The Tenfold Monthly

September 2024

Author

Yinka Branco-Rhodes
September 03, 2024 • Reading Time: 8 minutes

Hello,

Welcome to the September edition of our newsletter! We hope you and your loved ones had a restful Labor Day.

As Fed Chair Powell has signaled a potential rate cut this September, exciting developments are underway. While not a drastic reduction, this anticipated move could pave the way for cheaper debt, enhanced fundraising conditions, improved valuations, and potentially more exits. Though these changes might take time to fully realize, they are expected to generate increased job opportunities for actively and passively searching professionals.

In other news, substantial funds have been raised in the energy sector, and with NFL owners voting yes to private equity, one of the world’s most lucrative sports leagues is now opening its doors to select firms.

As we approach the busy recruitment season leading up to Thanksgiving, remember that activity tends to slow down significantly by November. Firms often delay hiring to coincide with new budget allocations and bonus distributions. If you aim to secure a position early in 2025, now is the time to intensify your search efforts.

We've been very busy—be sure to explore our open positions listed below and consider how these developments might influence your career trajectory.

Open Roles & Opportunities

Are you looking to explore new career opportunities, or do you know someone who is? We are currently connecting with talent in various sectors. Reach out to discover more about these exciting opportunities.

Principal/Director in Renewable Energy

Join a PE fund poised to shape the future with significant capital for energy infrastructure.

SVP of Corporate Development, Real Assets (Remote or in NYC, Dallas, or Los Angeles)

Join a leading investment platform for a premier private equity firm focusing on energy and infrastructure assets.

Private Equity Associate Energy Services (Southern Region)

Our client is committed to long-term value in energy and infrastructure, is well-capitalized, and is strategically expanding across related industries. Currently fundraising. Not to mention two recent hires from Tenfold.

SVP Renewable Energy Origination (Remote or NYC)

Private Equity Associate, Energy & Infrastructure (Houston, TX)

Join a prominent energy investment firm in Houston searching for an associate to join its energy transition investment team.

Infrastructure Private Equity Associate & Vice President (New York)

This client is actively expanding in energy transition infrastructure and recently closed a fund with billions in capital commitments.

The Tenfold Talent Rewards Program

Unlock the potential to earn exceptional rewards with our referral program. If you know professionals seeking new opportunities or companies needing to hire top talent, our Tenfold Talent Rewards Program offers an excellent chance to help others while benefiting yourself.

How It Works:

  1. Submit a Referral: Use our simple form to provide the name and email of a peer looking for new opportunities or a hiring manager aiming to hire new talent.

  2. Reward Eligibility: For successful candidate placements, earn a $1,500 American Express gift card. For employer referrals resulting in a job opening that we fill, receive a $3,000 American Express gift card.

What Our Clients & Candidates Are Saying

At Tenfold, client and candidate success fuels our innovation and ambition. Discover the impact of partnership through their words:

Industry Insights & News

Here are some curated reads from around the web to keep you informed:

  • NFL owners newly endorse private equity stakes of up to 10% in teams by league-approved firms (YF)

  • Nvidia beat earnings expectations again. Investors aren’t impressed (CNN)

  • Emera Announces Sale of New Mexico Gas Company to Bernhard Capital Partners (PRN)

  • AQR Gets $350 Million for Fund Pitching Long-Short ESG Bets (BB)

  • Steward’s Managed-Care Sale Separates Doctors From Ailing Hospitals (BB)

  • Apollo’s Brightspeed Cuts Deal to Slash $1.1 Billion of Debt (BB)

  • Quantum Capital to buy Cogentrix for $3 bln in bets on rising US power demand (RT)

  • Jose Briceno Joins Guggenheim Securities to Expand Energy Investment Banking Practice (WS)

Fundraising & Deal News

Discover the latest financial milestones and transformative deals in our sector-focused roundup:

  • Kayne Anderson raises $1.5bn first close for seventh flagship fund (PERE)

  • LS Power Raises $2.7 Billion for Energy-Infrastructure Bets (WSJ)

  • Buyout Pioneer THL Seeks $6.25 Billion for Latest Main Fund (WSJ)

  • TPG Direct Lending Unit Amasses $3.9 Billion for Its Fifth Fund (BB)

  • Silver Hill Energy Partners raises $1.13 billion in oversubscribed fourth fund (AW)

  • Quinbrook raises US$3 billion for Net Zero Power Fund (PT)

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Staying ahead means staying informed and connected. As we wrap up this month's edition of The Tenfold Monthly, we look forward to sharing more insights, opportunities, and success stories with you.

Until next month,
The Tenfold Team