The Private Equity Funcast with Managing Director Ted Bililies

AlixPartners Managing Director and Chief Talent Officer Ted Bililies, Ph.D (top right), sat down with ParkerGales's Jimmy Holloran, Principal (top left) and Devin Mathews, Partner, the hosts of the ParkerGale PE Funcast podcast, to discuss the findings from AlixPartners’ 5th Annual Private Equity Leadership Survey. The results reveal just how critical human capital is to value creation and how culture is an often overlooked source of value by investors. With more than a half century of PE experience between them, the three bantered on the PE-portco dynamic, given the volatility and uncertainty we are all experiencing in 2020.  

AlixPartners Managing Director and Chief Talent Officer Ted Bililies, Ph.D (top right), sat down with ParkerGales's Jimmy Holloran, Principal (top left) and Devin Mathews, Partner, the hosts of the ParkerGale PE Funcast podcast, to discuss the findings from AlixPartners’ 5th Annual Private Equity Leadership Survey. The results reveal just how critical human capital is to value creation and how culture is an often overlooked source of value by investors. With more than a half century of PE experience between them, the three bantered on the PE-portco dynamic, given the volatility and uncertainty we are all experiencing in 2020.  

LEADERSHIP, CULTURE & PRIVATE EQUITY WITH ALIXPARTNERS PODCAST: Key Takeaways

Takeaways from Ted Bililies
Chief Talent Officer and Managing Director, Transformational Leadership practice

  • “Leadership and culture are two sides of the same coin. When we are asked to help evaluate and select CEOs for portfolio companies, which we are asked to do every month.  We are increasingly looking at not just how competent will the CEO be in the role, but how quickly and how effectively is he or she going to be at creating a culture? Do they know how to do it?” 
  • “PE firms themselves have noticed that they have to eat their own cooking and look critically at their own culture.”
  • “CEOs are in hand-to-hand combat every day for talent. They know the power of a good culture and the toxicity of a bad culture when it comes to attracting and retaining talent.”
  • “Over the last 5 years, there isn’t a significant middle market fund that hasn’t hired a human capital partner or they are actively recruiting right now for the position.” 

Takeaways from Devin Mathews
Partner, ParkerGale

  • “I’ve sat down with my peers—founders and partners of private equity firms—to talk about the stuff we are doing on the culture front. About half are curious, 40% think we are nuts—because they know it when they see it, saying 'I can tell right away if a guy is the guy,' and maybe 10% are on this train with you and want to work with you to figure it out.” 
  • “We find quite often that senior executives—as well as people down the ranks—are quite adept at working alongside each other, but not adept at working with each other.” 
  • “In this war for talent, even in the middle of the pandemic, we are not seeing massive movement of employees if they feel like they are in a company with a good culture.”

Takeaways from Jimmy Holloran
Principal, ParkerGale

  •  “Authenticity and vulnerability are the bedrock foundation of what we teach and how we develop leaders. I talk with folks who have been through the program and it makes a difference in helping their teams navigate these very unique times that we are in.” 
  •  “As the executive team goes, so goes the company.”