited Partners. We focus on searches for both Investment and Investor Relations professionals, from analyst through to Director Level...
Altus Partners dedicated Portfolio practice was created in response to numerous specific requests from our buy-side clients, who also wanted our continued high standard of service to support their portfolio companies. We have now built an...
Altus Partners Fund Finance and Operations have built an exceptional reputation for it’s deep-rooted knowledge and network of the finance and operations market across Europe...
Altus Partners, a leading Executive Search firm specialising in the private equity industry, is delighted to announce the promotion of Sam Block to Principal within the Investment Practice. Sam has been instrumental in the success of Altus Partners, demonstrating exceptional execution ability and a steadfast commitment to identifying the most talented individuals for Private Equity funds across Europe.Sam Block's expertise lies in conducting investment team searches for a diverse range of Buyout and Growth Equity clients. His deep understanding of the private equity industry and unwavering dedication to delivering outstanding results have made him an invaluable asset to Altus Partners. Since joining the firm, Sam has consistently demonstrated his ability to build and maintain strong client relationships, delivering exceptional outcomes repeatedly.Altus Partners operates as a unified, award-winning team with a wealth of expertise spanning the private equity landscape. Our commitment to excellence and our unwavering focus on identifying the right talent has allowed us to complete over 1,000 executive searches, advising clients with equal rigour whether the mandate is for a Board-level position, an Associate hire, or an interim assignment.At Altus Partners, we recognise the critical importance of providing a comprehensive assessment process that ensures our clients receive the utmost attention to detail in their searches. To that end, we have implemented best-in-class testing and psychometric evaluations, offering a granular understanding of each candidate's capabilities and suitability for the role. This meticulous approach enables us to deliver a customised offering that caters to our esteemed clients' short and long-term needs.For media inquiries or further information, please complete the following form:About Altus Partners:Altus Partners is a renowned executive search and recruitment firm specialising in the private equity industry. With a team of seasoned professionals and an unwavering commitment to excellence, Altus Partners has completed over 1,000 executive searches, providing tailored solutions to meet the unique needs of its clients. Through a meticulous assessment process and a unified, award-winning team, Altus Partners continues to deliver outstanding results and build lasting partnerships within the private equity community.
Altus Partners, a leading Executive Search firm in the private equity industry, is proud to announce the promotion of Dylan Rosser to the position of Associate Director within the Fund Finance and Investment Operations Practice. Dylan has played a pivotal role in the success of Altus Partners, showcasing a high level of rigour and an unwavering focus on delivering exceptional quality candidates for CFO/COO and Investment Operations searches across Europe.Dylan Rosser has provided invaluable guidance and support to funds across Europe. His commitment to exceptional candidate quality and meticulous attention to detail have earned him recognition from CEO Ed Chamberlain. “Dylan has become a highly trusted advisor to several funds, consistently delivering outstanding results. It is great to recognise his hard work and dedication with this promotion”.Altus Partners operates as a unified, award-winning team, offering diverse expertise within the private equity industry. As the demand for identifying the right talent continues to rise, we remain dedicated to building a truly unique platform that delivers customised solutions to meet our esteemed clients' short and long-term needs.With a track record of completing over 1,000 executive searches, Altus Partners approaches every mandate with the same rigour, whether for a Board-level position, an Analyst hire, or an interim assignment. Our commitment to excellence extends to our best-in-class assessment process, which includes comprehensive testing and psychometric evaluations. By providing granular attention to detail, we ensure our clients receive the utmost precision in their talent searches.As we congratulate Dylan Rosser on his well-deserved promotion to Associate Director, Altus Partners remains steadfast in our mission to deliver exceptional talent and maintain our position as a leader in the Executive Search field. We continue to uphold our commitment to building lasting partnerships and providing unparalleled expertise to our clients.For media inquiries or further information, please contact:About Altus Partners:Altus Partners is a renowned executive search and recruitment firm specialising in the private equity industry. With a team of seasoned professionals and an unwavering commitment to excellence, Altus Partners has completed over 1,000 executive searches, providing tailored solutions to meet the unique needs of its clients. Through a meticulous assessment process and a unified, award-winning team, Altus Partners continues to deliver outstanding results and build lasting partnerships within the private equity community.
A recent survey (May 2023) of over 1000 European Private Equity professionals conducted by Altus Partners gave a perspective on the current sentiment surrounding private equity valuations, portfolio activity and recruitment in the European private equity market. Against the backdrop of a decrease in the European Private Equity deal count, how would the private equity professionals describe the trend in company valuations?Participants were asked to articulate the current trend in company valuations, set against the backdrop of a decrease in the Private Equity deal count in the region. The survey results illuminated an undercurrent of cautiousness that increasingly dominates the investment landscape in private equity.Out of the 1321 private equity respondents, a significant majority (62%) perceive that private equity valuations have dropped. This sentiment mirrors a broader market feeling of softening or a recalibration from a previously bullish market characterised by high private equity valuations. The changing dynamics in the private equity market could be a reaction to the decline in the deal count, which could be instigated by multiple macroeconomic influences such as geopolitical tensions, regulatory changes, or economic ambiguity. The recent Pitchbooks Europe report corroborates this analysis, with growth equity deals accounting for just 17.2% of deal count in Q1 2023 as already-high valuations and more expensive debt cause managers to turn away from multiple expansion strategies.Conversely, just over 20% of private equity respondents believe valuations have retained consistency despite declining deal count. This suggests that the drop in the deal count doesn't necessarily signal a bearish private equity market but could indicate a more selective investment approach. Investors might focus on strategies such as buy-and-build, over multiple platform acquisitions. Interestingly, a small group of private equity professionals (6%) believe that the valuations have risen, despite the decrease in the deal count. This signals that some investors are still identifying ample opportunities in the current private equity landscape, indicative of resilience or growth within specific sectors or niches, such as Healthcare or some aspects of Tech.Overall, the predominant sentiment suggests that the European private equity landscape is undergoing some recalibration. Market participants in private equity are leaning towards a perception of diminishing company valuations, though some maintain a more stable or even optimistic perspective.What are the biggest challenges within your fund or private equity-backed portfolio company?To better understand the complexities in the private equity landscape, our survey also inquired about the most pressing challenges within private equity funds or portfolio companies. The responses were varied, reflecting the multifaceted challenges encountered in different aspects of private equity investments.The data revealed that 'exit strategy timing' emerged as a common concern among the participants, with 17% of respondents indicating this as a significant challenge. The complexity of executing successful and timely exits has increased due to fluctuating market conditions, increased competition for high-value exit opportunities, and the evolving nature of the private equity market. In light of the decreased deal count and value reported in Q1 2023, private equity firms will likely focus more on securing a profitable exit strategy.Industry and market volatility was another significant challenge identified by the participants, with 11% of respondents highlighting this issue. This reflects the uncertainty and unpredictable changes that geopolitical events, regulatory changes, and macroeconomic situations can exert on deal structures, valuations, and the overall profitability of private equity investments. This element of unpredictability necessitates a dynamic and adaptive approach to investing in the private equity landscape.Deal origination and sourcing were also highlighted as notable challenges by respondents. With a decrease in the number of deals in the market, identifying and securing high-potential deals has become more competitive, necessitating a more proactive and innovative approach to deal sourcing. In response to the challenge of deal origination and sourcing, many private equity firms are embracing technological advancements to gain a competitive edge. The rise of data analytics and artificial intelligence (AI) is now playing a significant role in reshaping the methods by which these firms approach to deal sourcing.Considering the current challenging market conditions, how has it influenced your career plans?Given the challenging market conditions, career planning in private equity has become increasingly complex. The survey shows that 32% of private equity professionals are actively considering a job move driven by market uncertainties and the resulting challenges. This demonstrates the considerable impact that market conditions have on career decision-making processes. For these individuals, the challenges in the private equity landscape have sparked the impetus for change, potentially seeking opportunities in different sectors or exploring new roles within the industry that offer stability or promise better returns.However, an almost equal percentage of respondents (29%) indicated that their career plans in private equity remain unchanged despite the challenging market environment. This dichotomy reveals the divergent sentiments among private equity professionals. It highlights how challenging market conditions can polarise career intentions, prompting some professionals to consider job mobility while causing others to double down on their existing paths.Moreover, these divergent career plans within the private equity sector underscore the sector's dynamic nature and the broader implications of market shifts. Market conditions affect investment decisions and the career paths of the individuals who navigate this industry daily. The ripple effects of these market shifts can be far-reaching, influencing both the investment strategies at a macro level and the individual career trajectories at a micro level.As the European private equity landscape continues to evolve, it will be essential to watch how these career intentions manifest themselves within the broader context of the market. Will those seeking a job change find greener pastures, or will those who stay the course see their resilience pay off? Only time will tell, but one thing is certain: the private equity sector will continue to be a dynamic and challenging landscape that keeps its professionals on their toes.Insights and advice: As we navigate these intriguing times in the private equity landscape, informed insights and expert guidance become more crucial than ever. For comprehensive analyses of the European Private Equity Market and bespoke advisory on career development and leadership strategies within the sector, we invite you to contact us.At Altus Partners, we are dedicated to providing you with the most relevant industry updates and tailored advice to help you navigate the market complexities and make the right decisions for your career. Leveraging our deep industry knowledge and experience, we can guide you through the current challenges and prepare you for the opportunities ahead.Please don't hesitate to contact us:
Altus Partners is delighted to announce the well-deserved promotion of Harvey Von Biel to Principal. Harvey has been an invaluable investment team member, reporting to Partner Ed Chamberlain, and has played a pivotal role in the firm's success in Executive Searches for investment professionals in private credit.With his exceptional skills and extensive experience, Harvey has been covering Europe and has been with the business for two years. During his tenure, Harvey has displayed a remarkable work ethic and an unwavering commitment to delivering exceptional results. His promotion is a testament to his hard work, dedication, and excellent performance on searches for a range of clients.Altus Partners is a leading Executive Search firm that specialises in Private Equity and Portfolio Companies. We provide a range of talent solutions across investments, corporate development, IR, and C-Suite roles. We are committed to delivering exceptional results and building long-term relationships with our clients based on trust, integrity, and partnership.The firm's commitment to excellence and exceptional service has been recognized through numerous awards, including Private Equity Wire's Best Buyside Executive Search Firm 2019 and AI Magazine's Best Buyside Executive Search Firm 2019 and 2020 and the Private Credit Awards in 2022. Altus Harvey's promotion is a testament to Altus Partners' unwavering commitment to recognising and nurturing talent within the firm. The firm is confident that Harvey will continue to play a crucial role in the team's success and looks forward to his continued contributions to the firm's growth. Partner Ed Chamberlain has expressed his best wishes for Harvey, stating, “I wish Harvey all the best in his new role, and I have no doubt that he will continue to excel and contribute to the success of the Investment Practice.”
Altus Partners is excited to announce the addition of Curtis Millington to their team as a Senior Associate in the Fund Finance practice. In this role, he will be responsible for placing C-level executives into various mandates across the UK and Europe. Curtis brings a wealth of knowledge and experience in executive search, focusing on the finance sector, including private equity, debt, credit, and asset management.With a proven track record in recruiting mid-senior level talent for private equity funds across Europe, Curtis's expertise will be instrumental in driving the growth of Altus's Fund Finance Practice. Ed Chamberlain, Partner at Altus, expresses his confidence in Curtis's ability to contribute to the company's expansion, stating, "Altus is experiencing significant growth in its Fund Finance department, and Curtis's experience and expertise in this area will be valuable in expanding the business further."Overall, Altus Partners looks forward to leveraging Curtis's skills and knowledge to enhance further their ability to provide exceptional executive search services to their clients. His appointment is a testament to the company's commitment to hiring top talent and investing in its growth.About Altus Partners Altus Partners stands for quality and integrity and is committed to empowering growth within global private equity. We provide Executive Search & Advisory for Investment, M&A and Finance leadership.We strive to change the private equity sector by promoting diversity and equality. Our mission is to challenge the status quo and create a more open, inclusive industry where everyone has an equal opportunity to succeed. We believe that together, we can make this happen.We do this by being committed to delivering the highest quality outcomes for our clients and candidates. Our specialist methodology and industry expertise have enabled us to become leaders in our field and strive to provide the best in every aspect of our work. We are proud to have built a reputation for excellence that sets us apart from the competition.
How will Europe's Private Capital market evolve in the next year? With innovative technologies driving growth and reshaping traditional markets, investors will be challenged and rewarded by upcoming developments over these coming years.We are delighted to announce the release of the Altus Partners Compensation Survey for Investment and Investor Relations Professionals 2023. Please request a copy of the complete investment survey here. Or investor relations here.COMPENSATION TRENDS SUMMARYIn the past few years, the competition for talent has reached seemingly unprecedented heights; however, this trend appears to be stabilising. As employers step back and evaluate their options in an environment of increased choice, the power differential between job seekers and recruiters may gradually lessen.With Private Capital firms vying for talent from Investment Banks, the latter have had to adjust their compensation packages accordingly. Junior positions in these Banks are seeing a considerable increase as they prioritise cash-focused incentives over more senior roles; meanwhile, operating professionals at the Principal level can also expect an uptick, albeit small – while Managing Partner/ Partner levels see base salaries are not reflective of such significant increases.Despite some encouraging findings, the survey uncovered that more work needs to be done regarding gender differences in compensation. Female representation in senior roles still needs to be more sparse, resulting in companies offering higher salaries for retention. It was also determined that there are discrepancies between female remuneration at lower-level jobs. Likewise, businesses need robust policies around parental leave so women do not encounter financial implications due to taking time off from work.The immediate future looks uncertain, with inflation, banking troubles and political conflict roiling economies worldwide. Businesses must pay close attention to compensation models, especially base salaries in the U.K. Doing so can help them remain steady through challenging times and, most importantly, maintain a healthy talent attraction approach.SURVEY OBSERVATIONS SUMMARY: Q: Do you feel your current compensation is:Despite increasing compensation in the industry, many employees still felt the need to be satisfied with their pay. Almost half (46.7%) feel they are compensated at market rate, and over 50% thought theirs were below the expected level. There is a discrepancy between actual salaries offered and employee expectations due to changes in labour markets and/or general cost of living pressures - both having an unavoidable impact on salary levels today more than ever before. To ensure fair pay and to attract and maintain high-quality talent, companies must review wages periodically while providing job role standards that align with current remuneration trends within respective industries. Competitive market payments are essential for sustaining employee satisfaction and motivation and encouraging tenures across organisations.Q: If you were to move, how much of a % increase would you expect to receive in your total compensation?Companies should be aware of the market's response to current economic conditions. A realignment is needed, with 65% expecting an increase in compensation. The next few years will see salaries readjusted accordingly, and companies must plan for this transition period - leading up to 2025 when all adjustments are complete. A clear understanding of the changing marketplace is necessary to ensure employers prepare themselves financially before any drastic changes occur.Q: What is your most attractive benefit when looking to move?According to our research, transparency around carry has become increasingly shrouded over time. Especially at the entry-level, employees are often left in the dark about sweeteners, such as incentive schemes that could help motivate them during their initial years of work. To remedy this situation, companies should adopt a proactive attitude and begin providing access to these benefits earlier, especially for those just starting their careers. The rationale stems from most talent attrition at the junior levels, which speaks to the significance which employers need to award to this matter. Q: Do current market conditions make you more or less likely to leave your employer?In today's shifting economy, employers should face the reality of the impediments of external conditions' on talent retention. Survey results showed that 25% are more likely to leave their current employer in light of market forces, and 34.72% are less willing to do so - a stark reflection of how economic influences vastly shape employee decisions about job security and mobility. Employers should consider these changing trends when formulating strategies for recruitment, development, and long-term stability within their organisations. Read the full report here.or contact us:
Altus Partners is pleased to announce that James Clow has been promoted to Principal in the Portfolio Practice.James has worked at Altus Partners for over two years and has been a critical player in advancing Altus Partner’s Portfolio practice. In his new role, he will continue to strive for excellence by upholding Altus Partners’ values and drivers while aiding its further expansion across Europe.About Altus PartnersAltus Partners stands for quality and integrity and is committed to empowering growth within global private equity. We provide Executive Search & Advisory for Investment, M&A and Finance leadership.We strive to change the private equity sector by promoting diversity and equality. Our mission is to challenge the status quo and create a more open, inclusive industry where everyone has an equal opportunity to succeed. We believe that together, we can make this happen.We do this by being committed to delivering the highest quality outcomes for our clients and candidates. Our specialist methodology and industry expertise have enabled us to become leaders in our field and strive to provide the best in every aspect of our work. We are proud to have built a reputation for excellence that sets us apart from the competition.
In conjunction with this year’s International Women's Day, Altus Partners has been taking part in an ambitious cycling journey – five colleagues are riding 500 miles over the course of eight days to raise money for the charity Smart Works.Smart Works is a fantastic charity that understands that job interviews can be challenging and a barrier to success. To break the cycle of failed interviews and unemployment, the charity offers a combination of dressing and coaching services, enabling their clients to become their most confident selves. The team wants to help support the incredible work that the charity does to help women achieve success in their careers and are proud to be raising funds to support Smart Works’ mission to double the number of women it helps each year. To show you how powerful this money can be in creating positive change, I’d like to share a remark from Sarah, a woman who was recently assisted by Smart Works: ‘Smart Works enabled me to feel empowered, they were the most uplifting group of women from reception to the stylist and then interview coach. Considering I hadn’t interviewed for around 10 years and was trying to move into a brand new sector after a long career in fashion, the interviews went really well.’ With your help, we can enable more women like Sarah to access this incredible service. Every donation counts – so please donate what you can through the link below. Thank you for your support! https://www.cycleforsmartworks.org.uk/teams/team-altus
The Global Impact Investing Network (GIIN) 2020 Annual Impact Investor Survey estimated the impact investing sector at $715 billion globally. Private Equity is one of the most active asset classes in the industry and has seen a significant uptick in capital flows into impact strategies. Private Equity firms have been criticised, in the past, for their low levels of transparency and accountability. However, recent demands from LPs on GPs, have seen a differentiation in how Private Equity firms commit to capital across environmental, social, and governance, pillars. Whilst this is an evolving discipline, the UN SDGs have been a credible cardinal point to both LPs and GPs.Private Equity funds' commitment to SustainabilityPrivate Equity firms increasingly recognise the importance of sustainability. This is typically called "impact investing" and involves measuring environmental, social, and governance (ESG) metrics before investing in a company. The impact investing institute found that 97% of survey respondents believed that asset allocation to impact investing had increased over the past two years, and 75% of respondents believed that “impact investing has become mainstream”. Private Equity firms are also collaborating with environmental organisations to develop new tools and strategies for measuring ESG performance. For example, the Private Equity Growth Capital Council (PEGCC) recently partnered with the World Resources Institute (WRI) to create a global framework for evaluating companies based on their commitment to sustainability goals and climate change objectives. Further to this, Private Equity funds such as Bridgepoint, CVC Capital Partners, EQT, and Apax have all become signatories of Article 9. This means they must meet specific criteria when assessing potential investments, including environmental impacts, social aspects, and governance principles. “There is surging interest in impact from both institutional and retail investors, and a large proportion of that being driven by investors’ desire to have investments aligned with their priorities and values. Regulation is also a factor, as several net-zero initiatives are gathering momentum globally that incentivize impact investments.”— Matt Autrey, Partner, Primary Investments - Private Equity International (PEI) InterviewNew Private Markets recently reported that a 'significant acceleration of LP interest' in climate had helped Lightrock close a EUR860m fund. This example demonstrates that the Private Equity sector is increasingly incentivised to take sustainability seriously, as LPs are increasingly likely to allocate their capital to funds prioritising sustainability. Are critics correct in arguing for Sustainability activity amongst Private Equity funds being driven by industry trends?Despite the surge of Private Equity initiatives geared toward sustainability, some critics have suggested that much of it is merely "greenwashing" — masking the actual need for demonstrated change whilst still vying for commercial wins. Thus, while Private Equity increasingly takes sustainability seriously, there's much debate over whether or not it has genuinely embraced sustainability as a core part of its business model. If this trend continues and the sector begins to devote significantly more resources to sustainable investments, then perhaps we can say that Private Equity is indeed leading the charge for sustainability. Andrea Bonomi – Invest Industrials Chairman, says Private Equity is "a natural home" for environmental, social and governance (ESG) activities. "We are longer-term investors," he says. "We have to be able to hold our businesses for 10 years, and over that timeframe, no one can ignore ESG".Is this bad if Private Equity sees and embraces the global trend rather than trying to save the world? The truth is that Private Equity funds are responding to the demands of their investors, and ultimately, it's up to them (and their investors) to decide how they allocate capital. That said, as more investors become aware of the long-term risks associated with Sustainability issues, Private Equity will likely have to take Sustainability even more seriously to remain competitive. For example, specific ESG requirements may need to be met before an investor even considers a fund for investment. Ultimately, if Private Equity can use its resources and influence for good – by investing in sustainable projects or businesses – this could be seen as a positive step towards achieving global sustainability goals. Is there a demand for ESG talent?The demand for qualified ESG talent across sectors and industries exceeds the supply. GreenBiz’s Joel Makower covered last year, "the ESG talent war can be characterised as an all-hands-on-deck situation with too few skilled hands and lots of decks to manage. Weeks out from the start of Q4 2022, hands are still in short supply while more ships are setting sail — including those navigating private market waters." David Stangis - CSO at private equity firm Apollo Global Management commented, "I get the question literally every day". "How can I break into ESG? I often get asked, for example, ‘What's the one course or certification I need to get into this space?’ — but that doesn't exist." So how does Private Equity meet the talent shortage in ESG? Private Equity firms have responded to the ESG talent shortage by leaning heavily on external resources, such as independent consultants and boutique advisory firms. In addition, many Private Equity firms are cultivating in-house teams of specialists who can manage the rigorous demands of sustainability due diligence and ongoing monitoring. Other firms are investing more heavily in technology and data solutions that can help streamline processes related to ESG management. In the short term, funds need to be more flexible about where they source experienced professionals, which may extend beyond traditional ESG roles. Private Equity firms can look to other sectors and industries, such as non-financial corporates or banking, to find experienced individuals with the necessary skills to support their sustainability initiatives. Ultimately, combining external resources, internal teams, and technology solutions can help Private Equity firms stay competitive in an increasingly crowded market while meeting their sustainability goals. Investment teams must have access to sustainability expertise with experience and knowledge about financial markets in general and Private Equity specifically. It is likely, therefore, that there will be a continued demand for in-house ESG expertise and the appointment of ESG specialists to increasingly senior roles.Conclusion: The Sustainability movement cannot be done without the help of Private Equity firms. Their recent influx of investments has been seen as a step in the right direction and strengthens the belief that they are taking the lead in Sustainability initiatives. However, some critics remain unconvinced, citing that their (GPs) interest could be attributed to pursuing a trend. Ultimately, their intentions must be judged against their hard evidence of results. Regardless, there is little doubt that Private Equity firms are key to furthering Sustainability and developing innovative new solutions.If you would like to share your opinion or learn more about sustainability efforts supported by Private Equity firms, get in touch with us today at info@altus-partners.com.
The next in our Altus Partners spotlight series focuses on our ESG and Sustainable team within the Altus Partners Investments practice. We sat down with Gizelle to learn more about her role and how she supports firms with their growth plans.Tell us a little more about your role in the business: I form a part of the Investment practice, concentrating on Impact investing hires with a special focus on Emerging market hires. Parallel to this, I support Private Market firms with the build out of internal ESG/ Sustainable teams which ultimately guides what responsible investment should represent in respective organizations. I consult to our clients on key market (candidate) drivers and influencers which better inform hiring strategies and recruitment processes. Given the geographic scope of my work I support clients with a continental Europe presence as well as those based on respective continents specific to emerging markets. Outside of my core practice, I support Altus Partners on driving key Diversity initiatives where I have partnered with programmes who are at the forefront of advocating for diversity and inclusion in the workplace, particularly at the early-stage career. My participation has included a serving as a panellist for events designed for women returning to work and educating university level females on a best practice in preparation for interviewing within the Alternative Investing world. I have spearheaded Altus Partners’ first internship program in support of Diversity. What does your Practice focus on: The concentration of practice focus includes the placement of experienced investment professionals into Private Equity firms which have a clear investment strategy dedicated to creating positive impact, where impact is defined as a part of their investment strategy and may take into account the UN SDGs. This extends to Private Equity firms which have a specialized focus on Emerging markets. The ESG/ Sustainability part of my practice focuses on professionals who have a hybrid suite of skills on key ESG/ Sustainability topics and either knowledge or demonstrated experience within Private Markets. What kind of clients do you partner with and with what kind of searches: My clients include Impact Investment funds and traditional Private Equity firms who are committed to building a complementary ESG/ Sustainability practice alongside their investment function. What is your approach to supporting businesses with their executive search: Partnering in a consultative and transparent manner is an important part of my client relationships, across both established and developing. Understanding the objective behind each hire and its significance within a business practice is critical to the direction and success of a search. Equal to this is the consultative engagement with my candidates which allows for a collaborative and connected experience. What do you expect the trends for early 2023 to look like within your area: Private Equity being resilient in its nature and long-term investing strategy may still allow for a healthy degree of hiring. Albeit this will often be guided by macro- and micro-economic influences. The optimism behind hiring within Private Equity extends to the healthy pool of dry powder available. A caution to be mindful of includes the heat of the battle which fund raising is set to face – to what extent will this influence Private Equity hiring is yet to be seen. Greater demand is being received by GPs, from LPs, specific to ESG and Responsible investing data, compliance, and value creation metrics. Resultantly Private Equity firms, irrespective of AUM, will have to ensure that there are dedicated internal resources to support and drive this critical agenda. Resultantly hiring in this sphere could be quite buoyant. Lastly, diversity will continue to receive its due attention. However, being the evolving domain that it is, there is no specific criteria on which areas of diversity will see the most attention in Alternative Investing. What advice would you give to businesses looking to hire within their ESG and Sustainability teams? My delivery across mandates in this area has shown that success stems from the initial buy-in of ESG/ Sustainability strategy at the board level. Once this is affirmed, there is conviction in what takes place thereafter and how the opportunity is received in the market. There should be clear parameters on what these teams need to deliver on, guided by quantifiable and a forward-thinking approach. Organizations which have a less robust strategy behind the framework of an ESG/ Sustainability practice and not being aware of how this will integrate with investment teams, resultantly endure drawn-out processes which create a poor candidate impression. By simply addressing what the success of such a team should represent will carefully direct hiring, allow for a well-informed process, and a strengthened market positioning for organizations at a time where ESG and Sustainability talent are one of the most sought after in Private Markets. About Altus Partners Altus Partners stands for quality and integrity and is committed to empowering growth within global private equity. We provide Executive Search & Advisory for Investment, M&A and Finance leadership. We strive to change the private equity sector by promoting diversity and equality. Our mission is to challenge the status quo and create a more open, inclusive industry where everyone has an equal opportunity to succeed. We believe that together, we can make this happen. We do this by being committed to delivering the highest quality outcomes for our clients and candidates. Our specialist methodology and industry expertise have enabled us to become leaders in our field and strive to provide the best in every aspect of our work. We are proud to have built a reputation for excellence that sets us apart from the competition.
Altus Partners, a leading Executive Search firm specialising in the private equity industry, is delighted to announce the promotion of Sam Block to Principal within the Investment Practice. Sam has been instrumental in the success of Altus Partners, demonstrating exceptional execution ability and a steadfast commitment to identifying the most talented individuals for Private Equity funds across Europe.Sam Block's expertise lies in conducting investment team searches for a diverse range of Buyout and Growth Equity clients. His deep understanding of the private equity industry and unwavering dedication to delivering outstanding results have made him an invaluable asset to Altus Partners. Since joining the firm, Sam has consistently demonstrated his ability to build and maintain strong client relationships, delivering exceptional outcomes repeatedly.Altus Partners operates as a unified, award-winning team with a wealth of expertise spanning the private equity landscape. Our commitment to excellence and our unwavering focus on identifying the right talent has allowed us to complete over 1,000 executive searches, advising clients with equal rigour whether the mandate is for a Board-level position, an Associate hire, or an interim assignment.At Altus Partners, we recognise the critical importance of providing a comprehensive assessment process that ensures our clients receive the utmost attention to detail in their searches. To that end, we have implemented best-in-class testing and psychometric evaluations, offering a granular understanding of each candidate's capabilities and suitability for the role. This meticulous approach enables us to deliver a customised offering that caters to our esteemed clients' short and long-term needs.For media inquiries or further information, please complete the following form:About Altus Partners:Altus Partners is a renowned executive search and recruitment firm specialising in the private equity industry. With a team of seasoned professionals and an unwavering commitment to excellence, Altus Partners has completed over 1,000 executive searches, providing tailored solutions to meet the unique needs of its clients. Through a meticulous assessment process and a unified, award-winning team, Altus Partners continues to deliver outstanding results and build lasting partnerships within the private equity community.
Altus Partners, a leading Executive Search firm in the private equity industry, is proud to announce the promotion of Dylan Rosser to the position of Associate Director within the Fund Finance and Investment Operations Practice. Dylan has played a pivotal role in the success of Altus Partners, showcasing a high level of rigour and an unwavering focus on delivering exceptional quality candidates for CFO/COO and Investment Operations searches across Europe.Dylan Rosser has provided invaluable guidance and support to funds across Europe. His commitment to exceptional candidate quality and meticulous attention to detail have earned him recognition from CEO Ed Chamberlain. “Dylan has become a highly trusted advisor to several funds, consistently delivering outstanding results. It is great to recognise his hard work and dedication with this promotion”.Altus Partners operates as a unified, award-winning team, offering diverse expertise within the private equity industry. As the demand for identifying the right talent continues to rise, we remain dedicated to building a truly unique platform that delivers customised solutions to meet our esteemed clients' short and long-term needs.With a track record of completing over 1,000 executive searches, Altus Partners approaches every mandate with the same rigour, whether for a Board-level position, an Analyst hire, or an interim assignment. Our commitment to excellence extends to our best-in-class assessment process, which includes comprehensive testing and psychometric evaluations. By providing granular attention to detail, we ensure our clients receive the utmost precision in their talent searches.As we congratulate Dylan Rosser on his well-deserved promotion to Associate Director, Altus Partners remains steadfast in our mission to deliver exceptional talent and maintain our position as a leader in the Executive Search field. We continue to uphold our commitment to building lasting partnerships and providing unparalleled expertise to our clients.For media inquiries or further information, please contact:About Altus Partners:Altus Partners is a renowned executive search and recruitment firm specialising in the private equity industry. With a team of seasoned professionals and an unwavering commitment to excellence, Altus Partners has completed over 1,000 executive searches, providing tailored solutions to meet the unique needs of its clients. Through a meticulous assessment process and a unified, award-winning team, Altus Partners continues to deliver outstanding results and build lasting partnerships within the private equity community.
A recent survey (May 2023) of over 1000 European Private Equity professionals conducted by Altus Partners gave a perspective on the current sentiment surrounding private equity valuations, portfolio activity and recruitment in the European private equity market. Against the backdrop of a decrease in the European Private Equity deal count, how would the private equity professionals describe the trend in company valuations?Participants were asked to articulate the current trend in company valuations, set against the backdrop of a decrease in the Private Equity deal count in the region. The survey results illuminated an undercurrent of cautiousness that increasingly dominates the investment landscape in private equity.Out of the 1321 private equity respondents, a significant majority (62%) perceive that private equity valuations have dropped. This sentiment mirrors a broader market feeling of softening or a recalibration from a previously bullish market characterised by high private equity valuations. The changing dynamics in the private equity market could be a reaction to the decline in the deal count, which could be instigated by multiple macroeconomic influences such as geopolitical tensions, regulatory changes, or economic ambiguity. The recent Pitchbooks Europe report corroborates this analysis, with growth equity deals accounting for just 17.2% of deal count in Q1 2023 as already-high valuations and more expensive debt cause managers to turn away from multiple expansion strategies.Conversely, just over 20% of private equity respondents believe valuations have retained consistency despite declining deal count. This suggests that the drop in the deal count doesn't necessarily signal a bearish private equity market but could indicate a more selective investment approach. Investors might focus on strategies such as buy-and-build, over multiple platform acquisitions. Interestingly, a small group of private equity professionals (6%) believe that the valuations have risen, despite the decrease in the deal count. This signals that some investors are still identifying ample opportunities in the current private equity landscape, indicative of resilience or growth within specific sectors or niches, such as Healthcare or some aspects of Tech.Overall, the predominant sentiment suggests that the European private equity landscape is undergoing some recalibration. Market participants in private equity are leaning towards a perception of diminishing company valuations, though some maintain a more stable or even optimistic perspective.What are the biggest challenges within your fund or private equity-backed portfolio company?To better understand the complexities in the private equity landscape, our survey also inquired about the most pressing challenges within private equity funds or portfolio companies. The responses were varied, reflecting the multifaceted challenges encountered in different aspects of private equity investments.The data revealed that 'exit strategy timing' emerged as a common concern among the participants, with 17% of respondents indicating this as a significant challenge. The complexity of executing successful and timely exits has increased due to fluctuating market conditions, increased competition for high-value exit opportunities, and the evolving nature of the private equity market. In light of the decreased deal count and value reported in Q1 2023, private equity firms will likely focus more on securing a profitable exit strategy.Industry and market volatility was another significant challenge identified by the participants, with 11% of respondents highlighting this issue. This reflects the uncertainty and unpredictable changes that geopolitical events, regulatory changes, and macroeconomic situations can exert on deal structures, valuations, and the overall profitability of private equity investments. This element of unpredictability necessitates a dynamic and adaptive approach to investing in the private equity landscape.Deal origination and sourcing were also highlighted as notable challenges by respondents. With a decrease in the number of deals in the market, identifying and securing high-potential deals has become more competitive, necessitating a more proactive and innovative approach to deal sourcing. In response to the challenge of deal origination and sourcing, many private equity firms are embracing technological advancements to gain a competitive edge. The rise of data analytics and artificial intelligence (AI) is now playing a significant role in reshaping the methods by which these firms approach to deal sourcing.Considering the current challenging market conditions, how has it influenced your career plans?Given the challenging market conditions, career planning in private equity has become increasingly complex. The survey shows that 32% of private equity professionals are actively considering a job move driven by market uncertainties and the resulting challenges. This demonstrates the considerable impact that market conditions have on career decision-making processes. For these individuals, the challenges in the private equity landscape have sparked the impetus for change, potentially seeking opportunities in different sectors or exploring new roles within the industry that offer stability or promise better returns.However, an almost equal percentage of respondents (29%) indicated that their career plans in private equity remain unchanged despite the challenging market environment. This dichotomy reveals the divergent sentiments among private equity professionals. It highlights how challenging market conditions can polarise career intentions, prompting some professionals to consider job mobility while causing others to double down on their existing paths.Moreover, these divergent career plans within the private equity sector underscore the sector's dynamic nature and the broader implications of market shifts. Market conditions affect investment decisions and the career paths of the individuals who navigate this industry daily. The ripple effects of these market shifts can be far-reaching, influencing both the investment strategies at a macro level and the individual career trajectories at a micro level.As the European private equity landscape continues to evolve, it will be essential to watch how these career intentions manifest themselves within the broader context of the market. Will those seeking a job change find greener pastures, or will those who stay the course see their resilience pay off? Only time will tell, but one thing is certain: the private equity sector will continue to be a dynamic and challenging landscape that keeps its professionals on their toes.Insights and advice: As we navigate these intriguing times in the private equity landscape, informed insights and expert guidance become more crucial than ever. For comprehensive analyses of the European Private Equity Market and bespoke advisory on career development and leadership strategies within the sector, we invite you to contact us.At Altus Partners, we are dedicated to providing you with the most relevant industry updates and tailored advice to help you navigate the market complexities and make the right decisions for your career. Leveraging our deep industry knowledge and experience, we can guide you through the current challenges and prepare you for the opportunities ahead.Please don't hesitate to contact us:
Altus Partners is delighted to announce the well-deserved promotion of Harvey Von Biel to Principal. Harvey has been an invaluable investment team member, reporting to Partner Ed Chamberlain, and has played a pivotal role in the firm's success in Executive Searches for investment professionals in private credit.With his exceptional skills and extensive experience, Harvey has been covering Europe and has been with the business for two years. During his tenure, Harvey has displayed a remarkable work ethic and an unwavering commitment to delivering exceptional results. His promotion is a testament to his hard work, dedication, and excellent performance on searches for a range of clients.Altus Partners is a leading Executive Search firm that specialises in Private Equity and Portfolio Companies. We provide a range of talent solutions across investments, corporate development, IR, and C-Suite roles. We are committed to delivering exceptional results and building long-term relationships with our clients based on trust, integrity, and partnership.The firm's commitment to excellence and exceptional service has been recognized through numerous awards, including Private Equity Wire's Best Buyside Executive Search Firm 2019 and AI Magazine's Best Buyside Executive Search Firm 2019 and 2020 and the Private Credit Awards in 2022. Altus Harvey's promotion is a testament to Altus Partners' unwavering commitment to recognising and nurturing talent within the firm. The firm is confident that Harvey will continue to play a crucial role in the team's success and looks forward to his continued contributions to the firm's growth. Partner Ed Chamberlain has expressed his best wishes for Harvey, stating, “I wish Harvey all the best in his new role, and I have no doubt that he will continue to excel and contribute to the success of the Investment Practice.”
Altus Partners is excited to announce the addition of Curtis Millington to their team as a Senior Associate in the Fund Finance practice. In this role, he will be responsible for placing C-level executives into various mandates across the UK and Europe. Curtis brings a wealth of knowledge and experience in executive search, focusing on the finance sector, including private equity, debt, credit, and asset management.With a proven track record in recruiting mid-senior level talent for private equity funds across Europe, Curtis's expertise will be instrumental in driving the growth of Altus's Fund Finance Practice. Ed Chamberlain, Partner at Altus, expresses his confidence in Curtis's ability to contribute to the company's expansion, stating, "Altus is experiencing significant growth in its Fund Finance department, and Curtis's experience and expertise in this area will be valuable in expanding the business further."Overall, Altus Partners looks forward to leveraging Curtis's skills and knowledge to enhance further their ability to provide exceptional executive search services to their clients. His appointment is a testament to the company's commitment to hiring top talent and investing in its growth.About Altus Partners Altus Partners stands for quality and integrity and is committed to empowering growth within global private equity. We provide Executive Search & Advisory for Investment, M&A and Finance leadership.We strive to change the private equity sector by promoting diversity and equality. Our mission is to challenge the status quo and create a more open, inclusive industry where everyone has an equal opportunity to succeed. We believe that together, we can make this happen.We do this by being committed to delivering the highest quality outcomes for our clients and candidates. Our specialist methodology and industry expertise have enabled us to become leaders in our field and strive to provide the best in every aspect of our work. We are proud to have built a reputation for excellence that sets us apart from the competition.
How will Europe's Private Capital market evolve in the next year? With innovative technologies driving growth and reshaping traditional markets, investors will be challenged and rewarded by upcoming developments over these coming years.We are delighted to announce the release of the Altus Partners Compensation Survey for Investment and Investor Relations Professionals 2023. Please request a copy of the complete investment survey here. Or investor relations here.COMPENSATION TRENDS SUMMARYIn the past few years, the competition for talent has reached seemingly unprecedented heights; however, this trend appears to be stabilising. As employers step back and evaluate their options in an environment of increased choice, the power differential between job seekers and recruiters may gradually lessen.With Private Capital firms vying for talent from Investment Banks, the latter have had to adjust their compensation packages accordingly. Junior positions in these Banks are seeing a considerable increase as they prioritise cash-focused incentives over more senior roles; meanwhile, operating professionals at the Principal level can also expect an uptick, albeit small – while Managing Partner/ Partner levels see base salaries are not reflective of such significant increases.Despite some encouraging findings, the survey uncovered that more work needs to be done regarding gender differences in compensation. Female representation in senior roles still needs to be more sparse, resulting in companies offering higher salaries for retention. It was also determined that there are discrepancies between female remuneration at lower-level jobs. Likewise, businesses need robust policies around parental leave so women do not encounter financial implications due to taking time off from work.The immediate future looks uncertain, with inflation, banking troubles and political conflict roiling economies worldwide. Businesses must pay close attention to compensation models, especially base salaries in the U.K. Doing so can help them remain steady through challenging times and, most importantly, maintain a healthy talent attraction approach.SURVEY OBSERVATIONS SUMMARY: Q: Do you feel your current compensation is:Despite increasing compensation in the industry, many employees still felt the need to be satisfied with their pay. Almost half (46.7%) feel they are compensated at market rate, and over 50% thought theirs were below the expected level. There is a discrepancy between actual salaries offered and employee expectations due to changes in labour markets and/or general cost of living pressures - both having an unavoidable impact on salary levels today more than ever before. To ensure fair pay and to attract and maintain high-quality talent, companies must review wages periodically while providing job role standards that align with current remuneration trends within respective industries. Competitive market payments are essential for sustaining employee satisfaction and motivation and encouraging tenures across organisations.Q: If you were to move, how much of a % increase would you expect to receive in your total compensation?Companies should be aware of the market's response to current economic conditions. A realignment is needed, with 65% expecting an increase in compensation. The next few years will see salaries readjusted accordingly, and companies must plan for this transition period - leading up to 2025 when all adjustments are complete. A clear understanding of the changing marketplace is necessary to ensure employers prepare themselves financially before any drastic changes occur.Q: What is your most attractive benefit when looking to move?According to our research, transparency around carry has become increasingly shrouded over time. Especially at the entry-level, employees are often left in the dark about sweeteners, such as incentive schemes that could help motivate them during their initial years of work. To remedy this situation, companies should adopt a proactive attitude and begin providing access to these benefits earlier, especially for those just starting their careers. The rationale stems from most talent attrition at the junior levels, which speaks to the significance which employers need to award to this matter. Q: Do current market conditions make you more or less likely to leave your employer?In today's shifting economy, employers should face the reality of the impediments of external conditions' on talent retention. Survey results showed that 25% are more likely to leave their current employer in light of market forces, and 34.72% are less willing to do so - a stark reflection of how economic influences vastly shape employee decisions about job security and mobility. Employers should consider these changing trends when formulating strategies for recruitment, development, and long-term stability within their organisations. Read the full report here.or contact us:
Altus Partners is pleased to announce that James Clow has been promoted to Principal in the Portfolio Practice.James has worked at Altus Partners for over two years and has been a critical player in advancing Altus Partner’s Portfolio practice. In his new role, he will continue to strive for excellence by upholding Altus Partners’ values and drivers while aiding its further expansion across Europe.About Altus PartnersAltus Partners stands for quality and integrity and is committed to empowering growth within global private equity. We provide Executive Search & Advisory for Investment, M&A and Finance leadership.We strive to change the private equity sector by promoting diversity and equality. Our mission is to challenge the status quo and create a more open, inclusive industry where everyone has an equal opportunity to succeed. We believe that together, we can make this happen.We do this by being committed to delivering the highest quality outcomes for our clients and candidates. Our specialist methodology and industry expertise have enabled us to become leaders in our field and strive to provide the best in every aspect of our work. We are proud to have built a reputation for excellence that sets us apart from the competition.
In conjunction with this year’s International Women's Day, Altus Partners has been taking part in an ambitious cycling journey – five colleagues are riding 500 miles over the course of eight days to raise money for the charity Smart Works.Smart Works is a fantastic charity that understands that job interviews can be challenging and a barrier to success. To break the cycle of failed interviews and unemployment, the charity offers a combination of dressing and coaching services, enabling their clients to become their most confident selves. The team wants to help support the incredible work that the charity does to help women achieve success in their careers and are proud to be raising funds to support Smart Works’ mission to double the number of women it helps each year. To show you how powerful this money can be in creating positive change, I’d like to share a remark from Sarah, a woman who was recently assisted by Smart Works: ‘Smart Works enabled me to feel empowered, they were the most uplifting group of women from reception to the stylist and then interview coach. Considering I hadn’t interviewed for around 10 years and was trying to move into a brand new sector after a long career in fashion, the interviews went really well.’ With your help, we can enable more women like Sarah to access this incredible service. Every donation counts – so please donate what you can through the link below. Thank you for your support! https://www.cycleforsmartworks.org.uk/teams/team-altus
The Global Impact Investing Network (GIIN) 2020 Annual Impact Investor Survey estimated the impact investing sector at $715 billion globally. Private Equity is one of the most active asset classes in the industry and has seen a significant uptick in capital flows into impact strategies. Private Equity firms have been criticised, in the past, for their low levels of transparency and accountability. However, recent demands from LPs on GPs, have seen a differentiation in how Private Equity firms commit to capital across environmental, social, and governance, pillars. Whilst this is an evolving discipline, the UN SDGs have been a credible cardinal point to both LPs and GPs.Private Equity funds' commitment to SustainabilityPrivate Equity firms increasingly recognise the importance of sustainability. This is typically called "impact investing" and involves measuring environmental, social, and governance (ESG) metrics before investing in a company. The impact investing institute found that 97% of survey respondents believed that asset allocation to impact investing had increased over the past two years, and 75% of respondents believed that “impact investing has become mainstream”. Private Equity firms are also collaborating with environmental organisations to develop new tools and strategies for measuring ESG performance. For example, the Private Equity Growth Capital Council (PEGCC) recently partnered with the World Resources Institute (WRI) to create a global framework for evaluating companies based on their commitment to sustainability goals and climate change objectives. Further to this, Private Equity funds such as Bridgepoint, CVC Capital Partners, EQT, and Apax have all become signatories of Article 9. This means they must meet specific criteria when assessing potential investments, including environmental impacts, social aspects, and governance principles. “There is surging interest in impact from both institutional and retail investors, and a large proportion of that being driven by investors’ desire to have investments aligned with their priorities and values. Regulation is also a factor, as several net-zero initiatives are gathering momentum globally that incentivize impact investments.”— Matt Autrey, Partner, Primary Investments - Private Equity International (PEI) InterviewNew Private Markets recently reported that a 'significant acceleration of LP interest' in climate had helped Lightrock close a EUR860m fund. This example demonstrates that the Private Equity sector is increasingly incentivised to take sustainability seriously, as LPs are increasingly likely to allocate their capital to funds prioritising sustainability. Are critics correct in arguing for Sustainability activity amongst Private Equity funds being driven by industry trends?Despite the surge of Private Equity initiatives geared toward sustainability, some critics have suggested that much of it is merely "greenwashing" — masking the actual need for demonstrated change whilst still vying for commercial wins. Thus, while Private Equity increasingly takes sustainability seriously, there's much debate over whether or not it has genuinely embraced sustainability as a core part of its business model. If this trend continues and the sector begins to devote significantly more resources to sustainable investments, then perhaps we can say that Private Equity is indeed leading the charge for sustainability. Andrea Bonomi – Invest Industrials Chairman, says Private Equity is "a natural home" for environmental, social and governance (ESG) activities. "We are longer-term investors," he says. "We have to be able to hold our businesses for 10 years, and over that timeframe, no one can ignore ESG".Is this bad if Private Equity sees and embraces the global trend rather than trying to save the world? The truth is that Private Equity funds are responding to the demands of their investors, and ultimately, it's up to them (and their investors) to decide how they allocate capital. That said, as more investors become aware of the long-term risks associated with Sustainability issues, Private Equity will likely have to take Sustainability even more seriously to remain competitive. For example, specific ESG requirements may need to be met before an investor even considers a fund for investment. Ultimately, if Private Equity can use its resources and influence for good – by investing in sustainable projects or businesses – this could be seen as a positive step towards achieving global sustainability goals. Is there a demand for ESG talent?The demand for qualified ESG talent across sectors and industries exceeds the supply. GreenBiz’s Joel Makower covered last year, "the ESG talent war can be characterised as an all-hands-on-deck situation with too few skilled hands and lots of decks to manage. Weeks out from the start of Q4 2022, hands are still in short supply while more ships are setting sail — including those navigating private market waters." David Stangis - CSO at private equity firm Apollo Global Management commented, "I get the question literally every day". "How can I break into ESG? I often get asked, for example, ‘What's the one course or certification I need to get into this space?’ — but that doesn't exist." So how does Private Equity meet the talent shortage in ESG? Private Equity firms have responded to the ESG talent shortage by leaning heavily on external resources, such as independent consultants and boutique advisory firms. In addition, many Private Equity firms are cultivating in-house teams of specialists who can manage the rigorous demands of sustainability due diligence and ongoing monitoring. Other firms are investing more heavily in technology and data solutions that can help streamline processes related to ESG management. In the short term, funds need to be more flexible about where they source experienced professionals, which may extend beyond traditional ESG roles. Private Equity firms can look to other sectors and industries, such as non-financial corporates or banking, to find experienced individuals with the necessary skills to support their sustainability initiatives. Ultimately, combining external resources, internal teams, and technology solutions can help Private Equity firms stay competitive in an increasingly crowded market while meeting their sustainability goals. Investment teams must have access to sustainability expertise with experience and knowledge about financial markets in general and Private Equity specifically. It is likely, therefore, that there will be a continued demand for in-house ESG expertise and the appointment of ESG specialists to increasingly senior roles.Conclusion: The Sustainability movement cannot be done without the help of Private Equity firms. Their recent influx of investments has been seen as a step in the right direction and strengthens the belief that they are taking the lead in Sustainability initiatives. However, some critics remain unconvinced, citing that their (GPs) interest could be attributed to pursuing a trend. Ultimately, their intentions must be judged against their hard evidence of results. Regardless, there is little doubt that Private Equity firms are key to furthering Sustainability and developing innovative new solutions.If you would like to share your opinion or learn more about sustainability efforts supported by Private Equity firms, get in touch with us today at info@altus-partners.com.
The next in our Altus Partners spotlight series focuses on our ESG and Sustainable team within the Altus Partners Investments practice. We sat down with Gizelle to learn more about her role and how she supports firms with their growth plans.Tell us a little more about your role in the business: I form a part of the Investment practice, concentrating on Impact investing hires with a special focus on Emerging market hires. Parallel to this, I support Private Market firms with the build out of internal ESG/ Sustainable teams which ultimately guides what responsible investment should represent in respective organizations. I consult to our clients on key market (candidate) drivers and influencers which better inform hiring strategies and recruitment processes. Given the geographic scope of my work I support clients with a continental Europe presence as well as those based on respective continents specific to emerging markets. Outside of my core practice, I support Altus Partners on driving key Diversity initiatives where I have partnered with programmes who are at the forefront of advocating for diversity and inclusion in the workplace, particularly at the early-stage career. My participation has included a serving as a panellist for events designed for women returning to work and educating university level females on a best practice in preparation for interviewing within the Alternative Investing world. I have spearheaded Altus Partners’ first internship program in support of Diversity. What does your Practice focus on: The concentration of practice focus includes the placement of experienced investment professionals into Private Equity firms which have a clear investment strategy dedicated to creating positive impact, where impact is defined as a part of their investment strategy and may take into account the UN SDGs. This extends to Private Equity firms which have a specialized focus on Emerging markets. The ESG/ Sustainability part of my practice focuses on professionals who have a hybrid suite of skills on key ESG/ Sustainability topics and either knowledge or demonstrated experience within Private Markets. What kind of clients do you partner with and with what kind of searches: My clients include Impact Investment funds and traditional Private Equity firms who are committed to building a complementary ESG/ Sustainability practice alongside their investment function. What is your approach to supporting businesses with their executive search: Partnering in a consultative and transparent manner is an important part of my client relationships, across both established and developing. Understanding the objective behind each hire and its significance within a business practice is critical to the direction and success of a search. Equal to this is the consultative engagement with my candidates which allows for a collaborative and connected experience. What do you expect the trends for early 2023 to look like within your area: Private Equity being resilient in its nature and long-term investing strategy may still allow for a healthy degree of hiring. Albeit this will often be guided by macro- and micro-economic influences. The optimism behind hiring within Private Equity extends to the healthy pool of dry powder available. A caution to be mindful of includes the heat of the battle which fund raising is set to face – to what extent will this influence Private Equity hiring is yet to be seen. Greater demand is being received by GPs, from LPs, specific to ESG and Responsible investing data, compliance, and value creation metrics. Resultantly Private Equity firms, irrespective of AUM, will have to ensure that there are dedicated internal resources to support and drive this critical agenda. Resultantly hiring in this sphere could be quite buoyant. Lastly, diversity will continue to receive its due attention. However, being the evolving domain that it is, there is no specific criteria on which areas of diversity will see the most attention in Alternative Investing. What advice would you give to businesses looking to hire within their ESG and Sustainability teams? My delivery across mandates in this area has shown that success stems from the initial buy-in of ESG/ Sustainability strategy at the board level. Once this is affirmed, there is conviction in what takes place thereafter and how the opportunity is received in the market. There should be clear parameters on what these teams need to deliver on, guided by quantifiable and a forward-thinking approach. Organizations which have a less robust strategy behind the framework of an ESG/ Sustainability practice and not being aware of how this will integrate with investment teams, resultantly endure drawn-out processes which create a poor candidate impression. By simply addressing what the success of such a team should represent will carefully direct hiring, allow for a well-informed process, and a strengthened market positioning for organizations at a time where ESG and Sustainability talent are one of the most sought after in Private Markets. About Altus Partners Altus Partners stands for quality and integrity and is committed to empowering growth within global private equity. We provide Executive Search & Advisory for Investment, M&A and Finance leadership. We strive to change the private equity sector by promoting diversity and equality. Our mission is to challenge the status quo and create a more open, inclusive industry where everyone has an equal opportunity to succeed. We believe that together, we can make this happen. We do this by being committed to delivering the highest quality outcomes for our clients and candidates. Our specialist methodology and industry expertise have enabled us to become leaders in our field and strive to provide the best in every aspect of our work. We are proud to have built a reputation for excellence that sets us apart from the competition.
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