Many PE firms now send portfolio companies a 100-day value creation plan. Two-thirds of those plans sit unexecuted 18 months later.
I was pulled into three different conversations in June for plans initiated in Q2 or Q3 of 2025. Still in early discovery with no real traction.
Most value creation ideas are generally on the right track. But the operating layer is rarely budgeted for.
On the digital and operational front, a typical plan calls for HubSpot consolidation, organic channel buildout, sales process documentation, and API integrations across three acquired entities. All sensible. All necessary for the exit multiple.
But shrinking teams in 2023 and 2024 has constrained the manpower to execute on larger and strategic initiatives requiring attention every day – or at least 3x a week.
And broader plans like the one above need the 8-12 full-time-equivalents to actually execute it.
Portfolio leadership assumes the in-house team can absorb it. They can’t. The VP of Sales is running quota. The Head of Marketing is firefighting the rebrand from the last acquisition. IT has six open tickets from the migration that closed 90 days ago.
So the plan becomes a deck that gets reviewed quarterly, with the same “in progress” status markers turning yellow, then red.
The companies that execute the plan treat it as an operations build, not a strategy exercise. They staff it like they would staff a product launch: dedicated resources, external vendors, consultants or contractors, clear ownership, weekly delivery cadence.
Sometimes that’s an embedded team owning this with an in-house stakeholder or a fractional hired from the unit. Sometimes it’s selective hires. Sometimes it’s both.
But it’s never “we’ll figure it out with existing bandwidth”. It’s far more expensive and stressful to start a year later than staffing up from the get go. And this capability is where PEs have the financial edge compared to bootstraps unable to invest or attract talent. Use it wisely.