Hadley Mullin was already an anomaly as a female investor at TSG Consumer Partners, the private equity firm she joined in 2004. Six months later, she found out she was pregnant.
Balancing motherhood with the demands of private equity was not the usual track in an industry overwhelmingly dominated by men. But even after Ms. Mullin nervously told the TSG partners her news, they did something unexpected: They promoted her. And kept promoting her, three children later.And the results:
In its most recent fund, TSG reported a net return of 50 percent, more than double the industry average. The firm takes a distinct approach compared with traditional buyout shops, adding less leverage and investing in the business from the outset of their acquisition, rather than slashing expenses from every angle.Read more in Dealbook.
Thanks, +Pamela Coravos
