Private Equity Firms Navigate Tougher Markets; Execs Like Josh Bekenstein and Greg Brenneman

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 17, 2008 -- The Wall Street Journal recently reported that private equity firms are weathering the financial storm better than their investment banking counterparts (http://blogs.wsj.com/deals/2008/09/03/private-equity-compensation-what-credit-crunch/). The WSJ reports that hiring has been strong and total executive compensation has risen 27% since 2006.

That’s good news for top private equity executives – a Google search on the big names in private equity brings up articles like “Private Firms Lure Chief Executives With Top Pay” (http://www.nytimes.com/2007/01/08/business/08private.html) from the New York Times. Of course, this is not to say that private equity executives have gotten through broader economic problems unscathed. That same article discusses the ousting of Home Depot’s former chief executive Robert L. Nardelli (http://www.msnbc.msn.com/id/16469224/) over his salary, which company’s shareholders considered exorbitant.

Despite economic woes (http://peaoutlook.dowjones.com/), private equity executives are candid in their appraisal of the industry’s future. Nonetheless, the outlook remains mixed. Depending on the firm, the coming year will either lead to great fortunes or further belt-tightening.

Private equity execs like CCMP’s Greg Brenneman (http://online.wsj.com/article/SB121919300395955197.html?mod=googlenews_wsj) and Bain Capital’s Josh Bekenstein (http://www.linkedin.com/_____), look to help steer their companies towards greater profitability. Bain Capital, where co-founder Josh Bekenstein (http://www.baincapitalprivateequity.com/team/index.asp?viewType=ByRegion&d_Bio_ID=67) works as a Managing Director, is part of the team responsible for making big-name deals with Bright Horizons Family Solutions, Domino's Pizza, Sealy, Burger King, Bombardier, Toys R Us, and dozens of other companies (http://en.wikipedia.org/wiki/Bain_Capital#Recent_Notable_Investments). Experienced executives like Josh Bekenstein will help their firms navigate the credit crunch and global economic slowdown. With more than 20 years at Bain Capital under his belt, Josh Bekenstein has seen his fair share of industry fluctuations. Josh Bekenstein also embodies the philanthropic commitment, devoting time and support to causes like Horizons for Homeless Children (http://www.horizonsforhomelesschildren.org/) and City Year (http://www.free-press-release.com/news/200808/1218653821.html). CCMP’s Brenneman, who steered Quiznos through difficult times, is known for being a strong team leader and motivator.

Although a tough road may lie ahead due to fallout from the credit crunch (http://dealbook.blogs.nytimes.com/2008/09/03/private-equity-tumbles-in-new-establishment/), the resilience and skill of executives like Greg Brenneman and Josh Bekenstein can help them succeed regardless of economic conditions.

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