Long seen as ripe for consolidation, the fund administration sector is in the middle of another flurry of private equity-backed M&A.

The top fund administration players consolidating the industry — a number of which are backed by buyout houses — expect the large to continue to get larger. 

Private equity firms are still buying businesses to scale, but for those businesses starting at zero, it is difficult to gain market share in the fund administration space, Hughes said in an earlier interview. "You'll be able to pick up some smaller clients or some riskier clients generally if you're starting in the industry now and so there are significant barriers to entry, but some are able to get traction."

Read the full article at: www.spglobal.com

Private equity is catching a lot of flak at the moment — from politicians who see the investment class as plutocratic, investors who seek stronger regulatory scrutiny of the industry and insiders who aim to break the glass ceilings keeping women from rising through their ranks.

The industry has made some progress on the latter issue. A Preqin study released in February showed the percentage of female board seats at private equity firms climbed to 5.2% in 2018 from 4.1% in 2017.

Read the full article at: www.thedeal.com

Key characteristic that private equity firms look for is that the candidate is able to think like an investor rather than an execution or junior investment banker. Remember, private equity involves making successful “investments” rather than successful transaction closings that are not affected by post-transaction performance.

Recruiters, or “headhunters,” play a large role in private equity searches. These recruiting firms source top candidates for private equity interviews. Traditionally headhunting recruiters work with top-rank first-year analysts at an investment bank or consulting firm.  You will have to decide if the headhunters are calling you with the jobs you want.   Not receiving phone calls from headhunters doesn’t mean you are not desirable; it means you may have to reach out to the recruiters yourself. 

Read the full article at: www.streetofwalls.com

Venture capital money is flooding the human resources space as employers seek new ways to recruit, hire and retain their workforces.

Human resource technologies — which can run the gamut from background checks to benefits and everything in between — already has seen nearly $3.6 billion in venture funding for 260 deals this year, according to Crunchbase data. That dollar amount already surpasses all of last year, which witnessed not even $2.2 billion invested in 500 funding deals.

Read the full article at: news.crunchbase.com