Welcome back to the Thelander Digest! For those of you that are new or want to revisit our previous issues, you can find CVC here, traditional investment firm (such as VC) here and private company here. If you are interested in subscribing to one or all of our Digests, you can sign up here. In this month’s edition, we’ll be exploring different hiring trends at CVC units. We’ll take a look at where new hires come from including how many are internal from the parent company. Let’s dig into our data.
Chart 1 examines where new hires at CVC firms came from. We see the following insights:
- Other CVCs are the most popular source of new hires.
- Organizations including undergraduate university, graduate school, and consulting firms have all grown in popularity since 2022.
- VC firms, PE firms, investment banks, private companies, and public companies have all decreased in popularity since 2022.
Chart 2 looks at which CVC roles were filled with people from the parent corporation versus outside the parent corporation. We see the following insights:
- A decreasing share of CVC positions are getting filled by people from the parent corporation.
Chart 3 examines how this changes when looking at a specific job title. We first examine year-over-year for a CVC unit leader. We see the following insights:
- More than half come from the parent company for CVC unit leaders. Although, this has decreased from 2022 with more CVC units looking to hire from outside the parent corporation.
Chart 4 looks specifically at year-over-year for senior investment professionals. We see the following insights:
- The percentage of senior investment professionals coming from the parent company has remained steady, after increasing from 2022 to 2023.
- The percentage remains lower than for unit leaders and the overall percentage, with 70% of senior investment professionals coming from outside the parent company.
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