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How EY can help
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Value creation is at the core of every transaction investment thesis. Our business is organized, resourced and led to help private equity firms transform companies and increase their ability to create more value across their portfolio.
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Private equity firms have experienced accelerated growth over the past 10 years, with assets under management (AUM) increasing from US$2 trillion in 2013 to US$4.4 trillion in 2022.1 This rapid growth has presented numerous hurdles for private equity firms, which have had to contend with proposals for greater regulatory oversight, increased competition for investment dollars and the escalating need to scale back-office functions and technology to support continued asset growth.
Managing the private equity business has also become a more mature process. Continued controls and rigor are being directed at running the management company, and CFOs and COOs are adding talent to provide firm owners with reliable data to help make informed decisions.
When asked to rank strategic priorities, aside from asset growth, CFOs continue to place talent management at the top of the list right behind private equity fundraising, which has remained a priority for firms across all levels of AUM. To support this ongoing growth, firms have consistently said that managing talent has increased in importance. Whether it’s hiring to scale with the growth, retaining top talent or implementing diversity, equity and inclusion (DEI) programs, firms are constantly focused on talent management as a way to remain competitive amid emerging private equity trends.