Rob Huxtable is an entrepreneur in service of private equity. He is the founder of Falcon and co-founder of PE-cxo.com and The Crucible. getty Over the past two decades, private equity returns have outperformed public markets and venture capital. There are a host of reasons for this, including savvy investment professionals and effective utilization of leverage. However, I see the bedrock of private equity’s success as the uncompromising standard of excellence required from portfolio company leadership teams. The private equity scorecard is clear and uncompromising. Sponsors invest money on behalf of limited partner (LP) institutional investors such as pension funds, university endowments, sovereign wealth funds and insurance companies. These LP investors heavily rely on private equity firms to meet their obligations and overall investment goals. They measure private equity firms—and their portfolio company executives—with two key metrics: multiple of invested capital (MOIC) and internal rate of return (IRR). Elite private equity-backed executives have solid business acumen and sector expertise. But what I see differentiate these leaders are five behavioral traits that help drive their top quartile outcomes. Most leaders believe they possess these traits, and that is probably true. But elite PE leaders distinguish themselves by cultivating these traits […]