Private Equity Podcast: Karma School of Business Private Equity Resilience: Turning Adversity Into Opportunity
Apr 23, 2025
Andrew Joy, a partner at Hidden Harbor Capital, shares his incredible journey of overcoming a near-fatal injury and rising to become valedictorian at Emory University. He discusses how resilience and grit shape success in private equity, particularly during crises like the 2008 financial crash and COVID-19. The conversation highlights the importance of small victories and mindset shifts in turning challenges into opportunities. Additionally, Rob Konrad's 16-hour survival swim story adds a gripping layer, illustrating the profound lessons of determination and decision-making in life and business.
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Resilience, Tenacity, and Grit Defined
- Resilience is the immediate response to adversity, enabling recovery and bouncing back quickly.
- Tenacity drives continuous progress while grit sustains long-term commitment and passion through challenges.
PE Thrives Amid Crises
- Private equity thrives during crises by quickly assessing chaos and injecting capital to keep businesses alive.
- Companies emerge stronger, smarter, and better prepared after navigating periods of great uncertainty.
PE's Strategic COVID Response
- During COVID-19, private equity paused to gather intelligence before aggressively hiring to equip new strategies.
- They rapidly adopted digital transformation, supply chain procurement, and lean efficiency approaches.