Fall 2019
Columbia Business School Private Equity Program

From the Director

Donna M. Hitscherich ’90, Senior Lecturer in the Discipline of Business Finance and Economics and Director of the Private Equity Program

Dear Friends,

As we start 2018, we continue to move the Private Equity Program forward with all of your help. Greta and 
I are looking forward to seeing many of you as we support our students at the annual student Private Equity Conference at the Marriott on February 23.

In the meantime, we hope you enjoy this edition of the newsletter and invite your attention to the following:

Deal Camp applications are open as we partner once again with Executive Education to offer the opportunity to a select  number of professionals to attend. Please review our Deal Camp video and feel free to contact Greta Larson (gl2304@columbia.edu) for more information. 

• Our research survey on technology and other societal influences on the various generations in today’s workforce is open and all are invited to take the survey. This research is sponsored by SAP Americas and after this the last leg of our research is completed, we look forward to sharing findings with you. Access the surveys here.

Greta and I 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.  As always, if we can be helpful to you in any way or if you have a suggestion for programming, please feel free to reach out to us.

Kind regards,

Donna M. Hitscherich ’90
Senior Lecturer in the Discipline of Business Finance and
Director of the Private Equity Program
Faculty Leader, The Sanford C. Bernstein & Co. Center for Leadership and Ethics
Office: 212-854-0763
Email: dmh9@columbia.edu
Twitter: @dmhcbspe
Linkedin: Donna M. Hitscherich

Fellows Program Update

The Fellows Program students are embarking on their last semester. We have many wonderful candidates that are available. 

Fellows continue to work with their mentors and come to class each week for what has been an outstanding set of lectures and case studies provided by alumni and other industry professionals.

Recognizing the commitment of the Fellows, the Program is working with the School to make the Fellows Program a curricular offering for the Class of 2019.

This year several of the Columbia PE Fellows participants have volunteered with SEO Alternative Investments to coach and mentor SEO fellows. We are looking forward to continuing this partnership.

The Fellows Program has also recently received sponsorship from Mitsubishi  Mitsubishi Corporation is also a strategic partner with One Rock Capital. Thank you to Mitsubishi and Shoko Tanaka ’18 for the support!

 Hire Columbia!
If you have a specific job ready to post, go directly to: www.gsb.columbia.edu/jobpost.
If you are a recruiter or 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. 
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Alumni News

Charles Buaron   

Charles Buaron 14 has joined the Private Equity Program Advisory Board. Welcome Charles!

Elizabeth Burgess ’97 and Vennette Ho ’05 were named two of of 2018's most influential women in M&A.

Nicola Della Casa ’15 has joined KKR in London.

Kevin Collins ’17 has joined Disruptive Technology Advisors.

Carol L. Foster ’92
has joined SharesPost as chief operating officer and chief financial officer. SharesPost is an online platform that links investors with late-stage venture-backed companies and shareholders.

Sharam Honari 97,
Partner at BlackGold, was quoted in PE Hub about their recent milestone:
BlackGold Capital Management (backed by KKR) has raised $165m for its second fund.

Kevin Jackson ’10
was promoted to managing partner at Gridiron Capital LLC.

Robert J. Jackson, Jr.,
has been appointed as SEC Commisioner. Those of you who have joined the Program's events over the years may have met and enjoyed Professor Jackson's presentations. Congratulations Robert!

Claudio La Rosa
’15 has joined Oxy Capital in Milan, Italy.

Clare Murray ’17 was highlighted in a Forbes November 2017 article on her transition from investment banking to impact investing.

Övünc Okyay ’10  has joined LG Capital in Switzerland.

Alan Patricof ’57, co-founder of Greycroft LLC and founder of Apax Partners, is joining the advisory board of YieldStreet, an alternative investment platform.

Stephanie Perry ’98
joined Financial Sponsors Group at Capital One.

Robert Shafir ’84 was named CEO of Och-Ziff, to succeed founder Daniel Och.

Trent Sisson ’15 was named VP at Mountaingate Capital.

David Steinhardt 17
has joined Litespeed Management LLC.

The Alumni Club of New York has a new breakfast series on private equity. The most recent one was held on November 2. The breakfast featured Beth Michelson ’96, Senior Managing Director of Cartesian Capital. Visit the Alumni Club web site for more information.

Private Equity Program Research - Gen Xers Needed!

The Program’s research survey developed with Damon J. Phillips, Lambert Family Professor of Social Enterprise, is available for all professionals!  In particular we could use some more responses from Gen X professionals. Click here to access the survey.

Feel free to share with your colleagues. Thank you in advance for your time and participation!

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Join us at one of our upcoming events!

February 23, 2018 - Annual Student PE Conference. Enter code PEMentors10 at registration to receive 10% off the professional ticket price

April 13-15, 2018 - Columbia Business School Reunion weekend

May 7, 2018 - Columbia Business School Annual Dinner at the Museum of Natural History

Nov 29–Dec 2, 2018 - 8th Annual Deal Camp weekend

Thank you to our Sponsors




What the Program has been doing

October 9, 2017 - Fundraising Panel hosted by Alston & Bird 

Chris Kirsten ’82, Moelis;  Sean Nelson ’16, KKR;  Michael Saarinen, Alston & Bird; David Wachter, W Capital Partners; Donna M. Hitscherich ’90, Columbia Business School. Click for more pictures of the event.

December 2017 - The Program's Annual Deal Camp

Deal Camp participants, 2017. Click for more pictures of Deal Camp.
February 9, 2018 - Women's Business Leadership in Tech (Columbia Business School and Vista Equity Partners)

Professor Hitscherich moderates panel with Betty Hung, Operating Principal, Vista Equity Partners, Stephanie Palmeri ’11, Partner, Uncork Capital and René Yang, Co-head, Vista Endeavor Fund, Vista Equity Partners. If you missed the conference, watch the Facebook Live video.


New Article: Demystifying Cloud (Part I): Cloud Motivation and Economics

Read our newly published article By Sean Epstein `04, Head of SAP Private Equity, EMEA and Greater China; Srinivas Rapthadu – SAP Senior Strategist; Sean Kibbe, SAP Private Equity Fellow

Private Equity funds, specifically their operating partners on the ground, need to  get more engaged on how their portfolio companies’ leaders evaluate the merits and approach to moving to the cloud – both their backbone technologies and the those that create competitive advantage.

Any technology investment should clearly align with the fund’s goals for the transaction – such as short term cost savings goals: platform plays with rapid acquisitions and quick integrations all lend themselves to a cloud-first strategy.
Read More

Private Equity Program Advisory Board

Gary Appel ’77 Executive in Residence, Columbia Business School; Vice Chairman of Corporate Investment-North America, Investcorp International Inc.
Jeffrey Barber ’01
 Managing Director, TA Associates, Inc.

Charles Buaron ’14 Vice President, TPG Growth
Kenneth A. Buckfire ’87 Co-President & Managing Director, Miller Buckfire

Neal Costello ’08 Managing Director, Alpinvest Partners
David E. De Leeuw ’69 Co-Founder and Co-President, Lion Chemical Partners
Hythem El Nazer ’08 Managing Director, TA Associates
Sean P. Epstein ’04 Head EMEA/MEE, SAP Global Private Equity
Stewart K.P. Gross ’87
 Managing Director, Lightyear Capital
Rebecca John ’01 Partner, Lexington Partners
Jeff Rojek ’96 Global Lead Partner, KPMG
Steve Winograd ’82, Managing Director, PennantPark Investment Advisers
Alisa A. Wood ’08 Member, Client and Partner Group, KKR

Members of the Advisory Board and friends at the Annual Dinner, September 13, 2017. Click for more pictures of the event.




Private Equity Program on Twitter

@Cbspe The PE Program on Twitter SaveSaveSave