On 12th August, Senior Associate at PNC Mezzanine Michael Venditti came into GTE offices to talk about his career path, work at PNC and gave us some insights on the Private Equity industry. The PA native was born and raised in Murrysville and went to Georgetown University to get his degree in Finance and Accounting. After working with Gordion Group, a boutique investment bank, specializing in a financial advisory role, he went on to work for Bacchus Capital Management as an associate, and transitioned to PNC Mezzanine to work as a Senior Associate.
Venditti talked about the key reasons he prefers private equity over public investment, one of them being the influence that investors have over the buyouts in Private Equity whereas public investment tends to be a little passive. As a Senior Associate at PNC, he is mainly involved with family owned buyouts, introducing institutional processes and creating value and also raising capital for buyouts.
He described Private Equity trends and reiterated the differences in public and private investment, highlighting the individual control and influence in private equity and macro trend knowledge in public investment. After going through some trends and stats in the industry, the interns had interesting questions pertaining to macro trends, exit multiples, industry specifics and types of buyouts. He gave useful answers and insights on lots of different topics and ended the talk with great advice for young interns venturing into Private Equity. Thank you, Michael!