The Name is Buffett, Warren Buffett

"CEOs need to learn the art of capital allocation"

William Thorndike on the importance of capital allocation by CEOs

Published 9 years ago on Jun 08, 2013 13 minutes Read
Benjamin Cooper

In the competitive and challenging landscape of private equity, William Thorndike, founding partner of Housatonic Partners, has managed to create a niche for himself. Thorndike’s firm has made over 60 investments in private companies and kept generating decent returns for investors. So, it’s not surprising that assets under management have grown from $5 million in 1994, when the fund was set up, to around $1 billion currently. Housatonic focuses on growth buyouts and recapitalisation of profitable, middle-market service businesses with highly recurring revenue. But, more importantly, it seeks to invest in and build companies through the close cooperation of experienced and entrepreneurial managers. That approach also led Thorndike to author a book The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.