Private Equity Podcast: Karma School of Business

In this insightful episode of the "Karma School of Business Podcast," host Sean Mooney sits down with John Stewart, the visionary founder and managing partner of MiddleGround Capital. With a background that breaks the conventional mold of private equity leadership, John shares his journey from a college dropout working the night shift at Toyota to spearheading a private equity firm that's redefining industry standards. This conversation delves into John's unique approach to private equity, emphasizing operational excellence and entrepreneurial spirit as key drivers of success. Episode Highlights: 1:24 - John Stewart's Unique Path to Private Equity: John recounts his unconventional entry into the private equity world, highlighting his early career at Toyota and the transition from an operational role to founding MiddleGround Capital. 4:22 - From Operational Expertise to Private Equity Innovation: John discusses how his hands-on experience in manufacturing and lean principles shaped his vision for MiddleGround Capital, focusing on operational improvements and strategic growth. 6:52 - Embracing Lean Principles in Private Equity: John shares insights into applying lean manufacturing concepts to private equity investment strategies, underscoring the importance of continuous improvement and efficiency. 9:12 - MiddleGround Capital's Approach to Value Creation: John elaborates on how MiddleGround Capital leverages its deep industry knowledge and operational expertise to drive value creation in portfolio companies, setting the firm apart as a leader in the private equity space. 16:40 - Navigating Challenges and Risks: John reflects on the personal and professional challenges faced during the entrepreneurial journey of building MiddleGround Capital, emphasizing resilience and the pursuit of excellence. 23:44 - Advice for Aspiring Entrepreneurs: Drawing from his own experiences, John offers advice to budding entrepreneurs and private equity professionals on overcoming obstacles and staying focused on long-term goals. 29:04 - Innovative Tools for Efficiency and Organization: John recommends "Building a Second Brain" by Tiago Forte, a book that has significantly influenced his approach to managing information and enhancing productivity both personally and professionally. For more information on MiddleGround Capital, go to https://middleground.com/ For more information on John Stewart, go to https://www.linkedin.com/in/johnstewartky To purchase John's book, go to https://www.amazon.com/Toyota-Kaizen-Continuum-Practical-Implementing/dp/1439846049 For more information on BluWave and this podcast, go to https://www.bluwave.net/podcasts/ This episode not only provides a glimpse into John Stewart's remarkable journey and the foundations of MiddleGround Capital but also offers valuable lessons on leadership, innovation, and the transformative power of operational focus in the private equity industry. Whether you're an investor, entrepreneur, or someone passionate about business growth and efficiency, John's story and insights are sure to inspire and inform.

In this compelling episode of the "Karma School of Business Podcast," host Sean Mooney engages with Joe McIlhattan and Ami Mehta, integral members of Periscope Equity, a firm celebrated for its innovative approach within the private equity landscape. This conversation dives into the harmonious collaboration between the deal and operations sides of private equity, showcasing how Periscope Equity exemplifies the power of teamwork in driving transformative success. Episode Highlights: 2:17 - Joe McIlhattan's Journey to Private Equity: Joe shares his transition from consulting to private equity, highlighting the pivotal role mentorship and hands-on experience played in shaping his career. 3:01 - Ami Mehta's Path to Operational Excellence: Ami recounts her evolution from auditing to embracing the operational side of private equity, emphasizing the importance of exposure and passion in finding one's niche within the industry. 5:49 - The Evolution from Investor to Value Creation: Ami discusses her shift from deal-making to focusing on the growth phase of investments, underscoring the critical role of operations in private equity success. 9:08 - Identifying Potential in Companies: Joe and Ami outline the traits they look for in potential investments, including strong value propositions, durable customer relationships, and the capacity for technological transformation. 23:29 - Managing the Symphony of PE Operations: Explore how Periscope Equity orchestrates the complex interplay between deal and ops teams to ensure seamless execution and maximized value creation across their portfolio. 33:51 - Fusing SaaS and Service: Joe and Ami discuss the nuanced approach to investing in tech-enabled service companies, balancing the human element with technological innovation to foster growth and differentiation. 41:04 - Cultivating Culture for Success: Insights into how Periscope Equity prioritizes culture both within its firm and portfolio companies, leveraging shared values to drive collective achievement. 48:52 - Wisdom for Aspiring PE Professionals: Joe and Ami share personal advice for those looking to make their mark in private equity, emphasizing the importance of patience, skill acquisition, and maintaining a growth mindset. For more information on Periscope Equity, go to https://periscopeequity.com/ For more information on Ami Mehta, go to https://www.linkedin.com/in/ami-mehta/ For more information on Joe McIlhattan, go to https://www.linkedin.com/in/joe-mcilhattan-737b5820/ For more information on BluWave and this podcast, go to https://www.bluwave.net/podcasts/ This episode not only provides a behind-the-scenes look at the strategic operations of Periscope Equity but also offers valuable lessons on leadership, innovation, and the transformative impact of operational focus in the private equity industry. Whether you're an investor, entrepreneur, or someone passionate about business growth and efficiency, Joe and Ami's story and insights are sure to inspire and inform.

Doug Horn, Managing Director at Clairvest, discusses private equity strategies, focusing on their niche in minority investments. Topics include investment criteria, industry expertise, and strategic value creation through partnerships. Insights on narrowing investment focus, developing industry knowledge, and building strong relationships for success in specialized sectors are highlighted.

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.