Get a free instant audit of your site, real findings in 15 seconds. Try it →
Industries Healthcare Industrial B2B Consumer Property & Development Professional & Trade Services Retail & Hardware Automotive (4x4) Fashion & Beauty Instant Audit Services Work Platform Why 121 Pricing Free Audit Founder Call Resources News About 1300 121 979 Book a Discovery
Book a Discovery
📞 1300 121 979 Book a Discovery
← News Strategy · PE · June 2026

Working with PE-portfolio CMOs.

By Adam Ducquet · 15 June 2026 · 3 min read

Practical handbook for working with PE-portfolio CMOs and operating partners. Sourced from running Partnered Health (60+ clinics), Avant Portfolio (3 sub-brands), Gorilla Glue + O'Keeffe's (multi-brand FMCG). The operating cadence, reporting expectations, and decision rights that make PE-portfolio engagements work.

AD
Adam Ducquet
Managing Director - Head of Strategy · 121 Group · Senior strategist

Five practical principles

1. Portfolio-CEO + brand-CMO reporting at different cadences

The portfolio CEO wants quarterly executive review with portfolio-level consolidation. The brand-level CMO wants monthly strategy review with brand-specific KPI walk-through. Same agency, two cadences, built into the engagement scope. Stretch one cadence to cover both audiences and you under-serve both.

2. Per-brand transparent invoicing as table-stakes

PE finance functions reconcile against budget at brand level. Per-brand "Digital Agency Fee" lines + per-brand hosting + per-brand media spend pass-through + shared Block Hours pool with explicit per-brand attribution. The Gorilla Glue + O'Keeffe's invoice line structure scales identically to multi-clinic PE-healthcare portfolios.

3. BigQuery + Looker as the data layer

Stitched-together platform-native dashboards don't satisfy PE-portfolio reporting requirements. BigQuery + Looker as the consolidation layer, refreshed daily, queryable via NL2SQL for non-technical portfolio managers, accessible by senior team without agency intermediation.

4. Compliance documentation portfolio-wide

AHPRA review pipeline (healthcare). Australian Consumer Law claim review (consumer). Tier-1 procurement-claim review (industrial). AI Governance policy. Privacy Act compliance attestation. All documented, all available on request, all applied portfolio-wide rather than brand-by-brand.

5. Single senior strategist as portfolio-anchor

One senior strategist sees the whole portfolio's performance side-by-side. Not a different senior strategist per sub-brand stitched together at quarterly review. Cross-brand pattern recognition, shared production efficiency, unified compliance posture.

What PE-portfolio CMOs typically ask for in the first 90 days

  • Portfolio-level monthly retainer + per-brand invoicing structure
  • BigQuery + Looker dashboard set up against the portfolio CEO's chosen KPIs
  • Compliance documentation pack for portfolio-CISO review
  • Vendor-due-diligence pack for portfolio-procurement review
  • First-90-day milestone plan with named accountable strategist + named accountable operating partner

All five typically deliverable inside the first 30 days of engagement.

Read more:

↑ Back to top

PE-portfolio CMO or operating partner?

Forty-five-minute call. We'll review your portfolio's marketing operating model + agency structure + reporting cadence + compliance documentation.

Book a Discovery
Adam Ducquet
Adam Ducquet
Founder and Managing Director, 121 Group. Twenty years building measurable growth programmes for Australian brands, and the senior strategist on every account.
About Adam · LinkedIn · Published 15/06/2026