Challenging market conditions appear to be taking their toll on the pace of hiring in private markets, but the need for value-creation expertise continues to surge says Rupert Bell in article by Private Equity International

The article suggests that attracting the right candidates remains a formidable challenge, and firms must differentiate themselves in order to attract top talent.

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Amidst challenging market conditions, the pace of hiring in private markets is experiencing a discernible slowdown. Rupert Bell, Director of DACH, identifies that the need for value-creation expertise continues to surge, marking a significant shift from the past when it was primarily accessible to large-cap funds, but now indispensable across all fund sizes. According to the Private Fund Leaders Survey 2023, value creation and portfolio management remain at the forefront of priorities for industry leaders, with almost two-thirds of respondents prioritising them for expanding their teams.

This heightened demand for value-creation professionals can be attributed to the evolving economic landscape, which requires a unique skill set and real operational leadership experience. As businesses adapt to new market dynamics, there is a growing emphasis on individuals who have weathered downturns and possess the acumen to navigate these challenges effectively.

Rupert's profile

Rupert argues that attracting the right talent remains a formidable challenge, with value-creation and portfolio management roles topping the list of recruitment difficulties for GPs. In a competitive talent landscape, firms must adopt a proactive and sales-oriented approach from the outset, recognising that securing the right talent can be a game-changer, and the investment is well worth the return. 

Rupert underscores the significance of cultural alignment in today's hiring environment, as candidates seek to align with a firm's values, career development prospects, promotion pathways, and actively seek out role models and mentors. Transparent communication on these fronts serves as a key differentiator for firms. Additionally, GPs are advised to cultivate relationships with ideal candidates well in advance of hiring needs, fostering goal alignment over time.