In the old days, as professionals jumped from the big investment banks to smaller, new private equity firms, the attitude was “we’re lean – we’re just going to do good deals,” one mid-market veteran CFO said. “Now, we’re expected to be institutional.”
Even as mid-market and emerging firms deal with the demands of a new generation – often with very different priorities than their elders – the firms themselves are expected to reflect the maturity achieved by the asset class in recent years.
From this edition’s cover package comes newly published coverage of this year’s CFOs & COOs Forum, in which Blackstone chief administrative officer Vik Sawhney discusses some of the tensions between the old and new in private markets.
Email prepared by Graham Bippart.