What is PE ops? Is it just trying to optimize firms in a PE firm’s portfolio to lower operating expenses?

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Usually, the larger funds have deal teams and operations teams. In an environment where multiples are high and there are more sponsors-to-sponsors deals, if you want to create value, you need to roll up your sleeves and support the PortCo with improvement measures that are usually supported by external consultants to deliver performance improvement, grow EBITDA and thereby the value of the company. Very rewarding work as you see the value-add of your support directly and are often incentivized by gain-sharing to deliver the maximum possible

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Internal consulting for portfolio companies

Yes, there is a stronger focus on reducing cost than there is growing revenue

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