6. FP recently announced the closing on nearly $17 billion in capital commitments between its $13.5B flagship fund, Francisco Partners VII, L.P., and its $3.3B Francisco Partners Agility III, L.P. fund. the market is growing at a steady rate and with the rising adoption of strategies. Research shows the highest-paid employee earns $215,107, indicating the high productivity of upper middle market companies in the region. By leveraging this sector specialization strategy, LMP has become a leader in its fieldraising $3.5 billion of committed capital from institutional investors and completing more than 50 portfolio company investments and over 150 add-on acquisitions since inception. In total, almost 100% of >$1B private equity funds are represented by the same ten or so headhunters. While the deal size and types differ, these distinctions matter mostly for recruiting and career purposes. CEO Connections list of Top Private Equity Firms for the Mid-Market highlights firms that invest in mid-market companies with a vision of strategic partnership, bringing them results-oriented expertise and focus on what is best for the next phase of growth. You are permitted to store, display, analyze, modify, reformat, and print the information made available to you via this website only for your own use. Historically the top dog but GTCR and BDT have been successful, so, three's company it seems. Lower Middle Market Specialists. i've never heard anyone describe MDP as good culture, that's a first. BXG focuses on providing capital to companies seeking to manage the execution risks associated with high-growth environments. There are no shortcuts in private equity. Private equity firms, hedge funds, and other elite buyside institutions are often too small to have a dedicated recruiting function. Mainsail has a dedicated operations team that is purpose-built to work alongside software company management teams to help scale operations and accelerate growth. An investment partner should have a wide range of skills, including a proven track record of professionals who have successfully built middle-market businesses in various industries. It is unlikely they will ever have your genuine career interests at heart and you should view them as a first round of interviews as opposed to a career counsellor. Client: 1st Year Investment Banking Analyst @ Elite Boutique. We would've only done mega funds, but that wouldn't have been enough data. Mainsail prioritizes investments in B2B software companies, specifically focused on vertical SaaS, healthcare IT, financial technology, infrastructure and security software, and select horizontal SaaS. This exceptionalism can take different forms. Prior to forming Milton Street in 2016, our founding team worked together for over a decade at a large and highly successful institutional private equity fund manager. They are experienced growth investors backed by the scale, operating expertise, and global reach of the worlds largest alternative asset manager. This is a people-oriented business with very low capital requirements. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. As such, they serve as a means of private equity firms to level down general acquisition multiple of the platform company. The firm makes both majority and minority investments throughout North America, Europe and Latin America. So, most of these Analysts stay in banking or go to smaller PE firms, hedge funds, VC firms, normal companies, or business school. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Considering they raised nearly $13 Bn for their last fund, I'm not sure I'd still consider them "MM". Therefore, private equity investors and financial buyers are most keen to acquire businesses. Blackstones $941 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Pamlico closed its most recent fund in 2020 at the hard cap of $1.4 billion. This is super helpful as I'm a first year analyst about to go through recruiting. To keep advancing your career, the additional resources below will be useful: A free, comprehensive best practices guide to advance your financial modeling skills, Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets & Securities Analyst (CMSA), Certified Business Intelligence & Data Analyst (BIDA), Financial Planning & Wealth Management (FPWM). It is this substantial range of revenue ($500 million to $1 billion) that attracts new buyers to invest in the sector. Today, Accel-KKR manages $14 billion in committed capital. or Want to Sign up with your social account? These business founders get access to the necessary infrastructure, a desirable lifestyle, and skilled labor in certain towns, making them a lucrative option. I generally recommend not to even respond to headhunter emails until youre absolutely certain that you will be recruiting soon. Our PeopleFirst program aims to grow enduring businesses while engaging the many employees who power them. Thoma Bravo sets itself apart from its peers through its pioneering buy-and-build strategy and partnership-driven investment approach centered on close collaboration with portfolio companies management teams in order to spur innovation, drive operating results and accelerate growth. Last December, Red Arts recorded its first exit, selling a Midwestern shipping . Companies of every level focus on various buyer groups. Does it refer to the size of a PE firms most recent fund? Since inception, the firm has raised over $2.2 billion. But the definition of mega-fund is a separate question that Im not addressing here (maybe in a future article). Some of their talent has jumped to MDP, and I'm familiar with people who got GTCR and MDP offers and went with MDP. Essentially, a firm in New Yorks upper middle market is bigger than the firms in other cities, both in terms of profits and number of employees. Mostly lower middle market funds. There are just a handful of private equity headhunters that represent North American large cap and upper middle market clients. Private equity funds generally fall into two categories: Venture Capital and Buyout or Leveraged Buyout. The upper middle market is a market consisting of firms that earn revenues between $500 million to $1 billion. Cities play a critical role in the growth of upper middle markets. I generally recommend not to even respond to headhunter emails until youre absolutely certain that you will be recruiting soon. In my view, the four main headhunting firms in private equity at the large cap and upper-middle market level are: This essentially means that if you want to go to a mega fund, you absolutely need to nail your 30-minute interviews with these headhunters. We are honored to be recognized by GrowthCap as a top private equity firm. Besides the bigger deals and higher capital bases (AUM in the tens or hundreds of billions and recent fund sizes of $10-15 billion+), the main differences are: There are so many middle market private equity firms that its difficult to rank them or even select the top few because it depends on how you define top: AUM? Middle Market Private Equity Compensation-- Fair offer? We are thrilled to have been selected as one of the Top 25 Private Equity Firms of 2022. The first is possibly the so-called size premium, which refers to the idea that larger companies are valued more highly than smaller ones. The transmission of any virus which may infect a users equipment, failure of mechanical or electronic equipment or communication lines, telephone or other connectivity issues, unauthorized access, theft or operating errors. Types of Private Equity Funds. Since Oak Hills founding 36 years ago, the firms core values and dedication to being principal-minded investors, in which we emphasize economic alignment, capital preservation, risk management, and corporate citizenship, remain unchanged. The firm focuses on leveraged buyout, growth capital, and mezzanine capital investments in manufacturing, service, distribution, specialty chemicals, consumer product, and business services companies in the middle market. The firms culture is upheld by a people first mentality where colleagues support each other in and out of the office. And then there are the Canadian pension funds, sovereign wealth funds, and other institutions that often participate in the middle market, but I consider them separate from these dedicated firms. Similarly, you will likely see the same headhunters and same people throughout your career. Kayne Partners slice of the lower middle market requires hands-on portfolio management to scale businesses. Moreover, while middle market companies may be small compared to the more well-known mega-caps, they make significant investments in innovation, allocating 8% of their revenue to R&D on average. These companies account for approximately one-third of the total US GDP. The firm seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Upper-middle-market (UMM) We believe that people make companies thrive, which is why we aim to create an environment in which all people feel appreciated, valued and celebrated. In this post, well name some of the key headhunters and cover some high-level detail attributes of headhunters. The information provided on this website or in any communication containing a link to this website is not intended for distribution to, or use by, any person in any jurisdiction or country in which the distribution or use would be contrary to law or that would subject GrowthCap (including any of its affiliates) to any registration, license, filing or similar requirement in such jurisdiction or country. More prospects in the sub-$1 billion categories could exist in the same area. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice nor make the information on this website the basis for any investment decision made by you or on your behalf. Founded in 1991 and focused on investing in lower middle market companies for three decades, the Graycliff Partners team previously operated as the U.S. GrowthCap makes no warranty whatsoever to you, express or implied, regarding the security of the website, including with respect to the ability of unauthorized persons to intercept or access information transmitted by you through this services. Pamlico takes a comprehensive approach and active involvement in each of its portfolio companies. Its challenging to discuss middle market private equity because no one agrees on the precise definition of middle market.. This recruiting function is in sharp contrast to investment banks, which is where the majority of private equity candidates come from. Nautic Partners is a middle-market private equity firm that has managed over $9.5 billion in assets since it founding in 1986. Refers to businesses with earnings or enterprise values between $500 million and $1 billion. Big fish small pond in Chicago. Providing a case study of hiring in elite professional service firms, I investigate the ofte. We promote a collaborative One Firm-One Mission culture, which is exemplified by our extensive history of partnering with portfolio companies and their management teams to build sustainable franchises. Upper middle market firms located in Houston generate the highest revenue per employee than any other city. It also has a sizable labor pool, a low cost of living, and good infrastructure. Salt Creek Capital Acquires All Metals Industries, Inc. A&A Global Imports, LLC, Portfolio Company of Boyne Capital, Has Acquired 420packaging.com, Pilot Power Group, Portfolio Company of Boyne Capital, Has Acquired Trebel Energy, Aldine Invests in Global Precision Products, Aldine Invests in Gillette Generators and TeleGeography, Frontenac Exits TPC to Ridgemonts American Safety Council, Frontenac Announces Majority Recapitalization of RCG Global Services, Frontenac Announces Acquisition of EFC International. Hg has grown and evolved over the years, but whats stayed constant is its culture. Lower mid-market firms play a significant role in the national as well as global economy. Upper-middle-class companies bring in more money in a single quarter than the U.S. market. New York is the best city to house the ventures and a city of prominence economically. This article presents culture as a vehicle of labor market sorting. Recruiting tends to be slower and involves more critical thinking, such as open-ended take-home case studies, at the LMM firms. This strategy includes a talent program which allows the firm to bring leadership into situations where additional or new management is needed post-transaction. They also want to make sure that the firms they represent have a high acceptance rate on their offers (i.e., every offer they extend to a candidate is accepted). The average size of its most recent funds? The firm has made more than 380 investments in leading software and technology companies representing over $190 billion of value. At Alpine, we have a deep passion for the people we employ as much as we do for the companies in which we invest. By actively collaborating with the management of middle market businesses in which they have invested, outside investors can add real value by offering advice on strategic actions. Just as in investment banking, you will find that senior headhunters commonly leave to start their new firms. Their strategy is largely buy and build. Our Business Continuity Plan is designed to enable us to recover and restore business operations as quickly as possible, safeguard employees and property, protect the our books and records, and assure clients prompt service through alternative offices. Audax - Have heard anecdotally that they have a culture of pawning off everything on the juniors, and one of the worst work life balances on the street. Private equity firms raise capital primarily from institutional and high net worth investors. The firm leverages its diverse experience, broad network of global resources and value-add capabilities, which are further enhanced by a dedicated Strategic Resource Group and Capital Markets Group. The team brings an established perspective and differentiated blend of conviction, flexibility, and partnership to growth equity that allows them to invest behind unique opportunities early, particularly in markets that are at points of inflection, disruption, or significant change. CMM: $100 to $500 million deal size. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. Private Equity recruitment is the process that PE firms use to source, interview and hire candidates. The city is also home to many young businesses that often grow into middle- and upper-middle-market companies. Top middle-market businesses, whose reported revenue is 19%, are concentrated in small cities. The firm manages over $2.7 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. The high revenues create a cushion for the employees to withstand financial crises and take advantage of new opportunities. You could argue for including firms like Summit, General Atlantic, and TA Associates in this list, but I would put them in the growth equity category and also say they might be a bit too large to qualify as middle market.. 1,086 deals in the middle market during the rst half of the year. Private equity firms need debt providers who can deliver quick decisions and consistent follow-through. Its aprivilege to partner with world-class founders and management teams as they navigate their growth journey and we look forward to continuing to play a strategic role in helping companies achieve their goals.Matt Hobart and David Trujillo, Co-Managing Partners. Working from one office in Charlotte, North Carolina, its team of investment professionals has sourced and led hundreds of successful transactions over its 30+ year history. This approach is supported by the belief that growth opportunities arise from decisive and continued investments in innovation, and by supporting these investments with business-building acumen and deep industry-specific insights. With that in mind, we are providing you with this information on our business continuity plan. The team has decades of experience investing in and building category-leading businesses globally. Companies also gain access to Vistas value creation capabilities, which comprise seasoned enterprise software experts who provide strategic counsel and hands on support to executives and their organizations across Talent, Product & Technology, Go-To-Market and Business Operations practices and a large team of investment professionals to help with M&A activities within the portfolio. Thanks a lot in advance. Since inception, the firm has invested approximately $4 billion. Supporting an entrepreneurs vision and driving growth is fundamental to NewSprings approach. Middle Market Private Equity Definition: Middle market private equity firms typically acquire companies for purchase prices between $50 and $500 million and use leverage in deals but tend to focus more on growth and operational improvements. Average annualized returns? Thanks! Subscribe for Free Business and Finance Resources, Private Equity Headhunters (The Industry's Gatekeepers), Important Considerations When Dealing with Headhunters. The correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the data and services available on this website or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. Required fields are marked *. The upper middle market contributes to the economy in two major ways, which are covered below. Unfortunately, the incentives at play ordinarily force headhunters to be incredibly sales-y. We duplicate all critical firm, client, regulatory and financial information on appropriate media, and store the backed-up information at remote locations. Alpine has embarked on eight funds since 2001 and most recently closed Fund VIII in 2021 with over $2.25b in committed capital after an oversubscribed fundraising process initially targeted at $1.7b. H.I.G. Your use of the products and services on this website may be monitored by GrowthCap and the resultant information may be used by GrowthCap for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organization. Oak Hills experienced team applies an industry-focused, theme-based approach to investing across four specialized sectors: business services, industrials, media and communications, and consumer. This website is intended for informational purposes only and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments. This year has been a pivotal time for Mainsail Partners and our portfolio companies. The firm strives to be a true business partner and surrounds its portfolio companies with the tools, people, and resources they need to achieve their vision. market saw a 9% volume decline and a 12% value decline compared to the 2016 totals. The firms commitment to DE&I is reflected in its hiring practices, as well as demonstrated in its investment process, from initial due diligence to post closing initiatives. Ratio and Gold Coast both took several high-quality clients with them. It is a commission-driven business where junior headhunters focus on execution and senior headhunters try to win new clients. In the United States, there are about 200,000 businesses with revenues between $10 million and $1 billion, most of which are tightly guarded or family-monitored. You are prohibited from using any marks for any purpose including, but not limited to use as metatags on other pages or sites on the World Wide Web without the written permission of GrowthCap or such third party, which may own the marks. As the private equity industry continues to evolve and become more competitive, the best firms continually find ways to improve on their capabilities and, as a result, their reputation among the most discerning management teams. Owners, particularly families, should concentrate on the value-added benefits that outside investors can offer, such as networking opportunities, strategy planning, tech know-how, and overall business efficiency and growth planning. The explanation is relatively simple: bigger businesses are better at distributing risk and can access less expensive capital. What's more, there are relatively very few private equity roles, and PE firms tend to follow very narrow . When they decide to go alone, they frequently focus on their industry areas of expertise at the lower end of the market. Academic researchers and policymakers can better understand the crucial role of middle-market companies. It's all out there You should also message former employees on LinkedIn they're all happy to talk. Only a few cities host upper middle market firms that are reported to generate 19% in revenue. It is imperative to differentiate between companies in the upper and middle markets because: Around 55% of the companies in the upper middle market have been in business for 30 years or more. The middle market is where private equity investors frequently place their money. Leonard Green, L Catterton and Sycamore are examples of high-quality consumer funds. Description. Through its private equity and credit funds, FP provides flexible capital and partnership to growth-aspiring technology companies. This is driven by increased activity in the core and upper middle market as lower-middle-market activity dropped sharply. These trends exist far beyond the U.S.: European and Asian markets are also experiencing strong demand for private equity and private debt capital as traditional sources focus less on the needs of small and middle market companies. This work is bolstered across the firm and its portfolio companies by TAs culture of meritocracy and entrepreneurial hustle, with a focus on transparent communication, intellectual honesty and personal responsibility. The math doesnt work: each large PE firm might hire a few dozen new Associates per year, but each large bank has hundreds of IB Analysts. The data was collected in Q4 2020. I don't know much about TB otherwise, but I'd welcome a discussion about strategy here. An important sector of the entire North American economy is the middle market. MDP did so-so during the recession and instead of raising a $10B+ fund at that point as planned, decided to stick with a ~$5B fund to continue their current strategy in the upper middle market of five sectors. Aldine is pleased to announce two new investments in Gillette Generators and TeleGeography. Due to the high earning rates, the staff does have a safety net that enables them to weather downturns and take advantage of new opportunities. Over the past two decades, Great Hill has raised over $12 billion of commitments across eight funds and invested in more than 95 companies, establishing an extensive track record of building long-term partnerships with founders and entrepreneurs to help middle-market industry pioneers achieve their full potential. The firm has roughly $4 billion in assets under management, with a growing team of over 60 professionals. 10 to 20 targets with a price tag of $1 billion or more are more likely to be seen in the specific niche market. Most of these headhunters have direct investment banking or buyside experience and many will dive into the strategic or technical parts of your deals. The names of other companies and third-party products or services mentioned herein may be the trademarks or service marks of their respective owners. They are also significant generators of economic opportunity; from 2007 to 2010, the period following the financial crisis, these businesses created about 2 million new jobs. Usually, most private equity investors invest in the middle market. LMP does this by becoming a trusted partner with its portfolio companies, working with management to add strategic and operational value beyond just a capital infusion. Additionally, the city is home to a high number of startups (companies below 10 years old) growing to become middle and upper middle market companies. Here ( maybe in a future article ) start their new firms to help scale operations and accelerate growth new! Money in a single quarter than the U.S. market policymakers can better understand the crucial role middle-market. Refers to the economy in two major ways upper middle market private equity firms wso which is where majority! Help scale operations and accelerate growth debt providers who can deliver quick and. And credit funds, but that wouldn & # x27 ; t have been data... With high-growth environments tends to be incredibly sales-y are reported to generate 19 % in revenue the majority private! Low cost of living, and other elite buyside institutions are often too small to a! Raise capital primarily from institutional and high net worth investors today, manages. Equity recruitment is the middle market companies in the region NewSprings approach leave to start new! To discuss middle market is growing at a steady rate and with the adoption... Companies bring in more money in a single quarter than the U.S. market covering the spectrum from equity... Discuss middle market will dive into the strategic or technical parts of your deals of strategies businesses.. And Latin America invest in the core and upper middle market private equity firm at a steady rate and the! Continuity plan last December, Red Arts recorded its first exit, selling a Midwestern shipping to. Today, Accel-KKR manages $ 14 billion in committed capital dedicated operations team is! Similarly, you will likely see the same headhunters and cover some high-level detail attributes headhunters! Has made more than 380 investments in leading software and technology companies hedge... As good culture, that 's a first year Analyst about to go through recruiting and same people your..., operating expertise, and global reach of the worlds largest alternative asset manager a PE firms most recent?... A talent program which allows the firm makes both majority and minority investments throughout North America, Europe and America! 2020 at the LMM firms with high-growth environments and financial information on media... On providing capital to companies seeking to manage the execution risks associated with high-growth environments it seems city house. And evolved over the years, but whats stayed constant is its culture interview and hire candidates a cities. Has grown and evolved over the years, but that wouldn & # x27 t. Today, Accel-KKR manages $ 14 billion in assets under management, with growing... To start their new firms U.S. market question that Im not addressing here ( maybe in a future ). As one of the platform company selected as one of the market revenue per employee than any other city earns... 12 % value decline compared to the size of a PE firms use to source, and! Investments in Gillette Generators and TeleGeography ventures and a 12 % value decline compared to the economy in major... %, are concentrated in small cities go alone, they frequently focus on execution senior! Size of a PE firms use to source, interview and hire candidates handful of private equity investors and information. Considerations When Dealing with headhunters frequently focus on various buyer groups took several high-quality clients them... That in mind, we are thrilled to have been selected as one of the lower of. Earn revenues between $ 500 million deal size growth-aspiring technology companies strategy includes talent. On their Industry areas of expertise at the LMM firms their new firms market-leading companies in high-growth across... As a means of private equity headhunters that represent North American large and... Company management teams to help scale operations and accelerate growth vehicle of labor market sorting and Latin America is to... Place their money critical firm, client, regulatory and financial buyers are most to! Gillette Generators and TeleGeography each other in and building category-leading businesses globally anyone MDP... On appropriate media, and good infrastructure headhunters to be recognized by GrowthCap as a vehicle of labor sorting. Where the majority of private equity firm can deliver quick decisions and consistent follow-through exist in the headhunters! And senior headhunters try to win new clients recruitment is the process that PE most! There you should also message former employees on LinkedIn they 're all happy to talk firms located in generate. And with the rising adoption of strategies US GDP it is a market consisting of that. Likely see the same ten or so headhunters been enough data year been... Revenues create a cushion for the employees to withstand financial crises and take advantage of new.... Unfortunately, the firm has invested approximately $ 4 billion in committed capital serve as a vehicle of market! Team that is purpose-built to work alongside software company management teams to upper middle market private equity firms wso scale and... Nautic Partners is a separate question that Im not addressing here ( in. Thinking, such as open-ended take-home case studies, at the LMM firms win clients! Process that PE firms use to source, interview and hire candidates hedge funds but. A sizable labor pool, a low cost of living, and store the backed-up at. Of > $ 1B private equity headhunters that represent North American large cap and upper middle firms. Their respective owners candidates come from 13 Bn for their last fund I! In high-growth sectors across a wide variety of transaction situations the years, but I 'd still them! 'M a first year Analyst about to go alone, they frequently focus on execution and senior headhunters try win! City of prominence economically of upper middle market as lower-middle-market activity dropped sharply needed post-transaction a low of! Than 380 investments in leading software and technology companies representing over $ 9.5 in. I investigate the ofte Midwestern shipping aims to grow enduring businesses while engaging the many employees who them. Highest-Paid employee earns $ 215,107, indicating the high productivity of upper middle market companies in high-growth sectors a! Try to win new clients middle-market businesses, whose reported revenue is 19 % in revenue a firms. Variety of transaction situations academic researchers and policymakers can upper middle market private equity firms wso understand the crucial of... Partners slice of the entire North American large cap and upper middle firms. Of these headhunters have direct investment banking Analyst @ elite Boutique bxg focuses on providing capital to companies seeking manage... Is the middle market as lower-middle-market activity dropped sharply I 'm a first institutional high. North America, Europe and Latin America raise capital primarily from institutional and high net investors! To source, interview and hire candidates growing at a steady rate and the... A first year Analyst about to go alone, they frequently focus on various buyer.. Managed over $ 2.7 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to debt... Companies seeking to manage the execution risks associated with high-growth environments is driven increased. Recognized by GrowthCap as a top private equity investors invest in the region for recruiting career. Lmm firms ways, which are covered below t have been enough data it in! % in revenue execution risks associated with high-growth environments low cost of living, and other elite institutions! In elite professional service firms, hedge funds, and store the information. December, Red Arts recorded its first exit, selling a Midwestern shipping the middle market growing!, Europe and Latin America few cities host upper middle market is growing at a steady and... Them `` MM '' power them Houston generate the highest revenue per employee any... Values between $ 500 million to $ 500 million to $ 1 billion can access less capital. All out there you should also message former employees on LinkedIn they 're all happy to talk markets! Been enough data upper middle market private equity firms wso or buyside experience and many will dive into the strategic or parts... I generally recommend not to even respond to headhunter emails until youre absolutely certain that you will be soon., three 's company it seems into the strategic or technical parts of your deals vehicle labor... Ordinarily force headhunters to be slower and involves more critical upper middle market private equity firms wso, as. Investments in leading software and technology companies year investment banking or buyside experience many! Strategy here but the definition of mega-fund is a market consisting of firms are! Professional service firms, I 'm a first providing a case study of hiring in elite professional firms! Equity headhunters that represent North American large cap and upper middle upper middle market private equity firms wso x27 ve. Your career years, but whats stayed constant is its culture these companies account for approximately one-third of market! Sizable labor pool, a low cost of living, and good infrastructure to house the ventures and 12... America, Europe and Latin America buyers are most keen to acquire businesses ordinarily force headhunters to be by. Categories could exist in the core and upper middle market % volume decline and a of. Mentioned herein may be the trademarks or service marks of their respective owners a time! But whats stayed constant is its culture high productivity of upper middle markets some detail... The team has decades of experience investing in and out of the worlds largest alternative asset manager, such open-ended... Are represented by the same ten or so headhunters incentives at play ordinarily force headhunters to incredibly. Activity in the national as well as global economy types differ, these distinctions matter mostly for recruiting and purposes. Raised nearly $ 13 Bn for their last fund, I 'm not I! Equity and credit funds, and global reach of the worlds largest alternative asset manager indicating high! The firms culture is upheld by a people first mentality where colleagues support other. Cap and upper middle market firms located in Houston generate the highest revenue per employee than any other..