Message from Donna M. Hitscherich `90, Senior Lecturer in the Discipline of Business Finance and Economics and Director of the Private Equity Program
Dear Friends of the Private Equity Program:
Hoping you enjoyed your holidays and are staying safe during the winter weather. We are keeping a busy schedule at the Private Equity Program and look forward to having an opportunity to connect with you, our alumni and friends of the Private Equity Program, at some of our upcoming events.
Here are some highlights of the Program since last quarter that you can read about in this newsletter:
• Our alumni survey instrument is now open and we ask for your assistance in our continuing project with Damon J. Phillips, Lambert Family Professor of Social Enterprise and SAP Americas on the role of technology and other societal influences on the various generations in today's workforce. Please read the invite here.
• The Fifth Annual Deal Camp held in December was a tremendous success with over 30 presenters, and a talented group of participants. Read more on our web site and see the slide show of photos from the event. Deal Camp was made possible by the support of EY, Alston & Bird, BNP Paribas, KKR, Pitchbook and with in-kind support by Gurney's Montauk. This was our first year with an additional day for professionals as part of Columbia's Executive Education offerings.
• The Fellows Program under the leadership of Margaret Cannella `76 as the Administrative Director of the Private Equity Program continues a demanding schedule of fund visits and events.
Margaret, Greta and I want to thank all of you who have reached out to us as we strive to fulfill the Program’s mission to bring together financial theory and practice in the private equity industry. This can only be accomplished with the help of our Columbia alumni community and the many friends of the Private Equity Program.
The Private Equity Program Newsletter reaches over 4,000 friends of the Program and is a great way for all of us to stay in touch. If you have any information to share, please contact us.
Donna M. Hitscherich
Fellows Program Update from Margaret Cannella `76, Administrative Director of the Private Equity Program
The Private Equity Fellows Program has completed its selection of 27 MBA and 14 EMBA participants for 2015-16.
The Private Equity Fellows Program continues to support individual students in their career preparation.
- The first semester has included series of case studies each being facilitated by top firms in the industry, exposing students to various facets of the industry and preparing them for interviews. Sessions this year are offered by Carlyle, CVC, General Atlantic, Hamilton Lane and Partners Group.
- Several of this year's Fellows have accepted jobs in the industry and many are still in the midst of their search. If you wish to see the Fellows Program resume book, please contact Greta Larson.
The Fellows Program is delighted to continue to fostering community of Columbia Business School alumni helping each other prosper across the landscape of this exciting and challenging industry.
Private Equity Program Advisory Board
Gary Appel `77 Read more
Executive in Residence, Columbia Business School; Vice Chairman of Corporate Investment-North America at Investcorp International Inc.Jeffrey Barber `01
Managing Director, TA Associates, Inc.
Kenneth A. Buckfire `87
Co-President & Managing Director, Miller Buckfire
Margaret Butler `01
Shareholder, Greenberg Traurig Neal Costello `08
Managing Director, Alpinvest Partners David E. De Leeuw `69
Co-Founder & and Co-President, Lion Chemical PartnersHythem El Nazer '08
Managing Director, TA Associates Sean P. Epstein `04
Head EMEA/MEE, SAP Global Private EquityStewart K.P. Gross `87
Managing Director, Lightyear Capital
Rebecca John `01
Partner, Lexington Partners Adam Reinmann `04
Managing Director, Wendel GroupJeff Rojek `96
Global Lead Partner, KPMGAlisa A. Wood `08
Member, Client and Partner Group, KKR
Shawna Kaufman `11has joined the The Institutional Limited Partners Association as a managing director of membership and events. Previously, Kaufman was a leader of Monitor Deloitte’s customer and marketing strategy practice in Canada. The ILPA is a membership organization focused on serving the interests of private equity LPs.
Ashley Larson `10 joined Revolution Growth as a Vice President. Revolution Growth is a D.C.-based VC firm. Ashley was previously a Senior Associate at ABS Capital Partners.
Jeff Mizrahi `09 and Elisha Aharon `15 set out on their own last year to start new private equity firms Sand Oak Capital and LMM Capital Partners, respectively. Sand Oak focuses on control buyouts of privately held industrial and manufacturing companies across the United States with a particular focus on the U.S. Rust Belt. LMM Capital is an operationally-focused private equity firm that seeks to make minority and control investments in founder and family-owned niche manufacturing, business services and consumer companies with enterprise values up to $100M.
The two alumni, who know each other through our Private Equity Fellows Program, have recently leveraged their relationships and like-minded investment approaches to make a co-investment led by Sand Oak in LCR Contractors, a Texas-based regional leader in spray fireproofing and spray foam insulation services for commercial and residential construction projects.
Ira Simkhovitch `13 has been promoted to Vice President on the Secondaries team at Industry Ventures. Hans Swildens `95, CEO and Founder of Industry Ventures says "I am very pleased to... congratulate Ira and Brian on their consistent and valuable contributions to our firm’s success... We expect to see the secondary market expand dramatically in the coming years based on the industry metrics of non-traditional venture investors reaching a 10 year peak this year."
Tao Tan `11 recently published an article in the McKinsey Quarterly with Hyder Kazimi, How private-equity owners lean into turnarounds: PE-backed companies outperform their public counterparts during periods of distress because the owners play a more active role in management.
||Alisa Wood `08 was recently featured in Women in Midmarket M&A column by Danielle Fugazy: Sphere of Influence: Heads KKR’s products specialist area globally for all private market activities, participates in capital raising and nurtures relationships with limited partners.
||Aleks Jozwik `14 and Bharath Rajagopalan `15, who were both participants of the Fellows Program and Deal Camp, sent us this picture in the Swiss Alps as they start their roles at Partners Group.
Private Equity Program Research - Calling for Alumni Participation!
Enhancing your Career Success in a Multi-Generational Workplace
- the Program's research survey developed with Damon J. Phillips
, Lambert Family Professor of Social Enterprise
, was launched to the most recent incoming Class of 2017 during their Orientation.We look forward to sharing the survey with our alumni. Thank you in advance for helping Columbia research!
The survey will take about 20 minutes of your time.
THANK YOU to the sponsors of this newsletter
THANK YOU to the Sponsors of the Fifth Annual Deal Camp
February 19, 2016
The Student PE/VC Club's 22nd Annual Private Equity & Venture Capital Conference
will take place February 19, 2016 at the Marriott. Alumni discounts are available.
The Conference will feature distinguished keynote speakers David Rubenstein
(The Carlyle Group, Co-Founder and Co-CEO), Anton Levy
`03 (General Atlantic, Managing Director), Molly Ashby
(Solera, Founder, Chairman & CEO), and Wayne Berman
(The Blackstone Group, Senior Advisor for Global Government Affairs), as well as an impressive lineup of panelists from some of the industry's leading firms.
April 15-17, 2016
Reunion Weekend on the weekend of April 15-17.
Professor Hitscherich will be moderating the Private Equity panel.
December 1-4, 2016
Deal Camp 2016 will take place the first weekend of December. The Program will again work with Columbia Business School Executive Education
to select a group of professionals to participate. This high-touch learning experience is ideal for career changers, and pre-MBA professionals. Contact us
for more information.
|Thank you to EY for its continued support of the Program's Annual Deal Camp!
December 3-7 - Fifth Annual Deal Camp
|Professor Valerie Purdie-Vaughns gives a talk at Deal Camp on the importance of diverse teams sponsored by KKR.
October 2, 2015
- Kick-off Reception for the Fellows Program
Margaret Cannella '76 speaks with Class of 2016 Fellows Candidates
October 6, 2015 - Alumni Panel Discussion at Alston & Bird "M&A and Activism"
|Speakers L-R, Professor Donna M. Hitscherich `90, Matt Sherman `03, Joele Frank, Scott Ostfeld `02, Jana Partners, Scott Winter, Innisfree M&A and Charles Buaron `14, TPG
2016 HOLIDAY GREETINGS from the PRIVATE EQUITY PROGRAM
FEATURED CONTENT: 3 Big Ways that Technology Impacts M&A
By Sean Epstein `04, Head of SAP Private Equity, EMEA/MEE and Emmanuel Cassimatis, Head of Small & Mid Cap Private Equity, EMEA
"Most everyone would agree that technology has a role in M&A or at the very least an impact on its success. In early September of this year, hundreds of General Partners (GPs) and Limited Partners (LPs) gathered at the annual Capital Creation event in Monaco. If there were a word cloud from these conversations the phrase “value creation” would have stood out the most. Funds and their LPs are prioritizing this element of their investment thesis, or criteria for allocating funds. More than ever, they recognize that technology has come from being an enabler to being a source of competitive advantage. At a time where there is high liquidity, being able to create operational value through technology has become a key success factor, a door to efficient value creation." Read the executive summary of what investors need to know about the impact of technology on M&A.
Private Equity Program on Twitter
Looking for a Columbia Private Equity Candidate?
The Private Equity Program has been meeting with recruiters and private equity professionals to discuss how the Program, in cooperation with The Career Management Center, can best help in providing top talent.
If you are a recruiter, private equity professional interested in discussing Columbia recruiting, have comments or questions, or wish to see the Deal Camp or Fellows Program resume book please contact us
If you have a specific job ready to post, go directly to www.gsb.columbia.edu/jobpost