abstract:An operating partner is a term generally used by venture capital (VC) and private equity (PE) investors to describe an external resource hired to support privately held companies. An operating partner is usually secured by a medium to long term contract, twelve to thirty six months, and is incentivized with a combination of salary, performance bonus and carried interest (equity) in the portfolio investment.
Dave Walters, chairman of Ffos Las Racecourse and Walters Group said Northern Racing would work with them as operatingpartner "to develop the facility to its full potential".
For example, the recession has barely taken hold at La Gran Plaza, the recently opened 1.1-million-square-foot retail center in Fort Worth, Texas, where Legaspi serves as part owner and operatingpartner.
"So instead of building a phone, which seems like a desperate move, Facebook should partner with every operating system and carrier and hardware maker it can to try to embed this social platform within every mobile platform, " Blodget said.