I often speak to FTSE 250 directors every week who want to make the jump into Private Equity. They hand me a CV packed with massive budgets, huge matrix teams, and steady market share growth.

Then they wonder why PE recruiters are leaving them on read.

If that sounds familiar, here is the hard truth: PE firms don't recruit "stewards" to maintain the status quo. They hire "value architects" to aggressively grow a business towards an exit. If you're moving from a corporate PLC to a PE portfolio company, your CV needs a total shift in language, not just a light edit.

Here's how I approach it:

Ditch Revenue Vanity for EBITDA Sanity

In the corporate world, showing you managed a £500m budget or grew top-line revenue by 5% looks great. In the UK PE market (especially with today's high debt costs) revenue is "vanity," profit is "sanity," and cash is reality.

When I write a PE-focused CV, I focus on margin expansion, working capital optimisation, and EBITDA. You need to prove you can squeeze value out of every operational corner, not just ride a rising tide.

A PE investment committee isn't reading your CV to find out how big your empire was. They're reading it to work out whether you can move the multiple.

It used to be that PE firms could rely on cheap debt and financial engineering to hit their exit targets. Not anymore. As Hugh MacArthur and the Private Equity practice at Bain & Company have repeatedly highlighted, we are now in an era where the cost of capital is high. That means margin expansion and top-line growth now have to drive the vast majority of value creation. If your CV doesn't explicitly show how you've physically squeezed margins and generated cash, the recruiters simply won't put you on the shortlist.

The Ticking Clock and the 100-Day Plan

Corporate leaders are used to having an army of analysts and a six-month induction period to get their feet under the desk. PE firms expect you to hit the ground running on day one with a lean team and no hand-holding.

I always ensure my clients highlight their ability to execute rapid diagnostics. We explicitly mention 100-day plans, post-merger integration (PMI) speed, and the ability to drive a business toward a liquidity event, whether that's an IPO, or a secondary buyout.

If you can't show you've operated at pace with a skeleton team before, expect that to be the first question in the room.

If you think I'm exaggerating about the required pace, just look at the data. The advisory firm AlixPartners tracks PE leadership closely, and their research consistently shows that over 70% of PE-backed CEOs are replaced during the investment hold cycle, often within the first couple of years. Why? Because they try to run a high-stakes PE sprint at a comfortable corporate marathon pace. Your CV has to prove you won't be one of those casualties.

Speak the Language of the Board, Not Just the Business

This is where most corporate CVs quietly fall apart. A PLC director typically reports upward through layers of governance and rarely deals directly with the people who actually own the capital. A PE-backed CEO or CFO answers straight to the investment committee, often monthly.

Your CV needs to show you're fluent in that relationship:

  • Experience presenting to or sitting on an investment committee
  • Familiarity with covenant compliance and debt facility terms, not just P&L management
  • Exposure to sponsor reporting cycles (monthly board packs, KPI dashboards tied to the Value Creation Plan)

If you've only ever operated debt-free or within a conservative capital structure, don't hide it, but do show you understand what changes when the business is carrying debt.

Translating Your Track Record

I know swapping corporate terminology for PE jargon can feel a bit forced. But to a recruiter, it proves you understand the mechanics of a leveraged environment.

Here are the vocabulary swaps I always make for my clients:

Corporate Phrasing PE-Fluent Phrasing
Managed a £500m budget Executed a Value Creation Plan (VCP) that contributed to a 3x Multiple on Invested Capital (MOIC)
Oversaw departmental restructuring Led lean post-merger integration (PMI) to realise £5m in synergy savings
Ensured continuous improvement Delivered rapid EBITDA expansion ahead of a successful secondary buyout
Led a large cross-functional team Ran a lean, high-accountability leadership team through a 100-day value creation sprint
Grew market share year on year Drove multiple expansion through targeted operational and commercial levers
Reported to the board quarterly Reported directly to the investment committee against sponsor-agreed KPIs

The pattern is always the same: swap scale for velocity, and stewardship for value creation.

The Ego Adjustment Nobody Talks About

Here's something I say to almost every corporate director making this move: your CV is about to get smaller, not bigger.

A PE portfolio company CV rarely needs to mention headcount in the thousands or nine-figure budgets to land well, in fact, oversized numbers with no exit story attached can work against you, because they suggest a "corporate" mindset rather than an owner's mindset. Sponsors want to see judgement and pace under pressure, not the size of the empire you once ran.

That's a genuine mental shift for a lot of senior leaders, and it's usually the hardest part of the rewrite, not the wording, but letting go of the numbers that used to define success.

Who This Applies To

This isn't only a CEO or CFO conversation. The same shift applies to:

  • COOs moving into operational leadership of a portfolio company
  • CFOs targeting roles with direct sponsor and lender reporting lines
  • Commercial/Sales Directors stepping into growth-equity-backed businesses where revenue quality matters more than revenue size
  • Transformation and Interim Executives brought in specifically to deliver a VCP milestone ahead of exit

If you're eyeing any of these routes, the same principle holds: the CV has to read like you already think like an owner, not an employee.

Lee Tonge

Lee Tonge

Lee has over 20 years of experience helping senior executives globally with their high-impact CVs.

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