Our guest today is Joel Niekamp. Joel is currently the Director of Mergers and Acquisitions for Reedy Industries, a provider of commercial and industrial HVAC services. Prior to his position with Reedy, Joel spent time as an investor in the secondary private equity market with Adams Street Partners, as a middle market investment banker and also as a management consultant. Joel is currently pursuing his MBA (part-time) at Kellogg and volunteers a lot of time with his alma mater.
Joel has obviously done very well and has had some very nice opportunities, but listen to how he approaches those experiences like a student. I have a lot of respect for his thoughtfulness and the way he makes decisions. When he has made these transitions he has done it as a true professional and has preserved his relationships.
In this episode we discuss:
- Joel’s path from investment banking to private equity to corporate development
- Some of the similarities and differences between investment banking and consulting
- An overview of the secondary private equity market
- The various parties involved in the private equity world including, limited partners (original sources of capital), private equity funds (investment managers) and secondary private equity investors
- Different reasons that a secondary private equity investor gets involved with a primary equity fund
- Resigning and making a career transition the right way
- How becoming a father can change the way you approach work
- Building a corporate M&A platform for an industrial company
- Career challenges in investment banking, private equity and corporate development
- Handling the intense learning (and re-learning) that takes place when you make a career change
- The importance of business writing skills
- Joel’s opinion on doing the part-time MBA program
Music by Elijah from NOMADS