An effective and optimized senior management team, an engaged employee culture, a strong capital structure, and industry specialization are the key ingredients to a successful private equity fund, according to David Acharya, Managing
Partner of a private equity firm located in New York City.
A few months ago, I had the great fortune to meet David while attending an Association for Corporate Growth (ACG) event in New York City. David and I shared our perspectives from our respective areas of expertise and we continue that conversation in Episode 50 of the Get Hired Up! podcast in terms of culture, due diligence, and leadership.
David is the managing partner of ACP, a private equity firm in New York City that buys, builds, and enhances lower middle market companies in TMT, business, marketing services, and manufacturing (TMT is Telecom Media Technology).
David says, "A big trend in private
equity is going from the generalist model to the industry specialization model..."
We talked about due diligence challenges from an investment perspective before the deal closes and David discussed his firm's industry, industry focus, investment criteria and due diligence practices that have produced excellent results for his firm and
portfolio companies.
If you're at all interested in private equity funds and their portfolio companies, then you will enjoy this conversation.
I am particularly impressed with David's approach to building
a positive employee culture within his portfolio companies.