Podcast: Managing Director Ted Bililies on PE Funcast | AlixPartners (2022)

ParkerGale Capital is a private equity firm that buys technology companies and has been for more than two decades. They aim to help people build products that matter and processes that can scale, and cultures that last so that their companies can grow and their teams can thrive.

ParkerGale's Private Equity Funcast is an entertaining and insightful channel for the team's discussions on building technology companies and the tools that they use to grow them.

AlixPartners Managing Director and Chief Talent Officer, Ted Bililies shares his insight on the podcast, detailing the findings of our Annual Private Equity Leadership Survey and what that means for day-to-day operations and strategies for PE leadership and their portfolio companies.

Podcast: Managing Director Ted Bililies on PE Funcast | AlixPartners (1)

#01 LEADERSHIP, CULTURE & PRIVATE EQUITY

AlixPartners Managing Director and Chief Talent Officer Ted Bililies, Ph.D (top right), sat down with ParkerGales' Jimmy Holloran, Principal (top left) and Devin Mathews, Partner, the hosts of the ParkerGale PE Funcast podcast, to discuss the findings from AlixPartners’ 5th Annual Private Equity Leadership Survey. The results reveal just how critical human capital is to value creation and how culture is an often overlooked source of value by investors. With more than a half century of PE experience between them, the three bantered on the PE-portco dynamic, given the volatility and uncertainty we are all experiencing in 2020.


Key takeaways:

  • Leadership and culture are two sides of the same coin. When we are asked to help evaluate and select CEOs for portfolio companies, which we are asked to do every month. We are increasingly looking at not just how competent will the CEO be in the role, but how quickly and how effectively is he or she going to be at creating a culture? Do they know how to do it?
  • PE firms themselves have noticed that they have to eat their own cooking and look critically at their own culture.
  • CEOs are in hand-to-hand combat every day for talent. They know the power of a good culture and the toxicity of a bad culture when it comes to attracting and retaining talent.
  • Over the last 5 years, there isn’t a significant middle-market fund that hasn’t hired a human capital partner or they are actively recruiting right now for the position.

LISTEN NOW

AlixPartners Managing Director and Chief Talent Officer Ted Bililies, Ph.D (top right), sat down with ParkerGales' Jimmy Holloran, Principal (top left) and Devin Mathews, Partner, the hosts of the ParkerGale PE Funcast podcast, to discuss the findings from AlixPartners’ 5th Annual Private Equity Leadership Survey. The results reveal just how critical human capital is to value creation and how culture is an often overlooked source of value by investors. With more than a half century of PE experience between them, the three bantered on the PE-portco dynamic, given the volatility and uncertainty we are all experiencing in 2020.

(Video) Webinar: Supporting portcos and prioritizing human capital in disruptive times


Key takeaways:

  • Leadership and culture are two sides of the same coin. When we are asked to help evaluate and select CEOs for portfolio companies, which we are asked to do every month. We are increasingly looking at not just how competent will the CEO be in the role, but how quickly and how effectively is he or she going to be at creating a culture? Do they know how to do it?
  • PE firms themselves have noticed that they have to eat their own cooking and look critically at their own culture.
  • CEOs are in hand-to-hand combat every day for talent. They know the power of a good culture and the toxicity of a bad culture when it comes to attracting and retaining talent.
  • Over the last 5 years, there isn’t a significant middle-market fund that hasn’t hired a human capital partner or they are actively recruiting right now for the position.

LISTEN NOW

Podcast: Managing Director Ted Bililies on PE Funcast | AlixPartners (2)

#02 LEADERSHIP IN TIMES OF DISRUPTION

AlixPartners Managing Director and Chief Talent Officer Ted Bililies, Ph.D. (right), spoke with ParkerGales' Jimmy Holloran (left), Principal and host of the ParkerGale PE Funcast podcast, to discuss the findings from AlixPartners’ 6th Annual Private Equity Leadership Survey. This year's report focused on how companies can best survive and thrive amid extreme disruption, thus ensuring PE investment success. This year’s survey findings delivered a message loud and clear: In times of extreme disruption, smart management of human capital becomes even more essential for portfolio company performance and PE investment success.

Ted and Jimmy discuss the top priorities for generating value—both PE and Portco respondents to generate value during periods of disruption was human capital, the increased focus on human capital due diligence, and the evolving role of leadership when managing through disruption.


Key takeaways:

  • The transformational leader is someone who sets a very compelling vision, who makes the hard strategic choices on the one hand, but relates to people empathetically and authentically on the other. And the survey findings are in agreement with this definition.
  • The number one fastest-growing job in the private equity industry is not deal partner. It's human capital partner. It used to be that only very big firms would have a human capital partner... and that was only 5 years ago. Now, you can't find a middle-market firm that doesn't have a human capital partner.
  • ESG is not a nice to have anymore. It's a must-have because if you don't, your talent is going to walk across the street to another firm who ‘gets it.’ Layer on top of that a global pandemic and working from home, which puts even greater emphasis and need for the ability of an organization to connect its people to its purpose.
  • We're not in just one disruption. We are in disruptions involving racial injustice, severe climate change that affects businesses and other stakeholders significantly, we're dealing with gender inequality. We are in the midst of multiple disruptions besides COVID-19, and we will be for several years. Why is this important? Because leading through disruption is itself a core competency of leadership.

LISTEN NOW

AlixPartners Managing Director and Chief Talent Officer Ted Bililies, Ph.D. (right), spoke with ParkerGales' Jimmy Holloran (left), Principal and host of the ParkerGale PE Funcast podcast, to discuss the findings from AlixPartners’ 6th Annual Private Equity Leadership Survey. This year's report focused on how companies can best survive and thrive amid extreme disruption, thus ensuring PE investment success. This year’s survey findings delivered a message loud and clear: In times of extreme disruption, smart management of human capital becomes even more essential for portfolio company performance and PE investment success.

Ted and Jimmy discuss the top priorities for generating value—both PE and Portco respondents to generate value during periods of disruption was human capital, the increased focus on human capital due diligence, and the evolving role of leadership when managing through disruption.


Key takeaways:

  • The transformational leader is someone who sets a very compelling vision, who makes the hard strategic choices on the one hand, but relates to people empathetically and authentically on the other. And the survey findings are in agreement with this definition.
  • The number one fastest-growing job in the private equity industry is not deal partner. It's human capital partner. It used to be that only very big firms would have a human capital partner... and that was only 5 years ago. Now, you can't find a middle-market firm that doesn't have a human capital partner.
  • ESG is not a nice to have anymore. It's a must-have because if you don't, your talent is going to walk across the street to another firm who ‘gets it.’ Layer on top of that a global pandemic and working from home, which puts even greater emphasis and need for the ability of an organization to connect its people to its purpose.
  • We're not in just one disruption. We are in disruptions involving racial injustice, severe climate change that affects businesses and other stakeholders significantly, we're dealing with gender inequality. We are in the midst of multiple disruptions besides COVID-19, and we will be for several years. Why is this important? Because leading through disruption is itself a core competency of leadership.

LISTEN NOW

(Video) Webinar: AlixPartners' 4th Annual Private Equity Leadership Survey 2019

The opinions expressed are those of the author(s) and do not necessarily reflect the views of AlixPartners, LLP, its affiliates, or any of its or their respective other professionals or clients. This article regarding Managing Director Ted Bililies on the Private Equity Funcast podcast(“Article”) was prepared by AlixPartners, LLP (“AlixPartners”) for general information and distribution on a strictly confidential and non-reliance basis. No one in possession of this Article may rely on any portion of this Article. This Article may be based, in whole or in part, on projections or forecasts of future events. A forecast, by its nature, is speculative and includes estimates and assumptions which may prove to be wrong. Actual results may, and frequently do, differ from those projected or forecast. The information in this Article reflects conditions and our views as of this date, all of which are subject to change. We undertake no obligation to update or provide any revisions to the Article. This article is the property of AlixPartners, and neither the article nor any of its contents may be copied, used, or distributed to any third party without the prior written consent of AlixPartners.

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