Private Equity Podcast: Karma School of Business

In this episode of the "Karma School of Business Podcast," host Sean Mooney engages in a captivating discussion with Bob Belke, Managing Partner at Lovell Minnick Partners. From a small town in Northern Wisconsin to the forefront of the private equity industry, Bob shares his unique journey and the lessons learned along the way. This conversation delves deep into the evolution of private equity, the significance of specialized focus, and the art of value creation in today’s competitive landscape. Episode Highlights: 1:06 - Bob's Path into Private Equity: Tracing Bob’s steps from his beginnings in a small town to his pivotal role in shaping Lovell Minnick Partners, this segment explores the motivations and challenges that defined his entry into the private equity world. 4:33 - Tenacity and Vision: Bob reflects on the importance of persistence and having a clear goal, emphasizing how determination has been key to his success in the private equity industry. 6:00 - An Unexpected Achievement: Bob shares a surprising personal milestone - winning the state of Wisconsin spelling bee and participating in the National Spelling Bee, underscoring the value of hard work and preparation. 9:46 - Identifying Potential in Companies: Bob discusses what Lovell Minnick Partners looks for in potential investments, highlighting the importance of a focused strategy, operational potential, and the transformative impact of private equity partnership. 15:03 - Empowering CEOs and Building Teams: Insights into how Lovell Minnick Partners collaborates with CEOs and management teams to unlock growth and drive success, emphasizing the transformative changes that often occur within portfolio companies. 19:46 - Technology and Finance Function: Bob elaborates on the critical roles of technology and finance in value creation, sharing how Lovell Minnick Partners leverages expertise in these areas to enhance portfolio companies’ growth and operational efficiency. 22:20 - The State of the Private Equity Industry: Bob offers his perspective on the current state and future challenges of the private equity industry, including the importance of value creation and the potential impact of shifting capital flows. 33:35 - Life Lessons and Book Recommendations: Bob shares impactful book recommendations, including "Die With Zero" and "The Monk Who Sold His Ferrari," offering insights into living a fulfilling life and the power of positive thinking. For more information on Lovell Minnick, go to www.lmpartners.com. For more information on Bob Belke, go to www.linkedin.com/in/robert-belke-a480a74a. For more information on BluWave and this podcast, go to www.bluwave.net/podcasts. This episode provides a comprehensive look into Bob Belke’s journey and the strategic insights that have guided Lovell Minnick Partners through the evolving landscape of private equity. Whether you're an investor, an entrepreneur, or someone interested in the dynamics of successful business growth and personal development, Bob’s story and the wisdom shared in this conversation offer valuable lessons and inspiration.

Gretchen Perkins, Partner at Avance Investment Management, shares her journey from commercial lending to pivotal business development role in private equity. Insights on mentorship, thematic investing, and personal influences shaping her career. Discusses evolving industry dynamics, evaluating investment opportunities, and navigating private equity strategies with a focus on management teams. Includes personal anecdotes, family influence, and gratitude for sharing valuable information.

Carl Press, seasoned partner at Thoma Bravo, discusses private equity in software industry. Highlights include his journey into private equity, importance of leadership, Thoma Bravo's investment philosophy, strategies for value creation, and navigating economic uncertainty.

Sean Mooney, Founder and CEO of BluWave, discusses private equity trends in 2024, focusing on economic indicators, sector-specific insights, technology investments, human capital trends, and predictions. Topics include the Buffalo Strategy, manufacturing and healthcare sector activities, technology for value creation, and hiring trends for growth-oriented executives.

In this episode of the "Karma School of Business Podcast," host Sean Mooney sits down with Josh Adams, Partner at OpenGate Capital, to explore the intricacies of the private equity industry. This conversation sheds light on the strategic and operational approaches that drive success in private equity investments, particularly focusing on corporate carve-outs and global market navigation. Episode Highlights: 1:05 - Josh Adams' Journey: Josh shares his unconventional path into private equity, from his beginnings in South Wales to becoming a partner at OpenGate Capital. 07:59 - Personal Insights: Josh discusses his Welsh heritage and how it influences his professional outlook and approach to private equity. 10:43 - Industry Challenges: The conversation turns to the current challenges in the private equity market, including capital raising and deployment strategies. 18:00 - Strategic Focus: Josh elaborates on OpenGate Capital's focus on industrials and corporate carve-outs, detailing the importance of specialization and operational excellence. 24:47 - Global Approach: Insights into OpenGate Capital's global strategy, emphasizing the benefits of an internationally experienced team and cross-border investments. 29:40 - Adapting to Market Changes: Josh discusses how OpenGate Capital has refined its investment strategies to navigate a tough market environment effectively. For more information about OpenGate Capital, go to www.opengatecapital.com For more information on Josh, go to www.linkedin.com/in/joshua-m-adams-70602126 For more information on BluWave and this podcast, go to www.bluwave.net/podcasts This episode provides a deep dive into the strategies, challenges, and successes that define the private equity landscape, offering valuable lessons for investors and industry professionals alike. Join us for a closer look at the operational and strategic excellence behind OpenGate Capital's success in the private equity sector. Listeners will gain actionable insights into navigating the complexities of private equity, making informed investment decisions, and understanding the critical role of operational expertise in achieving long-term success.

John Caple, Partner at Hidden Harbor Capital Partners, discusses his transition to private equity, Hidden Harbor's approach to value creation, strategies for growth, and balancing work and family life. The podcast also touches on fishing adventures, investment criteria, building a foundation for business growth, and the impact of feedback in business perspectives.

In this standout episode of the Karma School of Business Podcast, host Sean Mooney compiles an array of life hacks shared by prominent figures in the private equity world. As we navigate the complexities of both the private equity industry and our personal lives, finding ways to streamline our daily routines is invaluable. This episode brings together the best tips and tricks from our esteemed guests, offering listeners practical solutions to enhance efficiency, improve wellbeing, and make the most out of every day. Dive into these curated insights and discover how small changes can lead to significant improvements in your life and work within the private equity sector. Episode Highlights: 01:23 - Erica Blob on Sleep Solutions for Travel: Erica introduces a game-changing pillow that promises better sleep during travel, a must-have for the frequent private equity traveler. (Listen to Erica's episode) 04:33 - Andrew Joy's Foundation for Success: Andrew advocates for a return to basics, emphasizing hard work and dedication as the true "life hack" for success in private equity. (Listen to Andrew's episode) 06:21 - Dave Feierstein's Wardrobe Efficiency: Dave reveals his strategy for simplifying daily attire decisions, a time-saving approach valued by private equity professionals. (Listen to Dave's episode) 11:08 - Gabe Mesanza on Effective Note-Taking: Gabe shares how transitioning to digital note-taking has revolutionized his organization and memory retention. (Listen to Gabe's episode) 13:46 - David Hellier's Coffee Prep Hack: David offers a simple yet brilliant tip for a hassle-free coffee experience, perfect for the private equity morning routine. (Listen to David's episode) 15:46 - Charlie Gifford on Wine Aeration Technique: Charlie introduces a unique method for aerating wine, enhancing the private equity dining experience. (Listen to Charlie's episode) 17:48 - Doug Horn on Tranquil Travel: Doug discusses how noise-canceling earphones have become his essential travel companion, offering peace amidst the bustling life of a private equity investor. (Listen to Doug's episode) For more info on BluWave and this podcast, go to www.bluwave.net/podcasts. Join us as Sean Mooney delves into these transformative life hacks shared by private equity leaders, demonstrating that efficiency, wellbeing, and enjoyment can coexist seamlessly in the fast-paced world of private equity. Please subscribe to the Karma School of Business Podcast for more episodes like this, and leave us a review if you find our content valuable. Stay tuned for our next episode, where we continue to explore key elements of business success in the realm of private equity.

Doron Grosman, a seasoned figure in private equity, discusses challenges faced as a CEO, board engagement, and necessary skills for success in private equity. He emphasizes leadership, strategy, and governance while sharing valuable advice for aspiring professionals.

In this engaging episode of the Karma School of Business Podcast, host Sean Mooney, founder and CEO of BluWave, sits down with Curt Kahn, Investor and Head of US Operations at Livingbridge. Curt shares his unconventional journey into the private equity world, starting from consulting roles at Booz Allen and PricewaterhouseCoopers to an operational leadership position at Ability Network, and finally, to pioneering Livingbridge's expansion into the US market. Episode Highlights: 01:15 - Curt's Non-Traditional Route to Private Equity - Curt discusses his initial career in consulting and M&A advisory, leading to his operational experience at Ability Network and his transition to Livingbridge. 03:29 - Adapting to Private Equity from an Operating Role - Insights into Curt's adjustment to private equity and how his diverse background influences his approach to investments. 05:54 - Curt's Personal Passion: Paddle Tennis - Curt reveals his interest in paddle tennis, showcasing a side of him outside the professional realm. 08:19 - Key Traits for Successful Investments - Curt outlines the crucial factors he looks for in companies, emphasizing the importance of team, customer satisfaction, and scalability. 13:40 - Livingbridge's Approach to Value Creation - An exploration of how Livingbridge supports portfolio companies through its unique value strategy group and functional expertise. 17:49 - Navigating the 'Washing Machine Economy' - Curt discusses thematic value creation opportunities amid fluctuating economic conditions and the importance of data science in driving business outcomes. 21:54 - Advice to Curt's Younger Self - Curt reflects on the value of embracing uncomfortable situations early in one's career to pave the way for success. For more information on Livingbridge, go to www.livingbridge.com. For more information on Curt, go to www.linkedin.com/in/curt-kahn-611a3b9. For more information on BluWave and this podcast, go to www.bluwave.net/podcasts. This episode delves into the multifaceted career of Curt Kahn and his strategic contributions to Livingbridge, a middle-market private equity fund with a global footprint. Curt's journey highlights the importance of adaptability, the power of leveraging diverse experiences, and the critical role of team dynamics in driving investment success. With a focus on backing ambitious entrepreneurs and ensuring customer satisfaction, Curt shares insights into Livingbridge's approach to value creation, emphasizing the significance of scalability and data science in enhancing portfolio companies' growth. Please subscribe to the Karma School of Business Podcast for more insightful episodes like this. Leave us a review if you find our content valuable and stay tuned for our next episode, where we continue to explore key elements of business success in the realm of private equity.

In this insightful episode of the Karma School of Business Podcast, host Sean Mooney, founder and CEO of BluWave, engages in a fascinating dialogue with Grant Korman, Partner at Align Collaborate. As innovators within the private equity sector, both Sean and Grant share their unique journeys of creating segments that previously didn't exist, offering a deep dive into the challenges and triumphs of entrepreneurial spirit within the industry. Episode Highlights: 2:04 - Grant's Origin Story - From his formative years at Georgetown to an inspiring encounter that led him into the world of private equity, Grant recounts his early experiences and the entrepreneurial ventures that shaped his career. 4:07 - The Leap into Private Equity - Grant shares his unconventional path into private equity, bypassing traditional routes to dive headfirst into the industry right out of college, and the learning curve that accompanied this bold move. 8:11 - Evolving into an Independent Sponsor - The journey from Sterling Partners to becoming an independent sponsor with NCK Capital, exploring the challenges and serendipity involved in raising capital deal by deal. 14:45 - Creating Align Collaborate - The genesis of Align Collaborate, born from a desire to provide a more structured and supportive equity solution for independent sponsors in the lower middle market. 23:16 - The Growth of the Independent Sponsor Market - Grant discusses the factors contributing to the rise of the independent sponsor model and how Align Collaborate positions itself within this evolving landscape. 32:30 - Interplay Between Align Collaborate, Independent Sponsors, and Portfolio Companies - Understanding the dynamics of partnership and support that Align Collaborate offers to independent sponsors and their portfolio companies. 34:13 - Thematic Investment Opportunities - Grant outlines the investment themes and opportunities that Align Collaborate is currently exploring, with a focus on businesses with strong core attributes and potential for growth. 35:18 - Grant's advice to his younger self - make your own luck. For more information on Align Collaborate, go to www.aligncollaborate.com For more information on Grant, go to www.linkedin.com/in/grant-kornman-120305 For more information on BluWave and this podcast, go to www.bluwave.net/podcasts Join us for a riveting discussion that traverses Grant Korman's remarkable journey from a young, ambitious entrepreneur to a key player in shaping the private equity industry. This episode is a must-listen for anyone interested in the intricacies of finance, the transformative impact of private equity, and the stories of industry veterans who've played a crucial role in shaping today's investment landscape. Please subscribe to the Karma School of Business Podcast for more episodes like this, and don't hesitate to leave us a review if you find our content valuable. Stay tuned for our next episode, where we continue to uncover the critical elements of business success in the realm of private equity.