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While executives credit Schwartz for earning the founders’ trust, some worry he may be building consensus at the expense of making more dramatic changes at a PE firm that has fallen behind.
Terra Firma will now be led by COO Paul Hatter and Hands’ son Richard Hands, who will be managing director responsible for residential investments and new deals.
The PE firms of ultra-wealthy Americans have the greatest number of money managers in that role earning at least $1 million a year or the same total in other currencies