Washington, D.C. – Today, the American Investment Council (AIC) released the third video in a new series of interviews conducted by Hill TV examining how private equity investments are supporting businesses and workers across America. Today’s video features Riverside Company COO and Vice Chairman Pam Hendrickson, who discusses her experience at Riverside investing in and building small businesses:
“There are thousands of great stories about how patient capital and experiential or sector expertise, benefits companies,” said Pam Hendrickson. “At Riverside, we have investments in over a hundred companies worldwide. And our goal is always to help them get bigger and better because that’s how we generate returns for our investors. And to me, that’s what private equity is all about.”
Hendrickson also discussed how Riverside invested in a small Oregon-based business called the Health and Safety Institute, “when we first invested in this company, it had 30 employees and its sole focus was emergency care … But the mission of HSI was to make saving lives easier. So with growth in mind, we asked the management, well, why don’t we train people so they don’t get hurt in the first place? So we found a company and we added it on to HSI so that we could train people in the workforce, how to stop people from getting hurt, or even if they were hurt to immediately resuscitate them.”
Finally, Hendrickson discussed being named the most influential woman in mid-market M&A by Mergers and Acquisition publication and provided two pieces of advice to young women in the industry, “probably the top two are “Be Confident,” because if you have the job, you’re clearly competent. The differentiator is whether you’re willing to take risk, to step forward to voice your opinion … The other part of this is know the fact in practice, because when you know the facts, you will have immediate credibility.”
Hendrickson’s interview with The Hill is the third in a series of videos featuring experts with first-hand knowledge of how private equity supports American businesses, workers and public pension beneficiaries.
Watch the first interview in the series with AIC President and CEO Drew Maloney here.
Watch the second interview in the series with New Mountain Capital Founder & CEO Steve Klinsky here.