Connect with us

Private Equity

Talent Talent

We announced recently that HPVP is hiring a Head of Talent to focus on hiring and people processes in our portfolio as well as to expand our talent network for portfolio hiring needs. We are excited about this step for HPVP in formalizing a function that has become an important part of how we help … Continue reading Talent Talent

Avatar

Published

on

We announced recently that HPVP is hiring a Head of Talent to focus on hiring and people processes in our portfolio as well as to expand our talent network for portfolio hiring needs.

We are excited about this step for HPVP in formalizing a function that has become an important part of how we help our companies grow. It is no surprise that in its most nascent stage, a startup isn’t much more than the people that comprise it – an amalgamation of their ideas, experiences, network, leadership ability and executional prowess. This is to say that startups are as much or more about people (talent) than anything else.

Our experiences have taught us that there is no single “right” kind of founder. We’ve seen young teams and more mature teams alike found and grow great companies – though a common trait of industry expertise has been notable in our successful teams. We have also seen consistently that there is a right way to build a team to scale a company and many wrong ways: hiring friends, micromanaging, skimping on senior hires for too many cheaper juniors, etc.  All of our teams at one time or another benefit from an outside perspective on organizational design, attracting talent and retaining it.

In our view, the right way to build a team means systematically establishing company functions as a company scales past certain milestones and hiring experienced or emerging leaders to head those functions. For example, we know that an enterprise SaaS company probably doesn’t need a VP of Sales (and probably can’t get a good one) until it passes $3M in recurring revenue. Until then, the best enterprise SaaS companies have CEO or co-founder led evangelical sales trajectories. For an SMB SaaS company, you want to hire a VP of Sales between $1M and $2M to scale a more mechanized sales process of smaller deals. As another example, a SaaS company doesn’t need a Chief Marketing Officer before $10M in ARR (a Director or VP will do), but after $10M, a deeply experienced CMO is the first or second most important hire to get right. We have learned many of these heuristics the hard way – hand-in-hand with our teams – and it is now time for a Head of Talent to encode and share them systematically with our companies and beyond.

Beyond organization design and talent management, once the correct open role is identified, a company needs to find and attract great candidates for it. Our investing team has historically spent 10% to 20% of it’s time meeting with talent in our geographies that could be a fit for our companies as they scale. We have sourced one, two or more of the “C or VP level” leaders at many of our scaling companies. Indeed, as a geographically focused fund, the development of a geographically overlapped talent network is one of the ways we think we have and can add the most value at our companies. It is a differentiator for us versus other peer funds without a geographic focus and also makes us a good partner to the later stage coastal funds who invest in our companies after we do.

Our investing team members will continue to meet with top talent, but our Head of Talent will expand these efforts and formalize a process to track the best talent in our geographies. As we patiently seek the right person for this role, we welcome introductions to experienced talent leaders with deep experience in scaling startups and a passion for helping more. Thank you.

Source: https://vcwithme.co/2020/03/05/talent-talent/

Continue Reading

Private Equity

Intuitive launches new investment division and fund to support healthcare companies

Intuitive, a global technology developer for minimally invasive care and robotic-assisted surgery, has launched an investment division, which includes a $100m fund.

Avatar

Published

on

Intuitive, a global technology developer for minimally invasive care and robotic-assisted surgery, has launched an inves

Source: https://www.altassets.net/private-equity-news/by-news-type/fund-news/intuitive-launches-new-investment-division-and-fund-to-support-healthcare-companies.html

Continue Reading

Private Equity

Veritas Capital holds final close of its debut credit fund

Veritas Capital, a private equity firm focused on technology-enabled companies, has held the final close of its first Credit Opportunities Fund.

Avatar

Published

on

Veritas Capital, a private equity firm focused on technology-enabled companies, has held the final close of its first Credit Opportunities Fund.

The vehicle has pulled in $400m of aggregate committed capital.

Veritas previously secured $6.5bn for its Veritas Capital Fund VII and has also received around $1bn in support for its co-investment division. This has brought the firm’s total capital raised over the past 12 months to $8bn and its total assets under management to $20bn, it claims.

Credit Opportunities Fund will leverage the firm’s highly differentiated deal flow and access to sector insights to embrace the complexity of a maiden fund and “act with conviction and speed.”

The firm believes credit is the natural adjacency for Veritas, due to it already having several credit investments under its belt in the technology and government sectors. It will also allow it to invest across the capital structure to offer tailored solutions.

Veritas Capital CEO and managing partner Ramzi Musallam said, “For over two decades, we have successfully invested in some of the leading, market-critical companies in technology and government across all seven of our private equity funds.

“We launched the Credit Opportunities Fund to expand on that strategy and take advantage of additional opportunities to leverage our strong sector knowledge and experience. The Fund will benefit significantly from our integrated platform and intellectual property, creating a differentiated financing partner with the ability to find highly-customized solutions for the companies in which we invest.”

The investment firm backs technology and technology-enabled solutions within the healthcare, national security, software, education, aerospace & defence, government services, communications, and energy industries.

Earlier in the year, Veritas agreed to buy the healthcare unit of IT and consulting business DXC Technology for $5bn in cash.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/fund-news/veritas-capital-holds-final-close-of-its-debut-credit-fund.html

Continue Reading

Private Equity

Somerset expands China team

Somerset Capital Management has recruited Min Chen to its China team. He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked up experience at RWC and Everest Partners. He will be based Somerset’s Singapore office, according to fund global China. Chen […]

Avatar

Published

on

Somerset Capital Management has recruited Min Chen to its China team.

He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked up experience at RWC and Everest Partners.

He will be based Somerset’s Singapore office, according to fund global China. Chen is also said to be bringing the Prospect fund with him.

“The Prospect View China fund is an important step in the expansion of our Asia business with more China-focused funds expected to be launched in the years ahead,” said Timothy Hay, chief executive of Asia at Somerset Capital.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/somerset-expands-china-team.html

Continue Reading
Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Blockchain1 hour ago

Kutyaszorítóban a szuperelit ügyvédei: Németország elfogatóparancsot adott ki

Venture Capital1 hour ago

Venture Capital1 hour ago

Venture Capital1 hour ago

Venture Capital1 hour ago

Venture Capital1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Saas1 hour ago

Private Equity1 hour ago

Intuitive launches new investment division and fund to support healthcare companies

Private Equity1 hour ago

Veritas Capital holds final close of its debut credit fund

Press Releases1 hour ago

Surgical Lights Market to Generate $3.83 Bn, Globally, by 2026 at 4.5% CAGR: Allied Market Research

Press Releases2 hours ago

Leveraging 40x ROI per Month During the Pandemic

Press Releases2 hours ago

Fineqia investiert in den Blockchain-Fonds IDEO Colab Ventures

Private Equity2 hours ago

Somerset expands China team

Blockchain2 hours ago

Bitcoin SV, Dash, BitTorrent Price Analysis: 28 October

Press Releases2 hours ago

Synopsys and Samsung Foundry Collaboration Delivers Optimized Reference Methodology for High-Performance Compute Designs

Press Releases2 hours ago

Footwear Retailer, Payless, Names 5W Public Relations as Agency Of Record for North American Relaunch

Press Releases2 hours ago

Celebrating 25 Years of Working Together for Healthy Families Publix and March of Dimes Announce Annual Fundraising Drive

Startup2 hours ago

Eightfold AI raises $125 million Series D funding for its AI-powered talent intelligence platform

Private Equity2 hours ago

Fulcrum Asset Management hires new senior member to investment team

Press Releases2 hours ago

Newswire Generates E-Commerce Sales Opportunities for Retailers With EMA GT Sales Accelerator

Press Releases2 hours ago

Beowulf Offers New Innovative Business Model for Its Services

Trending