Imagine First Round’s surprise when BC Partners scheduled a call to discuss fundraising. Usually there isn’t a snowflake’s chance in hell that a GP would want to talk about marketing with a private equity hack: such activity is usually thwarted by cautious lawyers.
First Round was all ears.
As it turned out, it wasn’t the sort of fundraising PEI normally covers: it was an altogether more important one.
The Impetus-PEF Triathlon will take place on 17 September at the Olympic venue at Dorney Lake, Buckinghamshire. The athletic elite (and average Joes) of the private equity industry will swim, cycle and run races of various lengths while raising money for charity.
Perhaps you should too? Training for the triathlon would be a fine antidote to long, desk-based days spent poring over spreadsheets.
Nikos Stathopoulos, BC Partners managing partner and an Impetus-PEF trustee – who aims to complete the course for the third time this year and describes his fitness regime as “too little, too late” – assures First Round that you don’t need to be a super-triathlete to participate.
But, for those with a competitive streak (who in the industry could that be?), racing on the day is also an opportunity to best last year’s winners from among Aztec Group, CVC Capital Partners, Summit Partners, Alvarez & Marsal, and Simpson Thacher & Bartlett.
The 400 or so athletes who supported the event last year as individuals and in relay teams raised £190,000 for charities supported by Impetus-PEF that help young people succeed in education and secure employment. More are expected to sign up for 2016.
Now in its third year, the family-friendly Impetus-PEF Triathlon has become a date in the industry diary (and fantastic for a spot of networking). If you want to get involved visit impetus-pef.org.uk.
So since First Round had him on the phone, could Nikos offer an update on fundraising for BC Partners €7 billion? No comment. Well First Round is sure it must be going swimmingly… or runningly… or cycling along…