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Basically a consultant for portfolio companies - they operate as executives alongside deal teams
Typically, they are engrained in implementing/tracking the operational initiatives for portfolio companies for private equity firms (think supply chain, business development, strategy, finance). Generally they interact more at the executive level and may have additional firm or company resources allocated to help with the initiatives.
Typically join or lead the board of the portco, responsible for driving EBITDA growth, governance, and CEO advisory
What are paths to become Operating Partner? Begging as associate in PE Ops role, rise / gain enough experience and then end up being one?