LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
Ranked A Prominent Private Equity Recruiting Firms
ON Partners is named on Hunt Scanlon’s annual roundup of the 100 most prominent executive search firms serving the private equity sector
ON Partners, the experience-driven retained executive search firm, is proud to be named to the Private Equity Recruiting Power 100 list announced in 2021 by market research firm Hunt Scanlon. The list encompasses the nation’s leading executive search firms driving leadership results in the private equity sector.
Last month, the firm announced a three year average growth rate of 89% compared to the previous three year period, and for the eighth time, ON Partners was named to Inc. Magazine’s annual Inc. 5000 list of America’s fastest growing companies. In addition, ON’s community of clients and placed executives awarded the firm an experience rating of 4.74 out of 5 stars, measured monthly via online survey.
In the first half of 2021, ON’s experienced consultants placed a diverse group of C-level executives and board members at a wide range of sectors and organizations, including ADT, Crocs, Lululemon, Marlin Equity Partners, ParkMobile, Sonos and Zwift. The firm showed strong growth across all areas, with especially strong demand for senior executive talent in the supply chain, private equity and consumer sectors.
In addition to the Inc. 5000 listing, ON Partners was also again named by Forbes Magazine as one of America’s Best Executive Recruiting Firms and was ranked in Executive Search Review’s list of Top 40 Cyber Technology Search Firms. The firm was also named to Hunt Scanlon’s first annual roundup of the top 25 most prominent executive search firms serving the cleantech and environmental, social and governance (ESG) sectors.
As part of their work with private equity, consultants with the top-20 retained executive search firm ON Partners interviewed established operating partners and added additional insights on the state, impact, and future trends of the Operating Partner (OP) role.
While the OP role is typically a step before retirement given the level of experience needed, operating partners are telling consultants at ON Partners they’re working harder now than ever before, balancing the role of coach with being deep in the weeds of three or four companies in a hyper-competitive environment.
According to San Francisco-based partner Jeff Hocking, who has helped appoint several OPs over the last few years, “In the past, financial skills and CEO leadership and advisory experience were sought after primarily from PE firms when prioritizing their recruiting efforts. These skills are still in demand, but many PE firms are increasingly hiring specialists such as sales leaders, sales ops leaders and chief technology officers to 1) further differentiate themselves and 2) many PE firms are focusing even more on the operational aspects of running their portfolio companies.”
According to ON’s Tindall Sewell, who builds executive leadership teams at growth equity, private equity, and Fortune 500 companies and recently published insights on the OP role, “It’s not just about your network of CEOs who can step into the OP role, it’s asking, ‘What’s your network as you’re tapping into new industries? Things are moving so fast with PE firms acquiring companies, it’s critical to have people lined up who are highly qualified and can immediately jump in.”
Learn more about our private equity-based executive search services here.
Find our related successful placements of leading executives here.
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
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