Q – Have you worked with Impetus-PEF before?
It’s a great charity and group of people. I have been involved with Impetus-PEF for five years and am currently a trustee. The CVC Foundation and employees also support Impetus-PEF and a number of their portfolio investments including Street League and Teens & Toddlers.
Q – What made CVC get involved with this event?
Daniela [Barone-Soares, chief executive of Impetus-PEF], Johannes [head of KKR in EMEA, and chair of Impetus-PEF) and I discussed the possibility of doing an Industry triathlon to replace a football event. Human Race were in discussions with the Financial Times, and we connected the dots with the BVCA chairman, Tim Farazmand, and four sponsor partners, Marlborough Partners, Ropes & Gray, PwC and Mergermarket Group to make it happen. At the firm level, we always try and support Impetus-PEF events and in 2010, CVC sponsored a team of 15 employees to climb Kilimanjaro to raise money for them. We are fortunate to have a healthy number of competitive employees, runners and cyclists eager to compete in their first or second triathlon and this is also an ideal event for newcomers.
Q – Why should other firms in the alternatives / PE industry get involved?
It is a fantastic cause, which uses a private equity approach to achieve top-tier outcomes. It is also the first industry-wide sporting event that's been organised, and will provide an excellent opportunity to network and bring colleagues, friends and families together for a great occasion. There will be an element of inter-firm rivalry no doubt, but it's also a fantastic opportunity for first-time triathletes to get a taste for the sport.
Q – Have you competed in triathlons or other endurance events before?
I'm living proof that you don't need to be an athlete to take part in endurance events. I've completed – not competed in! – six triathlons before; although the last one, London Hyde Park Olympic distance, was several years ago. I've also survived the Caledonian Challenge; Welsh 3000s, climbed Mont Blanc and Kilimanjaro, and cycled a number of events including the Étape du Tour and recently the Marmotte Grandfondo.
Q – Which race will you be competing in? And if it’s the relay, who will your teammates be?
I'll be competing in the cycling leg of in the over-50s team relay team. CVC has five teams taking part, and I will be competing alongside Mark Grizzelle (swim) and Nick Archer (run).
Q – Do you have any particular goals for the event, perhaps a particular time in mind?
To beat the CVC women's team, else Jane, Liz and Lucie will never let me hear the end of it!
Q – What training are you doing to prepare for the event?
We're holding an induction session at the Serpentine one evening in August for all entrants which will be run by the event's training partner, RG Active. Personally, I'll be paddle-boarding, wake-boarding and sailing whilst trying to fit in some social cycling, Ride London 100 and spin classes…
Marc Boughton is the managing partner of CVC Credit Partners, and is a board director of CVC.