Why build teams when you can buy them ‘ready cooked’?
The deal struck by Schroders this week to acquire sustainable infrastructure manager, Greencoat Capital – outbidding ten other asset managers – suggests that demand for private market talent is red hot. Talent is a highly sought after commodity and comes with its own supply chain constraints. Buying ‘ready made’ teams of specialists might be easier than enticing people away from their well-paid roles but could this trend lead to culture clashes and disharmony?