Raquel Palmer has put together some of the more notable middle-market turnaround-company deals in recent years. She has been with KPS since 1994, buying distressed and underperforming manufacturing and industrial companies for what is now a $3.5 billion private equity fund. The firm looks for businesses it can create and unique situations in which it can add value.

“What we look for is not the healthy growth businesses that other private equity funds are looking for,” Palmer says. “We’re looking for trouble, and problems that are fixable, that we’ve had experience working with, so that we can have the confidence to put a plan together to make the business better.”

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