Korn Ferry, a Los Angeles-based executive search firm, has established a new public-private partnership (PPP; P3) division in order to find and recruit talent and provide expertise to its clients in the P3 space, the firm said in a statement on Monday.
“There is a strong increase in private equity-funded ventures that have complex, but unaddressed unique human capital requirements,” Scott Kingdom, president of industrial markets at Korn Ferry, said. “Our new specialty melds the firm’s strong credentials in private equity, real estate, infrastructure and construction, energy and logistics with our global talent capabilities, to create the first group of this type,” he added.
Korn Ferry said it expects the use of P3s to grow in most major industrialised countries “because these projects create new sources of financing at a time of chronic infrastructure underinvestment”.
The firm said it will leverage its global teams and will tap its chief executive and chief financial officer practices to work with members of its new P3 team.
Founded in 1969 by Lester Korn and Richard Ferry, Korn Ferry is the largest executive search firm in the world with 80 offices in North America, Europe, Asia/Pacific, Latin America, the Middle East and Africa.