"Having good market intelligence is no longer optional in this day and age"
Rakesh Pabbi - Senior Partner
Viewing entries tagged
Culture
When George Floyd was murdered by Minneapolis police officers in 2020, it triggered difficult conversations about racism, inclusion and bias in a lot of board rooms. These include Accenture, the global professional services firm with nearly 700,000 employees worldwide.
The importance of culture and its impact on private equity strategy and returns has been a growing development over the past couple of years. As PE investment returns have lagged those of the stock market in the US, firms are feeling pressure to improve and deliver stronger results. This fact combined with some high-profile private company debacles, in large part due to cultural toxicity and leadership miscues, underscores the urgent need for PE sponsors and portfolio companies to prioritize a focus on culture.
