Madison Dearborn and GTCR are the only two big funds (they are the only two in PEI 300's top 100).

Others: Wind Point, Water Street, Waud, Flexpoint Ford, Thoma Bravo. There are lots of other smaller MM funds.

Not sure how to get there from NYC. If you're in banking, I would just do the normal recruiting process with headhunters and specify you want to be in Chicago.

If you're already on the buy-side, I would reach out to headhunters to see if any of the firms are looking. Or go to Kellogg or Booth and then recruit into one of the funds.

 

Chicago is not a great city for finance unless you are in trading. For a city of its size, its presence in buyside is quite weak. But as the poster above wrote, GTCR and madison dearborn are the big dogs in chicago PE. They recruit from BB groups in both chicago and NYC. I know a guy who did merrill in NYC and did madison, a guy who did JPM in NYC and did GTCR and another who did citi in NYC and GTCR. My guess is they all went through the traditional big PE recruiters. If you're at a solid BB, you should be able to have a good shot there. And those 2 firms have awesome b-school placement. All of their associates end up at hbs/stanford/wharton.

As far as hedge funds is concerned, citadel is the giant gorilla in the room. You also have alyeska and magnetar, which were founded by ex-citadel folks. But aside from those Chicago is quite weak in hedge funds.

 

Generally, it seems like PE entry is at the post-analyst, pre-MBA level or the VP+ level / lateral from industry.

Atleast at the big firms. I only have experience beginning the PE recruiting process from the analyst level. Sorry.

 

I know one of the guys who works there. Pretty nice dude. Value shop, IIRC.

Not sure what kind of reputation they have given their size, but at a minimum it'll get your foot in the door.

I think position has been open for a while so fit must be important.

Follow me on Twitter: https://twitter.com/_KarateBoy_
 

Every time I get one of those emails I seriously question the legitimacy of WSAT. Everyone I know who took it didn't end up getting interviews despite high scores. Judging by how they promoted their business here through multiple fake accounts, I would be very skeptical about the credibility of the test and organization as a whole.

 

Exact same as user above when I was looking. The second email comes from Sheffield's HR.

The one annoying thing is that it took them about a month between every preliminary step which is a pain. This stuff really shouldn't take more than a week each time. And as above user also pointed out... they've been looking for a long time now. I think I applied in... May?

It seems like a great shop though.

 

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