Off-duty: Karen Frank of OTPP on music, martial arts and proud kids

We asked the senior managing director a few personal questions regarding what she's reading, career paths and learning a new instrument.

As part of our January cover story in Buyouts magazine, we asked Karen Frank of Ontario Teacher’s Pension Plan, among other big names in PE, her thoughts about where the market is headed in 2022. She and the other participants gave us an abundance of interesting material regarding inflation, ESG, over-heated markets and other big issues.

To lighten things up a bit, we also asked Frank (as well as Carlyle Group’s Brian Bernasek and Blackstone’s Joe Baratta) a few personal questions regarding what engages her when she’s not working. Here are her replies:

What is your New Year’s resolution?
To learn something new. I have always wanted to take up piano.

If you weren’t in PE, what job would like to have?
Veterinarian.

How do you relax when you’re not working?
Practice martial arts and hang out with my kids.

What book are you reading right now?
Quiet: The Power of Introverts in a World that Can’t Stop Talking (by Susan Cain).

Who in your career do you regard as a mentor?
Barbara Byrne (former chairman of Barclays Bank and a board member of ViacomCBS, among other distinctions).

Professionally, what was your toughest moment?
Electing to stop working for a time when my kids were young, leaving a role in private equity. Unfortunately, I wasn’t very happy at home, disconnected on the sidelines. I am likely the only person who returned to Goldman Sachs Invest Bank “for the lifestyle,” as they were able to offer a degree of flexibility while I stayed engaged and progressing in my career.

Your most rewarding?
The days when my kids say they are proud of me and encourage me to keep going.