Like many buyout shops, Alpine Investors recently welcomed its latest class of freshmen analysts–about a half a dozen this year, all previously interns–recruited from top schools around the country.
But, in an unusual move, the San Francisco-based firm also welcomed a second class of recruits. As part of a four-year-old “CEO-in-training” program, the firm over the past year tapped a dozen second-year MBAs from top business schools to join portfolio companies in senior operating roles after graduation.
In August these recruits began two weeks of private-equity training and networking; some immediately deployed into operating roles, while others joined investment teams at Alpine Investors with the aim of finding an operating role later on. They all receive ongoing mentoring and leadership training.
Fresh on the heels of closing a $1.56 billion fund, New York City-based Palladium Equity Partners is “opportunistically” looking to hire a mid-level professional–a senior associate, vice president or principal, according to Dale Pescatore, vice president.
Candidates with expertise in health care, services or industrials–three of Palladium Equity’s target industries–would be particularly desirable. The 22-year-old firm, which acquires family-run, mid-sized businesses, many of them serving the Hispanic population, also values employees with a variety of backgrounds.
Storms rumbled across northern New Jersey this week. We received at least two flash flood warnings and a rare tornado warning in my ruby-slippered hamlet of Fanwood.
Private equity land, meanwhile, basks under sunny skies. But Solveigh Marcks, managing director and founder of The Denali Group, an executive search firm, said during a recent webinar that she sees some buyout firms boarding up the windows and tying down the furniture.