The BlackmoreConnects Playbook: Where Character Meets Action in Private Equity
Written By: Gerald O’Dwyer II The PE Guru — Blackmore Partners, Inc | February 11th, 2025
💡 “Character is revealed in the choices a person makes under pressure.” – Aristotle
In private equity (PE), character is not demonstrated by big ideas, theories, or strategic frameworks—it is revealed through action. PE firms are not looking for executives who can talk about deals; they are looking for those who can execute, lead, invest, and exit—again and again.
🔥 PE firms operate in cycles: investment, growth, exit, repeat. They are looking for executives who:
✅ Understand how PE firms structure deals, drive operational efficiencies, and maximize exits.
✅ Have the discipline to follow a proven process—without skipping steps.
✅ Can execute in real-time, not just theorize in PowerPoint slides.
This is where 99.9% of executives fail. They try to talk their way into PE without proving their ability to act within the PE framework. They present word salad—buzzwords, high-level strategies, and broad theories—without ever demonstrating their ability to operate inside a PE-backed company.
🚨 Where Does Private Equity Test Your Character?
It’s not in a job interview. It’s not in a resume. Theater of PE judgment happens in ACTION, ACTION, ACTION.
💡 Michael Jordan on Winning Through Losing:
“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. I’ve failed over and over again. And that is why I succeed.”
PE firms are watching for executives who will take the shots, miss, adjust, and keep playing until they win.
The BlackmoreConnects Playbook: The Path to PE Credibility
💡 PE success is not about job applications—it’s about mastering the actions that matter in PE culture.
The BlackmoreConnects Playbook is designed to:
✔ Shift your mindset from an executive to an investor-operator.
✔ Teach you the language, strategies, and habits of lower middle market (LMM) PE firms.
✔ Get you moving so that your credibility is built through engagement, not just words.
🚨 PE Firms Expect You to Mirror Their Culture and Strategic Thinking
The executives who break into PE and thrive mirror PE firms in three critical ways:
1️⃣ Language – Speak PE Fluently
💡 PE is NOT corporate leadership—it’s investment-driven leadership.
- Instead of “I increased revenue by 20%,” say “I expanded EBITDA margins by 250 basis points through operational efficiencies.”
- Instead of “We added new customers,” say “We drove a 1.5x revenue multiple expansion by improving customer retention and pricing power.”
If you don’t speak in terms of EBITDA, IRR, capital structures, and exit valuations, PE firms will dismiss you.
🔥 BlackmoreConnects teaches you the language through:
✔ Mastermind Groups – Learn how seasoned PE executives frame strategies.
✔ Live PE Conferences – Engage with PE firms in their world, not yours.
2️⃣ Thought Process – Understand PE Strategy & Execution
💡 PE firms think in terms of investment cycles. If you don’t, you’re invisible.
🔥 PE firms analyze deals in these steps:
✅ Industry Dynamics & Defensibility – Is this a fragmented market? What are the M&A opportunities?
✅ Buy, Build, Grow Strategy – How does this business become 2-3x more valuable?
✅ Operational Playbook – What levers (cost reduction, automation, market expansion) will drive EBITDA?
✅ Exit Roadmap – Who is buying this company in 3-5 years, and why?
If you can’t think in these terms, PE firms will see you as a corporate executive—not an investor-operator.
🔥 BlackmoreConnects trains you to think like a PE firm through:
✔ Deal Thesis Workshops – Work on real investment scenarios.
✔ PE-Backed Company Analysis – Learn from case studies on PE investments.
3️⃣ Actions – Execute in the PE Ecosystem
💡 You will NOT get a PE role by waiting for an offer—you get it by demonstrating value in real-world interactions.
🔥 Key PE Actions:
✅ Engage 200+ PE Firms Per Year – PE is a numbers game. The best executives are constantly networking, refining, and adjusting.
✅ Build Relationships with Industry Owners & PE Firms – PE firms want access to deal flow. Your credibility rises when you introduce acquisition targets.
✅ Attend PE Conferences & Mastermind Groups – If you are not in the room, you are not in the game.
🔥 Executives Who Take Action Get PE Roles. Those Who Don’t… Don’t.
🔥 BlackmoreConnects immerses you in the PE ecosystem through:
✔ Virtual & In-Person PE Conferences – 200+ PE firms engage every year.
✔ Networking Playbooks & Outreach Strategies – Learn how to engage without sounding like a job seeker.
The BlackmoreConnects 12-Month Playbook for PE Success
🚀 This is a process, not a single event. PE credibility is built over time.
Months 1-3: Build Your Base
✔ Attend BlackmoreConnects PE Conferences to refine your deal thesis.
✔ Build a list of 200 PE firms using PitchBook & Cyndx.
✔ Engage 10+ business owners in your target sector.
Months 4-6: Engage, Iterate & Refine
✔ Speak with 5-10 PE firms per month, refining your investor-operator pitch.
✔ Test your Buy, Build, Grow strategy at BlackmoreConnects mastermind sessions.
✔ Attend ACG and industry-specific events to build executive credibility.
Months 7-12: Secure PE Backing & Execute
✔ Land advisory or board roles to deepen PE relationships.
✔ Present 3-5 acquisition opportunities to interested firms.
✔ Secure a Letter of Intent (LOI) for your first deal.
Final Thoughts: This Is the Difference Between Winning and Losing in PE
🚀 The difference between executives who land PE roles and those who don’t is NOT intelligence or background—it’s the ability to stay in the game while others quit.
🔥 PE is a long-term campaign, not a one-time battle.
🔥 You must maneuver, not compete head-on.
🔥 You must outwork and outlast those who give up too soon.
💡 “Some people want it to happen, some wish it would happen, others make it happen.” – Michael Jordan
Make it happen.