Client BackgroundOur client is a Hedge Fund headquartered overseas, that was planning to launch a billion-dollar private equity firm in the US. BriefPage Executive competed with five of the largest and most prestigious executive search firms in the country in order to win this account. We were invited by the hedge fund to pitch our plan to recruit a Managing Partner for its soon-to-launch US private equity firm.The successful candidate would be responsible for setting up and running the firm, undertaking principal investing, raising capital, and building a team. The Managing Partner would report into the overseas-based owners of the hedge fund, with the potential to progress as a co-owner of the fund. The successful candidate would be expected to generate tens of millions of dollars in revenue. Skip to our search methodology pertaining to this assignment and find out how we engaged, sourced, assessed and delivered.ResultsThe successful candidate was a professional who had previously set up and run his own private equity firm for many years. He had the toolkit of skills to achieve the ambitious targets attached to the Managing Partner role. He was also based in New York, which was a preference of the client. The Hedge Fund owners are extremely satisfied with the candidate, who has already surpassed their expectations in terms of revenue generation. Search MethodologyEngagementPage Executive won the pitch after three demanding rounds of interviews with the owners of the hedge fund. This was an extremely high profile and sensitive mandate, as it entailed the investment of over a billion dollars by three families based overseas. The search was completely confidential, so Page Executive and all shortlisted candidates were required to sign non-disclosure agreements. SourcingPage Executive identified 140 potential candidates who were Managing Partners of private equity firms. This talent was found by researching top conferences targeted at these kinds of firms. Discussions over the profiles with the owners brought the shortlist down to 15 candidates. AssessmentThrough intensive rounds of interviews, Page Executive arrived at the top 8 candidates, each of whom were introduced to the owners through in-person meetings. Each candidate had relevant experience and skills. DeliveryThe final 3 candidates were flown to the overseas headquarters for an interview with the owners, which included key decision makers from the families, their lawyers, and Board members from their firms. Page Executive led the entire recruitment process, engaging with these senior stakeholders to ultimately arrive at a unanimous decision on the strongest candidate. Looking to partner with us for your executive search requirements?Fill out our form and we will be in touch.We source leadership talent with precision, speed and flexibilityWe deliver a quality executive recruitment service that’s commercially aligned for your business. Find out more about what we can offer you. Learn more Get in touch Related linksOur consultantsOur team are experts in their industry and known for their powerful connections.InsightsAccess our range of eBooks, articles, and insights for North America.
