Global growth equity investing in the beauty sector…
Annette Rodriguez, managing director at Warburg Pincus (a leading global private equity firm focused on thesis-driven growth investing at scale) joins Karen Moon, Regina Gwynn, and guest host Kelly Kovack of BeautyMatter (Episode 24) in the MouthMedia Network studios powered by Sennheiser.
In this episode:
- The investing landscape in beauty, where one fits into the ecosystem
- Warburg Pincus as a global growth equity firm, across life cycle, size, stage
- Growth equity at scale
- A lot of money going into more tech enabled beauty businesses
- The need to spend time finding the right partner, mutual respect and trust
- Defining what you’re looking for
- Investing in a whole company not just a product
- Considering who is the team you’ve built around you
- Building a platform
- Have your story really straight, the big picture
- Rodriguez’s career progression, why become an investor, got lucky and fell into it
- Challenges/opportunities as a woman investor, more of a recruiting challenge
Rodriguez is based in New York, joined Warburg Pincus in 2008, and focuses on investments in the consumer sector. Ms. Rodriguez works closely with and serves on the boards of Gabe’s, a leading off-price retailer in the mid-Atlantic; Glansaol, a global beauty and personal care company launched in partnership with Warburg Pincus; and Outset Medical, a pioneering medical technology company. She is also a board member of New York Professional Advisors for Community Entrepreneurs (NYPACE), a non-profit consulting organization assisting entrepreneurs from under-resourced communities. Ms. Rodriguez previously served on the boards of TriMark, the #1 distributor of foodservice equipment and supplies in North America, and Wencor Group, a leading designer, repair provider and distributor of aftermarket aerospace components. She was involved in the firm’s former investments in Neiman Marcus and Scotsman Industries. Prior to joining Warburg Pincus, Ms. Rodriguez worked at JPMorgan Partners (nka CCMP Capital), the private equity arm of J.P. Morgan, as a Generalist. She received a B.S. magna cum laude in economics with concentrations in finance and accounting from the Wharton School at the University of Pennsylvania and an M.B.A. with distinction from Harvard Business School.