68% of private equity portfolio company CEO's experience turnover, driven by the PE firm, whether that is voluntarily or involuntarily. That's quite the astonishing figure. Naturally, for those of you that may be enamored by partnering (or working with one) with a private equity firm often at a mid to senior strategic role....the rewards can be tremendous, but the risks equally great. Naturally, with an equity provider (aka private equity), while they will likely be open to your feedback and active involvement, (depending on the firm, the flexibility varies), if things start to go off the rails, headcount will be replaced, to ensure the investment is optimized.
When the CEO goes....when the CFO goes...or when another C level executive goes....that can create a tidal of change. Think critically about the pros and cons...