PE Executive vs. Corporate Executive: What’s the Difference? | Kip Knippel, KIP Search
What's the difference between a private equity executive and a corporate executive? Kip Knippel, President & CEO at KIP Search, explains that PE firms want leaders who have done it before: people used to coming in, making an immediate impact, working around the clock to improve, grow, scale and professionalize the business, exiting and then doing it again. He contrasts that velocity and mindset with a typical corporate executive who spends 15 years in the same role, and describes the driv...
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Castro What's the difference between a private equity executive and a corporate executive? Kip Knippel, President & CEO at KIP Search, explains that PE firms want leaders who have done it before: people used to coming in, making an immediate impact, working around the clock to improve, grow, scale and professionalize the business, exiting and then doing it again. He contrasts that velocity and mindset with a typical corporate executive who spends 15 years in the same role, and describes the drive PE firms look for to create value for all stakeholders.
About Kip Knippel: Kip is President and CEO of KIP Search, a Minneapolis-based retained executive search firm that places C-level leaders, with a practice focused on private equity, venture capital, family offices, EOS companies and emerging technology. He began his career as an M&A and commercial real estate lawyer and hosts the Capitalist Culture podcast.
Connect with Kip Knippel:
Website: https://www.kipsearch.com
LinkedIn: https://www.linkedin.com/in/kipknippel/
Connect with host Joshua Wilson:
LinkedIn: https://www.linkedin.com/in/joshuabrucewilson/
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A One Iron Network production: Executive Producer Joshua Wilson
The PE Podcast is for informational and educational purposes only. Nothing discussed is investment, legal, tax, or financial advice, or an offer or solicitation to buy or sell any security or fund interest.
Disclaimer: Joshua Wilson is a licensed Florida real estate broker (BK3038350) and holds FINRA Series 79 and Series 63 licensure. The PE Podcast is produced by One Iron Network LLC for informational and educational purposes only. Nothing discussed constitutes investment advice, legal or tax advice, a solicitation, or a recommendation to buy or sell any security or to pursue or avoid any transaction. All views and opinions expressed by the host and guests are their own and do not necessarily reflect the positions of One Iron Network LLC, Smooth Stone Capital, any regulatory agency, or any employer. Any performance figures, valuations, or transaction terms discussed are historical, specific to the circumstances described, and are not indicative of future results. Listeners should consult their own legal, financial, and tax professionals before making any business, financial, or transaction decision.
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For a private equity group that's looking to maybe hire internally, what what are some of the things that they look for in executive leaders versus, you know, maybe someone at a corporate looking for headhunting? What's the difference of finding the right person that fits the PE world versus maybe just corporate America clock in, clock out? What are your thoughts?
Kip Knippel:Yes. So private equity firms want leaders that have done it before. They have a proven track record. They are used to the world of come in, make an immediate impact. You're working around the clock, trying to make, you know, improvements, efficiencies, effectiveness, grow the business, scale the business, professionalize the business, leading towards an exit at, you know, some sort of given point down the road. And someone that's done that can have that velocity. have the exit, and then they want to do it again. And so it's it's the it's that type of mindset. again, a proven track record is always helpful, but someone that's wired that way is used to doing that work as opposed to someone that, you know, is in typical corporate and just spends 15 years in the same role and it's maybe more status quo. We want people that are know how to scale businesses and and do it quickly and effectively and and just that's what fires them up. That's what they're passionate about. That would — that's what gets them up in the morning, just ready to make impact, do it now, do it fast, do it effectively, do it, you know, to create value for all of the stakeholders. That's the type of people that PE are looking for for those executive leaders.