The Private Equity Wire US Awards ![]() Strong fund manager performance drives investor interest and loyalty, securing a competitive advantage and financial rewards alongside other benefits. Top performers also earn awards and recognition. Private Equity Wire US Awards annually recognize excellence among private equity fund managers and service providers. As a recognized leader, Private Equity Wire has (for over a decade) identified and celebrated outstanding achievements in the field. The organization incorporates insights from multiple sources, including an allocator board, peer surveys, the expertise of the Private Equity Wire editorial team, and data analysis for its award process. Held in the US, the event doubles as an industry benchmark. Candidates contest in various categories, primarily the Manager Awards and Service Provider Categories. The Manager Awards acknowledge North American-based single-manager and multi-manager funds with strong track records exceeding three years. These awards are based on annualized returns. The Service Provider Categories recognize excellence in services supporting the private equity sector, including accounting, auditing, cloud services, cybersecurity, and fund administration. To determine award recipients, Prime Equity Wire analyzes annualized returns for one year, and nominations are based on reported performance during this time. Final awards recognize private equity companies that generated the highest returns for their investors. This assessment considers two key metrics: the annualized growth rate of investment (highest net internal rates of return, or IRRs) and the total cash return relative to the initial investment, termed the money multiple. Service providers can submit nominations via a dedicated link, and managers may nominate preferred service providers. Nominations are free. Private Equity Wire notifies finalists of their shortlisting on a specific date, followed by a public announcement a few weeks later. Shortlisted managers receive a complimentary ticket to attend The Private Equity Wire US Awards ceremony. Winning managers and service providers can purchase extra tickets through winner's packages to accommodate colleagues, clients, or industry partners. Prime Equity Wire’s advisory board comprises experienced individuals from diverse investment fields. Members include co-founders of capital advisory firms and investment partnerships, senior managing directors overseeing income strategies and environmental, social, and governance (ESG) issues, and portfolio managers from multi-asset groups. Key players in the private equity sector have compelling reasons to participate, either as candidates or in the industry-wide voting process. Participants can gain insights into top-performing fund managers and service providers, while voters contribute to a collective understanding of excellence within the sector. Investors can identify top-performing general partner managers and top-rated service providers, improving investment strategy decisions. Meanwhile, fund managers leverage these awards to find high-quality service providers to support their investments. Service providers also benefit by assessing top-performing GPs and understanding their market position. At the 2024 awards, Fund Finance Partners (FFP), a financial advisory firm specializing in fund finance, won the Best US Fund Financing Solution category. FFP's team of finance and asset management experts drives innovation in debt capital solutions for private and public fund sponsors. Fund managers have turned to FFP to optimize their funds' capital structures, gain in-depth market knowledge, and secure optimal terms and pricing for fund financing solutions, among other reasons. FFP's win in the Best US Fund Financing Solution category also stems from its ability to enhance fund profitability. Instead of relying solely on existing relationships, FFP creates competition among lenders, leveraging its deep understanding of lender preferences, legal intricacies, and market dynamics. This approach, combined with expert management of lender and fund counsel, maintains focus, controls costs, and streamlines post-closing processes, easing administrative and financial burdens for fund sponsors. Beyond recognition, the Private Equity Wire US Awards allow sector professionals to network. Businesses can maximize visibility through customized sponsorship packages, reaching influential industry leaders and decision-makers. Outside the US, Private Equity Wire hosts award ceremonies in Europe, including the Emerging Manager Awards. Source: dakotaibrahim
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Volunteering as a firefighter is a rewarding approach to helping your community, as it combines civic duty, physical involvement, and personal growth. However, this duty requires much time, energy, and sometimes emotional strength. Volunteering as a firefighter may be fulfilling for someone motivated by the need to serve others and operate under duress. It also offers a unique chance to learn practical problem-solving, team-building, and emergency response skills.
Finding a local fire station that needs volunteers is the first step toward becoming a volunteer firefighter. Before volunteering, be sure your fire department needs you. Depending on your location, some departments need you to live near the station. This allows volunteers to respond promptly to situations. Many fire stations also welcome prospective volunteers to visit and ask questions. Some provide ride-alongs so you can see how firefighting works. Although states and departments choose their own eligibility criteria for volunteer firefighters, there are some general standards you will have to satisfy. These consist of being at least 18 and a holding a GED or high school diploma. A current driver's license is also required, as volunteers may have to drive to emergency scenes or run firefighting equipment. Most fire departments run background checks to ensure volunteers have no disqualifying legal problems. Prospective volunteers also usually undergo a medical check and drug test to be sure they fit the position. Specific departments might additionally demand that volunteers undertake a physical agility test to evaluate their strength and endurance. Training is crucial to becoming a volunteer firefighter. After a department approves a volunteer, they must complete a Firefighter I certification in fundamental firefighting, safety, and equipment handling. This qualification prepares them to operate safely and efficiently under more experienced firefighters. Many training programs require months of nighttime seminars, allowing volunteers to combine employment and personal obligations. Some departments ask volunteers to take EMT training in addition to firefighting. This teaches CPR and smoke inhalation management. After training, volunteer firefighters engage in various events outside of emergency response. These include the regular upkeep of the fire station, vehicles, and firefighting tools. Volunteer fire departments frequently rely on and plan community fundraising activities such as fairs, raffles, and charity dinners. Firefighters are vital in Helping with event planning and advertising. It is important not to underestimate the emotional and physical strain of a volunteer firefighter's work. Volunteers often haver to respond to fires, medical emergencies, and traumatic events, such as auto accidents. These events can be emotionally taxing, particularly when the results are not good. Many departments stress the need for emotional resilience and stress management. At the same time, physical fitness is also crucial. Firefighters have to be able to negotiate dangerous environments, climb ladders, and carry bulky tools. Many departments even mandate continuous fitness tests to ensure volunteers stay physically active. Volunteer firefighters receive several benefits in return for their efforts. Many states give tax breaks to volunteers, and some departments have scholarships or tuition reimbursement policies to help cover school expenses. Some departments also provide retirement benefits, usually accessible following a predetermined number of years of service. Though not always provided, these benefits may motivate people to consider the position. Volunteers also frequently have access to professional development programs, like advanced medical training and advanced firefighting courses. This helps them develop their skills and prepare for careers as full-time firefighters. Despite the various challenges involved, most volunteer firefighters find the job rewarding. Fire departments frequently feel like a second family where collaboration and trust are valued. Volunteer firefighters protect their communities, and also have the opportunity to grow individually. Key Challenges Firefighters Encounter ![]() First responders, such as firefighters, regularly encounter unique and intense obstacles. The nature of their work can be extremely difficult, and coupled with factors such as pandemics and climate change, these challenges can be amplified. While fire prevention measures have improved, these professionals still grapple with surges in call volumes. When emergencies occur back-to-back, the workload increases significantly, requiring additional resources and personnel. This strain is particularly severe for departments with limited staff and tight budgets. Compounding the issue is aging fire trucks and equipment, which are more prone to breakdowns during consecutive emergency calls. The scale and complexity of incidents can also exceed the operational capacity of fire departments. The western US, for instance, has seen an unprecedented increase in wildfire frequency and intensity, often necessitating multi-jurisdictional responses. Financial constraints and personnel retention also present challenges. Most fire departments rely on government budgets and local taxes, making them vulnerable to budget cuts that can impair staffing and training. Low pay and demanding schedules exacerbate these issues. A 2021 report showed only 25 percent of the 1.2 million firefighters in the US are fully employed, while two-thirds of all firefighters are volunteers. This heavy reliance on volunteers can lead to inconsistent availability, impacting response times and effectiveness. Coordinating multi-agency responses during large-scale emergencies can also be problematic. Delays in supplementary assistance can exacerbate injuries and losses. Fire chiefs face additional hurdles when communication systems between different agencies are incompatible. Differing protocols and command structures between agencies can further complicate joint operations. Further, coordinating volunteer efforts frequently leads to personnel shortages, as volunteer firefighters may be unable to leave their regular employment during normal working hours when a fire occurs. Firefighters risk their lives regularly to serve others. They interact with hazards such as exposure to dangerous chemicals and extreme heat, leading to immediate injuries and long-term health issues. Unexpected dangers are also common, as exemplified by one incident where a routine response to a small fire following a tractor-trailer accident resulted in an explosion that killed one firefighter and severely injured another. Moreover, repeated exposure to traumatic experiences such as injuries, death, and destruction can take a significant psychological toll on these workers. While most training emphasizes practical skills, mental health support remains inadequate in many departments due to limited resources. Lack of support and the stigma surrounding mental health problems cause some firefighters to internalize their stress instead of seeking help. Eventually, overwhelming emotions may lead to depression, suicidal ideation, and other issues. Even though wanting to help, some department leaders lack the means to care for the mental health needs of their personnel. While technology has enhanced this profession, such as through virtual training simulations for recruits and existing staff, it has also introduced new challenges. For example, electric vehicles and lithium-ion batteries have created new types of fires that are challenging to extinguish. These changes demand updates to firefighting training programs to cover not only traditional fire behavior, but also the new dynamics associated with modern materials and technologies. Moreover, it requires integrating revolutionary equipment like drones to help combat emerging hazards. Source: dakotaibrahim The Work of Fire Paramedics ![]() Emergencies are unpredictable, making rapid response crucial to managing situations and saving lives. In 2019 alone, nearly 27 million incident runs and calls occurred in the US, with emergency medical services (EMS) calls comprising over two-thirds of these responses. Fire paramedics provide lifeline support during such events. The primary responsibility of these professionals is to provide advanced life support (ALS). They tackle fires in various settings, from homes and businesses to transportation hubs, employing specialized techniques, and considering each scenario’s unique requirements. For instance, while fires involving paper or wood may necessitate water suppression, flammable liquids require foam or specialized agents. During emergencies, fire paramedics prioritize saving lives before protecting property from damage. Beyond fire suppression, fire paramedics offer critical medical care to those affected. Their training encompasses vital stabilization techniques, such as resuscitation, using automated external defibrillators to restore heart rhythm for patients without a pulse, and controlling bleeding. The response often begins by assessing the person’s condition and vital signs and determining injury severity to guide appropriate medical interventions. Upon stabilization, fire paramedics coordinate with ambulatory services to transport the injured person to a hospital for comprehensive care. These professionals also fulfill crucial non-emergency roles, such as inspecting and maintaining fire equipment and apparatus before and following operations. They ensure equipment remains in optimal working condition by testing and adjusting various components (such as pump controls and water pressure) to maintain operational readiness. Additionally, fire paramedics conduct fire safety inspections at various structures to ensure compliance with fire codes and identify and mitigate potential hazards. Recognizing the significance of fast response in dealing with emergencies, these professionals consider public education crucial to their work. They instruct civilians on fire suppression techniques and operating fire alarms and help families practice how to escape their homes should a fire occur. Fire paramedics lead training sessions and fire drills in schools, workplaces, and other institutions, familiarizing people with evacuation procedures and enhancing safety awareness and preparedness. At times, fire paramedics may mobilize the community to help raise funds to support local health initiatives. Given the high-risk nature of their work, fire paramedics require specialized training integrating medical and fire-related skills. Aspiring fire paramedics must obtain EMT-Paramedic certification through state-approved programs, mastering basics such as emergency medical rescue techniques and equipment usage. Complementing this education is on-the-job training, which covers areas like emergency vehicle operation, fire law comprehension, and physically demanding rescue work. Training on how to respond to complex emergencies, such as those involving multiple casualties, is also integral. As part of these inspections, they may also train building owners and occupants on proper fire safety protocols and emergency procedures. In addition to training, certain personal attributes contribute to an individual's effectiveness as a fire paramedic. Key qualities include a passion for continuous learning, natural leadership abilities, and the capacity to remain calm under pressure. Critical thinking and sound judgment can help a fire paramedic navigate dynamic emergency scenarios effectively. Equally important is adhering to protocols while remaining receptive to guidance and adjusting to evolving situations. Well-being is crucial for a fire paramedic to perform optimally. The profession's inherent exposure to trauma and high-stress incidents can lead to emotional strain and burnout. Situations may also arise where these professionals face danger from some rogue public members, as exemplified by an incident where an unresponsive driver woke up, fired at paramedics, and stole their vehicle. To address such challenges, organizations should be attentive to individual needs, seek support and assistance from external entities or services when necessary, and implement comprehensive safety protocols, such as training in de-escalation techniques and situational awareness. Source: dakotaibrahim Despite being a risky, last-resort measure, there are times when a firefighter needs to enter a burning building. The principle reason for doing so is to potentially save a life that is in danger. One asset fire team members have on their side is triple-layer turnout gear, which has extreme fire-resistant properties. Pants and jackets are made from synthetic, engineered fabrics such as Aramid, Kevlar, and Nomex.
Boots are crafted from rubber or leather and have steel toes that offer the feet protection against falling debris. In addition to multiple fire-resistant layers, turnout pants often have leather cuffs and reinforced knees. They are typically stored scrunched into the boots at the station, so that the boots can simply be stepped into in one motion, with firefighters wasting minimal time before departing for a fire. A turnout coat can weigh up to 20 pounds, as its constructed from many layers of fire-resistant material that also prevents moisture and heat from entering. The sleeves connect with thick gloves via wristlets, which keep the sleeves from sliding up and obstructing hand movements. Turnout coats are also fitted with reflective safety stripes, which ensure that firefighters keep in visual contact with one another in smoky and dark environments. Firefighters wear hoods under helmets, which provide the neck, head, and ears with protection against burns. The helmets are secured by chin straps and have visors, which protect the eyes. They also have ear flaps. Firefighters also don a self-contained breathing apparatus face piece that connects with an air pack with a 45-minute oxygen bottle. It’s important to note that in higher-exertion scenarios, the oxygen may last as little as 15 minutes. Another essential piece of equipment is the two-way radio, which allows team members to alert each other when assistance is needed or hazards arise, such as a collapsing floor or roof. Firefighters are also outfitted with a personal alerting safety system, a type of motion sensor that sounds an alarm when the firefighter fails to move for more than half a minute. Next-generation technologies are constantly being developed, such as the C-Thru platform, which was adopted by the Menlo Park Fire Protection District in California. Designed by Qwake Technologies, it employs a thermal imaging system that is hands-free. It replaces the handheld thermal imaging camera that traditionally attaches to the air pack or belt. The C-Thru navigator is helmet-mounted and contains an eye piece that hangs down, so firefighters can look through it. This enhances spatial awareness, particularly in limited-visibility situations. The system allows for hands-free radio communication and requests for help are accomplished through a press of a button on the device. All actions and incidents are recorded and live-streamed to commanders outside the fire permitter, allowing them to make informed tactical decisions. Firefighters who enter buildings that are on fire are provided with every possible measure of support. This includes a rapid intervention team that can swap out masks and oxygen as required, and that also enters the building themselves to accomplish rescues and carry out unresponsive members of the firefighting team. The United States was home to nearly 337,000 firefighters in 2022. American firefighters respond to an estimated 358,500 house fires every year. Putting out residential, commercial, and wildfires are only a few of the services provided by firefighters in the US.
To begin, firefighters provide various emergency response services that have nothing to do with fires. In fact, nearly four out of five emergency response situations involve rendering medical aid at a residence or place of work. Firefighters frequently provide medical services following vehicle accidents. All firefighters receive comprehensive first aid training, including cardiopulmonary resuscitation training. Firetrucks are equipped with first aid kits, which contain valuable items such as burn and antibiotic ointment, bandages, and pain relievers. Firefighting professionals responding to vehicle crashes may also engage in technical rescue efforts. Technical rescues, which involve safely removing a person from a crashed vehicle or some other type of machinery, may be preceded by search efforts. Emergency responders can perform other search and rescue activities, such as saving citizens from drowning in lakes and rivers. Firefighters perform hazardous material response activities. A hazardous material is any substance that, regardless of the amount, poses a direct threat to human life and health. Hazardous materials may also threaten public and private property. Over four billion tons of hazardous materials are transported throughout the country annually. A few of the most common hazardous materials in the US include explosives, compressed gasses, flammable and combustible liquids, and corrosives, which are materials that can injure skin and damage metal. Radioactive materials are also considered hazardous materials, often referred to as “hazmat.” Specific response activities vary depending on the hazardous material in question, but standard procedure involves isolating the materials, decontaminating the impacted area, and disposing of the dangerous materials. Firefighting and hazmat response activities sometimes overlap, such as during the response to a chemical or industrial fire. Firefighters also provide a range of fire-adjacent services, such as fire investigations. Also known as origin and cause investigations, fire investigations help firefighters and local authorities understand what started the fire. In some cases, this information is used to help prevent similar fires from occurring in the future. Other times, investigations may reveal that the fire was the result of arson. Advanced fire investigations may be performed by police, but firefighters are expected to take mental notes immediately upon arriving at the scene, establishing the foundation for the ensuing investigation. Similarly, firefighters perform investigations and audits to ensure fire code enforcement. The fire code is a group of laws and construction standards designed to optimize fire safety. Basic aspects of a local fire code include the correct use of fire alarms, maintaining a functional sprinkler system, and the proper storage of fire extinguishers. Of course, firefighters are tasked with controlling and extinguishing many different types of fires. Municipal fire departments in America respond to more than 1 million fire calls each year. Fire departments also provide firefighting training and fire prevention education services. Finally, firefighters perform in-house equipment maintenance to ensure timely, effective responses to fires and other emergency events. If a firefighter is not actively responding to an incident or maintaining equipment, they are likely performing routine safety inspections or training for these and other emergency response situations. A child's chance to follow in their parent's footsteps regarding careers is very slim—only seven percent. Within this small percentage, a few heartwarming stories illustrate how a parent's love of firefighting influenced their children to join the force. In the case of New York firefighters, children became firefighters, following their parents' career paths.
Firefighting is a stressful job, as these first responders are often first at the scene of emergencies. While the job can be stressful for the firefighter and their families, many report the occupation as rewarding. A 2019 Bloomberg's Work Wise report found that America's firefighters experienced the highest job satisfaction, even though the median income at the time was $50,000. The intrinsic rewards of being a firefighter might be why children of firefighters choose this profession, regardless of the dangers. The camaraderie and the family-like atmosphere draw children of firefighters to this profession. In the case of 65 New York City firefighters, some chose the career to honor their parents on September 11, 2021. On the 20th anniversary of September 11, these firefighters convened to memorialize their parents, take pictures, and share stories of how they became firefighters. Anthony Ragaglia, for instance, remembered his father. After graduating from college, Ragaglia joined the fire department, understanding the occupation's dangers. He is now a firefighter in Brooklyn. Staten Island firefighter John Bergin is another firefighter who went into the profession after losing his father on September 11. Before the tragedy, Bergin spent time as a child in the firehouse and rode in the truck with the lights flashing and sirens blaring. He even ate supper with the other firefighters. The firefighter stated that some of his most incredible memories of his father would work with him. He also watched his father engage in rescues, like diving into water and ablaze buildings. His father's love for the job influenced him to become a firefighter. Today, he wears his father's badge number at Ladder 157 in Flatbush. For Emmet Meehan, the Fire Department of New York provided structure for him. His father passed away in 2018, succumbing to a cancer that he contracted as a result of rescuing others on September 11. He describes his own life as being directionless and experiencing depression while watching his father pass away. In response, he took the fire department test and passed. Today, he carries a picture of his father while he works as a firefighter in Washington Heights. Some of the children from the September 11 tragedy are legacies, as is the case of Robert J Weiber's sons Erik and Chris Weiber. The eldest Weiber was a firefighter in Astoria, Queens. Like Meehan's father, he succumbed to cancer related to his rescues on September 11. Chris had planned to become a firefighter, and his brother became an accountant before joining firefighting. Both brothers state that their father found firefighting fulfilling. He loved his job. However, not all the stories have tragedy. In the case of Robert Thomas, his three sons, Stephen, Jason, and Nathan, joined the Fire Department of New York because of the friendship they saw their father experience as a young firefighter. Like the young men in the previous examples, their father often took his young sons to work with him, where they witnessed a camaraderie similar to a second family. Before joining the department, Jason and Stephen were pursuing other careers, the former as a stockbroker and the latter in business. Today, they all work for the Fire Department of New York. Incidentally, the Thomas family of firefighters is this profession's largest legacy of color in the country. |