Adhish Kulkarni

Operating Partner Balio

Adhish Kulkarni is an Operating Partner at Balio, focusing on growth, operational value creation and AI transformation. He has more than 25 years of experience leading and transforming PE- and VC-backed B2B software and SaaS businesses, including companies owned by Lumine, Constellation Software, and Francisco Partners. He holds an MBA from INSEAD and a BSc in Industrial Management from Carnegie Mellon University.

CONFERENCE DAY TWO: 15TH OCTOBER

12:00 PM THE M&A PARADOX: WHY INTEGRATION DESTROYS VALUE — AND HOW TO PREVENT IT

The Buy & Build model has long been a playbook for PE funds, but the game has changed. Investors now demand proof that these roll-ups can generate real value beyond financial engineering. The problem? Most PE-backed boards struggle to make it work. The result? Stagnation. Frustrated management. Struggling exits. Join this session to tackle the hard truths and find a way out:

• Don't let your buy & build become a house of cards - Integration tools incl. pre mortems, value distraction watch outs, repeatable playbooks

• Overcoming the finance-first mindset and build the strategic and operational expertise

• Putting the capital where it matters the most: Investing in operations, tech, and commercial levers that drive growth

• The CEO vs. the Boardroom Standoff – How to align financial decision-makers with operational execution.

2:00 PM ASSESSING AND CREATING MANAGEMENT CAPABILITY IN FOUNDER-LED AND MID-MARKET BUSINESSES

In small and mid-sized companies — especially founder-led ones — evaluating the management team can be emotionally delicate and operationally complex. Leaders may feel scrutinised, while investors urgently need to understand whether the existing team can deliver the value creation plan. This topic explores how to assess capabilities respectfully, identify gaps, and attract the right talent to accelerate growth.

• How to run capability assessments without triggering defensiveness or fear

• Identifying gaps between current leadership skills and value creation ambitions

• Bringing in talent without destabilising the cultural fabric of the business

• Building trust between founders, management, and operating partners

• Creating a repeatable framework for talent and capability evaluation across portfolio

Check out the incredible speaker line-up to see who will be joining Adhish.

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