Convert your opportunities when they come along – a good piece of advice in today's private equity market, and a skill that can also transfer well to the soccer pitch. At least, that's what a team representing law firm Cleary Gottlieb Steen & Hamilton managed to do when they won a recent tournament organised by Private Equity Foundation (PEF), the London-based venture philanthropy fund.
The team, known as CGSH United, saw off FC Bridgepoint – flying the flag for mid-market investor Bridgepoint – in a closely fought final at the David Beckham Academy in London. In all, 20 teams drawn from the private equity world – as well as one from PEF portfolio company Vital Regeneration – competed in the tournament, which raised £32,000 (€37,000; $51,000) to help disadvantaged children and young people.
In the Plate competition (where teams eliminated in the first round compete for a secondary title), BVCA FC (of the British Private Equity and Venture Capital Association) beat a team from private equity firm TowerBrook Capital Partners 2-1.