Private equity is a special space. When we look for leaders in PE we want impatient people, executives who will respond to the challenge to deliver results without excuse, while carefully measuring the risk.
Two good examples are Plínio Villares Musetti in Brazil, who initially joined JP Morgan Partners, and Paul Fletcher at Actis in the UK.
“It was way out of my comfort zone," Plinio told us in a recent meeting. "But I did it for the challenge - and because the risk-reward equation made sense. Switching costs were low. I was 48 so could try it for three or four years and then go back to the corporate world with a richer business experience if I didn't like it."