Welcome to the second instalment of The Steve Darrington series. If you haven't listened to the first, don't worry, you don't need to, but I recommend checking it out at some point. 

In this episode, Steve looks back over his 20-plus year career in private equity; he talks about how the industry was back when he started out and how it's changed up into this point.

In particular, Steve highlights the changing dynamics between private equity firms and portfolio companies. He also talks about how service provision has evolved over the past two decades; from very few options to outsource to today's impressive levels of service provision.  

I hope you enjoy this episode and stay tuned for the following instalments. Here we go.

Alice x

In this first instalment of the Steve Darrington series, we discuss his departure from Phoenix, the process of succession including internal negotiations and communication with LPs, and how it has all affected him personally.