Why Private Equity Needs to Invest More in Talent Development

Traditionally, private equity companies have created value at the companies they own by taking on debt, restructuring, and exploiting underserved opportunities. But surging interest rates and increased competition have made it much harder to deliver strong returns. Ted Bililies, a partner and managing director of AlixPartners, says private equity leaders can no longer count on financial engineering to drive performance. Instead, they need to invest in the human capital at their portfolio companies. Bililies wrote the HBR article “Private Equity Needs a New Talent Strategy.”

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HBR IdeaCast
Episode 941

Why Private Equity Needs to Invest More in Talent Development

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A conversation with AlixPartners’ Ted Bililies on shifting strategy in a tough market.

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November 21, 2023

Traditionally, private equity companies have created value at the companies they own by taking on debt, restructuring, and exploiting underserved opportunities. But surging interest rates and increased competition have made it much harder to deliver strong returns. Ted Bililies, a partner and managing director of AlixPartners, says private equity leaders can no longer count on financial engineering to drive performance. Instead, they need to invest in the human capital at their portfolio companies. Bililies wrote the HBR article “Private Equity Needs a New Talent Strategy.”

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This article is about PRIVATE EQUITY

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Related Topics:

• Finance and investing

• Talent management

• Hiring and recruitment

• Human resource management

• Leadership development

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