
An early investment in the business that became PayPal helped draw Mark Hoeing into private markets. At CF Private Equity, his work turns on a quieter question: which people can keep building good companies when the easy money is gone?

A fishing boat, a tutoring business, a family office and a Darden classroom: Joe Andrasko’s career keeps returning to the same problem. How do you make a decision when the answer is still out of reach?