KARMA SCHOOL OF BUSINESS PODCAST
The Business Builders’ Podcast
Private Equity Spotlight: A New Chapter – Eric Hansen’s Transition to Blue Sea Capital
In this engaging episode of the Karma School of Business Podcast, Sean Mooney, founder and CEO of BluWave, sits down with Eric Hansen, a partner at Blue Sea Capital and a significant figure in the development of the middle market within the private equity industry. This conversation offers an in-depth look at Eric's unconventional journey from the private debt sector to his influential role in private equity, along with the insights and experiences that have shaped his career.
01:34 - Eric's Unique Path into Finance - Eric shares the story of his early life in Peoria, Illinois, his initial career aspirations, and the series of roles that led him to establish Antares Capital and later join Blue Sea Capital.
06:29 - Founding of Antares Capital - Eric recounts the creation of Antares Capital, its pioneering approach to private credit, and the strategic vision that drove its success.
09:23 - Innovations in Private Credit - Discussion on the innovative financing solutions introduced by Antares, including sponsor-focused lending and the development of the Unitranche loan structure.
15:41 - Transition to Blue Sea Capital - Eric talks about his decision to retire, the interim consulting period, and what ultimately led him to accept a partner role at Blue Sea Capital, focusing on industrial growth.
25:05 - Value Creation at Blue Sea Capital - Learn about Blue Sea Capital's approach to driving growth in portfolio companies, including the development of an executive network and leveraging strategic acquisitions.
31:06 - Eric's Personal Reading Recommendations - Eric shares his personal reading preferences, emphasizing the importance of leisure reading alongside professional studies to stimulate different parts of the brain.
For more information about Blue Sea Capital, go to www.blueseacapital.com.
For more information about Eric Hansen, go to www.linkedin.com/in/eric-hansen510.
For more information about BluWave and this podcast, go to www.bluwave.net/podcasts.
This episode is a treasure trove of insights for anyone interested in the dynamics of finance, the transformative impact of private equity, and the career trajectories of industry veterans who have significantly influenced today's investment landscape.
Please subscribe to the Karma School of Business Podcast for more episodes like this, and leave us a review if you find our content valuable. Stay tuned for our next episode, where we continue to uncover the critical elements of business success in the realm of private equity.
Private Equity Innovator of the Year: Kevin McAllister, Access Holdings
Dive into the transformative world of private equity in this insightful episode of the Karma School of Business Podcast, featuring Kevin McAllister, the visionary Founder and Managing Partner at Access Holdings. Honored as BluWave's 2024 Private Equity Innovator of the Year, Kevin discusses the innovative strategies that propel Access Holdings to industry leadership.
01:22 - Exploring the Access Acceleration Center - Kevin provides a glimpse into their high-tech private equity office, where technology and data analytics drive value creation.
10:28 - Evolution from Fundless Sponsor to Market Leader - Learn about the growth trajectory of Access Holdings and the strategic vision that guided their rise to prominence.
20:38 - Commitment to Corporate Citizenship - Kevin delves into how Access Holdings embeds social responsibility into their ethos, aligning business success with community impact.
30:01 - Fueling Growth and Employment - A conversation on the targeted growth strategies Access Holdings employs to support their portfolio companies and stimulate job creation.
37:53 - The Culture of Learning and Innovation - Kevin speaks on the importance of nurturing a learning environment that encourages innovation and keeps the firm agile in a competitive landscape.
To learn more about Access Holdings, go to www.accessholdings.com
To learn more about BluWave's 2024 Top Private Equity Innovator Awards, and Access Holdings as our Innovator of the Year, go to www.bluwave.net/awards
To learn more about Kevin McAllister, go to https://www.linkedin.com/in/kevin-mcallister-5979347
To learn more about BluWave and this podcast, go to www.bluwave.net/podcast
Key Insights & Takeaways:
In this episode, Kevin McAllister shares a wealth of knowledge on how Access Holdings' commitment to research, technology, and data analytics has redefined their approach to private equity. Listeners will learn about the importance of selecting markets with persistent tailwinds and the strategic deployment of resources to build competitive advantages within portfolio companies. Kevin also emphasizes the significance of corporate social responsibility, not just as a mandate, but as a core component of building a sustainable and successful business. By focusing on job creation and supporting Main Street America, Access Holdings exemplifies how private equity can be a force for positive economic change. Furthermore, Kevin's insights into fostering a culture of continuous learning underscore the firm's ability to remain at the cutting edge of private equity innovation.
Private Equity Spotlight: Overcoming Adversity with Andrew Joy of Hidden Harbor
The private equity landscape is teeming with stories of transformation and success, but few are as gripping and inspiring as that of Andrew Joy, Partner at Hidden Harbor Capital Partners. In this episode of the Karma School of Business Podcast, host Sean Mooney engages in an in-depth conversation with Andrew, whose life story is a profound testament to resilience, tenacity, and the indomitable human spirit.
Andrew shares his remarkable journey from a tumultuous childhood marked by family criminality and personal tragedy, including a life-threatening injury, to his academic triumphs and eventual ascent in the world of private equity. His narrative is not just a personal chronicle but an illustration of the power of perseverance and the importance of focusing on controllable factors in life.
Throughout the episode, Sean and Andrew explore the philosophies that have shaped Hidden Harbor Capital Partners' approach to investment. They delve into the firm's emphasis on operational excellence and the critical role of employee satisfaction and engagement in driving a company's success. Andrew's insights into the value of incremental progress, the significance of aligning with the right team, and the essence of strategic execution provide invaluable lessons for business leaders and private equity professionals alike.
Listeners will also gain perspective on how Hidden Harbor Capital Partners navigates the current economic climate, emphasizing cash discipline and the challenges of the evolving labor market. Andrew's candid reflections on the fallacies of "get rich quick" narratives and the irreplaceable value of hard work are a refreshing counterpoint to the often glamorized world of business and investing.
Join us for this compelling episode that not only charts Andrew Joy's unique path to private equity but also offers practical wisdom on building and nurturing successful businesses in a complex and ever-changing market.
2:27 - Andrew's background including a pivotal, life-altering incident
7:30 - Education as a turning point
17:15 - Focusing on what one can control in life and business
24:09 - Hidden Harbor's strategy for identifying and creating value in portfolio companies
34:28 - The discussion on how employee satisfaction metrics inform investment decisions
42:42 - The ultimate life hack
For more info on Hidden Harbor Capital Partners, go to www.hh-cp.com
For more info on BluWave and this podcast, go to www.bluwave.net/podcast
Private Equity Predictions: Tackling 2024’s Opportunities and Challenges
Dive into the future of private equity with host Sean Mooney on the Karma School of Business Podcast, as he analyzes the industry's trajectory, reflecting on 2023 and forecasting the trends of 2024. This episode is a must-listen for professionals eager to grasp the transformative events of the past year and the strategic moves shaping the next growth cycle. Sean combines BluWave's proprietary data with macroeconomic indicators to suggest we are on the cusp of a new era of expansion, potentially lasting six to eight years.
The discussion revisits the accuracy of previous predictions, including the resilience of the economy, the VC bubble's burst, and the shift back to in-person work. Sean then lays out his predictions for 2024, forecasting an uptick in M&A activity and strategic selling by private equity firms. He also identifies the rise of data scientists as key players in the industry, essential for harnessing large data sets and driving informed investment decisions.
To cap off the episode, Sean examines potential wildcards that could sway the economic landscape, from geopolitical tensions to oil price volatility and shifts in consumer behavior. These insights are invaluable for private equity professionals looking to chart a successful course through the market's complexities and capitalize on emerging opportunities.
1:42 - Identifying the bottom of the cycle and predicting growth
3:10 - 2023 in review: Value creation and tech advancements
8:00 - Reviewing our 2023 predictions and their outcomes
15:17 - Strategic moves in private equity for 2024
21:28 - Potential disruptors to the 2024 economic outlook
To request your copy of the Q4 2023 Private Equity Insights Report, go to www.bluwave.net/insights-report
What I Wish I Knew: Private Equity Leaders’ Advice to Their Younger Selves
In this reflective episode of the Karma School of Business Podcast, we gather pearls of wisdom from seasoned private equity veterans and business builders as they share the advice they would give their 22-year-old selves. With insights that span from embracing resilience to the power of authenticity, this episode is a guidebook for both personal and professional growth.
Join host Sean Mooney and the BluWave team as they delve into these transformative lessons that transcend time, providing guidance for the next generation of business leaders and anyone eager to refine their path to success.
1:49 - Andy Greenberg, GVC: "Just Say Yes"
4:43 - Ed Hine, Line 5 Capital: Get Comfortable Being Uncomfortable
7:45 - Matt Cole, SBJ Capital: Embrace the Journey
10:07 - Scott Phillips, Orix Capital Partners: Resilience in Tough Times
13:01 - Cici Zheng: Everything Will Be Okay
16:33 - John Huhn, Compass Group Equity Partners: Persistence Pays Off
19:20 - Brian Adams, Excelsior Capital: Own Assets Early
22:19 - Mohit Kansal, Clairvest: Skill Development Focus
23:35 - Marshall Phelps, MidOcean Partners: Invest in Relationships
26:09 - Devin Mathews, ParkerGale Capital: Be Authentically You
For more information on BluWave and each of these episodes, go to www.bluwave.net/podcast.
Business Builders’ Bookshelf: Essential Reads for Strategic Success
In this special episode of the Karma School of Business Podcast, we bring you a curated list of impactful book recommendations from our esteemed private equity industry guests, offering a wealth of knowledge to enhance your strategic thinking and personal growth.
1:34 – Author Nick Shaw's poignant and insightful "My Teacher, My Son," is a book that promises to transform your perspective on life and leadership
My Teacher, My Son: https://www.amazon.com/My-Teacher-Son-Lessons-Life/dp/B0CH7F5MGW
5:06 - Dive into the intricacies of technological advancements with Managing Partner Scott Estill's picks, "Chip Wars" by Chris Miller and "AI 2041" by Kai-Fu Lee and Chen Qiufan
Chip Wars: https://www.amazon.com/Chip-War-Dominate-Critical-Technology/dp/B09TX24J5Y/
AI 2041: https://www.amazon.com/AI-2041-Ten-Visions-Future/dp/B08SFL53HL/
9:50 - Gain historical business insights from private equity operating partner Joe DeLuca’s favorite, “The Making of the Atomic Bomb” by Richard Rhodes.
The Making of the Atomic Bomb: https://www.amazon.com/Making-Atomic-Bomb-Richard-Rhodes/dp/1451677618
13:00 – Entrepreneur and attorney Scott Becker emphasizes the significance of team building with “Good to Great” by Jim Collins and the importance of health and longevity with “Outlive” by Peter Attia.
Good to Great: https://www.amazon.com/Good-to-Great-Jim-Collins-audiobook/dp/B003VXI5MS/
16:25 – Private equity partner John Kirk reminds us of the power of collective success over individual correctness through “Us” by
19:48 – PE operating partner Brit Yonge explores the sovereignty of choice in Viktor Frankl’s “Man’s Search for Meaning.”
Man’s Search for Meaning: https://www.amazon.com/Mans-Search-for-Meaning-audiobook/dp/B0006IU470/
23:35 – Private equity managing director Doug Horn provides a glimpse into the future of industry and geopolitics with “The End of the World is Just the Beginning” by Peter Zeihan and celebrates American entrepreneurial spirit in “Americana” by Bhu Srinivasan
The End of the World is Just the Beginning: https://www.amazon.com/End-World-Just-Beginning-Globalization/dp/B09CS8FRRD/
26:41 – PE managing director Mohit Kansal underscores the value of data over narrative with “Moneyball” by Michael Lewis.
28:23 – Private equity managing director Marshall Phelps draws leadership lessons from "Washington" by Ron Chernow and delves into the intrigue of "Conspiracy" by Ryan Holiday
32:35 – Private equity managing partner Doug McCormick offers a refreshing perspective on global progress with "Factfulness" by Hans Rosling.
Join us as we explore these diverse and thought-provoking works that have shaped the minds of business leaders and will undoubtedly influence your approach to business and life.
Nick Shaw, Mirrorbox Leadership Lab | ‘My Teacher, My Son: Lessons on Life, Loss, and Love’
In this deeply moving episode of the Karma School of Business podcast, hosted by BluWave's Founder and CEO, Sean Mooney, we sit down with Nick Shaw, co-founder of Mirrorbox Leadership Lab and author of My Teacher, My Son. Nick shares his personal journey through an unimaginable tragedy that led him to profound revelations about life, empathy, and the power of choice. This episode offers a unique perspective on how to navigate life's toughest challenges and transform them into opportunities for growth and enlightenment.
2:31 - Nick's background and path to becoming an executive coach
6:24 - Introducing Nick's book: 'My Teacher, My Son' and the story of William
13:44 - Stepping off of the hamster wheel of life
21:01 - The power of empathy & keeping it simple
31:48 - Taking steps forward: what Nick's doing now
-To purchase Nick's book, 'My Teacher, My Son," go to https://bit.ly/4aiggoo
-For more information about Nick as an author, go to www.meetnickshaw.com
-For more information about Nick and Mirrorbox Leadership Lab, go to www.mirrorboxleadershiplab.com
-For more information about William's Be Yourself Challenge, go to www.williamsbeyourselfchallenge.org
-For more information on BluWave and this podcast, go to www.bluwave.net/podcast
Decoding Q3 Insights: Harnessing People Power and Growth Opportunities in an Improving Market
In this insightful podcast episode, we delve into the key revelations from the Q3, 2023 Insights Report, showcasing the state of the private equity industry amidst fluctuating market fundamentals. We discuss intriguing observations in the industry's investment patterns; drawing attention to a significant rise in confidence, a notable shift towards growth, and an emphasis on human capital. Tune in to discover the significance of these trends, the raw data supporting these findings, and what this could mean for the future of private equity.
1:26 - Private Equity is not scared
4:45 - Fundamentals are improving
9:25 - PE is investing in growth in their companies
10:51 - Human capital activity is surging in PE
14:28 - It's time to hit the gas, with caution - what to keep an eye on
18:03 - A bold prediction
For more information on BluWave and this podcast, go to www.bluwave.net/podcast
AI Roundtable: Tangible Takeaways to Help Leverage Artificial Intelligence
In this special episode, we have exclusive audio from our recent webinar: Activating AI: Empowering Your Business for Success. The panel of experts from this webinar includes:
Alex Castrounis, Founder and CEO, Why of AI
Nik Kapauan, Principal, Access Holdings
Ken McLaren, Partner, AI, Frazier Healthcare Partners
Keith Thomas, National Practice Lead, Security Operations, AT&T
The panel, moderated by Karma School of Business host, Sean Mooney, includes the following topics:
4:40 - What pre-cursor activities to perform before diving in to AI
10:20 - Things that companies should keep in mind to remain secure
13:50 - Expert opinions on best in class tools
27:23 - Most addressable use cases for everyday companies
34:07 - Considerations that companies should take when implementing tools off the shelf
39:03 - Things that may take shape in the near future
46:55 - Answering FAQs
To view the on-demand webinar, go to www.bluwave.net/demystifying-ai-webinar-registration/.
For more information on this podcast, go to www.bluwave.net/podcast.
David Hellier, Bertram Capital | Harnessing Data to Innovate, Differentiate and Evolve
We're joined by David Hellier, a partner at Bertram Capital, to discuss:
1:31 - His background and what brought him to private equity
5:40 - How private equity is evolving
9:18 - David's story about throwing out the first pitch
11:09 - Overcoming adversity and being differentiated
16:23 - Running private equity like a business
22:37 - How data and AI will impact productivity
27:50 - Finding opportunity admidst uncertainty
34:08 - David's life hack
For more information on Bertram Capital, go to their website: bertramcapital.com
For more information about this podcast, go to bluwave.net/podcast
Hernan Saenz, Bain & Company | A Glance into the Future of the Planet, the Power of Circular Transformation and the Role Private Equity Can Play
The Karma School of Business is joined by Bain and Company Global Head of Performance and Improvement, Harnan Saenz to take a deep dive on the future of the economy as it relates to sustainability, viewed through the lens of private equity. The conversation topics include:
2:30 "Remanufacturing" and forces applying pressure to traditional operations
5:21 What is the circular economy?
13:13 The current policies set up by the government related to the circular economy
16:03 Barriers to a circular economy
25:21 How can tech be leveraged to support the circular economy?
27:13 Measuring progress toward circularity
29:25 The role of private equity in promoting circularity
30:28 Incorporating circular principles into investment strategies
33:01 Investment opportunities and most promising sectors
35:46 Challenges a PE firm might face when investing in a circular economy
37:13 How can firms work with portcos to improve sustainability?
39:39 How PE can collaborate with governments and other stakeholders to promote the circular economy
HR, Tech Take Center Stage in Q1: Private Equity Industry Update
We share top private equity insights from our Q1 2023 Insights Report where we evaluate proprietary data from over 500 leading private equity firms across thousands of projects. We compare year over year activity from the BluWave Activity Index to share how private equity is reacting to the current economic state. Join BluWave Founder and CEO, Sean Mooney, as he discusses:
1:07 - Comparing the economy in 2023 to 2008
2:52 - The breakdown between due diligence and value creation
6:25 - How private equity is being strategic in diligence during the unsteady economic environment
8:35 - What is fueling the increase in value creation activity
11:58 - The top three functional areas in the BluWave Activity Index
16:06 - How to get additional insights and trends
Click here to get the report: http://bit.ly/3obXJXu