Workforce Opportunity Services’ Post

Be a 10 leader if you want 10s in your business. You won’t find them if you’re a 9. If you do, they won’t be with you for long. #leadership #people

World domination of private credit? One company appears to be aiming to achieve just that, and its strategy is certainly intriguing. They're reportedly obtaining premium pricing in investment grade illiquid private credit, all while being supported by a perpetual funding model. This is a story worth following. A multi-page article on the topic must have Jon's mother's fridge looking pretty full! #privatecredit #investing #finance

There’s nothing better than witnessing the power of the Blackstone platform in action. Each year, our annual #BXCEOConference brings ~200 CEOs from across our Blackstone portfolio together in New York City to share their insights on the most pressing issues facing companies today. I spoke to Ciarán Carruthers Olly Olsen and Reggie Aggarwal about the lessons they’ve learned leading through challenges. My biggest takeaway: how well your organization deals with a crisis is largely a function of how well prepared it was before the crisis ever emerged.

Just finished reading about Blackstone's initiative to share equity with workers in its U.S. portfolio companies, as reported by Dan Primack with Axios. This move marks a significant step in the private equity space, highlighting the value of recognizing employees as crucial stakeholders. Why it matters: 1.) It's the right thing to do. Portfolio company workers are the backbone of these businesses. Their day-to-day contributions are essential, and acknowledging this through equity can boost morale and commitment. 2.) It makes strategic sense. By offering equity, Blackstone not only becomes a more attractive buyer but also mitigates the common issue of employee churn post-acquisition, especially in labor intensive businesses where people are the core assets. 3.) It addresses regulatory perceptions. Private equity firms often face criticism; moves like this can help shift the narrative towards a more positive view. This trend isn't entirely new for the industry. KKR and Peter Stavros initiated the worker equity trend in 2011 and has since expanded efforts. At West Monroe, we've been ahead of the curve. For 22 years, our employee ownership model has been the cornerstone of our culture and workplace. It fosters a shared purpose, driving us to work collaboratively to create mutual value. Our experience has shown that when employees have "skin in the game", it transforms not only their engagement, provides best in class retention, and drives how we show up for clients. I believe this is a positive move for the private equity industry, and I look forward to seeing more private equity firms embrace similar models. A shared ownership approach is not just beneficial for wealth creation for all employees, but it also strengthens the companies and the industry as a whole. Will other consulting firms or the Big4 follow suit? #PrivateEquity #EmployeeOwnership https://lnkd.in/gH_RQ65h

Franklin Templeton has acquired various companies over the past decade, but how does the global #AssetManager keep its #culture intact as this process occurs - and what exactly defines the Franklin Templeton culture? According to Jenny Johnson, the firm’s President and Chief Executive Officer, investment bankers will always focus on acquisitions’ strategic fit and reasonable price, but they will rarely talk about culture - and deals have been known to succeed or fail based on cultural fit. At the Conference of #Montreal this June, Jenny Johnson explained her theory of the three Cs of a successful company culture: #client, #collaboration, and continuous improvement. To learn more, check out the full conversation on ‘#Investing During Uncertain Times’ here ➡️ https://lnkd.in/dX99cN_W. #ConfMTL

Inspired to see Blackstone making bold moves with incentives—aligning them from top to bottom to enhance engagement and performance. Reconfiguring incentives serves as a reliable, technical solution for culture as a value creation lever, one proven to drive attractive returns. #privateequity #talent #culture #leadership #valuecreation

More details on the path Blackstone is taking with employee ownership- a step in the right direction and important to monitor how this plays out over the next 12 months

Today's dialogue at the Wharton Private Equity Venture Capital Conference is a reminder: Operational prowess is the new kingpin in value creation. MBA candidates, attune your radars: -Frontline investing roles? Just the tip of the iceberg. -The real headcount swell? Investor relations, HR, and portfolio support. -Bain Capital's 3.5k portfolio roles are a beacon for the talent hunt. The smart play? Look where others aren't. Broaden your scope. Contact us for more value creation insights in the alternatives sector. #whartonpevc #privateequity #limitedpartners #valuecreation #PEOperations

3 Reasons why Private Equity talent strategies aren’t working anymore: ➡️Longer hold times means you can’t gloss over ineffective systems: You’ll have to live within the systems, so you’d better make sure they’re optimized and repeatable. ➡️Misaligned exec teams are undermining value creation: Hiring the wrong execs for your unique strategy and investment thesis will keep you hitting the reset button. ➡️A purely transactional approach to acquisitions: Bolting on a bunch of small practices and hoping for the best has never been smart. Even less so now. If you’re looking to learn more about talent-driven, value creation in a changing market, check out the link in the comments.

Blackstone plans to grant equity to most rank-and-file employees at companies that it buys out going forward. The Wall Street Journal reported the news last week. It is an exciting development for employees at acquired firms and part of a broader trend to employee ownership in buyout firms. You can read the story at this link: https://ow.ly/QjPn50RUEpN #ESOP #employeeownership #ownershipculture #privateequity