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Hello Everyone,
I am conducting independent survey on software developers working across the globe, specifically in Europe. We designed a survey to gauge the perspective of software developers on secondment option. I wanted to reach out to invite you to participate in survey for assessing your opinion on secondment option. Thanks in advance for your thoughtful output.
https://www.surveymonkey.com/r/QBV3389
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for MM PE firms expect mostly high-touch hand holding for value creation programs. dependent upon capability level of the portco's and your firms value creation approach.
generally for our firm we anticipate (1) at least 8 nights/mth for steady-state portco's and board meetings, (2) at least 4 nights/week for the first 10-12 weeks for ramp up newly closed portco's to kick-off the value creation programs, (3) beyond the 8/mth there will be additional for pre-deal pitching & diagnostic support for aligning on VCP prior to deal closure.
quite frankly I personally believe 2-4 nights/mth is unreasonable. anyone who's run implementation or change management knows this is going to be v rare and challenging to be effective. how do you expect to build trust and influence cross the board, across bottom frontline and top management teams by being a stranger who dips in & out each month. I'd expect that for Deal team leaders who dip in for the monthly Exco or quarterly board meetings, but not for PE ops - let's be real.
Great points. Appreciate the perspective as I try to understand these roles more from the outside in
2-4 nights a month sounds reasonable, and very light for consulting.
Agree with MD1, middle market—esp if heavy in services or distribution/supply businesses—requires lots of hands on ops exposure. Any successful MM PE shop will know that. I’ve personally spent weeks on the road going in between 2 portcos before as well. Saying 2-4 nights per month seem either disingenuous or just not doing the job to the level of whats needed
Oh gotcha I misread as if a MM fund was telling you 2-4 for expectations
I’m anywhere from 50-75% of the time on the road. If we acquire a new platform, I expect to be there weekly for 6 months or so