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In this episode of Leadership Quotient, Lindsay Guzowski sits down with Mike Magliochetti, Operating Partner at RS2 Healthcare Partners, to discuss what separates exceptional operating partners from the rest. Drawing on decades of experience as both a CEO and private equity operating partner, Mike explains why trust between sponsors and management teams matters, how operating partners can create tangible value beyond the boardroom, and why helping portfolio companies grow revenue—not simply monitoring performance—is where real value creation begins. The conversation explores leadership in investor-backed companies, founder transitions, building executive teams, operational playbooks, AI adoption across portfolio companies, and the lessons Mike learned moving from CEO to operating partner.