The Private Equity Podcast, by Raw Selection Playbook Series - Nevin Raj on the complete guide to achieving proprietary inbound deal flow
Welcome to the Private Equity Podcast Playbook Series. In this series, we'll dive deep into crucial private equity subjects and provide playbooks that you can use to grow your firm or portfolio company.
Introducing Nevin Raj
Nevin Raj is the Chief Operating Officer and co-founder of Grata, a B2B search engine for discovering small to middle-market private companies. At Grata, Nevin is responsible for leading business operations, from sales and marketing to customer success and product initiatives.
What You Will Learn:
How to Develop a Strategic Business Development Plan
The Best Way to Ask for Referrals in Private Equity
How to Play the Long Game with Private Equity Relationships
Breakdown
[00:00] Introduction
[01:18] Inbound Prospecting and Deal Sourcing
[03:11] The Tools Needed for Proactive Business Development
[04:39] How to Implement Proactive Business Development
[07:30] Ways PE Firms Can Drive Effective Business Development
[10:20] Understand that the Best PE Firms Play the Long Game
[14:27] Building Relationships Before Process
[16:10] How to Start Asking for Referrals
[20:50] Ways to Build Relationships with Banking Executives
[23:35] Build Better Relationships with Lawyers and Accountants
[27:20] Engaging with Other Investors
[31:50] The "In Real Life" Strategy
[35:20] How the Top PE Firms Manage Relationships
[37:40] Parting Thoughts
Proactive Business Development in Private Equity
Private equity firms are in a tough spot. Competition is fierce, and finding good investments at fair prices is becoming even more challenging. To stay ahead, firms are stepping up their game in deal origination and getting innovative in spotting their next big opportunity. But there is a problem: who should be responsible for ensuring these initiatives work? More and more firms are bringing in business development professionals to fill that role. These folks ensure that the proactive efforts pay off as planned.
According to Nevin, business development is proving to be a critical asset to PE funds. Once a firm start proactively building relationships, they should see a noticeable change in actionable deal flow within a few months.
How to Contact Chris
Nevin's email - Nevin@grata.com
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