Michael Silverstein of Direct Recruiters Inc. Quoted in 2024 Hunt Scanlon Private Equity Executive Recruiting Special Issue

May 24, 2024

Solon, OH — Direct Recruiters Inc., a leading executive search firm, is pleased to share key insights from Hunt Scanlon’s Executive Search Review: ‘2024 Hunt Scanlon Private Equity Executive Recruiting Special Issue.'

Hunt Scanlon Media is a global news and intelligence organization that delivers exclusive news, data, and insights for leaders in the executive recruiting and talent management industry. Their Executive Search Reports are renowned for providing in-depth analysis and expert commentary on key trends and challenges shaping the executive search and recruitment sectors.

In an interview featured in the publication, Michael Silverstein, Managing Partner oh Healthcare IT & Life Sciences at Direct Recruiters Inc., discussed the trends observed in the private equity market throughout 2023. Silverstein noted a slowdown in new investments in portfolio companies last year, attributing it to rising interest rates impacting debt service for deals. Despite this, Silverstein highlighted ongoing search activity, primarily concentrated on top grading and replacing underperforming talent rather than new initiative hiring.

“We see a ton of activity when there is a flurry of new investments in new portfolio companies and ’23 was slow on that front,” commented Mike Silverstein. “Rising interest rates and the impact that had on debt service for deals really had companies focusing on belt tightening last year. There was still a decent amount of search activity, but that activity was highly focused on top grading and replacement of underperforming talent rather than net new initiative hiring.”

Direct Recruiters Inc. continues to navigate these dynamic market conditions by providing specialized executive search services tailored to the unique needs and challenges faced by private equity firms in the healthcare IT & life sciences sectors.

For more detailed insights from Hunt Scanlon’s Executive Search Review and to learn more about Direct Recruiters Inc.’s strategic approach to executive search in private equity, please visit https://huntscanlon.com/category/executive-search-review/

Since 1983, Direct Recruiters, Inc. (DRI) has been recognized as the relationship-focused search firm that assists top-tier organizations with recruiting, acquiring, and retaining high-impact talent for mission-critical positions. Visit us at www.directrecruiters.com and follow us on Twitter @DRI_Inc.